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Nifty holds 17,200 mark; breadth remains positive

Published on Dec 30, 2021 13:26

The benchmarks equity indices were trading near the day`s high in afternoon trade. The Nifty was trading above the 17,200 mark. IT and FMCG shares were in demand while PSU banks, realty and oil & gas shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 157.47 points or 0.27% to 57,963.96. The Nifty 50 index added 19.25 points or 0.11% to 17,232.85.

In the broader market, the S&P BSE Mid-Cap index shed 0.19% while the S&P BSE Small-Cap index gained 0.42%.

The market breadth was positive. On the BSE, 1900 shares rose and 1386 shares fell. A total of 114 shares were unchanged.

F&O contracts for the month of December will expire today, 30 December 2021.

HCL technologies (up 2.16%), Dr Reddy`s Labs (up 1.71%), NTPC (up 1.58%), Tech Mahindra (up 1.56%) and Wipro (up 1.44%) were major index gainers.

Bajaj Auto (down 1.77%), Tata Motors (down 1.34%), Coal India (down 1.19%) and Indian Oil Corp (down 1.17%) were major index losers.

BPCL was down 1.13%. Life Insurance Corporation of India (LIC) bought 4,38,02,790 equity shares or 2.01% stake of BPCL between 11 June 2018 to 28 December 2021. Post transaction, LIC has increased its stake in BPCL to 7.03% from 5.011% earlier.

Rama Steel Tubes hit an upper circuit of 10% at Rs 311.15 after the company procured orders worth Rs 4.33 crore from Uttar Pradesh Power Corporation (UPPCL). This order is mainly for supplying 2500 electrical poles amounting to 580 MT.

Covid Update:

India reported 13,154 new cases in the last 24 hours. The country`s active caseload currently stands at 82,402. Active cases account for less than 1% of total cases, currently at 0.24%. Recovery rate currently stands at 98.38%. 7,486 recoveries were reported in the last 24 hours, which increases total recoveries to 3,42,58,778.

With the administration of 63,91,282 vaccine doses in the last 24 hours, India`s COVID-19 vaccination coverage has exceeded 143.83 crore as per provisional reports till 7:00 IST today.

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