Mid-Session: Sensex, Nifty edge higher in lackluster trade; IT, CDS stocks support : 10/02/2017 12:31

Mid-Session: Sensex, Nifty edge higher in lackluster trade; IT, CDS stocks support : 10/02/2017 12:31
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The key domestic benchmark continued to trade in positive terrain, tracking firm cues from fellow Asian peers, as investors remained focused to industrial production data and earnings report of country’s largest lender State Bank of India. The market saw profit booking across frontline blue-chip such as ITC, ICICI Bank, Tata Motors, Sun Pharma, M&M Gail, Lupin, Asian Paints, and Cipla.

At 12:15 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was 28365.49, up by 35.79 points or by 0.13 per cent, and the NSE Nifty was at 8796.95, up by 18.55 points or by 0.21 per cent.

In the day’s trade so far, the BSE Sensex touched intraday high of 28456.18 and intraday low of 28319.47, while the NSE Nifty touched intraday high of 8822.1 and intraday low of 8781.35.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 311.25,+2.23%), State Bank of India (Rs. 280.05,+1.52%), Axis Bank Ltd. (Rs. 489.80,+1.00%), NTPC Ltd. (Rs. 170.00,+0.98%), Tata Consultancy Services Ltd. (Rs. 2345.60,+0.92%), among others.

On the flip side, Lupin Ltd. (Rs. 1477.95,-1.16%), ITC Ltd. (Rs. 274.40,-1.08%), Cipla Ltd. (Rs. 581.20,-0.99%), GAIL (India) Ltd. (Rs. 486.50,-0.81%), Asian Paints Ltd. (Rs. 996.50,-0.58%), were among top losers on BSE.

On the sectoral front, IT and consumer durables stocks were among top gainers, adding as much as 0.71 per cent and 0.65 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2805, shares advanced were 1420 while 1197 shares declined and 188 were unchanged.