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Sensex, Nifty off day’s high; Banking, Realty stocks drag

Benchmark indices come off day’s high amid profit booking. Today’s gains were seen in index heavyweights such as Tata Consultancy Services, Housing Development Finance Corp and metal companies.

At 11:42 AM, the BSE Sensex was trading at 33,843, up 68 points, while the Nifty50 index was trading at 10,393, up 15 points.

Shares of information technology companies rose today, tracking the weakness in the rupee against the dollar. Shares of Tata Consultancy Services, Infosys, Wipro, HCL Technologies and Tech Mahindra were up 1-2%.

Shares of Vakrangee fell 5% today as New World Fund sold 1.06cr shares or 1% stake in the company at Rs253.27 a piece through a bulk deal on the NSE.

PNB fell for fifth consecutive session after 3 new arrests were made in the fraud case. Gitanjali Gems was locked at another 10% lower circuit, taking total loss to more than 56% in February so far.

Suven Life Sciences announced that the grant of one product patent from India and one product patent from South Korea corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases. Stock rose 1.5%.

Volatility index, India VIX down by 0.94% to 16.5100.

Vedanta (+1.8%), TCS (+1.3%), Infosys (+1.2%), Dr.Reddy’s (+1%) and Airtel (+1%) were the top gainers on Nifty50.

Aurobindo (-1.6%), Indiabulls HF (-0.99%), Cipla (-0.88%), BPCL (-0.83%) and M&M (-0.83%) were the top losers in today’s trade.

Out of 2,016 stocks traded on the NSE, 742 advanced, 883 declined and 391 remained unchanged today.

A total of seven stocks registered a fresh 52-week high in trade today, while 44 stocks touched a new 52-week low on the NSE.

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