• Sensex   44149.72   -110.02  sensex_dwn_arr
  • Nifty   12968.95   -18.05   sensex_dwn_arr
  • Bank Nifty   29609.05   0.20   sensex_up_arr
  • BSE Midcap   16914.65   1.91  sensex_up_arr
  • USDINR   74.20   0.17   sensex_up_arr
Mid Session
Home >> Markets >> Equity >> News >> Mid Session Detailed News
Barometers sharply pare losses; IT shares in demand
(12:32, 20 Nov 2020)

The equity barometers sharply pared losses in early afternoon trade. At 12:31 IST, the barometer index, the S&P BSE Sensex, was down 25.10 points or 0.06% at 43,625.06. The Nifty 50 index lost 8.85 points or 0.07% at 12,780.55.

Kotak Mahindra Bank (up 1.39%), HDFC (up 1.04%) and HDFC Bank (up 0.94%) were major market movers.

Index heavyweight Reliance Industries was down 2.79% to Rs 1917.55, dragging the indices lower.

In the broader market, the S&P BSE Mid-Cap index gained 0.72% while the S&P BSE Small-Cap index rose 0.50%.

The market breadth was negative. On the BSE, 1329 shares rose and 1238 shares fell. A total of 169 shares were unchanged.

Coronavirus Update:

Total COVID-19 confirmed cases worldwide stood at 56,895,516 with 1,360,342 deaths.

India reported 443,794 active cases of COVID-19 infection and 132,162 deaths while 8,428,409 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.

Economy:

The credit ratings agency, Fitch Ratings, has said that economic reforms in India could support the country's medium-term growth. Fitch expects Indian government to undertake more reform measures over next few years and while it also expects reforms to also take place at state-level.

Meanwhile, Moody's Investors Service has revised its GDP projection for India in 2020-21 to a 10.6% contraction compared to a 11.5% drop it had estimated. The rating agency has also marginally elevated its forecast for 2021-22 GDP growth from 10.6% to 10.8%.

Further, Barclays has modestly revised its expectations of India's gross domestic product (GDP) growth for FY21 to minus 6.4% from minus 6% earlier to reflect marginally weaker incoming data it had earlier anticipated. However, it is upbeat about an economic revival in the economy from the next fiscal year which is FY22 and has also raised its FY22 GDP growth forecast to 8.5% from 7% earlier, to reflect a faster recovery in services amid continued policy support. Barclays also held that a possible vaccine roll-out from Q1 21 should broaden the recovery from farm and manufacturing to services.

Buzzing Index:

The Nifty IT index rose 1.70% to 21,473.85. The index had slipped 1.74% in the past two sessions.

Info Edge India (up 4.01%), MindTree (up 3.32%), Larsen & Toubro Infotech (up 3.25%), Tech Mahindra (up 2.54%), HCL Tech (up 2.03%), Coforge (up 1.94%), Wipro (up 1.44%), Mphasis (up 1.40%) and TCS (up 1.35%) advanced.

Infosys gained 0.71% to Rs 1,104.50. Simplus, an Infosys company, announced a collaboration with Salesforce for a vaccine management cloud solution.

The solution has been built on the Salesforce Platform in support of Salesforce Work.com for Vaccines as the Covid-19 pandemic continues. Combining Simplus' resources, capabilities, and Salesforce consulting and product expertise, the companies have created an end-to-end vaccine management solution to help support the federal government's mandate for states to be ready to distribute a coronavirus vaccine.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     411.55   Up   1.40 (0.34%)   Asian Paints Ltd     2,215.30   Up   60.00 (2.78%)   Axis Bank Ltd     601.60   Down   -10.95 (-1.79%)   Bajaj Auto Ltd     3,173.55   Up   44.35 (1.42%)   Bajaj Finance Ltd     4,908.80   Up   87.55 (1.82%)   Bajaj Finserv Ltd     8,758.80   Down   -47.90 (-0.54%)   Bharat Petroleum Corporation Ltd     373.00   Down   -5.00 (-1.32%)   Bharti Airtel Ltd     463.25   Down   -5.15 (-1.10%)   Britannia Industries Ltd     3,637.95   Up   89.20 (2.51%)   Cipla Ltd     745.60   Up   6.90 (0.93%)   Coal India Ltd     125.55   Up   0.50 (0.40%)   Divis Laboratories Ltd     3,605.10   Up   60.80 (1.72%)   Dr Reddys Laboratories Ltd     4,828.95   Down   -72.40 (-1.48%)   Eicher Motors Ltd     2,534.65   Down   -14.55 (-0.57%)   GAIL (India) Ltd     102.65   Down   -0.10 (-0.10%)   Grasim Industries Ltd     875.75   Down   -1.65 (-0.19%)   HCL Technologies Ltd     822.10   Down   -19.95 (-2.37%)   HDFC Bank Ltd     1,440.85   Up   14.20 (1.00%)   HDFC Life Insurance Company Ltd     646.80   Down   -14.00 (-2.12%)   Hero Honda Motors Ltd     3,108.85   Up   84.30 (2.79%)   Hindalco Industries Ltd     226.35   Down   -3.55 (-1.54%)   Hindustan Unilever Ltd     2,138.20   Down   -16.00 (-0.74%)   Housing Development Finance Corporation Ltd     2,256.25   Up   17.85 (0.80%)   ICICI Bank Ltd     473.35   Down   -1.95 (-0.41%)   Indian Oil Corporation Ltd     84.60   Down   -1.00 (-1.17%)   IndusInd Bank Ltd     857.65   Up   7.10 (0.83%)   Infosys Technologies Ltd     1,100.00   Down   -13.20 (-1.19%)   ITC Ltd     193.65   Down   -1.15 (-0.59%)   JSW Steel Ltd     350.20   Down   -9.00 (-2.51%)   Kotak Mahindra Bank Ltd     1,907.10   Up   18.00 (0.95%)   Larsen & Toubro Ltd     1,122.40   Up   3.55 (0.32%)   Mahindra & Mahindra Ltd     722.00   Down   -6.50 (-0.89%)   Maruti Suzuki India Ltd     7,035.80   Up   41.55 (0.59%)   Nestle India Ltd     17,888.95   Up   147.00 (0.83%)   NIFTY (S&P CNX)     12,968.95   Down   -18.05 (-0.14%)   NTPC Ltd     94.70   Up   0.60 (0.64%)   Oil & Natural Gas Corpn Ltd     78.50   Down   -1.70 (-2.12%)   Power Grid Corporation of India Ltd     192.40   Down   -5.25 (-2.66%)   Reliance Industries Ltd     1,929.80   Down   -22.80 (-1.17%)   SBI Life Insurance Company Ltd     846.05   Down   -5.45 (-0.64%)   Shree Cement Ltd     24,306.35   Down   -74.80 (-0.31%)   State Bank of India     244.25   Down   -1.20 (-0.49%)   Sun Pharmaceuticals Industries Ltd     511.65   Down   -0.05 (-0.01%)   Tata Consultancy Services Ltd     2,679.65   Down   -40.95 (-1.51%)   Tata Motors Ltd     180.35   Up   6.60 (3.80%)   Tata Steel Ltd     577.35   Up   8.95 (1.57%)   Tech Mahindra Ltd     876.85   Up   19.80 (2.31%)   Titan Company Ltd     1,361.20   Up   33.80 (2.55%)   UltraTech Cement Ltd     4,802.00   Down   -32.15 (-0.67%)   UPL Ltd     417.70   Down   -2.85 (-0.68%)   Wipro Ltd     350.50   Down   -4.35 (-1.23%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?