After seeing a mildly higher opening, equity benchmarks gained strength in the first hour of trade, with the Sensex gaining over 100 points, while the Nifty managed to clock 10,800. Buying was visible among PSU banks; the Nifty PSU bank index was up over 1.5 percent, while gains were seen pharmaceuticals, infra, and FMCG names. The midcap index is up around half a percent.
Among stocks, Inox Wind fell 8 percent after its auditors decided to quit the firm. Sun Pharma has extended gains from Friday, while Sagar Cements is up over 6 percent on the back of good sales figures for May.
Read more--Stocks update
No comments:
Post a Comment