Monday 16 February 2015

BPCL, HUL, Tata Motors push Nifty above 8,850

The market is trading higher on the back of buoyant buying across all the sectors ahead of WPI data.
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The market is trading higher on the back of buoyant buying across all the sectors ahead of WPI data.

The government will release Wholesale Price Index (WPI)-based inflation data today after 12 pm.

The BSE Sensex so far has jumped to a high of 29,325 and now, is up 201 points at 29,296. Similarly, the Nifty rose to a high of 8,86z and is now up 56 points at 8,862.

All the sectoral indices are trading on a positive note, except the CNX Pharma index.

Among Nifty-50 stocks, BPCL is the top gainer - up 2.9 per cent at Rs. 746 after petrol and diesel prices were hiked.

Hindustan Unilever (HUL) has jumped 2.7 per cent at Rs. 917. Tata Motors has surged 2.4 per cent at Rs. 579.

Bharti Airtel has advanced over 2 per cent at Rs. 363. Tata Steel and Mahindra & Mahindra have added almost 2 per cent each at Rs. 374 and Rs. 1,216, respectively.

On the other hand, Sun Pharma is the top loser - down 1.3 per cent at Rs. 928. Larsen & Toubro and Lupin have dropped 0.7 per cent to Rs. 1,695 and Rs. 668, respectively.

BHEL, Hero MotoCorp, Zee Entertainment and IndusInd Bank are some of the notable losers.

The market breadth is positive in the morning deals. Out of 1,693 stocks have traded on the NSE - 869 stocks have advanced, while 524 stocks have declined.

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