The equity benchmark indices were trading in red in late morning on Wednesday tracking mixed Asian cues. The rupee on Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes. Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent. The shares of IOL Chemicals and Pharmaceuticals (IOL) were trading 5 per cent higher at Rs 207 per share in morning trade on BSE, extending its past six trading days gain after CARE Ratings improved the credit rating for banking facilities availed by the company. The shares of multiplex chain operator PVR were trading near its record high at Rs 1,643, up 2 per cent, in an otherwise range-bound market on the expectation of strong December quarter (Q3FY19) results. The stock of PVR was 1 per cent away from its all-time high of Rs 1,660 recorded on April 28, 2017 in the intra-day trade.
At 11:12 hours, the BSE SENSEX was trading at 36189.6 down by -23.31 points or by -0.06 per cent and then NSE Nifty was at 10839.85 down by -15.3 points or by -0.14 per cent. The BSE Sensex touched intraday high of 36269.31 and intraday low of 36127.33 The NSE Nifty touched intraday high of 10859.35 and intraday low of 10825.35.
The top gainers of the BSE Sensex were Tata Motors Ltd. (Rs. 186.60,+1.91%), Tata Motors Ltd. (Rs. 98.20,+1.29%), NTPC Ltd. (Rs. 147.75,+1.09%), Bajaj Auto Ltd. (Rs. 2723.55,+1.04%), Hindustan Unilever Ltd. (Rs. 1798.50,+0.86%), among others.
The top losers of the BSE Sensex were IndusInd Bank Ltd. (Rs. 1565.50,-2.21%), Axis Bank Ltd. (Rs. 664.05,-0.90%), Housing Development Finance Corporation Ltd. (Rs. 1976.45,-0.85%), ICICI Bank Ltd. (Rs. 379.15,-0.75%), Kotak Mahindra Bank Ltd. (Rs. 1231.25,-0.62%), among others.
Sector wise, BSE CDS index was at 20936.78 up by 104.23 points or by 0.5%. Whirlpool of India Ltd. (Rs. 1492.70,+2.71%), TTK Prestige Ltd. (Rs. 7605.00,+1.71%), Symphony Ltd. (Rs. 1137.00,+1.04%), Rajesh Exports Ltd. (Rs. 574.05,+0.49%), PC Jeweller Ltd. (Rs. 81.60,+0.43%). On the flip side, BSE Bankex index was at 30998.64 down by -167.85 points or by -0.54%. IndusInd Bank Ltd. (Rs. 1565.50,-2.21%), Axis Bank Ltd. (Rs. 664.05,-0.90%), ICICI Bank Ltd. (Rs. 379.15,-0.75%), Kotak Mahindra Bank Ltd. (Rs. 1231.25,-0.62%), YES Bank Ltd. (Rs. 186.05,-0.19%).
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2223 , shares advanced were 1185 while 910 shares declined and 128 were unchanged.