After opening the day on a positive note, the Indian Indices are trading higher in the post noon trading session. Most sectoral indices are trading in the green with stocks from the engineering and power sectors leading the gainers.
The BSE-Sensex is trading up 298 points (up 1%) and the NSE-Nifty is trading up 83 points (up 1%). The BSE Mid Cap index is trading up 1% and the BSE Small Cap index is trading up 1.2%. Commodity prices are trading on a positive note. Gold prices, per 10 grams, are trading at Rs 26,865 levels. Silver price, per kilogram is trading at Rs 36,898 levels. Crude oil is trading in green and is up trading at Rs 3,905 per barrel. The rupee is trading at 63.79 to the US dollar.
Real estate stocks are trading on a mixed note with NCC Ltd and Patel Engg witnessing buying interest. Shares of DLF Ltd, the colonization and real estate development company, surged around 2.4% in the morning trade. This was after the announcement that DLF's subsidiary, DLF Utilities, has entered into agreements to sell its cinema exhibition business operated under the brand name of 'DT Cinemas'. The agreement is to sell 'DT Cinemas' to PVR on a slump sale basis for an aggregate consideration of Rs 5 bn. the proposed transaction is subject to approval of applicable statutory and regulatory approvals. DT Cinemas currently operates 29 screens across 8 properties in the National Capital Region. Currently the stock of DLF Ltd is trading up by 1.8%.
Stocks in the automobile sector are trading on a positive note with Tube Investments and Eicher Motor leading the gains. As per a leading financial daily, shares of Bajaj Auto gained over 1.5% on BSE in the morning trade. This was after the increase in sales of two bike brands of the company named CT 100 and Platina. Combined sales of Bajaj Auto in the entry level no-frills segment since January has shot up to 80,000 units a month from an average of 35,000 units per month. Further, the market share of bikes in this segment has also gone up by 16% during this period. At the time of writing, stock of Bajaj Auto was trading up nearly 2%.