Indian markets were trading up by over 0.3 per cent in the afternoon session on buying by funds and retail investors in select stocks amid firm Asian cues.
At 12.00 noon, the 30-share BSE index Sensex was up 56.97 points (0.31 per cent) at 18,369.91 and the 50-share NSE index Nifty was up 23.6 points (0.44 per cent) at 5,432.05.
Among BSE sectoral indices, consumer durables index rallied by 2.61 per cent, followed by capital goods 1.24 per cent, auto 1.15 per cent and oil & gas 1.09 per cent.
On the other hand, metal and FMCG indices lost investors' support and were down 0.35 per cent and 0.31 per cent, respectively.
Among 30-share Sensex, BHEL, Jindal Steel, TCS, Tata Motors and M&M and ICICI Bank were the top five gainers, while the top five losers were Bharti Airtel, Sterlite, Hindalco, NTPC and Cipla.
Asian shares were up after economic data from Europe to US suggested that the global economy is improving.
Purchasing managers surveys showed better-than-expected growth in the euro zone, a Chinese manufacturing rebound and US manufacturing activity rising to a five-month high this month.
Also, the US Labour Department data showed new claims for jobless benefits held near a six-year low last week, adding to signs that the US jobs market is stabilising.
Nikkei surged 368.77 points or 2.76 per cent to 13,733.90, Hang Seng jumped 113.86 points or 0.52 per cent to 22,009.30 and S&P/ASX 200 gained 50.95 points or 1.00 per cent to 5,126.70.
No comments:
Post a Comment