The market breadth was strong
The gains were led by metal
thing stocks. The metal index rose 0.67 per cent. Defensive sectors like FMCG and Healthcare saw buying interest. Consumer durables stocks saw some profit booking. The broader markets continued to outperform the benchmark indices. The BSE small and mid cap indices rose close to 0.4 per cent.
The market breadth was strong with 71 per cent stocks rising on the BSE. Among the gainers are Hindalco, Tata Steel, Cipla and BHEL. Reliance Comm extended the losses. The stock was down 1.19 per cent. Maruti Suzuki and HDFC declined.
News driven counters included government run MTNL that rose 3.03 per cent. Telecom minister A Raja has sought a reimbursement of spectrum fee for MTNL. Eicher Motors rose 3.54 per cent. The company reported close to 50 per cent increase in June sales. Adani Enterprises was down 0.23 per cent. It has
thing hired banks for its QIP issue.
