Textile stocks and Gems & Jewellery stocks reacted positively to the GST rates in the morning hour on Monday. Titan is the top gainer in Jewellery stocks. It is trading higher by around 11% at Rs 525 per share. PC Jewellers is trading higher by 8.09% at Rs 543.75 per share.Bombay Dyeing is the top gainer in textile stocks. It is trading higher by close to 6% at Rs 74.15 per share.
There were 994 advances, 522 declines and 439 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
At 10 AM, the S&P BSE Sensex is trading at 31268 down 4 points, while NSE Nifty is trading at 9659 up 5 points. A total of 57 stocks registered a fresh 52-week high in trade today, while 22 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.51% at 14877, whereas BSE Small-cap Index is trading up 0.7% at 15417.
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while FMCG is showing weakness on BSE.
Bajaj Auto, Indiabulls Housing Finance, Bharti Infratel, BPCL and Yes Bank are among the gainers, whereas Lupin, Coal India, Wipro, Infosys, HDFC Bank are losing sheen on NSE in the first trading hour.
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