Market Commentary - Mid-Session
The key equity barometers traded with healthy gains in morning trades. Nifty moved in a range of 23705-23483. Nifty FMCG, Nifty Realty and Nifty Financial Services shares advanced, while Nifty Pharma and Nifty Metal shares declined.
NIFTY had surged 1.68% in last session and jumped 3.92% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, increased by 813.28 points or 1.07% to 76,506.06. The Nifty 50 index rose 253.65 points or 1.08% to 23,694.45.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index added 0.75% and the BSE 250 SmallCap Index moved higher by 0.63%.
The market breadth was well-supported. On the BSE, 3166 shares gained and 1723 shares fell. A total of 249 shares were unchanged.
Nifty FMCG index rallied 2.20% to 44944. The index has edged lower 1.36% in last one month and plunged 21.69% over last one year. Marico, rising 7.75%, led the gainers followed by Radico Khaitan, edging up 4.17% and Godfrey Phillips, gaining 3.41%, respectively. All 15 constituents are advancing today.
Nifty Realty index advanced 2.07% to 839. The index has posted modest losses of 2.08% in last one month and slumped 15.11% over last one year. Lodha Developers, strengthening 6.58%, led the gainers followed by Prestige Estates, up 3.54% and Oberoi Realty, inching higher 2.73%, respectively. Out of 10 index constituents, 9 are reporting gains today.
Nifty Pharma index lost 0.27%. The index has edged up 3.78% in last one month and soared 20.77% over last one year. Laurus Labs, down 3.66%, led the losers followed by Biocon, losing 3% and Ajanta Pharma, slipping 1.96%, respectively. Out of 20 index constituents, 12 are reporting loss today.
Asian markets posted modest losses on Tuesday. China’s Shanghai composite is lower by 0.94%, Hong Kong’s Hang Seng is modestly higher by 0.25%. Japan’s Nikkei 225 is marginally lower by 0.33%.
In Europe, German DAX edged lower 0.68%, UK’s FTSE 100 inched higher 0.29% and French CAC ticked up 0.98%.
In Commodities, MCX Gold drifted lower by 0.95% to trade at Rs 1,40,231 per 10 grams. MCX Crude oil soared 2.68% to trade at Rs 9,043 per barrel. MCX Copper shed 1.96% to trade at Rs 1,392.80 per kg.