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Equity benchmarks as well as broader markets continued to gain in noon trade after Federal Reserve meet outcome. The Sensex rose 149 points to 24831.48 and the Nifty climbed 58.65 points to 7557.40.The BSE Midcap and Smallcap indices gained 0.9 percent and 0.6 percent, respectively. About 1418 shares advanced against 813 declining shares on the Bombay Stock Exchange.
Adani Enterprises jumped more than 3 percent. Jeyakumar Janakraj, CEO of Adani Mining Australia says the company has secured landholder’s agreement for Australian coal mine, a very significant project for company. He expects legal proceedings w.r.t Carmichael Mine (which has a life of over 100 years) to close by August-October 2016.
Adani Ports (4.5 percent), GAIL (4.4 percent), ONGC (3.2 percent) and Bharti Airtel (2.7 percent) are the top gainers in Nifty. Among the losers are HDFC (-0.9 percent), Dr Reddys Labs (-0.4 percent), HDFC Bank (-0.4 percent) and M&M (-0.1 percent).
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