Bulls continue to dominate D-street; Nifty reclaims 9900 17/07/2017 11:21

The key domestic benchmark indices continued to gain momentum during the late morning session with frontline gauges recapturing their crucial 32,100 (Sensex) and 9,900 (Nifty) levels amid buying in index heavyweights including Wipro, Adani Ports, Infoysy, and Reliance among others.

At 11:16 hours, the 30-share benchmark index was trading at 32122.32 up by 101.57 points or by 0.32 per cent while the NSE Nifty was at 9919.5 up by 33.15 points or by 0.34 per cent.

Sentiments remained up-beat with latest edition of the OECD’s economic outlook report on India stating that economic growth is projected to remain strong and India will remain the fastest growing G20 economy.

In the bullish trade so-far, Sensex touched intraday high of 32131.92 and intraday low of 32053.98 The NSE Nifty touched intraday high of 9920.3 and intraday low of 9894.7.

The top gainers of the BSE Sensex pack were Wipro Ltd. (Rs. 269.35,+3.80%), Adani Ports & Special Economic Zone Ltd. (Rs. 381.05,+1.67%), Infosys Ltd. (Rs. 988.00,+1.64%), Mahindra & Mahindra Ltd. (Rs. 1397.50,+1.47%), Reliance Industries Ltd. (Rs. 1552.75,+1.42%), among others.

The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 329.60,-2.25%), Coal India Ltd. (Rs. 249.25,-0.52%), Axis Bank Ltd. (Rs. 511.20,-0.37%), Hindustan Unilever Ltd. (Rs. 1137.00,-0.24%), Maruti Suzuki India Ltd. (Rs. 7546.00,-0.14%), among others.

Among the sectors, IT index was at 10175.21 up by 123.61 points or by 1.23%. Rolta India Ltd. (Rs. 62.55,+6.29%), Ramco Systems Ltd. (Rs. 396.45,+5.35%), Mastek Ltd. (Rs. 296.90,+3.90%), Wipro Ltd. (Rs. 269.30,+3.78%), KPIT Technologies Ltd. (Rs. 138.70,+2.32%),.

On the flip side, FMCG index was at 10675.66 down by -136.41 points or by -1.26%. Venky's (India) Ltd. (Rs. 2063.60,-4.28%), ITC Ltd. (Rs. 329.60,-2.25%), Som Distilleries & Breweries Ltd. (Rs. 132.40,-1.89%), Eveready Industries India Ltd. (Rs. 335.35,-1.70%), Manpasand Beverages Ltd. (Rs. 759.00,-1.68%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2341 , shares advanced were 1227 while 984 shares declined and 130 were unchanged.