Sensex, Nifty consolidates, sectoral trend mixed
12/09/2019 14:48
Indian benchmarks trimmed all the gains and slipped into negative zone during the noon trading session after HSBC has downgraded India's economic growth forecast to 5.7 percent in the fiscal year 2019-2020 and 6.4 percent in the FY21 after the nation's first-quarter GDP growth slumped to 5 percent.

At 14:40 hours, the 30-share benchmark index was trading at 37223.76 down by -47.06 points or by -0.13 % and then NSE Nifty was at 10995.05 down by -40.65 points or by -0.37 %.

Sensex touched intraday high of 37435.15 and intraday low of 37127.52 The NSE Nifty touched intraday high of 11081.75 and intraday low of 10986.15

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 405.20,+2.75%), Sun Pharmaceutical Industries Ltd. (Rs. 431.25,+2.18%), IndusInd Bank Ltd. (Rs. 1392.40,+1.51%), HDFC Bank Ltd. (Rs. 2279.55,+1.37%), Housing Development Finance Corporation Ltd. (Rs. 2099.30,+1.33%), among others.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 127.70,-4.95%), Tata Motors Ltd. (Rs. 58.60,-4.87%), YES Bank Ltd. (Rs. 68.70,-4.05%), Maruti Suzuki India Ltd. (Rs. 6422.90,-2.66%), Axis Bank Ltd. (Rs. 666.65,-2.21%), among others.

Bankex index was at 31431.56 up by 215.42 points or by 0.69%. ICICI Bank Ltd. (Rs. 405.20,+2.75%), IndusInd Bank Ltd. (Rs. 1392.40,+1.51%), HDFC Bank Ltd. (Rs. 2279.55,+1.37%), State Bank of India (Rs. 287.85,+0.89%), Federal Bank Ltd. (Rs. 85.90,+0.23%),.

Auto index was at 16372.26 down by -293.57 points or by -1.76%. Tata Motors Ltd. (Rs. 127.70,-4.95%), TVS Motor Company Ltd. (Rs. 389.55,-3.29%), Bosch Ltd. (Rs. 13858.75,-2.76%), Maruti Suzuki India Ltd. (Rs. 6422.90,-2.66%), Cummins India Ltd. (Rs. 569.40,-2.24%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2708 , shares advanced were 1437 while 1090 shares declined and 181 were unchanged.