Indian equity benchmarks erased their intraday losses and staged a strong recovery, with the NIFTY 50 climbing back above the 23,500 mark, supported by gains in IT and select consumer stocks.
At 14:40 hours, the 30-share benchmark index was trading at 74527.04 up by 259.7 points or by 0.35 % and then NSE Nifty was at 23527.65 up by 145.05 points or by 0.62 %.
Sensex touched intraday high of 74862.19 and intraday low of 73815.12 The NSE Nifty touched intraday high of 23556.95 and intraday low of 23229.15
The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2442.00,+6.27%), Infosys Ltd. (Rs. 1267.20,+5.36%), HCL Technologies Ltd. (Rs. 1241.30,+3.87%), Mahindra & Mahindra Ltd. (Rs. 1577.80,+2.21%), Adani Ports & Special Economic Zone Ltd. (Rs. 1812.90,+1.66%), among others.
The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 367.45,-2.91%), Axis Bank Ltd. (Rs. 1249.80,-2.00%), Power Grid Corporation of India Ltd. (Rs. 282.00,-1.48%), Bajaj Finance Ltd. (Rs. 878.40,-1.19%), ICICI Bank Ltd. (Rs. 1227.55,-0.96%), among others.
_IT index was at 30055.22 up by 1216.58 points or by 4.22%. Newgen Software Technologies Ltd. (Rs. 505.00,+14.18%), InfoBeans Technologies Ltd. (Rs. 179.65,+12.63%), Network People Services Technologies Ltd. (Rs. 1350.00,+12.13%), Quick Heal Technologies Ltd. (Rs. 191.15,+9.51%), Hexaware Technologies Ltd. (Rs. 548.60,+6.74%),.
Power index was at 8060.63 down by -79.41 points or by -0.98%. NHPC Ltd. (Rs. 72.34,-6.28%), Hitachi Energy India Ltd. (Rs. 35080.45,-3.60%), NTPC Ltd. (Rs. 367.45,-2.91%), Siemens Energy India Ltd. (Rs. 3610.50,-2.90%), Power Grid Corporation of India Ltd. (Rs. 282.00,-1.48%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4567 , shares advanced were 2298 while 2075 shares declined and 194 were unchanged.