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Mid Session
Home >> Markets >> Equity >> News >> Mid Session Detailed News
Sensex, Nifty near day's high
(13:38, 20 Sep 2019)

Key equity benchmarks held firm near the day's high in afternoon trade. At 13:35 IST, the barometer index, the S&P BSE Sensex, surged 1,936.25 points or 5.36% at 38,029.72. The Nifty 50 index also soared 573.15 points or 5.35% at 11,277.95.

The S&P BSE Mid-Cap index was up 4.86%. The S&P BSE Small-Cap index rose 2.87%.

The market breadth, indicating the overall health of the market, was strong. On the BSE, shares 1,704 rose and 590 shares fell. A total of 113 shares were unchanged.

Eicher Motors (up 13.84%), Ultratech Cement (up 11.04%), Maruti Suzuki India (up 10.58%), IndusInd Bank (up 10.49%) and Hero MotoCorp (up 9.51%) advanced.

NTPC (down 1.60%), Tech Mahindra (down 0.29%), HCL Technologies (down 0.18%), and Infosys (down 0.13%) declined.

Axis Bank soared 5.65% to Rs 674.30. The bank informed about opening of the qualified institutions placement of equity shares of face value of Rs 2 each to qualified institutional buyers (QIB). The floor price in respect of the issue is Rs 661.50 per equity share. The announcement was made after market hours yesterday, 19 September 2019.

Yes Bank advanced 6.37%. Morgan Credits (MCPL), part of the promoter group of Yes Bank has yesterday, 19 September 2019 sold 2.3% stake in the bank. The proceeds will be solely utilized to prepay substantial portion of outstanding Non-Convertible Debentures (NCDs) of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM). The announcement was made after market hours yesterday, 19 September 2019.

Zee Entertainment Enterprises (ZEE) was down 4.68% to Rs 295.45 today. Media reports suggested that a Delhi High Court-appointed arbitrator asked Essel Group chairman Subhash Chandra not to sell his unpledged stake in ZEE till next month in an ongoing dispute with Indiabulls Housing Finance over default in repayment of loans worth Rs 200 crore. Reports further added that promoters of the Essel Group, which owns ZEE, had entered into an agreement with mutual funds, getting time till 30 September to repay debt. This agreement prevented the funds from selling the shares held as collateral.

Zee Entertainment Enterprises tanked 20.87% in five trading session from its previous high of Rs 350.3 on Friday, 13 September 2019.

TCS was down 1.40%. The firm launched the official mobile app for 'TCS Lidingoloppet', which will be held in Stockholm on 27-29 September 2019. The app comes with an enriched experience and new features that allow both runners and spectators to get even more out of the world's largest cross-country race.

Overseas, most European stocks declined Friday. In UK, investors keenly await the ruling from the Supreme Court judgement to be released sometime next week, to understand the potential outcome for Brexit. The British Supreme Court's 11- membered judge's panel have also been tasked to adjudicate whether the government had acted lawfully in suspending the Parliament on being challenged by the opposition parties.

The Eurozone Consumer Confidence data for the month of September will be available at about 3:00 PM London time.

Asian stocks were trading higher on Friday as economic stimulus around the world eased fears of economic deceleration. On the trade front, Chinese and U.S. delegates are meeting Thursday and Friday ahead of higher-level meetings expected early October to resolve the yearlong trade dispute.

U.S. stocks closed near unchanged Thursday, giving up early gains scored following better-than-expected housing and manufacturing data a day after the second interest rate cut of 2019 by the Federal Reserve.

The Paris-based Organization for Economic Cooperation and Development, in a Thursday report underscored that intensifying tariff disputes have stalled economic growth world-wide.

