Sensex up 148 pts; IndusInd Bank rises 4%
07/11/2019 14:39

Indian benchmarks continued to trade higher during the noon trading session led by a rise in Auto stocks. IndusInd Bank Ltd., Vedanta Ltd., Housing Development Finance Corporation Ltd and ITC are the top contributors to the rally in the market. On the flip side, Yes Bank, Tata Motors and Hindustan Unilever Ltd. are the top drags.

On the corporate front, shares of Somany Ceramics rose 9 percent intraday on November 7 after the company posted robust numbers in the quarter ended September 2019. The company has reported 41.7 percent YoY jump in its Q2 profit to Rs 6.5 crore versus Rs 4.6 crore, while revenue was up 7.9 percent at Rs 422.2 crore versus Rs 391.4 crore.

At 14:19 hours, the 30-share benchmark index was trading at 40617.75 up by 147.97 points or by 0.37 per cent then NSE Nifty was at 12003.9 up by 37.85 points or by 0.32 per cent.

Sensex touched intraday high of 40676.44 and intraday low of 40421.07 The NSE Nifty touched intraday high of 12021.4 and intraday low of 11946.85.

Among the sectors, Realty index was at 2127.15 up by 22.56 points or by 1.07%. Indiabulls Real Estate Ltd. (Rs. 70.05,+4.94%), Housing Development & Infrastructure Ltd. (Rs. 1.82,+4.60%), Sobha Ltd. (Rs. 445.30,+2.86%), Oberoi Realty Ltd. (Rs. 514.00,+1.75%), Phoenix Mills Ltd. (Rs. 710.00,+1.54%),.

On the other side, Auto index was at 18407.21 down by -101.94 points or by -0.55%. Tata Motors Ltd. (Rs. 170.35,-2.29%), TVS Motor Company Ltd. (Rs. 450.80,-2.17%), Eicher Motors Ltd. (Rs. 21406.00,-1.03%), Hero MotoCorp Ltd. (Rs. 2653.50,-0.88%), Bosch Ltd. (Rs. 15126.45,-0.74%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2784 , shares advanced were 1361 while 1216 shares declined and 207 were unchanged.