Markets

News Details

( 17 Oct 2019)
Sensex gains 70 points; Nifty nears 11500

Indian benchmarks continued to trade in green on Thursday led by gains in banking stocks amid sustained foreign fund inflows.

Besides, easing global crude prices also helped buying sentiment, traders said.

At 10:38 hours, the 30-share benchmark index was trading at 38670.75 up by 71.76 points or by 0.19 % and then NSE Nifty was at 11473.7 up by 9.7 points or by 0.08 %.

Sensex touched intraday high of 38702.89 and intraday low of 38557.43 The NSE Nifty touched intraday high of 11480.9 and intraday low of 11439.65

Top gainers in the Sensex pack included HDFC, ITC, TCS, NTPC, Asian Paint, L&T, IndusInd Bank, HDFC Bank, Axis Bank, SBI and Sun Pharma.

On the other hand, Vedanta, Tata Steel, ONGC, HCL Tech, M&M, TechM and Tata Motors fell up to 1.94 per cent.

Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing Rs 686.33 crore on Wednesday, and domestic institutional investors bought shares worth Rs 1,576.73 crore, data available with stock exchange showed.

Elsewhere in Asia, bourses in Hong Kong, Shanghai and Tokyo were trading on a positive note, while those in Seoul were in the red.

The US markets finished modestly lower on Wednesday after a subdued retail sales report.

Brent futures, the global oil benchmark, fell 0.69 per cent to USD 59.01 per barrel.

The rupee, meanwhile, strengthened by 3 paise against the US dollar to trade at 71.40 in early session.

Among the sectors, FMCG index was at 11770.65 up by 76.86 points or by 0.66%. Bajaj Consumer Care Ltd. (Rs. 258.00,+9.95%), Emami Ltd. (Rs. 346.30,+8.59%), Andrew Yule & Company Ltd. (Rs. 12.59,+4.83%), Kwality Ltd. (Rs. 2.05,+4.59%), Advanced Enzyme Technologies Ltd. (Rs. 152.20,+3.68%),.

On the flip side, Metal index was at 8797.17 down by -96.7 points or by -1.09%. National Aluminium Company Ltd. (Rs. 40.05,-3.84%), Hindalco Industries Ltd. (Rs. 184.15,-2.15%), Vedanta Ltd. (Rs. 146.60,-2.07%), JSW Steel Ltd. (Rs. 216.20,-1.82%), Steel Authority of India (SAIL) Ltd. (Rs. 32.35,-1.37%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1902 , shares advanced were 943 while 833 shares declined and 126 were unchanged.