News Details

( 23 Apr 2019)
Indices trade green; Bharti Airtel up 1%

The benchmark indices are trading green in the afternoon session. The shares of Bharti Airtel were up by 1 per cent as the stock turns ex-date for rights issue today. The company had announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid up shares and an additional Rs 7,000 crore via foreign currency perpetual bond issue. The rights issue will be raised in the ratio of 19:67 at a price of Rs 220 per share. As per the company, the issue will open on May 3 and close on May 17, 2019.

At 13:29 hours, the SENSEX was trading at 38706.44 up by 61.26 points or by 0.16 per cent and then NSE Nifty was at 11622.25 up by 27.8 points or by 0.24 per cent. The BSE Sensex touched intraday high of 38832.61 and intraday low of 38612.23 The NSE Nifty touched intraday high of 11645.95 and intraday low of 11582.95

The top gainers of the BSE Sensex were Sun Pharmaceutical Industries Ltd. (Rs. 466.60,+2.66%), Oil And Natural Gas Corporation Ltd. (Rs. 161.55,+2.41%), Bajaj Finance Ltd. (Rs. 3039.00,+1.59%), Reliance Industries Ltd. (Rs. 1365.80,+1.56%), YES Bank Ltd. (Rs. 241.85,+1.45%), among others. On the other hand, the top losers of the BSE Sensex were NTPC Ltd. (Rs. 133.65,-1.55%), Tata Consultancy Services Ltd. (Rs. 2137.55,-1.24%), Power Grid Corporation of India Ltd. (Rs. 192.20,-1.23%), Mahindra & Mahindra Ltd. (Rs. 664.40,-1.12%), Tata Steel Ltd. (Rs. 529.90,-1.01%), among others.

Among sectors, HCS index was at 14429.27 up by 121.24 points or by 0.85%. Neuland Laboratories Ltd. (Rs. 727.40,+11.10%), Bliss GVS Pharma Ltd. (Rs. 180.00,+6.32%), Shilpa Medicare Ltd. (Rs. 419.85,+5.00%), Medicamen Biotech Ltd. (Rs. 531.65,+3.99%), Lupin Ltd. (Rs. 858.20,+3.20%),. On the flip side, Power index was at 2007.94 down by -11.71 points or by -0.58%. Suzlon Energy Ltd. (Rs. 6.68,-1.62%), NTPC Ltd. (Rs. 133.65,-1.55%), Power Grid Corporation of India Ltd. (Rs. 192.20,-1.23%), KEC International Ltd. (Rs. 291.40,-0.99%), NHPC Ltd. (Rs. 23.30,-0.85%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2556 , shares advanced were 1232 while 1151 shares declined and 173 were unchanged.