Stock market update: Market trades higher; these stocks make merry

NEW DELHI: Shares of Hindustan Construction Company (HCC) (up 12.23 per cent) and Kokuyo Camlin (up 10.41 per cent) surged over 10 per cent on NSE in morning trade on Thursday amid positive market sentiment.

As per PTI, infrastructure firm HCC on Wednesday reported a standalone net loss of Rs 19.7 crore for the June quarter, mainly due to rise in expenses. The company had reported a net profit of Rs 14.5 crore in the year-ago period.

However, total income increased marginally to Rs 1,001.18 crore, compared with Rs 991.12 crore last year.


Reliance Communications (up 5.71 per cent), Jaiprakash Associates (up 5.67 per cent), NALCO (up 5.42 per cent), Genesys International Corporation (up 5.10 per cent) and Nalwa Sons Investments (up 5.04 per cent) were trading over 5 per cent higher around the same time.
Equity market was in the positive territory amid mixed global cues.

Gains in heavyweights, including ICICI Bank, Infosys, Reliance Industries, Axis Bank and State Bank of India were keeping the market up.

The NSE Nifty index was trading 30 points up at 11,480, while the BSE Sensex was up 157 points at 38,045 around 10:10 am.

Overall, 26 stocks were in the green, while 24 were in the red in the Nifty index.

ICICI Bank, Cipla, Lupin, Sun Pharma and Tata Motors were among the top gainers in the Nifty index, whereas Titan Company, UPL, ONGC, Zee Entertainment and Hindustan Unilever were among the top losers.