Markets

News Details

( 30 Jun 2020)
Mid-Session:Indices off day's high; Metal, realty stocks support

Benchmark indices erased some of the early gains but still trading higher. Pharma stocks are under pressure, while buying seen in the metal, auto and banking names.

Meanwhile, investors are also keeping an eye on PM Narendra Modi's address to the nation at 4 pm.

Among individuals, shares of state-owned Housing & Urban Development Corporation (HUDCO) jumped over 6 percent on June 30 rising over 26 percent in the last 2 days after the company reported a whopping 86.6 percent year-on-year growth in consolidated profit at Rs 440.9 crore for the quarter ended March 2020, driven by operating as well as revenue performance.

At 12:38 hours, the 30-share benchmark index was trading at 35083.34 up by 121.82 points or by 0.35 % and then NSE Nifty was at 10356.65 up by 44.25 points or by 0.43 %.

Sensex touched intraday high of 35233.91 and intraday low of 35029.92 The NSE Nifty touched intraday high of 10401.05 and intraday low of 10333.85

Top gainers in Sensex pack were Tata Steel Ltd. (Rs. 331.60,+3.22%), Maruti Suzuki India Ltd. (Rs. 5815.15,+2.35%), ICICI Bank Ltd. (Rs. 351.15,+2.33%), Housing Development Finance Corporation Ltd. (Rs. 1782.00,+2.27%), UltraTech Cement Ltd. (Rs. 3887.40,+2.07%), among others.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 475.35,-1.34%), HDFC Bank Ltd. (Rs. 1067.35,-0.84%), ITC Ltd. (Rs. 195.95,-0.63%), Oil And Natural Gas Corporation Ltd. (Rs. 82.05,-0.42%), Bajaj Auto Ltd. (Rs. 2847.65,-0.28%), among others.

Among the sectors, Metal index was at 7296.29 up by 93.19 points or by 1.29%. Steel Authority of India (SAIL) Ltd. (Rs. 31.05,+4.90%), Jindal Steel & Power Ltd. (Rs. 160.35,+4.84%), Tata Steel Ltd. (Rs. 331.60,+3.22%), Hindalco Industries Ltd. (Rs. 149.05,+2.23%), Hindustan Zinc Ltd. (Rs. 197.00,+1.70%),.

Oil&Gas index was at 12791.2 down by -71.69 points or by -0.56%. Petronet LNG Ltd. (Rs. 258.35,-1.71%), GAIL (India) Ltd. (Rs. 101.95,-1.55%), Bharat Petroleum Corporation Ltd. (Rs. 379.00,-1.19%), Hindustan Petroleum Corporation Ltd. (Rs. 222.75,-1.09%), Indian Oil Corporation Ltd. (Rs. 86.45,-0.69%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2813 , shares advanced were 1401 while 1270 shares declined and 142 were unchanged.