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Realty shares in demand

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Strong buying support propelled key benchmark indices to fresh intraday high in mid-afternoon trade. At 14:25 IST, the barometer index, the Sensex, was up 366.85 points or 1.05% at 35,404.49. The index was up 117.70 points or 1.11% at 10,706.80. Realty shares were in demand. Most auto stocks rose.

The market opened higher and firmed up further as the session advanced. After some range bound trading in mid-morning trade, benchmarks extended gains and hit fresh intraday high in mid-afternoon trade.

Among secondary barometers, the Mid-Cap index was up 1.63%. The Small-Cap index was up 1.68%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1756 shares rose and 727 shares fell. A total of 136 shares were unchanged.

Most auto stocks rose. Escorts (up 4.15%), (up 2.61%), (up 1.48%), (up 1.33%), (up 1.02%) and (up 0.97%), edged higher. (up (down 0.64%), (up (down 1.04%) and & (up (down 1.21%), edged lower.

Realty shares were in demand. (HDIL) (up 4.77%), (up 4.53%), (up 3.66%), Unitech (up 3.19%), (up 2.72%), (up 2.67%), Estate (up 2.38%), (up 2.11%), (up 1.88%), (up 1.56%), (up 0.83%), Anant Raj (up 0.78%), Omaxe (up 0.71%), (up 0.68%) and Lifespace Developers (up 0.25%), edged higher. Sobha was down 1.57%.

Overseas, European stocks were trading higher, although underlying sentiment was fragile due to ongoing global trade frictions. Market focus is largely attuned to concerns over global trade, a week before initial US and Chinese tariffs are due to take effect.

Asian stocks were trading higher. Japan's industrial production decreased in May following three consecutive months of improvement, government data showed Friday. Industrial output fell 0.2% in May from a month earlier, following April's 0.5% gain, according to the Ministry of Economy,

US stocks recovered from earlier declines on Thursday to finish the session higher on the back of gains in banks and

The growth in the US economy in the first quarter was trimmed to 2% from 2.2%. Meanwhile, weekly jobless claims rose by 9,000 in the latest week.

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

First Published: Fri, June 29 2018. 14:26 IST
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