Market Live: Sensex, Nifty off the day’s lows; market breadth still negative

Moneycontrol News

14:14 Checking the benchmarks market outweighs the weak points of the day, the Sensex Nifty trades and are almost flat with a positive bias.

The Sensex rose 41.72 points 30,476.51, while Nifty rose 8.25 points to 9,437.70. The width of the market remained negative as the stocks of 848 advanced against a decrease of 1771 shares, while 153 stocks remained unchanged.

Asian Paints, Gail and IndusInd Bank were the top losers in both indices, while ITC and HUL the most won.

13h 30 Faith and Order List: BSE stock contracts present futures and options in five companies, including RBL Banco and Compañía Nacional de Aluminio (Nalco), as of May 26

Hindustan Construction Company, Kajaria Ceramics and Ramco Cement from other companies in which futures and options have been authorized.

Market control 13:15: benchmark indexes are trading low, Sensex and Nifty cut all losses and completely reverse the trend.

The Sensex fell 33.44 points 30,401.35, while the Nifty fell 18.40 points 9411.05. The amplitude of the market was negative as the stocks of 798 advanced against a decrease of 1743 shares, while stocks of 155 remained unchanged.

ITC and the State Bank of India were the first winners, while Asian Paints, Hindalco and Gail were the main losers.

12:51 Gains: State Bank of India (SBI) rose by 122 percent year over year net profit for the March quarter at Rs 2,814 crore Friday, which was slightly lower than the CNBC-TV18 estimate of Rs2.832 crore.

The largest public sector bank recorded a net profit of Rs 1,263.81 crore in the corresponding quarter of last year.

Net interest income increased by 17.3% (year-on-year) 18,070,700,000 DEM for the quarter ending in March, which was higher than the CNBC-TV18 estimate of 15,275 and R $ 90 million. OSE reported net interest income of $ 15 401.30 gross in the same period last year.

24:30. Control: The Rajesh Exports Jewelry Company announced today that it hired an export order of Rs 1.140 crore value from a company based in the UAE.

“Rajesh exports has acquired a prestige order for its products worth Rs 1,140 crore,” the company said in a report to the BSE.

24:05 pm Checking the market selling pressure took over the D-Street at the end of the morning session, as the market erased a large portion of its profits.

Sensex recorded only 48.79 30.483.58 points, while the Nifty increased 4.30 points 9433.75. The width of the market, however, was negative as the 1311 stocks advanced against a decline of 1,385 shares, while 125 stocks remained unchanged.

ITC Hul continued to gain in indices, while Maruti Suzuki, TCS, Hindalco and Eicher Motors lost more.

Zombie 11:40: share price of Sutlej Industries Textiles and rose more than 4 percent intraday on Friday as the company has approved the subdivision of its shares.

The company, at its meeting held on May 18, approved the subdivision of the shares of Rs 10 each into 10 shares of Re 1 each.

The shares of the subdivision are subject to shareholder approval and will be effective after other legislative and regulatory approvals.

11:24 CESC World brokerage: Macquarie maintains the most aggressive target price of Rs 12 months of 1100 on Cesc sees strong revaluation in share price as a result of restructuring. It increased its target price from Rs 658 to Rs 1100.

CESC has announced a massive restructuring of its activities dividing the existing company into four different companies focused on a particular industry. This is a clean mirror and departed without loss of value for minorities.

11:10. Checking the market benchmark indices gave some of their initial earnings after Sensex hit a record high in the morning session.

The Sensex climbed 142.25 points to 30,577.04, and the Nifty increased by 36.25 points to 9465.70. Some 1,532 shares have advanced, 735 and 105 shares decreased shares have not changed.

The best loser includes OSE, HUL, ITC, Bharti Airtel and Coal India, while the top losers include TCS, Infosys, Wipro, Asian Paints and Maruti Suzuki.