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News Details

( 09 Oct 2019)
Sensex, Nifty open flat; HCL Tech, TCS down 1%

Indian benchmarks started the day on a flat note on Wednesday as gains in shares of HDFC Bank, Hindustan Unilever and ICICI Bank were offset by losses in those of TCS, Reliance Industries and Infosys.

The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 16 paise at 71.18 per dollar versus Monday's close 71.02.

Investors will be looking for Q2 results of about 6 companies, including Goa Carbon, that are scheduled to announce results later in the day.

Investors with global equity exposure may eye minutes of the Federal Reserve's September monetary policy meeting scheduled to be released later today. Fed chair Jerome Powell, in a speech on Tuesday, flagged openness to further rate cuts.

At 9:30 hours, the 30-share benchmark index was trading at 37568.88 up by 36.9 points or by 0.1 % and then NSE Nifty was at 11127.35 up by 0.95 points or by 0.01 %.

Sensex touched intraday high of 37663.12 and intraday low of 37503.74 The NSE Nifty touched intraday high of 11159.15 and intraday low of 11110.45

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 421.85,+1.33%), Mahindra & Mahindra Ltd. (Rs. 559.80,+1.30%), Larsen & Toubro Ltd. (Rs. 1410.50,+0.94%), IndusInd Bank Ltd. (Rs. 1251.55,+0.79%), Asian Paints Ltd. (Rs. 1736.00,+0.78%), among others.

The top losers of the BSE Sensex pack were YES Bank Ltd. (Rs. 42.15,-7.57%), HCL Technologies Ltd. (Rs. 1049.00,-2.34%), Oil And Natural Gas Corporation Ltd. (Rs. 124.50,-1.54%), Tata Consultancy Services Ltd. (Rs. 2027.70,-1.23%), Hero MotoCorp Ltd. (Rs. 2643.00,-1.19%), among others.

Among the sectors, CGS index was at 17882.01 up by 137.12 points or by 0.77%. SKF India Ltd. (Rs. 2143.70,+1.95%), NBCC (India) Ltd. (Rs. 33.00,+1.54%), Siemens Ltd. (Rs. 1541.95,+1.41%), ABB India Ltd. (Rs. 1484.15,+1.34%), Larsen & Toubro Ltd. (Rs. 1411.00,+0.98%),.

On the flip side, CDS index was at 25024.36 down by -695.67 points or by -2.7%. Titan Company Ltd. (Rs. 1186.25,-5.80%), Voltas Ltd. (Rs. 663.35,-0.15%), TTK Prestige Ltd. (Rs. 6090.55,-0.13%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1242 , shares advanced were 649 while 530 shares declined and 63 were unchanged.