Sensex, Nifty extend gains; banks, auto, FMCG stocks support

HDFC Update by Epic ResearchHDFC Update by Epic Research

Equity benchmarks extended gains in noon trade, with the Sensex rising more than 200 points intraday, driven by banks, FMCG, metals and auto stocks.

The 30-share BSE Sensex was up 175.04 points at 30,118.28 and the 50-share NSE Nifty rose 46 points to 9,352.60 but the market breadth turned in favour of declines.

About 1350 shares declined against 1276 advancing shares on the BSE.

ITC, HDFC, HDFC Bank, Tata Motors and ICICI Bank continued to be leading contributors to Sensex’ gains, up 0.6-2 percent whereas Infosys (down 1.5 percent) and Reliance Industries (down 0.6 percent) limited upside.

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