Nifty hovers around 10,800 mark; Adani Power jumps 9%

The stock market continued to trade higher on heavy buying in realty, auto, capital goods and oil & gas stocks. Benchmark indices are currently trading higher led by realty, auto, capital goods and oil & gas stocks. However, consumer durables, TECk, FMCG and healthcare succumbed to selling pressure. At 1:40 PM, BSE Sensex was trading at 35,733 up 158 points, while NSE Nifty was trading at 10,796 up 47 points. BSE Mid-cap Index was trading up 0.86%, while BSE Small-cap Index was trading higher by 0.94%. Welspun Enterprises stock gained 2% as company bagged a Rs2,000cr contract from the NHAI. Adhunik Metaliks Ltd. stock rallied 10% on the BSE in morning trade after the committee of creditors (CoC) of the company approved the bid by Liberty House UK for the maker of alloy and special construction steel. Tata Motors (+3.8%), Hero MotoCorp (+3.4%), HPCL (+3.3%), Bajaj Auto (+2.8%) and Hindalco (+2.3%) were the top gainers on NSE. Zee (-1.4%), Tech Mahindra (-1%), Wipro (-0.83%), Infratel (-0.65%) and GAIL (-0.59%) were the top losers on NSE. The India VIX was down 1.45% at 12.3925. Out of 2,064 stocks traded on the NSE, 544 declined, 1,091 advanced and 429 remained unchanged on Friday. A total of seven stocks registered a fresh 52-week high in trade, while 125 stocks touched a new 52-week low on the NSE.

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