Indices trade higher, Nifty holds 11,050
12/09/2019 10:42
Indian benchmarks continued to trade in green duirng the morning trade but pared some gains.Investors are eyeing factory output (IIP) for July and retail inflation (CPI inflation) for August set to be released later in the day.

At 10:35 hours, the 30-share benchmark index was trading at 37356.5 up by 85.68 points or by 0.23 % and then NSE Nifty was at 11051.6 up by 15.9 points or by 0.14 %. Sensex touched intraday high of 37435.15 and intraday low of 37320.57 The NSE Nifty touched intraday high of 11081.75 and intraday low of 11047.85.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 405.95,+2.94%), IndusInd Bank Ltd. (Rs. 1405.35,+2.45%), Tata Steel Ltd. (Rs. 373.45,+1.73%), Oil And Natural Gas Corporation Ltd. (Rs. 127.65,+1.55%), Housing Development Finance Corporation Ltd. (Rs. 2099.00,+1.32%), among others.

The top losers of the BSE Sensex pack were YES Bank Ltd. (Rs. 68.70,-4.05%), Tata Motors Ltd. (Rs. 59.70,-3.08%), Tata Motors Ltd. (Rs. 130.95,-2.53%), Bharti Airtel Ltd. (Rs. 349.25,-1.69%), Maruti Suzuki India Ltd. (Rs. 6493.85,-1.58%), among others.

Among the sectors, Bankex index was at 31485.7 up by 269.56 points or by 0.86%. ICICI Bank Ltd. (Rs. 405.95,+2.94%), IndusInd Bank Ltd. (Rs. 1405.35,+2.45%), Federal Bank Ltd. (Rs. 86.50,+0.93%), HDFC Bank Ltd. (Rs. 2265.70,+0.75%), State Bank of India (Rs. 286.55,+0.44%),.

Auto index was at 16524.71 down by -141.12 points or by -0.85%. Tata Motors Ltd. (Rs. 130.95,-2.53%), TVS Motor Company Ltd. (Rs. 394.70,-2.01%), Maruti Suzuki India Ltd. (Rs. 6493.85,-1.58%), Bharat Forge Ltd. (Rs. 405.10,-1.50%), Eicher Motors Ltd. (Rs. 16792.00,-1.30%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2009 , shares advanced were 1300 while 622 shares declined and 87 were unchanged.