The benchmark index, Nifty and Sensex are witnessing a profit booking from the higher levels of the day. Meanwhile, the Sensex hit its all-time high level of 33,959.46 in today’s session led by gains from IT and Banking stocks. The Nifty, however, faced stiff resistance at the 10490 level and failed to cross over.
Profit booking is witnessed in stocks of Mahindra and Mahindra, Ultratech, Lupin, Dr Reddy’s, Hero Moto Corp. Eclerx rises 5 percent post board approval to buyback 12.9 lakh shares at Rs 2000. Adani Transmission and Adani Power are both trading higher by over 5 percent post the deal to buy assets of Reliance Infra. Hero Moto Corp has announced a hike in the price of motorcycles from January, the stock is trading 0.6 percent lower at Rs 3783.
India VIX is down by 3.73 percent and NSE Advance-Decline ratio is at 961 advances against 729 declines.
At 3 PM, Nifty is trading 0.38 percent higher at 10479 level and Sensex is at 33921 level, up by 165 points.
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