The market performance comes after the government announced an excise duty cut on petrol by a record Rs8 per litre and that on diesel by Rs6 per litre.
During opening bell, the Sensex was up 288.99 points or 0.53% at 54,615.38 and Nifty was up 77.80 points or 0.48% at 16,334.
At around 09:34 AM, Sensex was trading at 54,365.15 up by 38.76 points or 0.07%. Meanwhile, Nifty 50 was performing at 16,242.85 higher by 23.30 points or 0.14%.
Gainers on Nifty were - Maruti Suzuki soaring by 2.8% followed by M&M, Hero MotoCorp, Asian Paints and NTPC surging around 2% each. Other major stocks such as Eicher Motors, IndusInd Bank, Infosys and Bajaj Finsernv added marginal gains as well.
However, Tata Steel, JSW Steel plunged 10% each while Hindalco, ITC and Coal India were among top underperformers on Nifty plunging 4-1% each.
On the sectoral front, Nifty Metals tumbles 6.3% followed with Nifty IT, FMCG, media stocks while all the other major indices cheered buying sentiments from investors and maintained position in the green territory. Nifty auto, rose around 2% Bank Nifty, Financials, pharma with realty, indices are also trading higher.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.