Sensex up 198 pts; DHFL dips 4%
15/05/2019 10:50

The Indian equity indices are trading almost half a per cent higher after a flat opening in morning. Major contributors towards the early gains were HDFC Bank, ICICI Bank, Axis Bank, Reliance and ITC who were trading up to 0.8 per cent higher. The shares of Dewan Housing Finance Corporation dropped 4 per cent after the rating agency Icra downgraded the company's payouts or pass through certificates. As per the report, Icra downgraded the PTCs issued under six mortgage loan securitisation transactions by DHFL.

At 10:40 hours, the SENSEX was trading at 37516.59 up by 198.06 points or by 0.53 per cent and then NSE Nifty was at 11277.7 up by 55.65 points or by 0.5 per cent. The BSE Sensex touched intraday high of 37552.49 and intraday low of 37368.04 The NSE Nifty touched intraday high of 11286.8 and intraday low of 11235.35.

The top gainers of the BSE Sensex were Tata Steel Ltd. (Rs. 480.00,+2.18%), Mahindra & Mahindra Ltd. (Rs. 626.30,+1.66%), Vedanta Ltd. (Rs. 162.85,+1.43%), ITC Ltd. (Rs. 298.00,+1.36%), Reliance Industries Ltd. (Rs. 1273.55,+1.12%), among others. On the other hand, the top losers of the BSE Sensex were YES Bank Ltd. (Rs. 150.90,-3.36%), Tata Motors Ltd. (Rs. 85.55,-0.93%), Tata Motors Ltd. (Rs. 182.80,-0.84%), Bajaj Auto Ltd. (Rs. 2914.15,-0.76%), Coal India Ltd. (Rs. 240.65,-0.66%), among others.

Among sectors, Metal index was at 10661.06 up by 100.62 points or by 0.95%. Steel Authority of India (SAIL) Ltd. (Rs. 48.75,+2.31%), Tata Steel Ltd. (Rs. 480.00,+2.18%), National Aluminium Company Ltd. (Rs. 49.55,+1.54%), Vedanta Ltd. (Rs. 162.85,+1.43%), Hindalco Industries Ltd. (Rs. 195.80,+1.35%),. On the flip side, Power index was at 1873.93 down by 6.82 points or by 0.37%. Reliance Infrastructure Ltd. (Rs. 106.35,-1.25%), Adani Power Ltd. (Rs. 40.35,-1.10%), GMR Infrastructure Ltd. (Rs. 15.65,-0.95%), NHPC Ltd. (Rs. 22.20,-0.22%), ABB India Ltd. (Rs. 1369.00,-0.13%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2035 , shares advanced were 1215 while 680 shares declined and 140 were unchanged.