Tuesday, 20 December 2016

Sensex, Nifty steady amid consolidation; IT index gains 1%

Benchmark indices remained steady amid low volumes in morning, supported by technology, infra and FMCG stocks. Banks stocks remained under pressure. 

11:20 am Order win: HPL Electric & Power has received orders of over Rs 100 crore, which include Rs 70 crore for Bhopal Smart City Lighting project and Rs 33 crore for energy meters from Southern Power Distribution.

For Bhopal Smart city lighting order, HPL has earlier entered as part of a consortium with Bharti Infratel and Ericsson.

Also read - Buy, sell, hold: 13 stocks that you can focus today 

11:00 am Market Check 

Benchmark indices remained steady amid low volumes in morning, supported by technology, infra and FMCG stocks. Banks stocks remained under pressure.

The 30-share BSE Sensex was up 23.06 points at 26397.76 and the 50-share NSE Nifty gained 4.85 points at 8109.20.

Nifty IT index climbed 1 percent as TCS and Infosys rallied 1-2 percent. ITC and L&T continued to support the market with a percent upside.

Shares ICICI Bank, SBI, ONGC, Bajaj Auto and Axis Bank remained lower by 1-2 percent.

Non-banking finance company Bharat Financial was the most active stock on the NSE, falling more than 3 percent.
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1 comment:

Kailash Soni said...

The Indian Share Market droped for the 5th consecutive session Tuesday with the Nifty ending beneath 8100-mark, weighed by banking & financials shares. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices decreasing 1.4% and 0.9%, several.

Overall the market has been rangebound, though it droped further in today's trade. The broad level for the Nifty could be 7900-8300 in sell term, experts say.

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