The benchmark indices are now trading marginally higher during the late morning deals as market is experiencing bouts of volatility. On the other side, the Indian rupee on Wednesday erased morning losses and trading at day's high at 71.54 per dollar.
On the corporate front, shares of Bajaj Consumer Care surged 20 per cent to Rs 235, erasing its entire previous day’s fall of 15 per cent, on the BSE on Wednesday after Mutual Funds-led institutional investors bought more than 20 per cent stake from the promoters of the personal products company.
At 11:20 hours, the 30-share benchmark index was trading at 38597.54 up by 91.45 points or by 0.24 per cent, while the NSE Nifty was at 11453.9 up by 25.6 points or by 0.22 per cent.
During the trade so-far, the BSE Sensex touched intraday high of 38666.38 and intraday low of 38466.76 The NSE Nifty touched intraday high of 11481.05 and intraday low of 11423.7.
Bajaj Finance Ltd. (Rs. 3987.90,+2.77%), ICICI Bank Ltd. (Rs. 438.25,+1.52%), Bajaj Auto Ltd. (Rs. 3045.00,+1.18%), Housing Development Finance Corporation Ltd. (Rs. 2034.90,+1.08%), State Bank of India (Rs. 261.00,+1.01%), among were the gainers.
On the other side, the top losers of the BSE Sensex pack were Vedanta Ltd. (Rs. 149.95,-2.28%), Hero MotoCorp Ltd. (Rs. 2631.50,-1.66%), Power Grid Corporation of India Ltd. (Rs. 199.00,-1.17%), ITC Ltd. (Rs. 245.00,-1.01%), Mahindra & Mahindra Ltd. (Rs. 578.80,-0.99%), among others.
Among the sectors, Realty index was at 1977.58 up by 26.35 points or by 1.35%. Sunteck Realty Ltd. (Rs. 438.00,+4.35%), Mahindra Lifespace Developers Ltd. (Rs. 448.00,+2.33%), Sobha Ltd. (Rs. 454.00,+1.77%), Godrej Industries Ltd. (Rs. 1002.45,+1.77%), DLF Ltd. (Rs. 158.85,+1.76%),.
Whereas, Power index was at 1929.73 down by -9.16 points or by -0.47%. Tata Power Company Ltd. (Rs. 58.70,-1.68%), NHPC Ltd. (Rs. 23.45,-1.47%), Power Grid Corporation of India Ltd. (Rs. 199.00,-1.17%), Bharat Heavy Electricals Ltd. (Rs. 42.35,-0.94%), Adani Power Ltd. (Rs. 61.45,-0.73%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2213 , shares advanced were 1146 while 901 shares declined and 166 were unchanged.