Sensex, Nifty firm; UBL falls 3%
22/05/2019 11:56
The equity indices are trading range-bound in the late morning session with FMCG, media stocks in loss. Among sectors, Media stocks fell 1.31 per cent whereas financial service sector being the biggest gainer rose 0.74 per cent. United Breweries Ltd shares slipped nearly 3 per cent and dragged FMCG sector down after the company showed weak Q4 numbers. On the corporate front, Eros International being the top gainer is up 3.5 per cent while PVR Ltd is down 2.52 per cent. Among, individual shares, the shares of Sintex Plastics Technology surged 5.5 percent after the company approved to explore the sale of auto division of Sintex-BAPL, on the other hand, shares of Jet Airways rallied up to 9 per cent on the back of heavy volumes being traded on the hopes of the airline's revivial.

At 11:26 hours, the SENSEX was trading at 39048.22 up by 78.42 points or by 0.2 per cent and then NSE Nifty was at 11723.3 up by 14.2 points or by 0.12 per cent. The BSE Sensex touched intraday high of 39196.77 and intraday low of 38903.87 The NSE Nifty touched intraday high of 11760.65 and intraday low of 11682.4.

The top gainers of the BSE Sensex were Sun Pharmaceutical Industries Ltd. (Rs. 417.85,+2.24%), ICICI Bank Ltd. (Rs. 406.60,+1.56%), Tata Motors Ltd. (Rs. 84.25,+1.38%), Oil And Natural Gas Corporation Ltd. (Rs. 176.15,+1.06%), Housing Development Finance Corporation Ltd. (Rs. 2136.00,+1.04%), among others. On the other hand, the top losers of the BSE Sensex were IndusInd Bank Ltd. (Rs. 1409.15,-2.65%), ITC Ltd. (Rs. 297.65,-2.51%), YES Bank Ltd. (Rs. 137.80,-2.27%), Hindustan Unilever Ltd. (Rs. 1754.70,-1.61%), Tata Consultancy Services Ltd. (Rs. 2087.75,-1.02%), among others.

Among sectors, Realty index was at 2074.7 up by 17.67 points or by 0.86%. Phoenix Mills Ltd. (Rs. 639.95,+3.83%), DLF Ltd. (Rs. 174.50,+1.93%), Sobha Ltd. (Rs. 511.35,+1.02%), Indiabulls Real Estate Ltd. (Rs. 117.60,+0.56%), Godrej Industries Ltd. (Rs. 852.80,+0.44%),. On the flip side, CDS index was at 24460.37 down by -129.94 points or by -0.53%. VIP Industries Ltd. (Rs. 441.50,-2.16%), Crompton Greaves Consumer Electricals Ltd. (Rs. 219.90,-1.12%), PC Jeweller Ltd. (Rs. 102.80,-0.96%), Titan Company Ltd. (Rs. 1236.55,-0.95%), Rajesh Exports Ltd. (Rs. 655.90,-0.58%),. The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2225 , shares advanced were 1000 while 1083 shares declined and 142 were unchanged.