Market Update: LT, Airtel top gainers; Just Dial zooms over 15%, Jet hits 52-week high
The Indian benchmark indices on Friday morning were trading on a negative note with the Nifty down 23 points or 0.22 percent while the Sensex shed 68 points at 33182.
The Nifty midcap index was trading in the red, down 0.15 percent dragged by CG Power, HPCL, India Cements and Jain Irrigation. However Just Dial zoomed over 15 percent.
From Bank Nifty Index, ICICI Bank was up 1 percent while Bank of India was up over 2 percent.
From the Nifty, the stocks that gained the most were Larsen & Toubro which was up close to 2 percent while Lupin gained 1.6 percent. Bharti Airtel and GAIL India also added over 1 percent each.
The most active stocks included Just Dial which zoomed close to 15 percent followed by Hatsun Agro, Tata Motors, Aurobindo Pharma and State Bank of India.
From the BSE, the stocks that gained the most included Just Dial which zoomed over 13 percent followed by Rattan India which jumped 9.48 percent while Godfrey Phillips, Jaiprakash Associates and Mphasis were the other top gainers.
The stocks that hit new 52-week high on NSE included Bank of India, Britannia Industries, Jet Airways, Page Industries, Rain Industries and Tata Global Beverage.
From the BSE, the stocks that hit fresh 52-week high were GSK Consumer Healthcare, Lumax Industries, Balkrishna Industries, Saregama India, Voltas and Page Industries.
The market breadth was in favour of the declines on Friday morning with 662 stocks advancing as against 899 declines. On the other hand, 952 stocks advanced and 1057 stocks declined on the BSE.
Global research firm BofAML has retained a buy call on Tata Motors and has raised the target to Rs 535 from Rs 525 per share.
On the other hand, Credit Suisse has downgraded Page Industries to underperform from neutral, but has raised the target to Rs 18,500 from Rs 15,000 per share.
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