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Sensex Up Over 100 Points In The Middle Of Choppy Trading; Auto Stocks In Leading Gear, IT weak

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HCL Tech, Wipro, Tech Mahindra, Infosys and TCS have shed 1-3 per cent each on the BSEThe domestic stock exchange are trading partially in the favorable in the middle of bouts of choppiness on Monday afternoon, a day after the BSE Sensex scaled the 60,000 mark for the very first time.

The Sensex has actually moved in a variety of a little over 500 points and since 2:00 pm, the BSE benchmark index is trading at 60,180.25, greater by 136.82 points or 0.24 per cent and the NSE Nifty is at 17,889.55, up 35.25 points or 0.20 per cent, on the back of purchasing interest in vehicle shares.

The broader markets i.e.

the BSE Midcap index and BSE Smallcap index are definitely flat.In the currency market, the rupee slipped 5 paise to 73.73 versus the U.S.

dollar in early trade on Monday due to fresh demand for dollar from banks and importers.

At the interbank forex, the rupee opened on a weak note at 73.70 and moved even more to 73.73.

On the stock-specific front, automobile stocks are witnessing buying interest in midday trading.

Maruti Suzuki has actually soared more than 6 percent to top the gainers list on the BSE.

Other vehicle shares are likewise going strong, with M-M and Bajaj Vehicle acquiring around 3 per cent each.On the other hand, infotech stocks are seeing profit-booking post their current run-up.

HCL Tech, Wipro, Tech Mahindra, Infosys and TCS have shed 1-3 per cent each on the BSE.Among stocks in the news, PVR and INOX Leisure rose 10 per cent and 18.43 per cent respectively on the BSE after Karnataka and Maharashtra relieved Covid-induced limitations on theatres.Zee Entertainment shares recuperated from intra-day lows and were trading at Rs 325, up 2 percent.

The shares had corrected in the day on reports that a person of its largest investors had actually renewed a demand to replace certain directors on the board.The BSE market breadth is weak.

Out of 3,479 stocks traded on the BSE, there are 1,619 advancing stocks as against 1,650 declines.




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