Sensex Up Over 150 Points,Nifty Trades Above 15,350 Led By Wipro
The Indian equity benchmarks moved higher in noon deals led by gains in information technology and auto heavyweights. Addition, the upside was capped for the benchmarks owing to weakness in HDFC Bank, HDFC, Bajaj Finance and Hindustan Unilever. The Sensex rose as much as 200 points and Nifty 50 index moved above its important psychological level of 15,350. Reliance Industries, Tata Consultancy Services, Infosys, Kotak Mahindra Bank and ITC were among the top movers in the Sensex.
As of 12:09 pm, the Sensex was up 175 points at 51,193 and Nifty 50 index climbed 56 points to 15,357.
Banking shares which were witnessing selling pressure in morning deals bounced back from intraday low levels wherein the nifty Bank index advanced over 300 points from day’s lowest level.
Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index’s 1.5 per cent gain. Auto, Metal, PSU Bank and energy shares were also witnessing buying interest.
Wipro was top Nifty gainer, the stock rose 2 per cent to ₹ 538. Tata Motors, Kotak Mahindra Bank, Hero MotoCorp, Tata Consultancy Services, Bajaj Auto, UltraTech Cement, Tech Mahindra, JSW Steel and Axis Bank also rose between 1-1.7 per cent.
