D-Street Buzz: Oil & gas stocks rally with HPCL up 8%; Infosys, Sun Pharma fall 2-3% on strong rupee

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The breadth of the market favoured the advances with 833 stocks advancing and 710 declining while 500 remained unchanged. On the BSE, 981 stocks advanced, 776 declined and 84 remained unchanged.

The Indian benchmark indices have managed to stay in the green in this morning session tracking mixed global cues with the Nifty50 up 34 points, trading at 10,617 while the Sensex gained 63 points at 35,207.

Nifty energy is the outperforming sector, up 1.5 percent after fall in global oil prices with gains from BPCL, HPCL and Indian Oil Corporation which added 7-9 percent.

From the PSU banking space, the top gainers included Union Bank of India, PNB, State Bank of India, Central Bank of India and Canara Bank.

With the rupee gaining against the US dollar, IT and pharma stocks have taken a hit dragged by HCL Tech, Infosys, Tech Mahindra, TCS and Wipro.

From the pharma space, the top losers included Sun Pharma, Glenmark Pharma and Lupin.

From the BSE midcap space, the top gainers were Adani Transmission, Berger Paints and MRPL while the top losers were Glenmark Pharma, CONCOR and Mphasis.

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From the BSE smallcap space, the top gainers were Tata Investment and Orient Bell while the losers included Balasore Alloys and MIRC Electronics.

The top gainers from NSE include HPCL, BPCL, IOC, Asian Paints and Tata Steel.

The top losers included Sun Pharma, Zee Entertainment, Infosys, HCL Tech and TCS.

The most active stocks are Tata Steel, Sun Pharma, HPCL, Ashok Leyland and SBI.

Gujarat Fluorochemicals and SMS Lifesciences are some of the few stocks which hit new 52-week high on the NSE.

ABG Shipyard, Sun Pharma Advanced Research Company and Sumeet Industries are some of the some which have hit new 52-week low on the NSE.

The breadth of the market favoured the advances with 833 stocks advancing and 710 declining while 500 remained unchanged. On the BSE, 981 stocks advanced, 776 declined and 84 remained unchanged.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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