Sensex crosses 100 pts; Nifty50 stocks trade flat
22/05/2019 13:46
The domestic benchmark indices continue to trade flat with private bank shares trading on a mixed note. ICICI, Kotak Mahindra and Axis bank are the gainers and on the flip side, IndusInd, IDFC and Yes Bank are the losers. In the individual shares, the shares of Jindal Steel and Power dropped around 10 per cent after the company reported a net loss of Rs 2,713.34 crore for the quarter ended March 2019, on the other hand, the shares of Bhageria Industries jumped 17 per cent after the company announced maiden bonus issue plan.

At 13:17 hours, the SENSEX was trading at 39077.85 up by 108.05 points or by 0.28 per cent and then NSE Nifty was at 11728.25 up by 19.15 points or by 0.16 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. 421.60,+3.16%), Bajaj Auto Ltd. (Rs. 3033.00,+1.75%), Hero MotoCorp Ltd. (Rs. 2702.00,+1.70%), Bharti Airtel Ltd. (Rs. 336.00,+1.57%), Tata Motors Ltd. (Rs. 84.40,+1.56%), among others. On the other hand, the top losers of the BSE Sensex were IndusInd Bank Ltd. (Rs. 1411.00,-2.52%), ITC Ltd. (Rs. 297.95,-2.41%), YES Bank Ltd. (Rs. 138.45,-1.81%), Hindustan Unilever Ltd. (Rs. 1758.25,-1.42%), Tata Consultancy Services Ltd. (Rs. 2083.50,-1.22%), among others.

Among sectors, CGS index was at 18759.11 up by 135.72 points or by 0.73%. Bharat Electronics Ltd. (Rs. 101.45,+4.80%), Dilip Buildcon Ltd. (Rs. 565.85,+4.16%), BEML Ltd. (Rs. 927.50,+3.43%), CG Power and Industrial Solutions Ltd. (Rs. 38.70,+2.38%), Bharat Heavy Electricals Ltd. (Rs. 64.70,+2.13%),. On the flip side, CDS index was at 24419 down by -171.31 points or by -0.7%. Crompton Greaves Consumer Electricals Ltd. (Rs. 217.30,-2.29%), VIP Industries Ltd. (Rs. 444.50,-1.50%), Titan Company Ltd. (Rs. 1233.20,-1.21%), Blue Star Ltd. (Rs. 748.00,-0.39%), Whirlpool of India Ltd. (Rs. 1435.00,-0.38%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2559 , shares advanced were 1172 while 1216 shares declined and 171 were unchanged.