Indian benchmarks extended gains during the late noon trading session amid positive global cues. Top gainers on the D-street included Tata Steel, Vedanta, Hero Motocorp, Sun Pharma among others.
Meanwhile, private sector lender IndusInd Bank reported a healthy growth in June quarter earnings after merger of Bharat Financial Inclusion with itself. Hence numbers are not comparable YoY.
Net profit of combined entity stood at Rs 1,432.5 crore for the quarter ended June 2019, rising 38.3 percent compared to Rs 1,036 crore in same period last year.
Net interest income, the difference between interest earned and interest expended, grew by 34 percent to Rs 2,844 crore year-on-year.
Further, investors are eying IIP and CPI data to be released later in the day.
At 14:30 hours, the 30-share benchmark index was trading at 38948.9 up by 125.79 points or by 0.32 per cent then NSE Nifty was at 11624 up by 41.1 points or by 0.35 per cent.
Sensex touched intraday high of 39021.84 and intraday low of 38747.8 The NSE Nifty touched intraday high of 11639.55 and intraday low of 11553.3.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 78.40,+3.36%), Tata Steel Ltd. (Rs. 476.60,+3.20%), Hero MotoCorp Ltd. (Rs. 2576.20,+2.75%), Vedanta Ltd. (Rs. 168.20,+2.75%), Sun Pharmaceutical Industries Ltd. (Rs. 408.50,+2.61%), among others.
The top losers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 1470.00,-1.67%), Axis Bank Ltd. (Rs. 755.00,-1.52%), Bajaj Finance Ltd. (Rs. 3405.00,-1.29%), Oil And Natural Gas Corporation Ltd. (Rs. 151.50,-0.98%), Power Grid Corporation of India Ltd. (Rs. 206.75,-0.93%), among others.
Among the sectors, Metal index was at 10615.21 up by 169.89 points or by 1.63%. Jindal Steel & Power Ltd. (Rs. 140.35,+4.78%), Tata Steel Ltd. (Rs. 476.60,+3.20%), Vedanta Ltd. (Rs. 168.20,+2.75%), NMDC Ltd. (Rs. 112.55,+2.27%), Steel Authority of India (SAIL) Ltd. (Rs. 47.70,+2.03%),.
CGS index was at 18681.2 down by -202.84 points or by -1.07%. Lakshmi Machine Works Ltd. (Rs. 4671.00,-2.28%), Sadbhav Engineering Ltd. (Rs. 187.20,-1.91%), Larsen & Toubro Ltd. (Rs. 1470.00,-1.67%), Finolex Cables Ltd. (Rs. 385.95,-1.23%), AIA Engineering Ltd. (Rs. 1752.00,-0.99%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2647 , shares advanced were 1275 while 1198 shares declined and 174 were unchanged.