News Details
Category : Market
Headline : Mid-Session: Sensex surges 227 points; Nifty above 11550
Date: 11/07/2019 12:37
Indian benchmarks extended gains during the noon trading session amid positive global cues as Federal Reserve's Jerome Powell hinted rate cut ahead. In an appearance before his Congressional overseers on Wednesday, Powell confirmed that the US economy is still under threat and that the central bank stands ready to “act as appropriate”.

That apart, foreign fund flow, stock-specific action and rupee movement against the US dollar also supported the investor’s sentiments.

The rupee opened higher against the US dollar on Thursday, as the American currency took a back seat after US Federal Reserve Chairman Jerome Powell signalled that a rate cut could be coming soon. The rupee was trading at 68.36 a dollar.

At 12:30 hours, the 30-share benchmark index was trading at 38784.44 up by 227.4 points or by 0.59 per cent and then NSE Nifty was at 11567.4 up by 68.5 points or by 0.6 per cent.

Sensex touched intraday high of 38803.24 and intraday low of 38631.31 The NSE Nifty touched intraday high of 11568 and intraday low of 11519.5.

The top gainers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 1529.85,+2.83%), Hero MotoCorp Ltd. (Rs. 2451.60,+2.14%), Bajaj Finance Ltd. (Rs. 3486.60,+1.75%), State Bank of India (Rs. 359.10,+1.38%), Housing Development Finance Corporation Ltd. (Rs. 2255.00,+1.24%), among others.

The top losers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 2682.45,-2.17%), YES Bank Ltd. (Rs. 91.35,-1.77%), Mahindra & Mahindra Ltd. (Rs. 663.25,-1.68%), ICICI Bank Ltd. (Rs. 427.60,-0.78%), Axis Bank Ltd. (Rs. 764.40,-0.53%), among others.

Among the sectors, Realty index was at 2153.36 up by 30.3 points or by 1.43%. DLF Ltd. (Rs. 185.65,+4.47%), Indiabulls Real Estate Ltd. (Rs. 116.30,+1.93%), Godrej Industries Ltd. (Rs. 925.55,+1.85%), Phoenix Mills Ltd. (Rs. 655.70,+1.38%), Prestige Estates Projects Ltd. (Rs. 271.80,+0.89%),.

On the flip side, CDS index was at 23025.71 down by -104.72 points or by -0.45%. VIP Industries Ltd. (Rs. 417.90,-1.66%), Voltas Ltd. (Rs. 585.75,-0.86%), Titan Company Ltd. (Rs. 1093.00,-0.74%), PC Jeweller Ltd. (Rs. 38.60,-0.64%), TTK Prestige Ltd. (Rs. 6419.90,-0.18%),. The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2360 , shares advanced were 1129 while 1081 shares declined and 150 were unchanged.