News Details

( As on 29/09/2020 11:00)

Indices trade flat; bank, FMCG stocks drag

Benchmark indices erased most of the early gains and trading flat with Nifty around 11220 amid selling in banking, FMCG and infra stocks.



Among individual stocks, Prime Focus share price jumped over 4 percent after the company announced its intention to commence a private offering of USD 375 million in aggregate principal amount of senior secured notes due 2025. DNEG plc announced that it intends to commence a private offering of USD 375 million in aggregate principal amount of senior secured notes due 2025.



At 10:50 hours, the 30-share benchmark index was trading at 37979.41 down by -2.22 points or by -0.01 % and then NSE Nifty was at 11220.25 down by -7.3 points or by -0.07 %.



Sensex touched intraday high of 38235.94 and intraday low of 37883.75 The NSE Nifty touched intraday high of 11305.4 and intraday low of 11202.45



The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2492.60,+2.77%), Tata Steel Ltd. (Rs. 366.55,+1.55%), Asian Paints Ltd. (Rs. 1971.45,+1.30%), Reliance Industries Ltd. (Rs. 2241.30,+1.15%), UltraTech Cement Ltd. (Rs. 3973.45,+1.15%), among others.



The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 533.35,-3.89%), Bharti Airtel Ltd. (Rs. 433.80,-2.17%), ICICI Bank Ltd. (Rs. 355.05,-2.16%), Axis Bank Ltd. (Rs. 430.15,-2.05%), Oil And Natural Gas Corporation Ltd. (Rs. 70.45,-2.02%), among others.

Among the sectors, Metal index was at 8425.07 up by 108.9 points or by 1.31%. Hindalco Industries Ltd. (Rs. 174.60,+4.15%), JSW Steel Ltd. (Rs. 282.05,+1.79%), Tata Steel Ltd. (Rs. 366.55,+1.55%), Jindal Steel & Power Ltd. (Rs. 185.80,+1.03%), Vedanta Ltd. (Rs. 140.30,+0.90%),.



Bankex index was at 24299.12 down by -320.73 points or by -1.3%. IndusInd Bank Ltd. (Rs. 533.35,-3.89%), Bandhan Bank Ltd. (Rs. 274.35,-2.23%), ICICI Bank Ltd. (Rs. 355.05,-2.16%), Axis Bank Ltd. (Rs. 430.15,-2.05%), RBL Bank Ltd. (Rs. 170.60,-1.76%),.



The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2344 , shares advanced were 959 while 1235 shares declined and 150 were unchanged.