Nifty hovers around 10,500 mark; Fortis, Rain Ind stocks up@Highlight Research
Benchmark indices continued to trade higher, with the Sensex holding 100-point gain, while the Nifty was hovering around 10,500 led by realty, metal, FMCG, IT and media amid higher Asian cues.
The BSE Sensex was trading at 33,862, up 49 points, while the Nifty50 was ruling at 10,464, up 23 points.
Shares of Titan Co gained 2% after the company's jewellery vertical witnessed strong growth in retail sales for Oct-Dec.
Shares of Apar Industries rose 4% as the company, after market hours on Tuesday, said it has formed 40:60 joint venture with PPS Motors Pvt Ltd for incorporating a lubricant marketing company.
Shares of Dr. Reddy's Laboratories fell nearly 3% on fears that clearance for the company's injectables unit in Duvvada, Andhra Pradesh, from the US Food and Drug Administration may be delayed.
The BSE Mid-cap and BSE Small-cap indices were up 0.76% and 1.12%, respectively.
Volatility index India VIX slipped 0.71%.
The BSE Sensex was trading at 33,862, up 49 points, while the Nifty50 was ruling at 10,464, up 23 points.
Shares of Titan Co gained 2% after the company's jewellery vertical witnessed strong growth in retail sales for Oct-Dec.
Shares of Apar Industries rose 4% as the company, after market hours on Tuesday, said it has formed 40:60 joint venture with PPS Motors Pvt Ltd for incorporating a lubricant marketing company.
Shares of Dr. Reddy's Laboratories fell nearly 3% on fears that clearance for the company's injectables unit in Duvvada, Andhra Pradesh, from the US Food and Drug Administration may be delayed.
The BSE Mid-cap and BSE Small-cap indices were up 0.76% and 1.12%, respectively.
Volatility index India VIX slipped 0.71%.
FUTURE CALL: BUY ADANIENT ABOVE 177 TARGETS 177.60/ 178.70/ 180.20 STOPLOSS 176.60
FUTURE UPDATE: ADANIENT CALL FINAL TARGETS (180.20) HAS ACHIEVED BOOK RS 12800/- PROFIT CMP 180.90
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