Nifty above 11,350 mark; Metal, media stocks surge

In the broader market, the BSE MidCap index was trading 39 points higher at 15,166, while the BSE SmallCap index was ruling at 14,914, up 40 points.

Mar 14, 2019 04:03 IST India Infoline News Service

Equity benchmark indices opened higher for the fourth consecutive session, with the Bank Nifty hitting record high of 29,000-mark. In the broader market, the BSE MidCap index was trading 39 points higher at 15,166, while the BSE SmallCap index was ruling at 14,914, up 40 points.

On the sectoral front, media, metal, banking, and realty were trading in the positive territory, while IT, FMCG, and auto indices were in the negative territory.

The Sensex rose 126 points to 37,878 levels, while the Nifty was up 36 points to 11,378 levels. The market breadth was positive with 930 shares advancing, 620 shares declining, and 519 remaining unchanged on the NSE.

Reliance Industries stock advanced 1% after media report stated that the company's US subsidiary has stopped oil deals with Venezuela's Petrleos de Venezuela S.A. in order to comply with the US sanctions on the Latin American country.

Shares of Jubilant Foodworks snapped a two-day decline and gained 2% on news that its promoter Jubilant Consumer Private Limited is plannig to sell 40 lakh shares at the floor price of Rs1,272.6 apiece, aggregating to Rs503.8cr via secondary placement of shares.

Volatility index India VIX was down 0.70% at 15.17.

Indiabulls HF, HDFC, Zee, and Yes Bank are trading higher, while HPCL, BPCL, Tata Motors, and Adani Ports are trading lower on the NSE.

The most active stocks on NSE are Jubilant Foodworks, Reliance Industries, Yes  Bank, HDFC, and Lupin.

The Indian rupee opened lower by 14 paise at 69.67 per dollar on Thursday versus previous close 69.53/$.

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