Nifty hovers around 8400, Sensex firm; NTPC, Power Grid surge

Epic Update NTPC

Benchmark indices maintained uptrend amid volatility in noon trade but broader markets continued to underperform. Banks, infra and select technology stocks gained while the selling continued in FMCG, healthcare and HDFC group stocks.

The 30-share BSE Sensex rose 81.40 points to 27221.81 and the 50-share NSE Nifty gained 19.10 points at 8399.75.

The market breadth was negative as about 1332 shares declined against 1069 advancing shares on the BSE.

Power stocks were in limelight today. NTPC, Power Grid Corporation and Tata Power gained 3-4 percent.

L&T and Infosys were leading contributors to Sensex’s gains, up 2 percent each whereas ITC, HDFC, Sun Pharma, Lupin, Dr Reddy’s Labs, HUL and TCS were under pressure.

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Posted in: Indian Market Tips