D-Street Buzz: Auto, midcap stocks rally led by Ashok Leyland, CG Power; HPCL, BEL jump 4%

Continuing the uptrend,�the Indian benchmark indices are trading on a positive note this Friday�afternoon with the Nifty�adding�60�points trading at 10,809�mark.�The Sensex is trading higher by�204�points at 35,779.

Nifty Auto gained the most�led by�Ashok Leyland�has jumped over�6�percent followed by Hero MotoCorp,�Bajaj Auto, TVS Motor and Tata Motors.

Nifty Energy is�up�over�1 percent led by BPCL and HPCL which jumped 2-4�percent followed by Reliance Industries which�is up over�1.5�percent. Indian Oil Corporation is the other oil & gas stock which added 1.5 percent in the afternoon trade.

Nifty midcap is also up over a percent with gains from CG Power, GMR Infra, IFCI, Jain Irrigation, JP Associates, Just Dial, SAIL and Sun TV Network among others.

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The top gainers among Nifty constituents were HPCL, Tata Motors and�Hero�Motor, Grasim Industries and�Bajaj Auto�which added 2-4 percent.

The most actively traded stocks on the NSE are Varroc Engineering which is up 2.5 percent followed by Reliance Industries,�TCS, Yes Bank and Infosys.

The top NSE losers included Tech Mahindra, Zee Entertainment, Bharti Infratel, Titan Company and ICICI Bank, each trading lower by over 1 percent.

Some of the top gainers on BSE are Bharat Electronics which jumped over 8 percent followed by Adani Power, Jain Irrigation Systems,�Engineers India�and Ashok Leyland.

The top losers included Hathway Cable which tanked�12�percent followed by DEN Networks�and Vakrangee�which are down�4-7 percent. Kwality�and Shriram�City Union are the other losers.

Asian Paints, Hindustan Unilever�and Alok Industries�are�the�few NSE stocks that hit fresh 52-week high in the�afternoon trade.

On the other hand,�143�stocks have hit new 52-week low including Amtek Auto, DEN Networks, Dena Bank, Hathway Cable, HDIL, INOX Wind, Kwality, Reliance Naval, Tata Power, Capital First and Vedanta among others.

The breadth of the market favoured�advances, with�1082�stocks advancing, 628�declining and�358�remaining unchanged. On BSE,�1449�stocks advanced, 1071�declined and�126�remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. First Published on Jul 6, 2018 02:37 pm