Sensex Up Over 100 Points Amid Choppiness; Maruti Suzuki, M&M, Bajaj Auto Top Gainers

Auto stocks are witnessing buying interest in noon trading; Maruti Suzuki, M&M and Bajaj Auto have gained 3-6 per cent each on the BSE

Sensex Up Over 100 Points Amid Choppiness; Maruti Suzuki, M&M, Bajaj Auto Top Gainers

HCL Tech, Wipro, Tech Mahindra, Infosys and TCS have shed 1-3 per cent each on the BSE

The domestic stock markets are trading marginally in the positive amid bouts of choppiness on Monday afternoon, a day after the BSE Sensex scaled the 60,000 mark for the first time. The Sensex has moved in a range of a little over 500 points and as of 2:00 pm, the BSE benchmark index is trading at 60,180.25, higher by 136.82 points or 0.24 per cent and the NSE Nifty is at 17,889.55, up 35.25 points or 0.20 per cent, on the back of buying interest in auto shares. The broader markets i.e. the BSE Midcap index and BSE Smallcap index are absolutely flat.

In the currency market, the rupee slipped 5 paise to 73.73 against the U.S. dollar in early trade on Monday due to fresh demand for dollar from banks and importers. At the interbank foreign exchange, the rupee opened on a weak note at 73.70 and slid further to 73.73.

On the stock-specific front, auto stocks are witnessing buying interest in noon trading. Maruti Suzuki has soared more than 6 per cent to top the gainers list on the BSE. Other auto shares are also going strong, with M&M and Bajaj Auto gaining around 3 per cent each.

On the other hand, information technology stocks are seeing profit-booking post their recent run-up. HCL Tech, Wipro, Tech Mahindra, Infosys and TCS have shed 1-3 per cent each on the BSE.

Among stocks in the news, PVR and INOX Leisure rose 10 per cent and 18.43 per cent respectively on the BSE after Karnataka and Maharashtra eased Covid-induced restrictions on theatres.

Zee Entertainment shares bounced back from intra-day lows and were trading at Rs 325, up 2 per cent. The shares had corrected in the day on reports that one of its largest shareholders had renewed a demand to replace certain directors on the board.

The BSE market breadth is weak. Out of 3,479 stocks traded on the BSE, there are 1,619 advancing stocks as against 1,650 declines.

.