Nifty around 11,370; Deep Industries zooms 20%
14/03/2019 10:32

The domestic benchmark indices have been trading marginally high since opening on Thursday. The shares of Deep Industries have rallied 20 per cent to Rs 170 on Thursday in early morning trade, surging 38 per cent in past three trading days on the BSE, after the company received two orders worth Rs 184 crore from Oil and Natural Gas Corporation (ONGC). The said orders would increase revenue visibility for the coming years. With past three days rally, the stock of integrated oil & gas company has zoomed 115 per cent from its 52-week low price of Rs 79 hit on July 6, 2018. It is trading at close to its 52-week high level of Rs 179 touched on April 11, 2018 on the BSE in intra-day trade.

At 10:19 hours, the SENSEX was trading at 37807.83 up by 55.66 points or by 0.15 per cent and then NSE Nifty was at 11363.45 up by 21.75 points or by 0.19 per cent. The BSE Sensex touched intraday high of 37907.78 and intraday low of 37759.23 The NSE Nifty touched intraday high of 11383.45 and intraday low of 11356.05.

The top gainers of the BSE Sensex were YES Bank Ltd. (Rs. 251.30,+2.84%), IndusInd Bank Ltd. (Rs. 1673.00,+2.25%), Axis Bank Ltd. (Rs. 745.00,+0.89%), Tata Steel Ltd. (Rs. 517.20,+0.70%), Reliance Industries Ltd. (Rs. 1356.00,+0.69%), among others. The top losers of the BSE Sensex were Power Grid Corporation of India Ltd. (Rs. 188.30,-3.21%), Hero MotoCorp Ltd. (Rs. 2759.35,-1.67%), Bajaj Auto Ltd. (Rs. 2974.15,-1.14%), HCL Technologies Ltd. (Rs. 1016.90,-1.10%), Bajaj Finance Ltd. (Rs. 2796.00,-1.07%), among others.

Among sectors, Bankex index was at 32455.51 up by 99.92 points or by 0.31%. YES Bank Ltd. (Rs. 251.30,+2.84%), IndusInd Bank Ltd. (Rs. 1673.00,+2.25%), Axis Bank Ltd. (Rs. 745.00,+0.89%), Kotak Mahindra Bank Ltd. (Rs. 1263.95,+0.23%),. On the flip side, CDS index was at 22760.59 down by -183.77 points or by -0.8%. Voltas Ltd. (Rs. 599.85,-3.01%), VIP Industries Ltd. (Rs. 427.65,-2.24%), Titan Company Ltd. (Rs. 1069.30,-0.79%), Blue Star Ltd. (Rs. 662.65,-0.67%), TTK Prestige Ltd. (Rs. 8998.00,-0.63%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2006, shares advanced were 966 while 932 shares declined and 108 were unchanged.