Nifty above 10,500 mark; Tata Steel, ONGC stock lead

Benchmark indices were trading higher in the afternoon trade, with the Sensex rising over 100 points, while the Nifty is trading above the 10,450 mark led by PSU Banks and metals stocks.

At 3:14 PM, the BSE Sensex was trading at 33,961, up 168 points, while the Nifty50 was ruling at 10,500, up 56 points.

Veer Energy and Infrastructure stock jumped 7.5% as the company has bagged order for 2,000 KW solar rooftop in Sanand, Gujarat.

BSE Metal Index soared during Thursday’s trade. The index was trading at 15,450 level, up by 293 points or 1.9%. Tata Steel was the top gaining stock in the index, higher by 2.9% at Rs755 per share on BSE. The Metal Index gained on the back of upbeat commodity prices.

On the economy front, the Indian service sector returned to marginal growth in the month of December. Services Purchasing Managers' Index or PMI stood at 50.9 for the month.

The BSE Mid-cap and BSE Small-cap in
dices were up 0.48% and 0.80%, respectively.

Volatility index India VIX slipped 1.39%.

L&T (+3%), Tata Steel (+2.7%), Coal India (+2.5%), Dr. Reddy’s (+2.3%) and ONGC (+2.2%) were the top gainers on Nifty50.

HCL Tech (-1.2%), Sun Pharma (-1 %), Tata Motors (-0.96%), Infosys (-0. 91%) and Hero MotoCorp (-0.83%) were the top losers in today’s trade.

Out of 2,001 stocks traded on the NSE, 1,129 advanced, 556 declined and 316 remained unchanged today.

A total of 157 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.

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