MUMBAI: The market remained rangebound in afternoon trade. Short covering was witnessed particularly in realty and metal counters ahead of the F&O expiry. Inflation data did not offer any negative surprises which helped maintain the upbeat sentiment.
The wholesale price index rose 0.61 percent in the 12 months to May 16, matching the previous week's annual rise, government data showed.
At 12:30 pm, BSE Sensex was trading at 14,272.59, higher by 1.15 per cent or 162.95 points. The index touched a high of 14,308.47 and low of 14,078.62. National Stock Exchange’s Nifty climbed 1.09 per cent or 46.65 points to 4322.70. The index touched a high of 4330.40 and low of 4254.85 in trade so far.
Secondline stocks were trading higher as well. BSE Midcap Index climbed 0.28 per cent and BSE Smallcap Index rose 0.14 per cent. Sectorwise, BSE Capital Goods advanced 1.89 per cent, followed by BSE Metals up 1.38 per cent and BSE Oil & Gas up 1.33 per cent. Biggest Sensex gainers comprised Mahindra & Mahindra (4.29%), Bharti Airtel (3.26%), Larsen & Toubro (3.19%), ACC (2.39%) and Reliance Industries (2.16%). Tata Motors (-3.36%), Reliance Infrastructure (-2.5%), Hindalco Industries (-0.86%) and Jaiprakash Associates (-0.39%) were the losers. Market breadth on BSE showed 1613 advanced against 930 declines.
(Source : ET)
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