Indian stock market continued to consolidate in morning ahead of expiry of November derivative contracts on Thursday.
Indices were trading flat on the back of fresh gains in blue-chips like Reliance Industries, ITC and L&T. Also, ahead of the expiry of the current derivatives series on Thursday and GDP date later this week.
The BSE MidCap Index rose 0.26% and the BSE SMallCap Index advanced 0.60%.
Bosch, Coal India, Aurobindo Pharma, GAIL and Sun Pharma gained the most on Nifty50, while Axis Bank, HDFC, UPL, Tech Mahindra and Yes Bank were the top losers.
Some buying was seen in realty, pharma, auto, media, metal and PSU bank sectors, while private banking, IT and financial services sectors showed weakness on the NSE.India VIX slipped by 1.40% at 12.96 level.
Out of 1,983 stocks traded on the NSE, 1,011 advanced, 596 declined, and 376 remained unchanged today.
A total of 92 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.
News Highlights:
Nifty Realty Index gains 2%. Prestige, Sobha (+8%), HDIL, Godrej Prop, Oberoi Realty (+2%).
Coal India is considering hiking salary of its executives, which may cost the company about Rs 800 Cr, as per media reports. Stock rises 2.5%.
RCom enters into binding Share Purchase Agreement with Pantel Technologies to sell 100% of DTH business. Stock up 1%.
Technofab Engineering received order in the domestic water sector worth Rs 281 Cr. Stock hits 20% upper circuit.
GNA Axles stock slips 4% after 10 lakh shares or 5% equity change hands at Rs 390.35-395.30/sh on the BSE.
Action Construction Equipment stock falls 7% after 45.2 lakh shares or 3.8% equity change hands at between Rs 134.35-139.5/sh on the NSE.
Alkem Labs stock rallied 4% on US FDA nod for Capecitabine tablets.
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