Sensex, Nifty gain ahead of FM press meet
20/09/2019 10:48
Indian benchmarks continued to trade higher duirng the morning trading session ahead of Finance Minister Press Meet.The GST Council meeting scheduled today will be keenly watched by India Inc as its outcome could prove to be a deciding factor in charting the direction of the economy.

Experts believe measures announced by Finance Minister Nirmala Sitharaman over the last one month are not enough to drive an economy that grew 5 percent in the first quarter of FY20 against 5.8 percent in the previous quarter.

At 10:35 hours, the 30-share benchmark index was trading at 36187.18 up by 93.71 points or by 0.26 % and then NSE Nifty was at 10716.05 up by 11.25 points or by 0.11 %.

Sensex touched intraday high of 36250.43 and intraday low of 36085.74 The NSE Nifty touched intraday high of 10746.8 and intraday low of 10691.

The top gainers of the BSE Sensex pack were YES Bank Ltd. (Rs. 55.70,+2.86%), HDFC Bank Ltd. (Rs. 1124.80,+2.22%), Hero MotoCorp Ltd. (Rs. 2585.95,+2.11%), Maruti Suzuki India Ltd. (Rs. 6053.80,+1.95%), Mahindra & Mahindra Ltd. (Rs. 528.30,+1.73%), among others.

The top losers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 3293.35,-2.07%), NTPC Ltd. (Rs. 119.30,-2.01%), State Bank of India (Rs. 270.00,-1.48%), Power Grid Corporation of India Ltd. (Rs. 198.45,-1.34%), Axis Bank Ltd. (Rs. 631.45,-1.07%), among others.

Among the sectors, Auto index was at 15747.19 up by 198.59 points or by 1.28%. Hero MotoCorp Ltd. (Rs. 2597.70,+2.58%), Maruti Suzuki India Ltd. (Rs. 6070.90,+2.23%), Ashok Leyland Ltd. (Rs. 59.40,+1.80%), Eicher Motors Ltd. (Rs. 16038.40,+1.77%), Mahindra & Mahindra Ltd. (Rs. 528.45,+1.76%),.

On the flip side, Power index was at 1884.4 down by -21.35 points or by -1.12%. Adani Transmission Ltd. (Rs. 216.25,-2.22%), NTPC Ltd. (Rs. 119.55,-1.81%), NHPC Ltd. (Rs. 23.25,-1.48%), Power Grid Corporation of India Ltd. (Rs. 198.60,-1.27%), Torrent Power Ltd. (Rs. 278.15,-0.75%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1922 , shares advanced were 831 while 996 shares declined and 95 were unchanged.