Market Now: VIP Industries, Titan keep consumer durables index up

NEW DELHI: Consumer durable stocks were at a crossroads on Tuesday.

However, gains in some such as VIP Industries (up 2.51 per cent) and Titan Company (1.54 per cent) kept the sectoral index up.

The BSE Consumer Durables index was 0.48 per cent higher at 21,519 around 12:45 pm.

TTK Prestige (up 1.09 per cent), Whirlpool of India (0.82 per cent) and Symphony (0.31 per cent) propped up the index too.

On the other hand, PC Jeweller (down 3.40 per cent), Blue Star (1.35 per cent), Crompton Greaves Consumer Electricals (1.30 per cent), Rajesh Exports (0.93 per cent) and Bajaj Electricals (0.69 per cent) rolled down.

Equity markets were in fine nick. A saffron surge in Karnataka turned the bulls super-bullish. The benchmark Sensex surged some 400-points and went past 35,923, a level last seen in January.

Later, the BSE Sensex was up 244 points at 35,801 while the NSE Nifty added 70 points at 10,876.

Tata Steel surged almost 4 per cent, leading the pack of Sensex gainers.

Original Article

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