Equity MRK
Wednesday, July 17, 2019 11:55:00 AM  
Asian Paints  1382.80    (0.79%)
Axis Bank  755.50    (-0.81%)
Bajaj Auto  2713.20    (-0.70%)
Bajaj Fin.  3471.00    (0.64%)
Bharti Airtel  348.70    (-0.61%)
H D F C  2283.05    (0.25%)
HCL Technologi...  1039.35    (1.90%)
HDFC Bank  2405.50    (0.56%)
Hero Motocorp  2549.25    (0.27%)
Hind. Unilever  1756.60    (0.85%)
ICICI Bank  426.00    (0.34%)
IndusInd Bank  1478.00    (0.31%)
Infosys  787.95    (0.38%)
ITC  272.10    (0.07%)
Kotak Mah. Ban...  1542.10    (2.64%)
Larsen & Toubr...  1463.45    (0.13%)
M & M  621.00    (-0.34%)
Maruti Suzuki  6126.70    (-0.53%)
NTPC  130.45    (-0.46%)
O N G C  150.30    (-1.35%)
Power Grid Cor...  207.70    (-0.62%)
Reliance Inds.  1287.40    (-0.44%)
St Bk of India  367.75    (0.96%)
Sun Pharma.Ind...  434.30    (0.24%)
Tata Motors  169.50    (-0.21%)
Tata Motors-DV...  81.00    (0.12%)
Tata Steel  475.60    (-0.19%)
TCS  2111.05    (0.27%)
Tech Mahindra  687.35    (1.75%)
Vedanta  168.65    (1.08%)
Yes Bank  101.30    (-2.50%)
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Mid Session Commentary
You are here : Equity | News | Mid Session Commentary
Negative market breadth
(13:34, 15 May 2019)

A divergent trend was witnessed in afternoon trade as the barometer index, the S&P BSE Sensex, was trading with small gains while the Nifty 50 index was trading with minor losses. At 13:28 IST, the barometer index, the S&P BSE Sensex, was up 13.55 points or 0.04% at 37,332.08. The Nifty 50 index was down 4.30 points or 0.04% at 11,217.75.

Indices opened higher and hit fresh intraday high in morning trade. Gains were supported by recovery in other global stock markets. Benchmarks held firm near day's high in mid-morning trade.

Among secondary barometers, the BSE Mid-Cap index was down 0.34%. The BSE Small-Cap index was up 0.02%.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1103 shares rose and 1225 shares fell. A total of 190 shares were unchanged.

Bajaj Finance (up 2.45%), Infosys (up 1.12%), ITC (up 1%), M&M (up 0.78%) and Kotak Mahindra Bank (up 0.74%) were the major Sensex gainers.

Yes Bank (down 6.5%), Tata Motors (down 5.23%), Coal India (down 1.75%), Sun Pharmaceutical Industries (down 1.52%) and NTPC (down 1.43%) were the major Sensex losers.

Nestle India rose 1.77% after net profit rose 9.26% to Rs 463.28 crore on 9.33% rise in total income to Rs 3076.14 crore in Q1 March 2019 over Q1 March 2018. The result was announced after market hours yesterday, 14 May 2019.

Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestle India said the company has continued on the track of volume led growth with brands like MAGGI, KITKAT and Nestle MUNCH delivering strong performances. The market momentum remained strong, while the input costs have witnessed hardening.

Meanwhile, the southwest monsoon is likely to make its onset over the Indian coast around 4 June 2019, private weather forecasting agency Skymet said on Tuesday. The 4 June prediction comes with an error margin of two days.

Overseas, European stocks edged lower on Wednesday as the rebound in global shares struggled to maintain its momentum. Asian shares were mostly higher Wednesday, following a recent slump amid escalating tensions on the US-China trade front.

Growth in China's industrial output for April increased 5.4% year-on-year from a 4-1/2 year high in March.

US stocks advanced on Tuesday, paring heavy losses sparked by a raging US-China trade war over the past week. US President Donald Trump on Tuesday called the escalating dispute with China a little squabble but said Washington was still considering extending tariffs to another $300 billion worth of Chinese merchandise.

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