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(23/07/2021 09:58)

Indices erase early gains; M&M, L&T top losers

Indian benchmark indices opened higher but soon trimmed the gains amid selling in Mahindra & Mahindra, Larsen & Toubro Ltd, HDFC Bank Ltd. Housing Development Finance Corporation Ltd. among others.

At 9:45 hours, the 30-share benchmark index was trading at 52762.89 down by -74.32 points or by -0.14 % and then NSE Nifty was at 15806.1 down by -17.95 points or by -0.11 %.

Sensex touched intraday high of 53008.53 and intraday low of 52653.77 The NSE Nifty touched intraday high of 15876.45 and intraday low of 15768.4.

The top gainers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 994.70,+1.65%), UltraTech Cement Ltd. (Rs. 7550.45,+1.21%), Tata Steel Ltd. (Rs. 1284.85,+0.93%), Maruti Suzuki India Ltd. (Rs. 7350.00,+0.74%), Bajaj Auto Ltd. (Rs. 3869.80,+0.45%), among others.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1119.10,-2.56%), Larsen & Toubro Ltd. (Rs. 1612.70,-1.76%), HDFC Bank Ltd. (Rs. 1441.40,-0.53%), Housing Development Finance Corporation Ltd. (Rs. 2478.85,-0.46%), IndusInd Bank Ltd. (Rs. 988.50,-0.40%), among others.

Among the sectors, Metal index was at 19497.76 up by 170.23 points or by 0.88%. Steel Authority of India (SAIL) Ltd. (Rs. 130.15,+3.13%), Hindustan Zinc Ltd. (Rs. 332.60,+1.71%), Tata Steel Ltd. (Rs. 1287.55,+1.15%), NMDC Ltd. (Rs. 177.45,+1.05%), Vedanta Ltd. (Rs. 265.70,+1.05%),.

CGS index was at 23905.49 down by -144 points or by -0.6%. Larsen & Toubro Ltd. (Rs. 1617.45,-1.47%), Thermax Ltd. (Rs. 1424.45,-1.28%), Adani Green Energy Ltd. (Rs. 973.50,-0.80%), Bharat Electronics Ltd. (Rs. 183.40,-0.54%), ABB India Ltd. (Rs. 1703.90,-0.52%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2844 , shares advanced were 1620 while 1129 shares declined and 95 were unchanged.