Sensex trades positive; Bank of Baroda gains 1%
12/09/2019 13:35
The Indian benchmark indices continue to trade flat on Thursday. Sectoral indices are trading on a mixed note with Auto down a per cent while PSU Bank, Private Bank, Financial Services index are all up 0.7 per cent each.

In individual stocks, the shares of Bank of Baroda surged over a per cent after the sources stated that the state lender was looking at selling almost Rs 9,000 crore of bad loans. The bank is looking to sell its exposure to 35 stressed companies, with the state lender putting the entire Rs 2,500 crore exposure to Reliance Communications on sale.

At 13:23 hours, the SENSEX was trading at 37312.55 up by 41.73 points or by 0.11 per cent and then NSE Nifty was at 11041.15 up by 5.45 points or by 0.05 per cent. The BSE Sensex touched intraday high of 37435.15 and intraday low of 37227.95 The NSE Nifty touched intraday high of 11081.75 and intraday low of 11015.8.

The top gainers of the BSE Sensex were ICICI Bank Ltd. (Rs. 405.50,+2.83%), Sun Pharmaceutical Industries Ltd. (Rs. 432.00,+2.36%), Housing Development Finance Corporation Ltd. (Rs. 2108.55,+1.78%), IndusInd Bank Ltd. (Rs. 1395.35,+1.72%), HDFC Bank Ltd. (Rs. 2283.00,+1.52%), among others.

The top losers of the BSE Sensex were YES Bank Ltd. (Rs. 68.40,-4.47%), Tata Motors Ltd. (Rs. 59.00,-4.22%), Tata Motors Ltd. (Rs. 128.90,-4.06%), Axis Bank Ltd. (Rs. 668.90,-1.88%), Maruti Suzuki India Ltd. (Rs. 6480.05,-1.79%), among others.

Among sectors, HCS index was at 13149.49 up by 91.17 points or by 0.7%. Wockhardt Ltd. (Rs. 338.00,+16.03%), Healthcare Global Enterprises Ltd. (Rs. 113.45,+12.22%), Eris Lifesciences Ltd. (Rs. 436.65,+11.78%), Sun Pharma Advanced Research Company Ltd. (Rs. 159.00,+5.65%), Vimta Labs Ltd. (Rs. 107.25,+4.69%),.

On the other hand, TECk index was at 7691.73 down by -72.59 points or by -0.93%. Oracle Financial Services Software Ltd. (Rs. 2943.75,-2.16%), Larsen & Toubro Infotech Ltd. (Rs. 1607.70,-1.98%), Zee Entertainment Enterprises Ltd. (Rs. 348.35,-1.72%), Bharti Airtel Ltd. (Rs. 349.15,-1.72%), Tata Consultancy Services Ltd. (Rs. 2121.15,-1.52%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2558 , shares advanced were 1470 while 936 shares declined and 152 were unchanged.