Maximum gains are seen in banks, metals, pharmaceuticals, as well as auto names. Midcaps, too, are trading strong.Equity benchmarks have continued to maintain upward momentum, with the Nifty trading well above 11,400, while the Sensex is higher by around 200 points. A stronger rupee and a likely profit booking sentiment is weighing on tech stocks, with the Nifty IT index falling almost a percent.
However, other major sectors are trading in the green, with maximum gains seen in banks, metals, pharmaceuticals, as well as auto names. Midcaps, too, are trading strong and pushing indices higher. The Nifty Midcap index is up over a percent.
At 09:45 hrs IST, the Sensex is up 194.94 points or 0.52% at 37912.90, and the Nifty up 70.00 points or 0.62% at 11439.90. The market breadth is positive as 1,344 shares advanced, against a decline of 375 shares, while 90 shares were unchanged.
Power Grid, Yes Bank, Indiabulls Housing and HPCL are the top gainers, while Wipro, Infosys, Tech Mahindra and HCL Technologies are the top losers.
