Sensex jumps 322 pts; IT shares in demand

The key equity benchmarks traded with modest cuts in morning trade. The Nifty traded above the 23,050 mark. IT shares advanced after declining in the past two trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex jumped 322.39 points or 0.44% to 74,171.64. The Nifty 50 index added 210.95 points or 0.92% to 23,099.90.

In the broader market, the BSE 150 MidCap Index declined 0.88% and the BSE 250 SmallCap Index fell 1.25%.

The market breadth was weak. On the BSE, 1,108 shares rose and 2,736 shares fell. A total of 241 shares were unchanged.

New Listing:

HD Fire Protect were currently trading at Rs 302.10 at 10:25 IST on the BSE, representing a premium of 11.20% as compared with the issue price of Rs 271.

The stock debuted at Rs 334.40 on the BSE, a premium of 23.39% over its issue price.

So far, the stock has hit a high of Rs 338 and a low of Rs 301. On the BSE, over 21.31 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty IT index rose 2.01% to 32,150.25. The index fell 1.28% in the past trading session.

Wipro (up 3.72%), Infosys (up 3.1%), Mphasis (up 2.29%), Tech Mahindra (up 2.24%), Tata Consultancy Services (up 2.08%), HCL Technologies (up 1.85%), Persistent Systems (up 1.34%), LTM (up 1.02%), Coforge (up 0.94%) and Oracle Financial Services Software (up 0.88%) rose.

Powered by Capital Market - Live News