Nifty above 10,850 mark; Realty, FMCG stocks lead

The market breadth was positive with 930 shares advancing, 596 shares declining, and 512 remaining unchanged.

Feb 13, 2019 04:02 IST India Infoline News Service

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Equity benchmark indices opened higher tracking cues from its Asian peers, on optimism that United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.

On the sectoral front, realty index rose 1.4% followed by FMCG, pharma, and banking. On the flip side, IT, media and auto indices were trading in the negative zone.

The Sensex is up 132 points at 36,285, while the Nifty rose 27 points at 10,858. The market breadth was positive with 930 shares advancing, 596 shares declining, and 512 remaining unchanged.

Shares of Sun Pharma advanced 2.5% after its PAT grew 286.2% yoy to Rs1,241.85cr in Q3FY19.

In the broader market, BSE MidCap index was trading 60 points higher at 14,168 in early trade.

The rupee gained by 22 paise at 70.48 against the US dollar.

ITC, Sun Pharma, Indiabulls HF, Power Grid, and Adani Ports are trading higher on the NSE, while RCom, Infratel, HPCL, BPCL, and M&M are trading lower.

Volatility index India VIX was up 2.98% to 16.03.

The most active stocks were Sun Pharma, Bata India, Axis Bank, and ITC.

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