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The key equity barometers traded with limited gains in morning trades. Nifty moved in a range of 24703-24388. Nifty Private Bank, Nifty Consumer Durables and Nifty Pharma shares rose, while Nifty Realty and Nifty Chemicals shares declined.
NIFTY posted strong gains of 2.40% in last session and recorded robust gains of 8.78% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, increased by 649.34 points or 0.82% to 79,959.35. The Nifty 50 index moved higher by 69.55 points or 0.28% to 24,606.15.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index decreased by 1.27% and the BSE 250 SmallCap Index slumped 1.68%.
The market breadth was unfavorable. On the BSE, 1622 shares gained and 3206 shares retreated. A total of 259 shares were unchanged.
Nifty Private Bank index posted modest gains of 0.77% to 28802. The index has advanced 6.98% in last one month and moved higher by 2.77% over last one year. ICICI Bank, up 2.04%, led the gainers followed by HDFC Bank, gaining 1.87% and Kotak Mah. Bank, edging up 1.23%, respectively. Out of 10 index constituents, 5 are reporting gains today.
Nifty Consumer Durables index added 0.62% to 37600. The index has moved higher by 2.45% in last one month and inched down 1.38% over last one year. Kalyan Jewellers, adding 3.88%, led the gainers followed by Crompton Gr. Con, inching higher 2.68% and Titan Company, inching higher 2.68%, respectively. Out of 14 index constituents, 4 are reporting gains today.
Nifty Realty index declined 2.32%. The index has risen 6.69% in last one month and edged lower by 5.36% over last one year. Anant Raj, falling 5.23%, led the losers followed by Godrej Propert., losing 3.51% and Brigade Enterpr., slipping 3.34%, respectively. All 10 index constituents are reporting losses today.
Asian markets plunged on Friday. China’s Shanghai composite is trading lower by 1.12%, Hong Kong’s Hang Seng is lower by 1.17%. Japan’s Nikkei 225 is significantly lower by 5.96%.
In Europe, German DAX edged lower 0.17%, UK’s FTSE 100 eased 0.43% and French CAC edged up 0.34%.
In Commodities, MCX Gold fell 1.46% to trade at Rs 1,44,060 per 10 grams. MCX Crude oil edged higher by 0.90% to trade at Rs 8,568 per barrel. MCX Copper lost 1.52% to trade at Rs 1,352.40 per kg.
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