• Sensex   41170.12   -152.88  sensex_dwn_arr
  • Nifty   12080.85   -45.05   sensex_dwn_arr
  • Bank Nifty   30942.85   0.34   sensex_up_arr
  • BSE Midcap   15694.41   0.40  sensex_up_arr
  • USDINR   71.67   0.15   sensex_up_arr
Mid Session
Home >> Markets >> Equity >> News >> Mid Session Detailed News
Market turns range bound; IT shares decline
(11:19, 11 Sep 2019)

Key benchmarks were trading in a narrow range near the day's high in the mid-morning trade. IT stocks witnessed selling pressure. At 11:15 IST, the barometer index, the S&P BSE Sensex, was up 162.25 points or 0.44% at 37,307.7. The Nifty 50 index was up 34.8 points or 0.32% at 11,037.85.

The S&P BSE Mid-Cap index was up 0.69%. The S&P BSE Small-Cap index was up 1.16%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1581 shares rose and 568 shares fell. A total of 109 shares were unchanged.

Shares of IT companies witnessed selling. HCL Technologies (down 2.2%), Wipro (down 1.82%), Infosys (down 1.31%), Tech Mahindra (down 1.24%), Oracle Financial Services Software (down 1.15%), TCS (down 0.92%), Mphasis (down 0.85%), MindTree (down 0.8%), Hexaware Technologies (down 0.42%) and Persistent Systems (down 0.08%) declined.

The S&P BSE IT was down 1.18% at 15,931.30.

Voltas (down 1.02%) and Tata Power (up 0.83%) joined hands to promote energy efficient Air Conditioners for consumers in Mumbai. As part of the exclusive scheme, the consumers can avail up to 50% discount on purchase of Voltas' 5-star rated ACs. The partnership is in line with the group's energy conversation drive. Under this scheme, Tata Power's consumers in the city can exchange their ACs for Voltas' AC. The scheme is open for residential segments of consumers, wherein one AC can be purchased under this scheme, and for the commercial segment, the customer can buy two ACs.

Hydroelectric power generation company NHPC was up 1.04%. The company announced a proposal for raising of debt up to Rs 2500 crore through issuance of corporate bonds in one or more series or tranches on private placement basis or raising of Term Loans/Inter-Corporate Loan/External Commercial Borrowings (ECB) in suitable tranches.

IndusInd Bank gained 2.71% after the bank announced the opening of new branch at Puducherry. With this, IndusInd Bank now has 235 branches across 7 southern states.

Overseas, Asian stocks were trading mixed on Wednesday despite hopes of diminishing US-China tensions and reduced risk of no-deal Brexit.

US stocks ended on a mixed note on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favoured value over growth.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     370.85   Down   -0.45 (-0.12%)   Asian Paints Ltd     1,842.25   Down   -42.65 (-2.26%)   Axis Bank Ltd     744.30   Up   3.25 (0.44%)   Bajaj Auto Ltd     3,065.50   Down   -25.40 (-0.82%)   Bajaj Finance Ltd     4,880.45   Up   2.40 (0.05%)   Bajaj Finserv Ltd     9,709.70   Down   -48.95 (-0.50%)   Bharat Petroleum Corporation Ltd     471.75   Down   -3.80 (-0.80%)   Bharti Airtel Ltd     545.60   Up   2.20 (0.40%)   Bharti Infratel Ltd     226.20   Up   1.10 (0.49%)   Britannia Industries Ltd     3,059.40   Down   -22.85 (-0.74%)   Cipla Ltd     435.75   Down   -11.75 (-2.63%)   Coal India Ltd     179.35   Up   1.60 (0.90%)   Dr Reddys Laboratories Ltd     3,255.30   Down   -22.85 (-0.70%)   Eicher Motors Ltd     18,848.65   Down   -26.55 (-0.14%)   GAIL (India) Ltd     119.30   Down   -0.55 (-0.46%)   Grasim Industries Ltd     751.30   Down   -5.85 (-0.77%)   HCL Technologies Ltd     608.05   Up   2.30 (0.38%)   HDFC Bank Ltd     1,217.10   Down   -10.10 (-0.82%)   Hero Honda Motors Ltd     2,240.25   Down   -11.35 (-0.50%)   Hindalco Industries Ltd     189.95   Up   1.85 (0.98%)   Hindustan Unilever Ltd     2,248.25   Down   -43.90 (-1.92%)   Housing Development Finance Corporation Ltd     2,369.50   Down   -7.75 (-0.33%)   ICICI Bank Ltd     547.00   Up   2.20 (0.40%)   Indian Oil Corporation Ltd     112.30   Down   -1.90 (-1.66%)   IndusInd Bank Ltd     1,182.20   Up   40.05 (3.51%)   Infosys Technologies Ltd     797.00   Down   -3.45 (-0.43%)   ITC Ltd     207.45   Up   0.75 (0.36%)   JSW Steel Ltd     281.80   Up   0.95 (0.34%)   Kotak Mahindra Bank Ltd     1,685.95   Down   -15.15 (-0.89%)   Larsen & Toubro Ltd     1,280.60   Down   -0.80 (-0.06%)   Mahindra & Mahindra Ltd     524.85   Down   -1.55 (-0.29%)   Maruti Suzuki India Ltd     6,757.60   Up   1.00 (0.01%)   Nestle India Ltd     16,539.50   Down   -245.55 (-1.46%)   NIFTY (S&P CNX)     12,080.85   Down   -45.05 (-0.37%)   NTPC Ltd     111.35   Down   -0.70 (-0.62%)   Oil & Natural Gas Corpn Ltd     102.80   Up   1.10 (1.08%)   Power Grid Corporation of India Ltd     189.25   Up   1.75 (0.93%)   Reliance Industries Ltd     1,485.95   Down   -17.85 (-1.19%)   State Bank of India     327.65   Up   7.30 (2.28%)   Sun Pharmaceuticals Industries Ltd     404.95   Up   1.40 (0.35%)   Tata Consultancy Services Ltd     2,156.80   Down   -39.55 (-1.80%)   Tata Motors Ltd     158.50   Up   0.45 (0.28%)   Tata Steel Ltd     443.55   Up   10.35 (2.39%)   Tech Mahindra Ltd     829.60   Down   -11.30 (-1.34%)   Titan Company Ltd     1,322.85   Down   -6.75 (-0.51%)   UltraTech Cement Ltd     4,428.10   Down   -45.00 (-1.01%)   UPL Ltd     584.35   Down   -0.85 (-0.15%)   Vedanta Ltd     142.35   Down   -0.30 (-0.21%)   Wipro Ltd     245.70   Down   -1.90 (-0.77%)   Yes Bank Ltd     35.45   Up   0.15 (0.42%)   Zee Entertainment Enterprises Ltd     256.80   Up   4.55 (1.80%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?