Indian equities are trading on positive note on Monday led by consumer durables, FMCG and power stocks. At 2.43 p.m., the Sensex was trading up 211.53 points or 0.77% at 27,583.37 with 22 components gaining. Meanwhile, the Nifty was trading higher by 36.75 points or 0.45% at 8,261.95 with 38 components gaining.
The Consumer Durables index was climbed by 1.43% followed by FMCG ( 1.42%) and Power (1.39%). On the other hand IT dropped by 0.65%. Coal India, NTPC, BHEL and GAIL are major gainers in the Sensex pack. On the other hand, Hindalco, TCS, Tata Steel and Infosys are top losers in the benchmark index.
Overall market breadth was positive with 1,471 advances against 1,359 declines.
Shares of NTPC and BHEL are active in day's trade. Shares of NTPC registered a gain of 2.92% after it been awarded a contract from the Belgian offshore wind farm operator Northwind to provide operation and maintenance services for the 216 MW wind farm offshore substation on the Lodewijk bank, 40 km off the Belgian coast.
Shares of BHEL witnessed a gain of 2.63% after the company bagged an order worth Rs 1.17 billion (approx) for design, engineering, supply and construction of various sub-stations for a power project.