Stock markets continued to trade higher on Thursday powered by a rally in IT stocks and firm trends in the US equities after the Federal Reserve maintained its rate cut projections for this year.
At 10:30 hours, the 30-share benchmark index was trading at 75920.42 up by 471.37 points or by 0.62 % and then NSE Nifty was at 23024.15 up by 116.55 points or by 0.51 %.
Sensex touched intraday high of 76013.82 and intraday low of 75684.58 The NSE Nifty touched intraday high of 23071.1 and intraday low of 22973.95
The top gainers of the BSE Sensex pack were Titan Company Ltd. (Rs. 3148.00,+2.36%), Bharti Airtel Ltd. (Rs. 1672.00,+2.16%), Tata Consultancy Services Ltd. (Rs. 3561.40,+1.84%), HCL Technologies Ltd. (Rs. 1570.00,+1.72%), Infosys Ltd. (Rs. 1610.15,+1.49%), among others.
The top losers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 8626.00,-1.27%), Bajaj Finserv Ltd. (Rs. 1831.00,-0.58%), Larsen & Toubro Ltd. (Rs. 3299.65,-0.58%), UltraTech Cement Ltd. (Rs. 10899.45,-0.32%), Tata Steel Ltd. (Rs. 158.10,-0.28%), among others.
TECk index was at 17249.24 up by 274.12 points or by 1.61%. Zee Entertainment Enterprises Ltd. (Rs. 103.93,+3.72%), Tata Communications Ltd. (Rs. 1598.00,+2.35%), Bharti Airtel Ltd. (Rs. 1672.00,+2.16%), MphasiS Ltd. (Rs. 2332.85,+1.99%), Tata Consultancy Services Ltd. (Rs. 3561.40,+1.84%),.
CGS index was at 60616.22 down by -151.82 points or by -0.25%. Finolex Cables Ltd. (Rs. 834.00,-3.97%), ABB India Ltd. (Rs. 5384.90,-1.64%), Cummins India Ltd. (Rs. 2955.00,-1.53%), Elgi Equipments Ltd. (Rs. 500.35,-1.44%), Siemens Ltd. (Rs. 5154.00,-1.31%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3891 , shares advanced were 2453 while 1244 shares declined and 194 were unchanged.