Equity MRK
Wednesday, May 22, 2019 2:24:00 PM  
Asian Paints  1368.00    (0.70%)
 
Axis Bank  778.40    (0.69%)
 
Bajaj Auto  3038.55    (1.94%)
 
Bajaj Fin.  3438.95    (0.18%)
 
Bharti Airtel  335.75    (1.50%)
 
Coal India  240.30    (1.26%)
 
H D F C  2143.25    (1.38%)
 
HCL Technologi...  1060.70    (0.35%)
 
HDFC Bank  2412.00    (0.34%)
 
Hero Motocorp  2699.05    (1.59%)
 
Hind. Unilever  1762.00    (-1.21%)
 
ICICI Bank  405.25    (1.22%)
 
IndusInd Bank  1517.70    (4.85%)
 
Infosys  710.45    (0.18%)
 
ITC  298.10    (-2.36%)
 
Kotak Mah. Ban...  1500.85    (0.92%)
 
Larsen & Toubr...  1455.45    (0.50%)
 
M & M  640.00    (0.19%)
 
Maruti Suzuki  6890.10    (0.47%)
 
NTPC  129.85    (1.09%)
 
O N G C  176.70    (1.38%)
 
Power Grid Cor...  182.65    (-0.73%)
 
Reliance Inds.  1343.80    (0.30%)
 
St Bk of India  338.15    (0.18%)
 
Sun Pharma.Ind...  420.55    (2.90%)
 
Tata Motors  179.15    (1.44%)
 
Tata Motors-DV...  85.30    (2.65%)
 
Tata Steel  474.50    (0.21%)
 
TCS  2085.70    (-1.11%)
 
Vedanta  167.00    (0.94%)
 
Yes Bank  138.70    (-1.63%)
 
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Mid Session Commentary
You are here : Equity | News | Mid Session Commentary
Indices extend gain
(14:32, 15 Mar 2019)

Strong buying demand in index pivotals pushed the key benchmark indices to fresh intraday high in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 449.85 points or 1.19% at 38,204.74. The Nifty 50 index was up 127.90 points or 1.13% at 11,471.15. Bank stocks gained. Positive global stocks boosted sentiment.

The Sensex was currently trading above the psychological 38,000 level after moving above and below that level in intraday trade. Domestic stocks nudged higher in early trade on positive Asian stocks. Key benchmark indices extended early gains and hit intraday high in morning trade. Stocks hovered in positive zone in mid-morning trade. Indices extended gains in afternoon trade.

The S&P BSE Mid-Cap index was up 0.63%. The S&P BSE Small-Cap index was up 0.13%.

The market breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1276 shares rose and 1284 shares fell. A total of 173 shares were unchanged.

Bank stocks gained. Among private bank stocks, HDFC Bank (up 1.38%), Kotak Mahindra Bank (up 4.61%), RBL Bank (up 0.84%), ICICI Bank (up 2.51%), Axis Bank (up 0.3%), IndusInd Bank (up 1.41%) gained. Yes Bank (down 1.42%) declined.

Among PSU bank stocks, State Bank of India (SBI) (up 2.82%), Punjab National Bank (up 2.37%), Bank of Baroda (up 1.97%), Canara Bank (up 1.45%), IDBI Bank (up 0.12%), Bank of India (up 1.41%) and Union Bank of India (up 0.73%) rose.

Overseas, European equities were trading higher as all eyes remain on the trade talks. U.K. shares climbed after Prime Minister Theresa May won some time for a final push on her rejected Brexit deal. The U.K. Parliament voted to request an extension of the March 29 Brexit deadline to June 30 if lawmakers can agree to a withdrawal deal by March 20. Thursday's vote comes after Prime Minister Theresa May failed to secure support for her revised Brexit plan and lawmakers on Wednesday ruled out a no-deal exit.

Asian markets were trading higher Friday as China took a step to appease U.S. trade negotiators. Chinese legislators on Friday approved a new law against the forced transfer of technology by foreign companies, which has been a major complaint by the U.S. and other countries. The move was intended to smooth the path to a trade deal, but it's unclear if it will be enough.

US stocks closed mostly lower Thursday as investors digested headlines suggesting progress toward a US-China trade deal has stalled against the backdrop of weaker-than-expected Chinese economic data.

A meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, as per reports, indicating that a bilateral trade deal will not be finalized this month.

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