Market Update @Capitalstars: CNX metal outperforms led by Hindustan Copper; TCS trades in green, Hindalco jumps 4% 19 Apr 2018

The market breadth was in favour of the advances with 892 stocks advancing while 688 declined and 452 remained unchanged. On the other hand, in the BSE, 1041 stocks advanced and 861 declined and 93 remained unchanged.

The Indian equity market was trading on a positive note on Thursday morning with the Nifty gaining 28 points was trading at 10,554 while the Sensex was up 76 points or 0.22 percent.

The Nifty IT index gained close to 1 percent led by Mindtree which jumped 3.11 percent followed by HCL tech which added 1.5 percent while Tech Mahindra was up 1 percent.

Tata Consultancy Services ahead of its Q4 results was trading on a positive note and was up 0.4 percent in the morning trade.

Nifty metal index jumped 2.4 percent led by Hindustan Copper which zoomed over 11 percent followed by NALCO and Vedanta which added between 3-5 percent. Hindalco Industries, Jindal Steel & Power were the other performing metal stocks.

The top Nifty gainers included Hindalco Industries which jumped 4 percent while Vedanta from the same metal space gained 3.5  percent. Oil & Natural Gas Corporation, UltraTech Cement and Tata Steel were the other gainers.

The most active Nifty stocks included Mindtree which added 3 percent followed by Hindalco Industries, Vedanta, Tata Steel and TCS.

The top BSE gainers included Hindustan Copper which jumped close to 11 percent followed by MMTC, NALCO, Tata Steel and Vakrangee.

21 stocks hit fresh 52-week high including Godrej Consumer, Mindtree, KEC International and Pidilite Industries among others.

The market breadth was in favour of the advances with 892 stocks advancing while 688 declined and 452 remained unchanged. On the other hand, in the BSE, 1041 stocks advanced and 861 declined and 93 remained unchanged.

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