Sensex and Nifty are trading little higher after opening strong on Thursday tracking the Wall Street record closing overnight. BSE Sensex gained 142 points to the day’s high of 32,328.61 points while NSE Nifty added 47 points to hit a day’s high of 10,126.5 points — which is very near to the all-time high of 10,137.85 points. Shares of the oil marketing companies recovered in early trade after Oil Minister Dharmendra Pradhan yesterday ruled out government intervention to disrupt the daily revision in petrol and diesel prices but BPCL and HPCL again fell into negative territory extending yesterday’s losses while IOC still trades in green.
Indian Oil Corporation was trading little changed, up 0.56%; Bharat Petroleum Corporation fell 2.02% and Hindustan Petroleum Corporation lost 0.71%. Wipro shares are the biggest loser on the benchmark Sensex on Thursday, a day before the record date of Rs 11,000 crore share buyback i.e., 15 September 2017. The stock of India’s third largest software services firm Wipro lost 4.88% to the day’s low of Rs 281.6 on BSE today. The falling shares of Wipro alone shaved off about 16 points from the Sensex gains.
The benchmark Sensex was trading 0.07% higher at 32,207.64 points while the broader Nifty was trading up 0.02% at 10,081.2 points. We take a look at 14 blue-chip stocks that are trading higher despite dull market activity.
BHEL shares skyrocket on Thursday after the announcement that the languishing state-run engineering giant will be roped in to make rolling stock for Prime Minister Narendra Modi’s dream project to put India on the fast track: the bullet train, in collaboration with Japan. The stock of BHEL rose as much as 10.2% to the day’s high of Rs 145.85 on NSE. Narendra Modi and the visiting Japanese Premier Shinzo Abe on Thursday laid the foundation stone for the proposed Mumbai-Ahmedabad bullet train corridor, which will cost India about Rs 1,10,000 crore, and will take about five years to complete. Narendra Modi said on Thursday that most parts of the bullet train will be made in India itself.
Four Nifty 50 stocks hit their respective all-time highs today including Asian Paints rose 0.56% to Rs 1,262; Hindustan Unilever gained 0.9% to Rs 1,262.1; Reliance Industries advanced 1,47% to Rs 861.5; Yes Bank jumped 1.46% to Rs 1,866 on NSE.
Other stocks which are gaining since morning are Sun Pharmaceutical Industries (up 2.63%), Axis Bank (up 3.46%), Cipla (up 1.63%), Tata Power Company (up 1.06%), Sun TV Network (up 2.32%), Power Finance Corporation (up 2.41%), Siemens (up 2.67%), Divi’s Laboratories (up 3.59%), Piramal Enterprises (up 3.67%).