News Details
Category : Market
Headline : Mid-Session: Sensex surges over 900 pts; April WPI inflation at 15.08%
Date: 17/05/2022 12:47
Indian benchmark indices continued to trade higher during the noon trading session led by strong gains in index heavyweights ITC and Reliance Industries on Tuesday.

Debutant LIC listed at Rs 867.20 on the BSE, a discount of 8.6 per cent as against the issue price of Rs 949. The stock touched a low of Rs 860.10, and then recovered and rallied to a high of Rs 920.

Meanwhile, April Food Inflation was at 8.88 percent versus 8.71 percent and Primary Articles Inflation was at 15.45 percent versus 15.54 percent, MoM.

At 12:38 hours, the 30-share benchmark index was trading at 53901.99 up by 928.15 points or by 1.75 % and then NSE Nifty was at 16130.1 up by 287.8 points or by 1.82 %.

Sensex touched intraday high of 53991.49 and intraday low of 53176.02 The NSE Nifty touched intraday high of 16153 and intraday low of 15900.8

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 1158.00,+4.87%), Reliance Industries Ltd. (Rs. 2511.15,+3.45%), ITC Ltd. (Rs. 262.55,+3.35%), ICICI Bank Ltd. (Rs. 705.55,+3.27%), Maruti Suzuki India Ltd. (Rs. 7481.35,+3.14%), among others.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 881.35,-0.50%), Dr. Reddy's Laboratories Ltd. (Rs. 3872.00,-0.39%), Mahindra & Mahindra Ltd. (Rs. 900.20,-0.30%), Mahindra & Mahindra Ltd. (Rs. 1184.90,-0.23%), among others.

Metal index was at 19162.12 up by 1101.07 points or by 6.1%. Vedanta Ltd. (Rs. 315.85,+9.99%), Hindalco Industries Ltd. (Rs. 426.25,+8.95%), Coal India Ltd. (Rs. 183.30,+6.79%), JSW Steel Ltd. (Rs. 632.40,+5.10%), Tata Steel Ltd. (Rs. 1158.60,+4.92%),.

HCS index was at 22413.32 down by 59.15 points or by 0.26%. Aurobindo Pharma Ltd. (Rs. 540.35,-1.89%), Cipla Ltd. (Rs. 918.25,-1.59%), Dr. Lal Pathlabs Ltd. (Rs. 2172.00,-1.57%), Fermenta Biotech Ltd. (Rs. 198.75,-1.49%), Solara Active Pharma Sciences Ltd. (Rs. 439.80,-1.27%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3509 , shares advanced were 2550 while 820 shares declined and 139 were unchanged.