Nifty Mid-Afternoon Update; Top Stocks to watch

 

Short time volatility was observed in the market as key benchmarks hit fresh intraday high in mid-afternoon trade.

Over 20 stocks including Ahluwalia Contracts (India) Limited, Apcotex Industries Limited, Ashok Leyland Limited, Asian Hotels (North) Limited, Ausom Enterprise Limited, Bajaj Electricals Limited  hit fresh 52-week highs on NSE afternoon hours of trade,  Tuesday.

The NSE Nifty index was trading 30.50 points up at 10,615, while the BSE Sensex was up 171.67 points at 34,622.44 around 2.25 pm.

Reliance Industries, Yes Bank, Bajaj Finserv, ICICI bank, HDFC were top gainers while Hilando, Vedenta, Wipro were losers in NSE Nifty.

Metal stocks fall on aluminium prices. Nifty metal index falls 2.64 percent. Except APL Apollo Tubes Limited and Coal India, all components are trading down on Nifty Metal Index. Among them, shares of HIlando, National Aluminium, Welspun Corp Limited, Vedanta Limited, Hindustan Copper Limited and Tata Steel Limited were down 2 to 8% in range.

Shares of Coromandel International registered unexpected selling pressure in the afternoon trade on after the company reported 49% year-on-year fall in net profit at Rs 73.53 crore for the quarter March 31, 2018.

Alembic Pharma stock rises 2.76 percent after successful USFDA inspection.

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