Market update: Midcaps outshine Nifty led by Biocon; Delta Corp jumps over 7%
Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively.
The Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively. UPL was also among the top Nifty gainers, up 1.77 percent while Power Grid was up 1.62 percent. The most active stocks in the Nifty50 Index were Reliance Industries, Avenue Supermarts (D-Mart), Infosys and Larsen & Toubro.
CNX infra was outperforming the Nifty led by stocks like Adani Ports and NHPC which added 1 percent each. Voltas gained 1.42 percent and Siemens was trading at Rs 1,230 per share, up 0.63 percent. Future Retail gained 1.64 percent intraday after Nomura maintained its buy rating on the stock with increased target price at Rs 619.
Bank Nifty was also trading positive holding on to its morning gains led by IndusInd Bank and Axis Bank. However, ICICI Bank which was one of the most traded stock in the Nifty was trading in the red, down by 0.64 percent. South Indian Bank tanked 6.4 percent after its profit plunged 96 percent.
In the BSE Index, the top gainers were Adani Transmission, Religare Enterprises, GHCL, GNFC and Delta Corp. On the other hand, from the Nifty Index, Lupin, UPL, Power Grid, Reliance Industries and Infosys were the top gainers.
In the Nifty50, the advance-decline ratio was in favour of the advances with 27 stocks advancing and 23 stocks declining. On the other hand, the BSE Index saw 1506 stocks advance and 1108 stocks decline.Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd