The Nifty50 and the Sensex edged higher, supported by gains in IT stocks, shrugging off weakness in global technology shares after disappointing earnings reports from major Wall Street companies.
At 9:40 hours, the 30-share benchmark index was trading at 74309.61 up by 158.57 points or by 0.21 % and then NSE Nifty was at 22963.5 up by 26.75 points or by 0.12 %.
Sensex touched intraday high of 74357.55 and intraday low of 74099.33 The NSE Nifty touched intraday high of 22980.35 and intraday low of 22919.85
The top gainers of the BSE Sensex pack were Trent Ltd. (Rs. 3041.70,+6.13%), InterGlobe Aviation Ltd. (Rs. 4814.40,+2.87%), Sun Pharmaceutical Industries Ltd. (Rs. 1795.00,+1.82%), Infosys Ltd. (Rs. 1164.10,+1.81%), Eternal Ltd. (Rs. 342.75,+1.47%), among others.
The top losers of the BSE Sensex pack were Bharat Electronics Ltd. (Rs. 366.25,-1.55%), State Bank of India (Rs. 965.65,-1.46%), UltraTech Cement Ltd. (Rs. 11081.25,-1.19%), Tata Steel Ltd. (Rs. 168.05,-0.86%), Axis Bank Ltd. (Rs. 1220.75,-0.44%), among others.
IT index was at 30557.15 up by 351.73 points or by 1.16%. Quick Heal Technologies Ltd. (Rs. 149.05,+8.68%), Coforge Ltd. (Rs. 2027.45,+3.44%), Tanla Platforms Ltd. (Rs. 638.50,+3.31%), Magellanic Cloud Ltd. (Rs. 24.38,+2.78%), Persistent Systems Ltd. (Rs. 5994.00,+2.11%),.
CGS index was at 69185.52 down by -1068.01 points or by -1.52%. Suzlon Energy Ltd. (Rs. 34.83,-5.33%), Kirloskar Oil Engines Ltd. (Rs. 1807.35,-4.29%), Inox Wind Ltd. (Rs. 57.41,-2.79%), Cummins India Ltd. (Rs. 4404.00,-2.57%), CG Power and Industrial Solutions Ltd. (Rs. 811.75,-2.08%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3523 , shares advanced were 1257 while 2084 shares declined and 182 were unchanged.