News Details
Category : Market
Headline : Nifty below 11,883; Sintex Industries down by 3%
Date: 12/06/2019 13:38
The Indian benchmark indices are trading understress on Wednesday. Among sectors, except metal the other stocks are trading in the red with financial services scrips falling the most followed by banks and autos. The shares of Simplex Infrastructures plunged 6.5 per cent after rating agency CARE revised its outlook on company's bank facilities to negative from stable and the shares of Sintex Industries dropped 3 per cent after the company defaulted on interest payment of Rs 112.5 crore due June 11.

At 13:23 hours, the SENSEX was trading at 39658.86 down by -291.6 points or by -0.73 per cent and then NSE Nifty was at 11882 down by -83.6 points or by -0.7 per cent. The BSE Sensex touched intraday high of 39982.1 and intraday low of 39636.96 The NSE Nifty touched intraday high of 11962.45 and intraday low of 11876.85.

The top gainers of the BSE Sensex were Tata Steel Ltd. (Rs. 502.75,+2.02%), Oil And Natural Gas Corporation Ltd. (Rs. 170.30,+0.77%), Reliance Industries Ltd. (Rs. 1330.70,+0.16%), among others. On the other hand, the top losers of the BSE Sensex were YES Bank Ltd. (Rs. 135.00,-3.09%), Kotak Mahindra Bank Ltd. (Rs. 1479.55,-1.85%), Maruti Suzuki India Ltd. (Rs. 6851.50,-1.74%), Bajaj Auto Ltd. (Rs. 2945.50,-1.50%), Tata Motors Ltd. (Rs. 83.40,-1.42%), among others.

Among sectors, Oil&Gas index was at 15151.28 up by -27.2 points or by -0.18%. GAIL (India) Ltd. (Rs. 310.30,+1.37%), Oil And Natural Gas Corporation Ltd. (Rs. 170.30,+0.77%), Indian Oil Corporation Ltd. (Rs. 162.70,+0.25%), Reliance Industries Ltd. (Rs. 1330.70,+0.16%),. On the flip side, Bankex index was at 34746.84 down by -388.05 points or by -1.1%. YES Bank Ltd. (Rs. 135.00,-3.09%), Federal Bank Ltd. (Rs. 105.30,-2.00%), Kotak Mahindra Bank Ltd. (Rs. 1479.55,-1.85%), ICICI Bank Ltd. (Rs. 416.35,-1.21%), State Bank of India (Rs. 343.40,-1.14%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2587 , shares advanced were 1016 while 1414 shares declined and 157 were unchanged.