Mid-Session: Sensex, Nifty edge higher; Jewellery stocks shine on Dhanteras:28/10/2016 12:33

NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The key domestic benchmark indices rebounded in late morning deal on Friday, led by strong gain across metal and auto stocks, on short covering after sell-off in previous sessions. Tata Group stocks rebounded as investors shrugged-off Tata-Mistry issue, while Gems and jewellery stocks shined amid festive buying on Dhanteras.

At 12:20 hours, the 30-share benchmark index was trading at 27958.36, up by 42.46 points or by 0.15 per cent, and the NSE Nifty was at 8638.35, up by 23.1 points or by 0.27per cent.

In the day’s trade so-far, Sensex touched an intraday high of 27991.74 and intraday low of 27789.84, while the NSE Nifty touched intraday high of 8649.4 and intraday low of 8581.75.

The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 325.65,+2.73%), Tata Motors Ltd. (Rs. 535.30,+2.58%), Dr. Reddy's Laboratories Ltd. (Rs. 3391.60,+2.19%), Hero MotoCorp Ltd. (Rs. 3367.95,+1.60%), Tata Steel Ltd. (Rs. 402.85,+1.45%), among others.

Meanwhile, ICICI Bank Ltd. (Rs. 278.85,-1.80%), Cipla Ltd. (Rs. 576.85,-1.33%), GAIL (India) Ltd. (Rs. 431.00,-0.95%), Bharti Airtel Ltd. (Rs. 320.10,-0.91%), ITC Ltd. (Rs. 241.75,-0.64%), were among top losers on BSE.

On the sectoral front, metal and auto stocks were leading the gain, rising as much as 1.91 per cent and 1.2 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2674, shares advanced were 1605 while 825 shares declined and 244 were unchanged.