Markets

News Details

( 10/10/2018 12:37)
Mid-Session: Sensex surges 390 pts lead by auto, banks

Indian benchmarks continued to trade robust during the noon trading session due to a firm rupee against the dollar.

The rupee is trading on a firm note having risen to 74.05 against the greenback so far in intra-day trade. The Indian currency opened 24 paise firm at 74.14 earlier in the day after ending at a record low of 74.39 per dollar on Tuesday.

Stock specific action will continue as firms like Bandhan Bank and ZEE are likely to declare their second-quarter earnings later in the day today. Investors will also keep an eye on TCS, which will announce its Q2 earnings on Thursday.

On the macro front, markets will also await industrial production (IIP) data for August and retail inflation (CPI) prints for September will be released on Friday. Retail inflation eased to a 10-month low of 3.69 per cent in August. The numbers may come slightly higher owing to falling rupee and rising crude prices.

At 12:30 hours, the 30-share benchmark index was trading at 34689.65 up by 390.18 points or by 1.14 per cent, while the NSE Nifty was at 10440.6 up by 139.55 points or by 1.35 per cent.

In the positive trade so-far, Sensex touched intraday high of 34771.1 and intraday low of 34346.5 The NSE Nifty touched intraday high of 10455.6 and intraday low of 10318.25.

The top gainers of the BSE Sensex pack were YES Bank Ltd. (Rs. 236.80,+5.67%), Maruti Suzuki India Ltd. (Rs. 6950.00,+3.86%), Axis Bank Ltd. (Rs. 571.15,+3.33%), Adani Ports & Special Economic Zone Ltd. (Rs. 328.55,+3.32%), Vedanta Ltd. (Rs. 218.50,+3.11%), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 699.65,-2.47%), Wipro Ltd. (Rs. 312.35,-2.45%), Tata Consultancy Services Ltd. (Rs. 2055.00,-1.70%), Sun Pharmaceutical Industries Ltd. (Rs. 601.25,-1.41%), Mahindra & Mahindra Ltd. (Rs. 762.00,-0.26%), among others.

Among the sectors, CDS index was at 18600.12 up by 695.52 points or by 3.88%. Titan Company Ltd. (Rs. 790.00,+5.28%), VIP Industries Ltd. (Rs. 397.85,+4.99%), Voltas Ltd. (Rs. 508.35,+4.96%), Blue Star Ltd. (Rs. 572.00,+4.21%), Whirlpool of India Ltd. (Rs. 1412.00,+4.17%),.

On the flip side, IT index was at 14890.34 down by -231.54 points or by -1.53%. 8K Miles Software Services Ltd. (Rs. 134.45,-4.98%), MIC Electronics Ltd. (Rs. 1.55,-4.91%), 3i Infotech Ltd. (Rs. 3.36,-4.55%), Wipro Ltd. (Rs. 312.45,-2.42%), Infosys Ltd. (Rs. 700.00,-2.42%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2606 , shares advanced were 1925 while 560 shares declined and 121 were unchanged.

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