Indices end in the red after record rally; Nifty at 11,657, Sensex down 298 points
23 May 2019
Market Close: Benchmark indices ended lower on May 23 as they wiped out all its intraday gains after hitting record highs in the morning trade.
At close, the Sensex was down 298.82 points at 38811.39, while Nifty was down 55.40 points at 11682.50. About 1182 shares have advanced, 1303 shares declined, and 170 shares are unchanged.
IndusInd Bank, Zee Entertainment, Adani Ports, Grasim Industries and Cipla were among major gainers the Nifty, while losers were Vedanta, Eicher Motors, ITC, Hindalco and Bajaj Finserv.
Among sectors, except infra (up 1 percent) all other sectoral indices ended in red led by FMCG, energy, metal, IT, auto and pharma.
Market Update: Benchmark indices wiped out all its intraday gains and trading lower after hitting record highs in the morning trade.
At 15:06 hrs IST, the Sensex is down 263.35 points or 0.67% at 38846.86, and the Nifty down 67.40 points or 0.57% at 11670.50. About 1140 shares have advanced, 1261 shares declined, and 143 shares are unchanged.
Rupee at day's low: The Indian rupee erased all its morning gains and trading lower by 19 paise at 69.85 per dollar versus previous close 69.66.
Buzzing: Shares of ITI gained 3 percent on May 23 after it signed a Memorandum of Understanding (MoU) with the Department of Telecommunications, Ministry of Communications, Government of India for the year 2019-20.
Market Update: Benchmark indices are off their record high with Nifty below 11,850 level.
The Sensex is up 282.83 points at 39393.04, while Nifty is up 87.40 points at 11825.30. About 1183 shares have advanced, 1024 shares declined, and 119 shares are unchanged.
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Benchmark indices are off their day's high with the Sensex gaining 432.80 points or 1.11 percent at 39,543.01. The profit booking could be key reason.
The Nifty50 rallied 133.60 points or 1.14 percent to 11,871.50. About 1,274 shares advanced against 860 declining shares on the BSE.
Zydus gets USFDA approval: Zydus Cadila has received the final approval from the USFDA to market Esomeprazole Magnesium Delayed-Release Capsules USP (US RLD-NEXIUM), 25 mg and 40 mg. It will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad.
Market Update: Benchmark indices touched all-time record high as Sensex hit 40,000 and Nifty crosses 12,000 for the first time as early trends are showing that BJP led NDA is taking clear majority.
At 10:35 hrs IST, the Sensex is up 887.97 points or 2.27% at 39998.18, and the Nifty up 263.10 points or 2.24% at 12001.About 1424 shares have advanced, 476 shares declined, and 78 shares are unchanged.
Buzzing: Shares of Bank of Baroda rallied nearly 10 percent intraday on May 23 after the company cut losses in the quarter ended March 2019.
Market Update: Benchmark indices are trading strong on May 23 with Nifty above 11,950 as BJP led NDA crosses majority in leads.
At 09:54 hrs IST, the Sensex is up 740.53 points or 1.89% at 39850.74, and the Nifty up 216.00 points or 1.84% at 11953.90. About 1240 shares have advanced, 370 shares declined, and 68 shares are unchanged.
Buzzing: IndusInd Bank shares rallied another 5 percent intraday on May 23 as brokerages remained strong despite weak earnings in March quarter.
It had gained 4.84 percent in previous session after positive management commentary.
Market Opens: It is a strong start for the Indian indices on May 23 as counting for Lok Sabha Election 2019 showing NDA is leading on more than 272 seats.
At 09:18 hrs IST, the Sensex is up 539.05 points or 1.38% at 39649.26, and the Nifty up 156.00 points or 1.33% at 11893.90. About 821 shares have advanced, 118 shares declined, and 17 shares are unchanged.
IndusInd Bank, Indiabulls Housing, Adani Port, Yes Bank, Zee, Britannia, RIL, Sun TV, BOI, PNB, Indian Cements and BEML are the major gainers on the indices.
All the sectoral indices are trading in green led by banks, auto, energy, infra, metal, IT and pharma.
Market Update: Sensex and Nfity touched record highs in the pre-opening session as NDA leading on more than 200 seats.: Image Source: CNBC-TV18
Rupee Opens: The Indian rupee gained in the early trade on Thursday. It has opened higher by 21 paise at 69.45 per dollar on Thursday versus previous close 69.66.
Market at pre-open: Indian indices are trading higher in the pre-opening session as counting for Lok Sabha Election begins.
At 09:01 hrs IST, the Sensex is up 293.60 points or 0.75% at 39403.81, and the Nifty up 147.70 points or 1.26% at 11885.60.
SGX Nifty Update: SGX Nifty turns positive after current trend shwoing BJP is leading with 105 seats.Image Source: CNBC-TV18
Crude Update: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories and weak demand from refineries.
Asian markets trade weak: Asian shares were stuck in the red on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world's two largest economies.
SGX Nifty: Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 23 points or 0.20 percent. Nifty futures were trading around 11,757-level on the Singaporean Exchange.