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Market Now: VIP Industries, Titan, Bajaj Electricals boost consumer durables index

NEW DELHI: The BSE Consumer Durables index was trading nearl..

NEW DELHI: The BSE Consumer Durables index was trading nearly 2 per cent up at 22,619 around 11:50 am (IST) on Monday, backed by gains in shares of VIP Industries (up 4.47 per cent), Titan Company (up 2.92 per cent) and Bajaj Electricals (up 2.89 per cent).

Shares of TTK Prestige (up 1.33 per cent), Crompton Greaves Consumer Electricals (up 1.24 per cent), Blue Star (up 0.76 per cent), Rajesh Exports (up 0.36 per cent) and PC Jeweller (up 0.23 per cent) were also in the green in the index.

Meanwhile, Symphony (down 0.20 per cent) and Whirlpool of India (down 0.07 per cent) were the two stocks in the consumer durables index that were slightly down around that time.

Equity benchmarks were in the positive territory as a firm trend at other Asian markets on easing concerns about a sharp rise in US interest rates and buying by investors ahead of earnings season, scheduled to begin this week, helped lift market sentiment.

The NSE Nifty50 index was up 49 points at 10,381, while the BSE Sensex was up 145 points at 33,772.

Among the 31 stocks in the Sensex index, 19 were trading in the green, while 12 were in the red.

Infosys, Tata Motors and ICICI Bank were the top losers in the Sensex index.

On the other hand, IndusInd Bank, Mahindra & Mahindra and ITC climbed up to 2 per cent in the Sensex kitty of stocks.

Original Article


ET Markets


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