Mumbai: Capital goods and automobile stocks are driving morning gains in Indian stocks. A weaker crude is aiding sentiment as well. Brent crude eased $0.17 to $115.42 in Asian energy markets.
Sensex: 18,889 +0.40%
Nifty: 5,671 +0.31%
Some positive news flow about the government planning to award 11,000 km of road projects the next financial year and L&T’s plans to sell stakes in some joint ventures buoyed capital goods scrips. Larsen & Toubro, Bhel, Punj Lloyd and Usha Martin are leading the gains in the capital goods space.
BSE Capital Goods: 13,181 +1.2%
BSE Auto: 8,948 +1.13%
BSE Bankex: 13,052 +0.98%
Tata Motors and Mahindra & Mahindra are leading the gains in the automobile pack.
Tata Motors: Rs 1,209 +2.30%
Mahindra & Mahindra: Rs 683 +1.58%
Apollo Tyres: Rs 69.05 +1.02%
The overall breadth of the market is positive with 1,459 stocks trading with gains in the BSE. About 810 stocks lost value.