Markets

News Details

( 14 Jan 2020)
Sensex, Nifty flat; FMCG, metals stocks support

Indian benchmark indices continued to trade flat with positive bias during the late noon trading session supported by Metal index followed by pharma, IT, FMCG and auto.

Edelweiss Financial Services share price declined 3 percent on January 14 after Enforcement Directorate summons company to appear before them on January 15.

Meanwhile, Private lender Bandhan Bank reported a net profit of Rs 731 crore for the December quarter of the financial year 2020 on January 14 against Rs 331.27 crore reported in the same quarter of the previous year.

The profit saw a year-on-year (YoY) rise of nearly 121 percent, while quarter-on-quarter (QoQ), the numbers were down by almost 25 percent. In the September quarter, the bank has reported a profit of Rs 971.8 crore.

At 14:30 hours, the 30-share benchmark index was trading at 41888.21 up by 28.52 points or by 0.07 % and then NSE Nifty was at 12332.15 up by 2.6 points or by 0.02 %.

Sensex touched intraday high of 41903.7 and intraday low of 41770.9 The NSE Nifty touched intraday high of 12349.75 and intraday low of 12308.7

The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 242.85,+1.55%), Hero MotoCorp Ltd. (Rs. 2402.00,+1.52%), Axis Bank Ltd. (Rs. 746.25,+1.19%), Nestle India Ltd. (Rs. 14819.15,+1.07%), NTPC Ltd. (Rs. 122.95,+0.99%), among others.

The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 1507.90,-2.11%), State Bank of India (Rs. 327.40,-0.97%), Reliance Industries Ltd. (Rs. 1529.45,-0.91%), Kotak Mahindra Bank Ltd. (Rs. 1676.75,-0.85%), Larsen & Toubro Ltd. (Rs. 1323.85,-0.79%), among others.

Among the sectors, _FMCG index was at 11794.67 up by 142.08 points or by 1.22%. Tata Global Beverages Ltd. (Rs. 383.25,+8.60%), Avanti Feeds Ltd. (Rs. 643.20,+4.71%), Waterbase Ltd. (Rs. 153.05,+4.36%), S H Kelkar & Company Ltd. (Rs. 118.80,+3.98%), Godrej Industries Ltd. (Rs. 565.70,+3.91%),.

On the flip side, Realty index was at 2413.23 down by -10.9 points or by -0.45%. Prestige Estates Projects Ltd. (Rs. 337.75,-1.96%), Phoenix Mills Ltd. (Rs. 854.80,-1.78%), Sobha Ltd. (Rs. 436.25,-1.69%), Oberoi Realty Ltd. (Rs. 539.05,-0.58%), Godrej Industries Ltd. (Rs. 979.60,-0.26%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2765 , shares advanced were 1488 while 1101 shares declined and 176 were unchanged.