Sensex up by 129 points in intra-noon trade

Mumbai, June 27 (UNI) After recovering from the lower level, the BSE sensitive index (Sensex) is currently trading at 10,171.97 points, which is 129 points above the previous close.

Earlier, tracking the firm Asian markets, the Sensex had opened in the green only to drop below the 10k mark in the intra morning trade.

The Sensex swung 323 points between the high of 10,224 to the low of 9901 points since morning.

In the sectoral indices, the IT, metals, and auto indices have performed extremely well on the Sensex. Metals was up by 2.64 per cent, IT by 1.64 per cent and FMCG by 3.27 per cent. However, the Midcap and the Smallcap indices on the Sensex declined by 0.76 and 1.74 per cent.

Index heavyweight Reliance Industries Ltd (RIL) firmed up and struck a high of Rs 1,010.95, during the annual general meeting. It surged 1.66 per cent to Rs 998 on a very high volume of 36.71 lakh shares. In the AGM, RIL chairman Mukesh Ambani said that the company would foray into the retail sector by opening 25 new stores across India.

This announcement is likely to give a strong boost to the retail sector.

Reliance Industries (RIL) was the top-traded counter on BSE with a turnover of Rs 357.91 crore, followed by Tata Steel (Rs 129.25 crore) and Reliance Capital (Rs 72.38 crore).

Among other gainers on the index were ITC, HDFC, Tata Steel, Wipro, HLL, Infosys, Tata Motors, L&T and ACC, all up between 1.5 to 5.5 per cent.

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