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( 11/01/2018 13:33)
Sensex Nifty extend gains; realty, IT sectors lead

Indian benchmarks continued to gain momentum during the noon trading session as investors remained optimistic ahead of key corporate earnings later this week and the federal budget next month.

Finance Minister Arun Jaitley is expected to present the budget for the 2018/19 financial year on Feb 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.

At 13:30 hours, the 30-share benchmark index was trading at 34521.55 up by 88.48 points or by 0.26 per cent, while the NSE Nifty was at 10655.65 up by 23.45 points or by 0.22 per cent.

In the positive trade so-far, Sensex touched intraday high of 34555.3 and intraday low of 34400.61 The NSE Nifty touched intraday high of 10664.6 and intraday low of 10612.35.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1078.00,+2.51%), Bharti Airtel Ltd. (Rs. 513.85,+1.48%), Kotak Mahindra Bank Ltd. (Rs. 1016.40,+1.46%), Adani Ports & Special Economic Zone Ltd. (Rs. 427.50,+0.88%), Housing Development Finance Corporation Ltd. (Rs. 1740.40,+0.87%), among others.

The top losers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 309.00,-0.96%), Axis Bank Ltd. (Rs. 557.95,-0.82%), Wipro Ltd. (Rs. 323.50,-0.78%), Coal India Ltd. (Rs. 305.70,-0.78%), Power Grid Corporation of India Ltd. (Rs. 198.15,-0.65%), among others.

Among the sectors, Realty index was at 2810.06 up by 60.41 points or by 2.2%. Prestige Estates Projects Ltd. (Rs. 349.35,+4.52%), Phoenix Mills Ltd. (Rs. 615.00,+4.14%), Indiabulls Real Estate Ltd. (Rs. 255.00,+3.22%), Godrej Industries Ltd. (Rs. 845.95,+2.88%), Oberoi Realty Ltd. (Rs. 539.45,+2.44%),.

On the flip side, Metal index was at 15739.57 down by -48.77 points or by -0.31%. Coal India Ltd. (Rs. 305.75,-0.76%), Vedanta Ltd. (Rs. 332.60,-0.66%), Hindalco Industries Ltd. (Rs. 267.60,-0.56%), Hindustan Zinc Ltd. (Rs. 318.30,-0.38%), Steel Authority of India (SAIL) Ltd. (Rs. 98.25,-0.10%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3067 , shares advanced were 1794 while 1134 shares declined and 139 were unchanged

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