Stock market updates – ITC drags markets from its highs
Even as broader markets are showing a strong positive bias, jewellery stocks are not giving good performance in Friday’s trading session; whereas, ITC is contributing the most to the BSE FMCG index's losses, eventually limiting the progress of the sectoral index.
While Nifty and Sensex are rallying, BSE Telecom index is outperforming the broader markets and is the top gainer in the afternoon session.
Among Paper stocks, Superb Papers Limited has touched a high of Rs 53 per share.
Adani Enterprise has touched its 52-w high as of now.
At 1 PM, the S&P BSE Sensex is trading at 27860.47, up by 152.33 points, while NSE Nifty is trading at 8640.25, up 37.50 points; while a total of 78 stocks registered a fresh 52-week high in trade today, and 9 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap index is trading up 0.74% at 12881.66, whereas BSE Small-cap index is trading up 0.71% at 1304286.
Majority of the BSE indexes are trading in green in afternoon session, wherein Power, Oil & Gas, Consumer Durables, Bankex and Finance indices are the top gainers in lunch hours; whereas Realty and FMCG are showing signs of weakness on the BSE.
BHEL, ICICI Bank, Bank of Baroda, Axis Bank, HDFC and ACC are among the gainers; whereas Bosch Ltd., ITC, Wipro, Lupin and Yes Bank are losing sheen on NSE.
The INDIA VIX is up by 5.34% at 15.90.