NIFTY ABOVE 22,500 LEVEL; CONSUMER DURABLES RALLY FOR 9TH DAY

The frontline indices traded with decent gains in morning trade. The Nifty traded above the 23,500 level. Consumer durables shares witnessed buying demand for the ninth consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex was up 214.36 points or 0.32% to 77,207.13. The Nifty 50 index added 72 points or 0.31% to 23,537.60.

The Sensex and Nifty clocked an all-time high of 77,366.77 and 23,579.05 respectively in morning trade.

In the broader market, the S&P BSE Mid-Cap index added 0.14% and the S&P BSE Small-Cap index rose 0.34%.

The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit an all-time high at 46,278.53 and 51,758.97 respectively.

The market breadth was positive. On the BSE, 2,049 shares rose and 1,637 shares fell. A total of 207 shares were unchanged.

New Listing:

Shares of Le Travenues Technology were currently trading at Rs 143.95 at 10:15 IST on the BSE, representing a premium of 54.78% as compared with the issue price of Rs 93.

The scrip was listed at Rs 135, exhibiting a 6.63% premium to the issue price.

So far, the stock has hit a high of 147.76 and a low of 135. On the BSE, over 31.94 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Consumer Durables gained 1.30% to 38,474.30. The index surged 12.44% in nine consecutive trading sessions.

Cera Sanitaryware (up 5.63%), Voltas (up 2.97%), V-Guard Industries (up 2.94%), Titan Company (up 2.24%), Century Plyboards (India) (up 1.72%), Blue Star (up 1.51%), Dixon Technologies (India) (up 0.91%), Crompton Greaves Consumer Electricals (up 0.73%), Amber Enterprises India (up 0.28%) and Kalyan Jewellers India (up 0.16%) advanced.

On the other hand, Kajaria Ceramics (down 1.34%), Whirlpool of India (down 1.24%) and Rajesh Exports (down 1.07%) edged lower.

Stocks in Spotlight:

Godawari Power & Ispat rallied 3.63% after its board has approved a share buyback of upto Rs 301 crore at a price of Rs 1,400 per equity share through tender offer route.

Roto Pumps surged 9.85% after the company announced that it has received a purchase order worth Rs 14.40 crore from GPS Renewables.

Rail Vikas Nigam (RVNL) advanced 2.50% after the company has emerged as lowest bidder (L-1) from East Coast Railway for installing automatic block signaling system in Odisha.

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