The key equity indices traded with moderate gains in morning trade. The Nifty traded above the 22,450 mark. Metal shares advanced after declining in the past trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 316.21 points or 0.43% to 74,055.23. The Nifty 50 index added 90.60 points or 0.41% to 22,458.60.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.61% and the S&P BSE Small-Cap index added 0.80%.
The market breadth was strong. On the BSE, 2,355 shares rose and 1,062 shares fell. A total of 171 shares were unchanged.
Results Today :
Hindustan Unilever (down 0.24%), Axis Bank (up 0.66%), LTIMindtree (down 0.28%), Nippon Life India Asset Management (up 0.06%), Macrotech Developers (up 1.26%), Syngene International (down 0.17%), 5paisa Capital (up 3.14%), Anant Raj (up 1%), AU Small Finance Bank (down 0.34%), Chennai Petroleum Corporation (up 1.67%), Dalmia Bharat (up 0.85%), DCB Bank (down 1.21%), Equitas Small Finance Bank (down 0.63%), Indian Hotels (up 1.29%), MAS Financial Services (up 0.59%), Oracle Financial Services Software (up 0.88%) and Supreme Petrochem (up 0.75%) will announce their quarterly earnings later in the day.
Buzzing Index:
The Nifty Metal Index gained 1.29% to 9,015.30. The index shed 0.34% in the past trading session.
Welspun Corp (up 3.43%), Jindal Steel & Power (up 2.09%), NMDC (up 1.98%), Ratnamani Metals & Tubes (up 1.92%), Vedanta (up 1.42%), JSW Steel (up 1.2%), Hindustan Zinc (up 1.1%), Tata Steel (up 1.09%), Hindalco Industries (up 1.05%) and APL Apollo Tubes (up 1.05%) advanced.
Stocks in Spotlight:
Puravankara was locked in 5% upper circuit after the company announced that it has been unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai.
Sakuma Exports added 1.31% after the company has entered into a contract amounting to approximately Rs 150 crore for the supply of sugar to the North East, West Bengal, and Bihar regions.
SBI Cards and Payment Services rose 0.78%. The company has launched three variants of its first travel-focused core credit card, ?SBI Card MILES?, in Mumbai. The card is aimed at bringing holistic travel benefits to travellers of all kinds ? travel aspirers to frequent fliers to travel aficionados.
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