Mumbai -- After registering a strong opening, markets are trading firm on the back of buying in heavy weights like Reliance Industries, BHEL, GAIL, ICICI Bank, MTNL and ONGC. The BSE Sensex has gained by 181 points to 11493 and the NSE Nifty is up by 60 points at 3374.
HPCL, BPCL, HDFC Bank, Glaxo, MTNL, Hero Honda and BHEL are the major gainers among the 50-scrips of Nifty. However HCL Tech, Tata Tea, Cipla, HDFC and Bajaj Auto are the among the 50-scrips of Nifty.
FMCG stocks are trading with gains HLL has surged by 1.7% to Rs. 231, ITC is up by 1.6% to Rs. 181, Dabur rose by 3.6% to Rs. 141, Colgate surged by 2.6% to Rs. 379 and McDowell has gained by 2 %t o Rs. 606.
Shares of Indian refiners have surged sharply after oil fell to a two-week low as concern of disruptions eased after BP Plc said it will keep half of the biggest U.S. field operating. HPCL has jumped over 10.44% to Rs. 261, BPCL has climbed by 7.3% to Rs. 348, IOC is up by 7.1% to Rs. 454 and Reliance Industries has gained by 2% to Rs. 1050.
ONGC has gained by 3% to Rs. 1250. As per the reports Hazira plant to reopen on August 19. The scrip has touched a high of Rs. 1254 and a low of Rs. 1220 and has recorded volumes of over 3 lakh shares on NSE.
On contrary, Sugar stocks were trading lower. According to reports, sugar companies failed to arrive at consensus for ethanol pricing. Dhampur sugar has lost by 3.5% to Rs. 112, Balrampur Chini has plunged over 5.3% to Rs. 100.90, Bajaj Hindustan slips by 2.6% to Rs. 346 and Sakthi sugar is down by 2.8% to Rs. 149.50.
