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Sensex Rises 48 Points, Nifty Settles At 8,192; Oil & Gas Shares Outperform

NDTV Profit logo NDTV Profit 03-01-2017

3.35 p.m.: Sensex ended Tuesday's range-bound session 48 points higher as oil marketing companies rallied tracking gains in the crude oil. The Nifty50 index settled 12.75 points higher at 8,192.25.

Except IT and Auto stocks, most of the sectoral indices ended with gains today. The BSE Oil & Gas sub-index surged 2 per cent led by gains in IOC, BPCL, HPCL and Petronet LNG, which surged between 2-6 per cent.

Meanwhile, ITC jumped 1 per cent leading to 0.74 per cent gain in the FMCG sub-index of NSE.

Among the Nifty stocks, Power Grid was the top gainer with 2.4 per cent gains followed by Bhel, Coal India, Axis Bank, Yes Bank. Bharti Airtel was the top loser in Nifty, down 2.11 per cent. Idea Cellular, Hero MotoCorp, Bosch, Ultratech Cement were the other prominent losers in the index.

Midcap and smallcap shares also outperformed the broader indices. The BSE Midcap and the Smallcap index gained 0.61 and 1.03 per cent respectively.

2.40 p.m.: Markets extended gains amid buying in FMCG, energy and metal shares. The Sensex was up 118 points at 26,713 and the Nifty traded 35 points higher at 8,214.75. Power Grid was the top gainer in Nifty, up 2.42 per cent followed by BHEL and BPCL, which were up over 2 per cent each.

2:13 p.m.: The broader markets outperform the benchmark indices. The BSE mid-cap index was up 0.5 per cent and the small-cap index jumped 0.93 per cent. Emami was the top gainer from this space, up 4.7 per cent at Rs 1,015. Sun TV, HPCL, Bharat Electronics, MRPL, Torrent Pharma, Petronet LNG and Bajaj Finserv were also among the gainers.

1:53 p.m.: Stock markets were trading in a narrow range. The Sensex jumped 72 points to 26,667 and Nifty advanced 22 points to 8,201. Meanwhile, oil & gas shares were witnessing good buying interest; the BSE Oil & Gas index was up 2 per cent on the back of gains in Indian Oil, HPCL, Bharat Petroleum, Reliance Industries, Petronet LNG and GAIL India.

1:24 p.m.: Stock markets edged lower in afternoon deals on the back of selling pressure in auto and technology shares. The Sensex declined 17 points to 26,578 and Nifty was trading below its crucial psychological level of 8,200. Meanwhile, banking shares which were witnessing a mild buying interest also turned flat with Bank of Baroda, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, State Bank of India and Federal Bank among the laggards.

11.20 a.m.: The NSE benchmark Nifty regained 8,200 mark as banking, energy and FMCG stocks extend gains. The Sensex was up 83 points at 26,678.

BHEL surged 3 per cent to Rs 126.10 to be the top gainer in Nifty. Power Grid, BPCL, Yes Bank, ITC were the other prominent gainers in the Nifty rising between 1.8-2.3 per cent.

Meanwhile, Infosy was the top loser in Nifty, down 1.5 per cent followed by Idea Cellular, Hero MotoCorp and Mahindra & Mahindra.

10.40 a.m.: Markets turn flat as gains in banks and energy shares were offset by losses in IT stocks. The Sensex was up 11 points at 26,606 and the Nifty was up 9 points at 8,188. The IT sub-index of NSE was down 0.46 per cent led by Infosys, which was down 1.5 per cent. It was the top loser in Nifty. TCS, Wipro were the other big losers in the IT sub-index.

Meanwhile, the energy and banking sub-index of NSE were up 1.09 per cent and 0.13 per cent respectively.

10.00 a.m.: Sensex was off day's low as banking shares pared losses. It was down 41 points at 26,555.

Meanwhile the Nifty traded 7 points lower at 8,172.6. The Nifty Bank sub-index was up 0.16 per cent. Meanwhile, buying in energy, pharma and metal stocks also helped benchmark indices in paring losses.

Among the Nifty Stocks, Yes Bank was the top gainer, up 2.03 per cent followed by Power Grid, BHEL, IndusInd Bank and BPCL, which were up between 1-2 per cent each.

9.20 a.m.: Indian shares edged lower after opening marginally higher on Tuesday. The Sensex was down 71 points at 26,524.42 and the Nifty traded 22 points lower at 8,157 as auto stocks came under selling pressure. Hero MotoCorp, Bajaj Auto, Mahindra & Mahindra were among the top five losers in Nifty, down 0.6-1.4 per cent.

Meanwhile, banking shares also extended losses to the second straight day after many banks cut their benchmark lending rates. Bank of Baroda, Axis Bank, ICICI Bank, SBI were down between 0.65-1.4 per cent each. The banking sub-index of NSE, Nifty Bank was down 0.67 per cent.

9.02 a.m.: Rupee opens higher at 68.13 per dollar against Monday's close of 68.22. 8.50 a.m.: Asian stocks extended gains on Tuesday after European shares surged to their highest in a year yesterday. Markets were buoyed by signs of solid factory growth in China and Europe, giving the global manufacturing sector a solid boost heading into the new year.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent as most regional markets reopened after the New Year holiday. It ended 2016 with a 3.7 per cent gain, its best year in four.

Japan was closed for an extended New Year holiday.

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