Market trades firm amidst volatility
Market trades firm amidst volatility The BSE benchmark index, Sensex witnessed some volatile movements in the previous trading hour. The index continues to trade on a firm note. Select stocks from banking, auto, pharma and metal gained ground, while IT stock led the declines.
The BSE Midcap rose 1.14% and Smallcap rose 0.60%.
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Out of total 2,817 stocks traded at the BSE : 1,362 advanced, 1,393 declined while 62 remained unchanged.
Amongst sectoral indices : BSE Auto rose 0.81%, BSE Bankex rose 1.95% and BSE Metal inched up 3.53%, BSE Realty rose 1.15%, while BSE IT dipped 0.34%.
Key gainers at the Sensex include : Tata Steel which soared 7.88% to touch Rs 857.25, followed by Reliance Energy which surged 6.20% to Rs 1,186.55 and Hindalco increased 4.94% to Rs 172.20.
Ranbaxy, ICICI Bank, SBI, Grasim, ITC and Cipla also moved up.
Laggards at the BSE were : Bharti Airtel which declined 2.11% to Rs 940.10, L&T decreased 1.03% to Rs 2807.90 and M&M dipped 0.96% to Rs 745.00.
ONGC, Ambuja Cement, TCS, Reliance Industries, Wipro and Infosys also slipped.
