Mumbai, India (BBN) – The Nifty and the Sensex were trading higher owing to positive global cues.
At 10:20am, the 30-share BSE index Sensex was up 105.96 points or 0.4 per cent at 26,455.06 and the 50-share NSE index Nifty was up 33.45 points or 0.41 per cent at 8,162.20, reports The Hindu Business Line.
All the broader and sectoral indices were trading flat to positive. Volatility was down 3.6 per cent with the India Vix ruling at 17.2875.
Among BSE sectoral indices, realty index gained the most by 1.44 per cent, oil & gas 1.11 per cent, power 1.02 per cent and IT 0.87 per cent. On the other hand, FMCG index was down 0.56 per cent, banking 0.11 per cent and consumer durables 0.1 per cent.
Top five Sensex gainers were GAIL (+1.94%), HDFC (+1.76%), NTPC (+1.33%), Infosys (+1.27%) and Wipro (+1.2%), while the major losers were ITC (-0.82%), Axis Bank (-0.81%), Asian Paints (-0.79%), HUL (-0.72%) and ICICI Bank (-0.19%).
A report by SMC Global said: “Asian stocks joined the global relief rally, as investors switched their focus back to the outlook for US monetary policy following the defeat of Italy’s constitutional referendum. US equities closed higher on Monday, unfazed by a key vote in Italy which led to Prime Minister Matteo Renzi’s resignation, as financials, technology and consumer discretionary stocks rose around 1 per cent. Labour cash earnings in Japan added just 0.1 per cent on year in October, government data revealed. That was shy of expectations for an increase of 0.2 per cent following the downwardly revised flat reading in September (originally 0.2 per cent). Real cash earnings were flat on an annual basis – again missing expectations for an increase of 0.2 per cent following the downwardly revised 0.8 per cent gain in the previous month (originally 0.9 per cent).”
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