Wednesday 12 December 2018

D-Street Buzz: Nifty Auto jumps 3% led by Hero Moto, Tata Motors; HDIL zooms 14%


The Indian benchmark indices have extended the morning gains in this afternoon session with the Nifty50 jumping 114 points, trading at 10,663 while the Sensex was up 375 points and is trading at 35,525.

Nifty Auto was the outperforming sector which jumped over 3 percent led by Hero MotoCorp, Tata Motors, Tata Motors DVR, Mahindra & Mahindra, Exide Industries, Bajaj Auto, Eicher Motors, Ashok Leyland and Motherson Sumi Systems.

Nifty Realty continued to show handsome gains up over 2 percent led by stocks like Indiabulls Real Estate which spiked close to 10 percent followed by Godrej Properties, Prestige Estates, Brigade Enterprises, DLF, Phoenix Mills and Oberoi Realty.

Metal stocks were also shining led by Hindustan Copper, Hindalco Industries, Tata Steel, SAIL, NMDC, NALCO and Jindal Steel & Power.

From the BSE midcap space, the top gainers included AB Fashion followed by 3M India and Bank of India while the top losers were Kansai Nerolac, Godrej Industries and Container Corporation of India.

The top BSE smallcap gainers were Godawari Power which zoomed 17 percent followed by Tata Steel Bsl and HDIL while the top losers were Ashapura Intimates and Rolta India.

The top gainer from NSE include Indiabulls Housing Finance, YES Bank, Hero Moto, Tata Motors and Tata Steel while the top losers included HPCL, Dr Reddy's Labs and Titan Company.

The most active stocks were Reliance Industries, YES Bank, Indiabulls Housing, Sun Pharma and Kotak Mahindra Bank.

Aavas Financiers, Sakuma Exports and Tube Investments of India have hit new 52-week high on NSE in this morning session.

28 stocks have hit new 52-week low including names like ABG Shipyard, IL&FS Transportation Networks, Punj Lloyd and Rolta India among others.

The breadth of the market favoured the advances with 1395 stocks advancing and 262 declining while 402 remained unchanged. On the BSE, 1730 stocks advanced, 546 declined and 115 remained unchanged.

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Source: Moneycontrol

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