Wednesday, 18 January 2017

Market maintain early gains; Fertilisers and Paper stocks soar

Nifty Metal touched a high at 3005.60 level gaining 2.33%. All the stocks from Nifty Metal are advancing with Hindustan Zinc Limited leading the pack. Hindustan Zinc Limited touched a new 52 week high of Rs 296.40 per share, up by Rs 11.45 per share or 4.02%.
 
At 12:45 PM, the S&P BSE Sensex is trading at 27312.95 up 77.29 points, while NSE NIFTY is trading at 8427.35 up 29.35 points. A total of 41 stocks registered a fresh 52-week high in trade today, while 4 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.51% at 12737.3, whereas BSE Small-cap Index is trading up 0.64% at 12887.03.
 
BSE Mid-cap and BSE Small-cap are outperforming major indices.
 
All sectors are trading in green on NSE except Realty at lunch hour.
 
Hindustan Unilever Limited, Tata Steel, BHEL and Grasim are among the gainers, whereas Bharti Airtel, Dr Reddy, BPCL, GAIL and NTPC are losing sheen on NSE.
 
The INDIA VIX is up 0.65% at 15.16.
 
Following are the buzzing stocks at lunch hour on Wednesday.
 
Paper stocks are gaining on Wednesday’s trading session. JK PAPER is trading up by 3.69%. KAUNTAM PAPER is trading up by 3.35%. RAINBOW PAPERS gained by 9.46%.
 
VEDANTA LIMITED is shining in Metal sector. The stock touched a high of Rs 246.20 per share gaining Rs 10.1 per share or 4.2%.

 HINDUSTHAN ZINC LIMITED opened at Rs 293 per share gaining Rs 8.05 per share or 2.83%. The stock touched new 52 week high of Rs 296.40 per share, gaining Rs 11.45 per share or 4.02%.
 
EXCIDE INDUSTRIES LIMITED is leading the pack of Nifty Auto. The stock touched the high of Rs 188.40 per share up by Rs 5.65 per share or 3.09%.
 Tata Elxsi is leading the pack of Nifty IT. The stock touched the high of Rs 1519.65 per share gaining Rs 96.55 per share or 6.78%.

TRANSFORMERS AND RECTIFIERS  LIMITED is up by 18.7%.
 
ANDHRA CEMENT is up by 8%. Pokarna is up by 9%.

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