Sensex up over 500 points, Nifty over 17,600; Divi Labs, NTPC Best Recipients

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Sensex up over 500 points, Nifty over 17,600;  Divi Labs, NTPC Best Recipients

NTPC Rs. 15,000 crore, an increase of 3.7 per cent

Domestic markets traded strong on Monday afternoon, however, except for the peak of the day, thanks to buying interest everywhere. At 1:10 pm, the BSE Sensex was up 59,289.50, 544.55 points, or 0.92 per cent, while the NSE Nifty was up 156.90 points, or 0.91 per cent, at 17,688.23. All BSE sectoral indices, except the consumer goods sector, trade in green.

As the BSE midcap index is up 0.3 percent and the BSE smallcap index is up 1.3 percent, broader markets are performing better than their Larcocap counterparts.

Globally, European markets are somewhat open in red and Asian markets are trading mixed.

At the Interbank Foreign Exchange (Forex) market, the rupee depreciated by 5 paise to 74.17 against the US dollar in early trade. In interbank foreign exchange, the rupee started at 74.16 against the dollar and then fell to 74.17.

Among private equity, Divin Labs shares rose 10 per cent to an intraday high of Rs. 5,313.80. Those at risk of severe Govt-19 infection. Divi’s labs make the main ingredient of the drug.

NTPC rose 3.7 percent to Rs 145.10, following Bloomberg’s announcement that Power Major plans to raise Rs 15,000 crore by splitting the initial public offering and joint venture into three units.

Other notable gains on the BSE pack include Bajaj Finserve, Bajaj Finance and Tata Motors.

On the upside, Bajaj Auto, Titan, Hindustan Unilever and Nestle India each lost half a per cent on the BSE.

The overall market width is very positive; There are 2,348 uptrending stocks from 898 declines.

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