Key
benchmark indices advanced on buying by domestic institutional investors amid
positive leads from Asian markets. Buying interest in Bank/Financial, pharma
and FMCG counters were picking up momentum, while IT, metal and Auto stocks
were losing sheen.
The
NSE Nifty index was trading 20.55 points up at 10,736.05, while the BSE Sensex
was up 88.21 points at 35,296.35 around 11:15 am.
Shares
of ICICI Bank surged near 7 percent at Rs. 309.85, leading the pack of Nifty
gainers. ICICI Bank shares rose on expectation of improvement in asset
quality.
Shares
of Godrej Properties gained 5.29% to Rs. 894.80 per share after the Company
registered a turnover of Rs. 8.09 crore and a volume of 0.91 lakh shares.
Shares
of Tata Coffee Limited were trading down by 6.23% to Rs.125.00 after the company
reported a 62% decline in its consolidated net profit to Rs 22.40 crore in
the quarter ended 31 March 2018.
Meantime,
the Indian Rupee hit a fresh 15-month low of 67.20 versus the USD in today. The
domestic currency was at 67.26, at 0.6 paise higher, than the opening. ICRA Rating Agency on Monday said that the
weakened rupee could diminish the demand for jewellery buying by 2 - 4% for the
calendar year 2018 on account higher gold prices.
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