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Sensex reclaims 36,000, Nifty above 10,870; YES bank, HDFC gains

Share Source By

Dion Global

28 Dec 2018

The Indian benchmark indices following strong global cues was trading close to a percent in the green. Indices opened higher in Friday’s trade, tracking firm closing for US stocks in overnight trade. Most Asian markets gained after Wall Street ended volatile trade in the blackgreen. Among the sectoral indices, the bank index is trading over 1 per cent higher led by YES Bank and HDFC Bank each gained 2 per cent. The shares of Lemon Tree Hotels were trading 9 per cent higher on NSE in early trade as company has formed a joint venture with an arm of global private equity firm Warburg Pincus to develop rental housing projects envisaging investments of Rs 30 billion over a period of time.

At 10:18 AM BSE SENSEX was trading at 36168.24 up by 360.96 points or by 1.01 per cent and then NSE Nifty was at 10873.6 up by 93.8 points or by 0.87 per cent.

The BSE Sensex touched intraday high of 36169.66 and intraday low of 35911.99 The NSE Nifty touched intraday high of 10879.25 and intraday low of 10817.15.

Top gainers of the BSE Sensex were Sun Pharmaceutical Industries Ltd. (Rs. 422.90,+2.57%), YES Bank Ltd. (Rs. 182.50,+2.21%), Tata Motors Ltd. (Rs. 93.00,+2.03%), Housing Development Finance Corporation Ltd. (Rs. 1984.70,+1.95%), IndusInd Bank Ltd. (Rs. 1596.00,+1.89%), among others.

Whereas, Coal India Ltd. (Rs. 242.35,-2.92%), NTPC Ltd. (Rs. 147.55,-0.30%), were among the top losers of the BSE Sensex.

On sectoral front BSE CDS index was at 20385.98 up by 265.8 points or by 1.32%. PC Jeweller Ltd. (Rs. 88.20,+3.76%), Titan Company Ltd. (Rs. 906.65,+2.08%), Rajesh Exports Ltd. (Rs. 579.75,+1.51%), Whirlpool of India Ltd. (Rs. 1344.00,+1.32%), Symphony Ltd. (Rs. 1105.80,+1.28%). In BSE Bankex index was at 30387.99 up by 361.58 points or by 1.2%. YES Bank Ltd. (Rs. 182.50,+2.21%), IndusInd Bank Ltd. (Rs. 1596.00,+1.89%), Bank of Baroda (Rs. 118.40,+1.54%), ICICI Bank Ltd. (Rs. 360.80,+1.52%), State Bank of India (Rs. 295.55,+1.27%)

On the flip side were BSE IT index was at 14104.3 down by 61.01 points or by 0.43%. Matrimony.com Ltd. (Rs. 451.00,-7.63%), MIC Electronics Ltd. (Rs. 1.54,-4.94%), Intense Technologies Ltd. (Rs. 39.80,-3.63%), Sasken Technologies Ltd. (Rs. 669.70,-1.46%), 8K Miles Software Services Ltd. (Rs. 143.65,-0.86%). Also, BSETECk index was at 7082.42 down by 35.93 points or by 0.51%. Dish TV India Ltd. (Rs. 37.35,-0.66%), Navneet Education Ltd. (Rs. 104.55,-0.43%), Oracle Financial Services Software Ltd. (Rs. 3667.30,-0.05%), Bharti Infratel Ltd. (Rs. 266.90,-0.02%).

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1979 , shares advanced were 1365 while 516 shares declined and 98 were unchanged.