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Adani Ports & Special Economic Zone Ltd     413.75   Up   6.30 (1.55%)   Asian Paints Ltd     1,803.10   Up   4.40 (0.24%)   Axis Bank Ltd     690.05   Up   6.55 (0.96%)   Bajaj Auto Ltd     3,011.95   Up   53.90 (1.82%)   Bajaj Finance Ltd     3,879.45   Down   -3.85 (-0.10%)   Bajaj Finserv Ltd     8,035.85   Down   -46.40 (-0.57%)   Bharat Petroleum Corporation Ltd     490.30   Up   4.35 (0.90%)   Bharti Airtel Ltd     383.65   Down   -9.90 (-2.52%)   Bharti Infratel Ltd     256.95   Down   -2.50 (-0.96%)   Britannia Industries Ltd     3,181.10   Up   71.45 (2.30%)   Cipla Ltd     446.55   Up   5.65 (1.28%)   Coal India Ltd     191.15   Up   1.05 (0.55%)   Dr Reddys Laboratories Ltd     2,684.65   Up   32.75 (1.23%)   Eicher Motors Ltd     19,199.10   Up   871.15 (4.75%)   GAIL (India) Ltd     128.10   Up   2.25 (1.79%)   Grasim Industries Ltd     703.70   Up   5.05 (0.72%)   HCL Technologies Ltd     1,084.50   Down   -2.30 (-0.21%)   HDFC Bank Ltd     1,223.05   Up   18.65 (1.55%)   Hero Honda Motors Ltd     2,675.70   Up   66.50 (2.55%)   Hindalco Industries Ltd     192.55   Up   3.85 (2.04%)   Hindustan Unilever Ltd     2,064.40   Up   50.15 (2.49%)   Housing Development Finance Corporation Ltd     2,013.30   Down   -1.45 (-0.07%)   ICICI Bank Ltd     431.85   Up   3.00 (0.70%)   Indian Oil Corporation Ltd     146.45   Up   1.70 (1.17%)   IndusInd Bank Ltd     1,272.25   Up   21.65 (1.73%)   Infosys Technologies Ltd     768.30   Down   -17.80 (-2.26%)   ITC Ltd     247.60   Up   3.50 (1.43%)   JSW Steel Ltd     219.65   Down   -1.80 (-0.81%)   Kotak Mahindra Bank Ltd     1,615.60   Up   30.10 (1.90%)   Larsen & Toubro Ltd     1,432.25   Up   8.30 (0.58%)   Mahindra & Mahindra Ltd     583.40   Up   14.75 (2.59%)   Maruti Suzuki India Ltd     6,985.75   Up   164.65 (2.41%)   Nestle India Ltd     14,086.80   Down   -82.20 (-0.58%)   NIFTY (S&P CNX)     11,428.30   Up   87.15 (0.77%)   NTPC Ltd     119.40   Up   1.65 (1.40%)   Oil & Natural Gas Corpn Ltd     138.65   Up   3.40 (2.51%)   Power Grid Corporation of India Ltd     201.25   Up   2.85 (1.44%)   Reliance Industries Ltd     1,364.15   Up   6.15 (0.45%)   State Bank of India     258.45   Up   3.00 (1.17%)   Sun Pharmaceuticals Industries Ltd     396.80   Up   2.15 (0.54%)   Tata Consultancy Services Ltd     2,037.30   Up   16.30 (0.81%)   Tata Motors Ltd     126.95   Down   -0.90 (-0.70%)   Tata Steel Ltd     349.20   Up   4.35 (1.26%)   Tech Mahindra Ltd     720.50   Down   -0.25 (-0.03%)   Titan Company Ltd     1,272.10   Up   23.15 (1.85%)   UltraTech Cement Ltd     4,206.50   Up   36.20 (0.87%)   UPL Ltd     583.10   Down   -3.55 (-0.61%)   Vedanta Ltd     153.50   Up   5.70 (3.86%)   Wipro Ltd     243.65   Up   0.20 (0.08%)   Yes Bank Ltd     40.60   Up   0.50 (1.25%)   Zee Entertainment Enterprises Ltd     250.70   Up   7.80 (3.21%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

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