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Sensex surges 228 points; CGS, TECK support

Share Source By

Dion Global

14 Aug 2020

The Indian markets opened higher on Friday ahead of the SC hearing on telcos' AGR dues later in the day.

Besides, Eicher Motors slipped over 2 per cent in early deals after posting a net loss of Rs 55 crore in the June quarter results (Q1FY21). Hero MotoCorp was also trading lower after reporting a 95 per cent YoY dip in Q1 net profit.

A total of 231 companies including Glenmark Pharma, Berger Paints, and HIndalco Industries are scheduled to announce their June quarter earnings today.

At 9:30 hours, the 30-share benchmark index was trading at 38538.48 up by 227.99 points or by 0.6 % and then NSE Nifty was at 11347.7 up by 47.25 points or by 0.42 %.

Sensex touched intraday high of 38539.44 and intraday low of 38392.14 The NSE Nifty touched intraday high of 11357.85 and intraday low of 11329.05

The top gainers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 1004.00,+1.36%), Sun Pharmaceutical Industries Ltd. (Rs. 527.80,+1.34%), Reliance Industries Ltd. (Rs. 2148.40,+1.23%), Asian Paints Ltd. (Rs. 1820.00,+0.99%), NTPC Ltd. (Rs. 88.05,+0.97%), among others.

The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2772.05,-1.39%), HCL Technologies Ltd. (Rs. 719.00,-0.89%), Titan Company Ltd. (Rs. 1090.50,-0.65%), Power Grid Corporation of India Ltd. (Rs. 177.60,-0.64%), Tata Steel Ltd. (Rs. 410.75,-0.60%), among others.

CGS index was at 13980.55 up by 103.73 points or by 0.75%. Hindustan Aeronautics Ltd. (Rs. 1360.00,+4.56%), NBCC (India) Ltd. (Rs. 27.25,+4.41%), Finolex Cables Ltd. (Rs. 282.75,+2.08%), Carborundum Universal Ltd. (Rs. 261.10,+1.52%), ABB India Ltd. (Rs. 944.15,+1.43%),.

Auto index was at 17668.29 down by -73.47 points or by -0.41%. Eicher Motors Ltd. (Rs. 21235.00,-2.01%), Bosch Ltd. (Rs. 14163.35,-1.67%), Hero MotoCorp Ltd. (Rs. 2772.05,-1.39%), TVS Motor Company Ltd. (Rs. 425.20,-1.24%), Tata Motors Ltd. (Rs. 129.85,-0.95%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1866 , shares advanced were 1148 while 634 shares declined and 84 were unchanged.