Sensex, Nifty off day’s high; Quess Corp soars over 50% on debut

Equity benchmarks as well as broader markets continued to trade higher with marginal gains, tracking positive global cues.

The Sensex rose 59.17 points or 0.21 percent to 27685.86 and the Nifty advanced 17.45 points or 0.21 percent to 8485.35. About 1015 shares advanced against 805 declining shares on BSE.

Quess Corp has stellar listing today, rallying more than 50 percent in opening. It traded at Rs 494.75 against issue price of Rs 317. However, Thomas Cook, the owner of Quess Corp, declined 1.6 percent.

ICICI Bank, HDFC Bank, Maruti Suzuki, Bharti Airtel, NTPC and Tata Steel were gainers in morning trade, up 1-2 percent while Coal India and BHEL fell over a percent. TCS, Sun Pharma, Infosys, Dr Reddy’s Labs, Lupin and Cipla were also down on profit booking.
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Posted in: Indian Market Tips