Sensex up 266 points as blue chips hold gains

Last Updated: Tue, Oct 18, 2016 12:54 hrs

Thanks to sustained buying in several blue chip stocks from across various sectors, the market, which opened on a buoyant note on strong Asian cues, remains firmly entrenched in positive territory now.

Bank, realty, metal, automobile, information technology and consumer discretionary stocks figure in the list of prominent gainers.

The Sensex is up 266.20 points or 0.97% at 27,796.17. The Nifty50 of the National Stock Exchange is up 76.55 points or 0.9% at 8597.15

Among the stocks in the Bankex, ICICI Bank is up 2.1%. Yes Bank is gaining 1.2%, Bank of Baroda, Punjab National Bank and Federal Bank are up 0.8% - 1%, and Kotak Bank is up 0.6%. State Bank of India, HDFC Bank and Axis Bank are up with modest gains, while IndusInd Bank is up marginally.

Among other stocks in the banking space, Yes Bank, Punjab National Bank, Bank of India, Union Bank of India, IDBI Bank, Allahabad Bank, Oriental Bank of Commerce, Syndicate Bank, IDFC Bank and Karur Vysya Bank are trading notably higher.

In the realty space, Unitech, Godrej Properties, Prestige, Indiabulls Real Estate, DLF, HDIL and NBCC are up 1% - 3.5%. Omaxe and Oberoi Realty are up with modest gains.

Among metal stocks, Hindustan Zinc, Tata Steel, SAIL, Jindal Steel & Power, JSW Steel, Nalco and NMDC are up 1% - 4%. Coal India and Vedanta are modestly higher.

Automobile stocks Ashok Leyland, Eicher Motors, Bajaj Auto, TVS Motor and Tata Motors are up 1% - 3%. Mahindra & Mahindra and Hero Motocorp are up with modest gains, while Maruti Suzuki is up marginally.

Among IT majors, HCL Technologies is gaining 2.1%, Tech Mahindra and Infosys are up by about 1%, Wipro is moving up 0.8% and Oracle Financial Services is up 0.5%. Tata Consultancy Services is up marginally, while MindTree is down 2.6%.

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