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BREAKING NEWS

Easing crude prices lift Indian equity indices (Lead)

28 May 2018
Mumbai May 28 (IANS) The key Indian equity indices traded in the positive territory on Monday afternoon due to the fall in global crude oil prices.
According to market analysts heavy buying was observed in the capital goods oil and gas and banking stocks.
However heavy selling pressure on the IT Teck (technology entertainment and media) and consumer durables stocks limited the gains on the indices.
At 12.29 p.m. the wider 50-scrip Nifty of the National Stock Exchange (NSE) traded at 10 687.55 points -- up 82.40 points or 0.78 per cent -- from the previous close of 10 605.15 points.
Similarly the 30-scrip Sensitive Index (Sensex) of the BSE which had opened at 35 074.32 points traded at 35 178.33 points (at 12.31 p.m.) higher by 253.46 points or 0.73 per cent from the previous close at 34 924.87 points.
The Sensex has so far touched a high of 35 174.43 points and a low of 35 006.50 points in the trade so far. The BSE market breadth was bullish with 1 728 advances so far against 731 declines.
The major gainers on the BSE were Sun Pharma Coal India Larsen and Toubro Asian Paints and Maruti Suzuki while Tata Consultancy Services (TCS) Infosys Bharti Airtel Mahindra and Mahindra and Adani Ports were the major losers.
On the NSE the top gainers were Sun Pharma Hindustan Petroleum and BPCL. The major losers were Tech Mahindra HCL Technologies and TCS.

--IANS rrb/in