D-Street Buzz: Nifty PSU Bank outperforms led by Indian Bank; HUL hits new 52-week high, Sun Pharma drags

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The breadth of the market favoured the advances with 1159 stocks advancing and 388 declining while 491 remained unchanged. On the BSE, 1189 stocks advanced, 348 declined and 58 remained unchanged.

Following positive global cues, the Indian benchmark indices were trading in the green this Thursday morning with the Nifty50 up 70 points, trading at 10,808 while the Sensex gained 245 points and is trading at 36,024.

Nifty PSU Bank is the outperforming sector, up over 2.5 percent led by Indian Bank which jumped 4 percent followed by State Bank of India which gained 3 percent. The other gainers were Union Bank of India, Central Bank of India and Bank of India.

Midcap stocks were also gaining led by Dewan Housing Finance, Indian Bank, NBCC, RBL Bank, United Breweries, MRPL and Cholamandalam Investment.

From the auto space, the top gainers were Maruti Suzuki, Tata Motors, Motherson Sumi and Mahindra & Mahindra.

Pharma stocks were trading mixed with Sun Pharma down 2 percent followed by Cipla and GSK Pharma while the gainers included Lupin, Piramal Enterprises, Aurobindo Pharma and Dr. Reddy's Labs.

From the BSE midcap space, the top gainers were Indian Bank, IIFL Holdings and TI Financial Holdings while the top losers were Gillette India and Bayer Corp.

The top BSE smallcap gainers were Pricol which zoomed 12 percent followed by Indo Rama Synthetics and Munjal Auto Industries while the top losers were KDDL, Ashapura Intimates and Jyothy Labs.

Share Market Tips

The top gainer from NSE includes Indiabulls Housing Finance, YES Bank, State Bank of India, Bharti Airtel and HPCL while the top losers included Sun Pharma, UPL, Hero Moto, Cipla and Eicher Motors.

The most active stocks were Reliance Industries, YES Bank, Sun Pharma, Indiabulls Housing and State Bank of India.

Hindustan Unilever, Colgate Palmolive, NRB Bearing, PVR and Tube Investments have hit a new 52-week high on NSE in this morning session.

18 stocks have hit new 52-week low including names like Excel Realty, Gayatri Highways, Rolta India, Visesh Infotecnics and Nagarjuna Oil Refinery among others.

The breadth of the market favoured the advances with 1159 stocks advancing and 388 declining while 491 remained unchanged. On the BSE, 1189 stocks advanced, 348 declined and 58 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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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