Indian benchmark indices continued to trade higher during the noon trading session on report that Indian manufacturing industry continued to perform well in November. After slowing in October, growth of output gathered pace as strengthening client demand and more favourable input supply boosted production volumes.
Picking up from October's eight-month low of 55.5 to 56.0 in November, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) indicated a stronger improvement in operating conditions. The reading was below the average for the second fiscal quarter (57.9), but outpaced the series trend.
At 12:30 hours, the 30-share benchmark index was trading at 67506.49 up by 518.05 points or by 0.77 % and then NSE Nifty was at 20275.3 up by 142.15 points or by 0.71 %.
Sensex touched intraday high of 67557.14 and intraday low of 67149.07 The NSE Nifty touched intraday high of 20285.15 and intraday low of 20183.7
The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 273.15,+4.54%), ITC Ltd. (Rs. 447.90,+2.82%), Axis Bank Ltd. (Rs. 1099.85,+2.34%), Larsen & Toubro Ltd. (Rs. 3179.55,+2.18%), Asian Paints Ltd. (Rs. 3172.00,+1.67%), among others.
The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 407.50,-1.39%), Bharti Airtel Ltd. (Rs. 1010.20,-0.43%), Infosys Ltd. (Rs. 1451.50,-0.26%), HCL Technologies Ltd. (Rs. 1337.05,-0.24%), JSW Steel Ltd. (Rs. 798.20,-0.18%), among others.
Power index was at 5027.26 up by 106.41 points or by 2.16%. NHPC Ltd. (Rs. 57.30,+5.37%), NTPC Ltd. (Rs. 273.15,+4.54%), Adani Power Ltd. (Rs. 447.00,+3.64%), JSW Energy Ltd. (Rs. 419.00,+2.67%), Tata Power Company Ltd. (Rs. 275.00,+2.63%),.
TECk index was at 14877.7 down by 3.51 points or by 0.02%. Hughes Ispat Ltd. (Rs. 93.15,-2.16%), Wipro Ltd. (Rs. 407.50,-1.39%), Tata Communications Ltd. (Rs. 1682.75,-1.38%), Route Mobile Ltd. (Rs. 1540.40,-0.71%), Coforge Ltd. (Rs. 5729.45,-0.52%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3959 , shares advanced were 2419 while 1369 shares declined and 171 were unchanged.