You are here: Home » News-CM » Equities » Market Report
Business Standard

Nifty trades above 15,700; breadth strong

Capital Market 

Equity indices extended early gains and hit fresh intraday high in morning trade. The Nifty scaled the 15,700 mark and traded higher. All the sectoral indices on the NSE were in the green. Upbeat Asian stocks boosted sentiment.

At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 218.25 points or 0.42% at 52,159.16. The Nifty 50 index gained 76.20 points or 0.49% at 15,711.10.

In the broader market, the S&P BSE Mid-Cap index was up 0.88% while the S&P BSE Small-Cap index was up 1.55%.

The market breadth was robust. On the BSE, 2254 shares rose and 560 shares fell. A total of 109 shares were unchanged.

COVID-19 Update:

Total COVID-19 confirmed cases worldwide stood at 174,326,389 with 3,755,587 global deaths.

India reported 11,67,952 active cases of COVID-19 infection and 359,676 deaths, according to the data from the Ministry of Health and Family Welfare, Government of India.

Results Today:

Century Plyboards (up 0.56%), GE T&D (up 0.79%), NHPC (up 1.32%), Ambika Cotton (up 0.25%), Cera Sanitaryware (up 0.98%), eClerx Services (up 2.81%), Mazagon Dock Shipbuilders (up 2.06%) and Tide Water Oil (up 2.3%) will announce their quarterly earnings today.

Buzzing Index:

The Nifty Pharma index gained 1.43% to 14,321.35 and was a top gainer on NSE Sectoral indices.

Divi's Laboratories (up 2.73%), Biocon (up 1.85%), Torrent Pharmaceuticals (up 1.71%), Cipla (up 1.55%), Lupin (up 1.22%), Sun Pharmaceutical Inds (up 1.09%) and Dr. Reddy's Lab (up 1.01%) advanced.

Stocks in Spotlight:

Affle (India) gained 1.85% to Rs 5,339 after the company through its subsidiaries announced that it has approved 100% acquisition of Jampp, a leading programmatic mobile marketing company.

The company will pay a total consideration of $41.3 million, (including the contingent incremental consideration of $15 million to be paid over a period of 3 years). The company will acquire 100% equity and Tech IP assets ownership. Affle further said the acquisition is strategic as it complements company's platforms, business & culture and offers a strategic market mix to achieve greater scale in LATAM, US and other global markets. It further strengthens company's CPCU business model, enabling ROI-driven app engagements for the advertisers globally.

TCI Express rose 0.82%. The company announced that its new sorting centre at Pune has become operational after receiving relevant regulatory approvals. The 1.5 lakh sq.ft. Pune sorting centre, optimally located at Chakan, will be having 50 loading docks and will augment the Company's service in the western region. This is a new milestone for the company and will offer clear advantage in terms of operational efficiency, service reliability, higher utilization and shorter turnaround time, along with business operations expansion.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 10 2021. 10:30 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU