Sensex rangebound; Asian Paints, Ranbaxy, DLF soar over 2%

12:22

Moneycontrol Bureau
Live Market Commentary
The market remained rangebound in noon trade, but the broader markets outperformed benchmarks with the BSE Midcap index rising 0.55 percent and Smallcap gaining 1 percent.

The Sensex rose 4.05 points to 21,174.73, and the Nifty soared 5.90 points to 6,309.90. Advancing shares outnumbered declining ones by a ratio of 1322 to 660 on the BSE.

Asian Paints , DLF and Ranbaxy Labs are the biggest gainers in the Nifty, rising 2-2.5 percent followed by Lupin , Punjab National Bank and Cipla with 1-1.5 percent upmove.

However, Tata Power , Wipro , TCS , HDFC , Infosys , HCL Technologies and BHEL are under pressure.

Elder Pharma , Wockhardt , Bayer CropScience, United Spirits , SBI , Asian Paints, IDFC and Apollo Tyres are the most active shares on exchanges.

In the midcap space, Godrej Properties , Jindal Saw , Gujarat Flourochemical, Amtek India and Indiabulls Real rallied 4-11 percent.

Among smallcaps, UB Holdings spiked 18.65 percent followed by Elder Pharma, Transport Corporation, OnMobile Global and Riddhi Siddhi with a 7-13 percent upmove.

Shares of Atul Auto rallied 5 percent to Rs 305.55 apiece as company's sales jumped 23.42 percent in December compared to earlier month.

Atul Auto sold 3,510 units in December as against 2,844 units in November. During April-December, the company's sales jumped 18.29 percent year-on-year to 27,908 units.

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