Indian share market trade higher as the sectoral stock rises were led by Auto, banking/financial, realty, metal and pharma stocks. Shares of IndiaBulls HousingFinance being the top gainer in Nifty ahead of the Company’s Q1 results scheduled for today.
At 10am, the BSE Sensex was at 36,829-level up by 130-pts, while the Nifty stood at 10906-level up by 44-pts.
Indiabull-HF, Yes banbk, HeroMotoCorp, IndusInd bank and Grasim were major gainers on the Nifty, whereas Zee Entertainment, TCS, Titan, Reliance and Wipro led the losses.
Except IT and Media, all the sectoral indices on the Nifty were seen buying pressure, with major gains in Nifty metal index and PSU Bank indices, up by 1.64/1.42% each.
Nifty Auto index also trade higher led by gains in Apollo Tyres, TVS Motors and Hero MotoCorp, upto 3%.
Among stocks, Titan Company down about 1% ahead of the Company’s Q1 result scheduled to be declared today.
Majority financial stocks, including Non banking financial Companies such as L&T Finance Holdings were seen to make a recovery today by rising over 2.5% in trade.
Meanwhile, Crude oil prices edged up today but remained under stress as the rising US-China trade dispute raised concerns on global economic growth and future demand for crude oil.