Equity
benchmarks continued to be lackluster in noon intraday trade today, the first
day of June series. The Sensex rose 18.69 points to 24252.84 and the Nifty
gained 7.40 points to 7243.05. The broader markets beat benchmarks with the BSE
Midcap and Small cap indices gaining 0.5 percent and 0.9 percent, respectively.
Advancing shares outnumbered declining ones by a ratio of 1471 to 1086 on the
BSE.
The Indian rupee is stronger at
58.9600/58.9650 versus its previous close of 59.03/04, as dollar inflows from
Yes Bank Ltd's share sale for as much as USD 500 million aiding the Indian
unit's gains but month-end dollar demand from oil importers may limit the rise.
FMCG
major Hindustan Unilever topped the buying list in the Sensex, rising nearly 4
percent while ONGC rallied 2.5 percent after fourth quarter earnings. Shares of
L&T, Bharti Airtel, Sun Pharma, NTPC, Tata Steel, Dr Reddy's Labs, Cipla,
BHEL and GAIL gained 1-2 percent.
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