INSUBCONTINENT EXCLUSIVE:
The overall market breadth was positive as 1,833 shares were advancing while 1,481 were declining on BSE.New Delhi: The Indian equity
benchmarks on Wednesday traded higher in afternoon deals in a volatile trading session
The 30-share BSE Sensex pack was up 208 points or 0.35 per cent at 60,064 and the broader NSE Nifty moved 62 points or 0.35 per cent higher
to 17,867.Mid- and small-cap shares were mixed as Nifty Midcap 100 index was up 0.27 per cent and small-cap shares were trading 0.10 per
cent lower."The Indian benchmarks made a cautious start, owing to mixed global cues and an increase in coronavirus infections around the
Traders may focus on data that the country's export shipments are expected to exceed $400 billion this fiscal year, according to reports
Some respite may come in the market as foreign institutional investors (FIIs) net bought shares worth Rs 1,273,86 crore, while domestic
institutional investors (DIIs) net purchase shares worth Rs 532.97 crore in the equity market," Gaurav Garg, Head of Research, Capitalvia
Global Research Ltd told TheIndianSubcontinent."Our research suggests that sustaining above the level of 17,600-17,700 (Nifty) is important
levels to stay positive in the market
If the market sustained the level of 17,600-17,700, we can expect it to trade till the level of 18,000
If market unable to sustain the levels of 17,600-17,700, It may trade till the lower range of 17,300-17,500," he added.On the stock-specific
front, Bajaj Finserv was the top Nifty gainer as the stock surged 4.99 per cent to Rs 17,989.80
Bajaj Finance, Kotak Mahindra Bank, JSW Steel and Indian Oil were also among the gainers.On the flipside, Tech Mahindra, Wipro, HCL Tech and
TCS were among the losers.The overall market breadth was positive as 1,833 shares were advancing while 1,481 were declining on BSE.On the
30-share BSE platform, Axis Bank, ICICI Bank, HDFC Bank, Asian Paints and Mahindra - Mahindra attracted the most gains with their shares
rising as much as 2.97 per cent in afternoon trade.NTPC, Sun Pharma, Reliance Industries and PowerGrid were among the laggards.The benchmark
BSE Sensex had surged 673 points or 1.14 per cent to close at 59,856 on Tuesday, while the broader NSE Nifty had settled 180 points or 1.02
per cent higher at 17,805.
