ADVERTISEMENT
Sensex Rises Over 200 Points From Day's Low Amid Volatile Trade: 10 Things To Know
23 Jul 2019, 10:13 AM IST
- At 10:03 am, the Sensex traded 27.78 points - or 0.07 per cent - higher at 38,058.91 while the NSE Nifty was up 18.05 points - or 0.16 per cent - at 11,364.25.
- Top percentage gainers on the 50-scrip index at the time were Infosys, Kotak Mahindra Bank, Wipro, Hero MotoCorp and Axis Bank, trading between 1.48 per cent and 2.37 per cent higher.
- On the other hand, Bharti Infratel, HDFC, Indiabulls Housing Finance, Cipla and Adani Ports - trading between 1.31 per cent and 1.97 per cent lower - were the top laggards.
- Infosys, Kotak Mahindra Bank and Axis Bank contributed the most to the advances in Sensex, while SBI, HDFC and HDFC were the top drags.
- Market breadth favoured gains with 834 stocks trading higher on the BSE and 628 struggling with losses. On the NSE, 873 stocks advanced while 671 declined.
- The Nifty IT index - a sectoral gauge on the NSE comprising information technology stocks - added as much as 1.20 per cent, led by Infosys and Wipro in early deals.
- Shares in Kotak Mahindra Bank rose as much as 2.11 per cent, a day after the private sector bank reported a 32.71 per cent rise in its net profit for the quarter ended June 30.
- Dewan Housing Finance shares 4.10 per cent on the NSE, a day after the housing finance company said its audited results were largely in line with the unaudited net loss it reported on July 13. Dewan Housing Finance filed its long-delayed audited results for the quarter ended March 31 late on Monday, and revealed that its auditors had raised several red flags around its numbers.
- Meanwhile, global stocks rose on expectations of policy easing by major central banks such as the Federal Reserve of the US. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.02 per cent. Japan's Nikkei rose 0.25 per cent. Overnight in the US, the S&P 500 index edged up towards a record high.
- The Sensex had declined 1,184.51 points - or 3.02 per cent - in the past three consecutive sessions.
(With inputs from Reuters)
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT