Markets at Noon: Nifty and Sensex Climb as Diamond & Jewellery Sector Shines
By ScanX News Team
Indian stock markets display positive momentum at midday, with Nifty 50 up 0.43% at 25,212.80 and BSE Sensex gaining 0.41% to 82,727.63. The Diamond, Gems and Jewellery sector leads with a 6.49% surge, followed by Engineering Services and Power sectors. United Spirits Ltd. is in focus, trading down 7.43% after a significant block trade and Maharashtra's decision to increase excise duty on liquor. Printing & Stationery sector underperforms, declining 1.29%.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both the Nifty 50 and BSE Sensex trading in the green. The Nifty 50 is currently at 25,212.80, up 108.55 points or 0.43% from its previous close. Similarly, the BSE Sensex is trading at 82,727.63, registering a gain of 335.91 points or 0.41%.
Sectoral Performance
Top Performing Sectors
| Sector | Avg. Per Change |
|---|---|
| Diamond, Gems and Jewellery | 6.49% |
| Engineering Services | 2.41% |
| Power | 2.25% |
| Telecom | 2.16% |
| Oil & Gas | 1.83% |
Underperforming Sectors
| Sector | Avg. Per Change |
|---|---|
| Printing & Stationery | -1.29% |
| Cables | -0.51% |
| Consumer Services | -0.20% |
Buzzing Stocks
United Spirits Ltd. is in focus today following two significant developments:
- A block trade of approximately 168,378 shares occurred on the NSE at Rs. 1,520.00 per share, totaling Rs. 25.59 crores.
- The Maharashtra state cabinet has approved an increase in excise duty on liquor, which is expected to impact liquor prices in the state.
As of midday, United Spirits Ltd. is trading at Rs. 1,490.30, down 7.43% from its previous close.
Conclusion
The Indian markets are showing strength at midday, with both benchmark indices trading higher. The Diamond, Gems and Jewellery sector is leading the gains, while Printing & Stationery faces the most significant decline. Investors are closely watching United Spirits Ltd. following the block trade and regulatory developments in Maharashtra.
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