Live Stock Market Updates – Sensex at two-year high, Nifty holds morning gains, Logistics stocks sizzle

Sensex index surged past its two-year high to 29,583.45, up 0.7% or 194.37 points on Thursday’s trade.
 
Share of tech giant HCL Technologies jumped 3% as the company on Wednesday announced is going to consider buyback of its shares.
 
Logistics stocks are gaining ground as the GST Council is likely to endorse additional legislation for implementation of the GST on Thursday.
 
Transport and logistics stocks on the exchanges such as, TCI Express is up by 10.5%, Transport Corp is up by 7.1%, Chartered Logistics is up by 4.7%, Snowman Logistics is up by 3.3%, All Cargo is up by 2.6%, VRL Logistics is up by 2% and Arshiya is up by 2%.
 
At 1 PM, the S&P BSE Sensex is trading at 29536 up 137 points, while NSE Nifty is trading at 9137 up 52 points. A total of 70 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 1.1% at 13858, whereas BSE Small-cap Index is trading up 1% at 14001.
 
Some buying activity is seen in FMCG, Finance, Industrials, IT and Auto indices while, Telecom index is showing weakness on BSE.
 
Adani Ports, Tata Steel, HCT Tech, Hindalco, IndusInd Bank and Infosys are among the gainers, whereas Bharti Airtel, Reliance, HDFC Bank and Zeel are losing on the NSE.
 
The INDIA VIX is down 3% at 12.