The BSE Telecom is the top gaining index in the morning session on Thursday. It is up by 1.3% at 1316.32. Bharti Airtel is contributing majorly to the index gains and pulling it to higher levels.Bharti Airtel is trading higher by 1.4% at Rs 382.85 per share.
Other stocks in the index viz. Reliance Communications is up by 3.1 % at Rs 21.50 per share, ITI is up by 3.3% at Rs 21.45 per share, Aksh Optifibre is up by 2.6% at Rs 17.45 per share, GTL Infrastructure is up by 2.5% at Rs 4.87 per share, OnMobile Global is up by 1.6% at Rs 69.35 per share and Vidhya Telelinks is also trading higher by 2.0% at Rs 768.00 per share.
Eris Lifesciences settles at Rs 611 per share in pre-open on NSE as against issue price of Rs 603 per share on its debut.
Godrej Industries Ltd proposes to sell shares of its group company Godrej Agrovet to raise up to Rs 400 crore through the initial public offer (IPO). Godrej Agrovet is involved in agri-inputs, animal feeds, dairy and poultry and palm oil manufacturing.
At 10 AM, the S&P BSE Sensex is trading at 31,064 up 223 points, while NSE Nifty is trading at 9561up 70 points. A total of 20 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 0.85% at 14,626, while BSE Small-cap Index is trading up 1.26% at 15,352.
Sectoral indices in BSE are trading in positive sentiments on Thursday’s intraday trade, wherein Metal, Capital goods and Bankex are the major gainers on Thursday’s trade.
Axis Bank, ACC & Tata Steel are among the gainers whereas Sun Pharmaceuticals Industries, NTPC & Wipro are losing on the NSE.
The INDIA VIX is down 4.6% at 11.4.
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