Benchmark indices were trading higher led by banking, auto, IT, realty and financial services.

Benchmark indices extended their gains in afternoon trade, with the Nifty trading back above 10,200-levels driven by Reliance Industries, HDFC twins, Infosys, and ICICI Bank.

At 2:45 PM, the BSE Sensex was trading at 33,376, up 343 points, while the Nifty50 index was trading at 10,257, up 102points.

Inox Wind stock fell over 3%. The company has won 50MW in the Maharashtra State auctions. The bid was won at a fixed price of Rs2.86 per unit for 25 years.

KNR Constructions stock rallied 1.4% after the company has bagged its second Hybrid Annuity Project (HAM) with bid project cost of Rs482.04 crore from the National Highways Authority of India (NHAI).

On Nifty50, PSU Banking has surprisingly the highest gain with only two scrips in positive, namely SBI (+2%) and PNB (+0.1%). APL Apollo (-1.8%), Tata Steel (-1.4%) and Hindalco (-1.3%) have dragged the Metal Index down by 0.9%.

On BSE Sensex, PNB is the volume topper with a TTQ of 2,330,969 followed by Wipro, Yes Bank and Idea.

Reliance Industries alone contributed 42 points in the gain of 156 points on BSE Sensex, others being HDFC (33 points) and ICICI Bank (32 points).

The BSE MidCap Index gained 0.07% while the BSE SmallCap Index slipped 0.05%.

Uttam Sugar Mills has hit a fresh 52-week low as most of the sugar stocks fall over excessive supply in the market. Sugar production has increased by 42% over the last year.

Volatility index India VIX slipped 3.26% at 15.1875.

Bharti Infratel (+2.6%), M&M (+2.15%), SBI(+1.9%), Reliance Industries (+1.6%) and ICICI Bank (+1.3%) were top gainers on Nifty50.

Yes Bank(-2.4%), Sun Pharma (-1.7%), Tata Steel (-1.3%), Tata Motors(-1.3%) and Hindalco (-1.2%) were the top losers in today’s trade.

Out of 2,017 stocks traded on Nifty, 612 advanced, 1,077 declined and 328 remained unchanged.

A total of 9 stocks registered a fresh 52-week high in trade today, while 196 stocks touched a new 52-week low on the NSE.

source: indiainfoline.com