single

Key indices pared gains after hitting fresh intraday high in afternoon trade. At 13:19 IST, the barometer index, the S&P BSE Sensex, was up 60.54 points or 0.16% at 36,885.64. The Nifty 50 index was up 8.25 points or 0.07% at 11,142.55. Gains were boosted by data showing that FPIs and DIIs, both, turning net buyers of equities yesterday, 24 July 2018.

A bout of volatility was seen in early trade as stocks regained positive zone soon after erasing intraday gains. A divergent trend was witnessed in morning trade as the barometer index, the S&P BSE Sensex, was trading with small gains while the Nifty 50 index was trading with minor losses. Divergent trend continued in mid-morning trade. Indices pared gains after hitting fresh intraday high in afternoon trade.

As per provisional data released by the stock exchanges, foreign portfolio investors (FPIs) bought shares worth a net Rs 104.34 crore while domestic institutional investors (DIIs) bought shares worth a net Rs 513.78 crore yesterday, 24 July 2018.

The S&P BSE Mid-Cap index was up 0.31%. The S&P BSE Small-Cap index was up 0.53%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,419 shares rose and 1,049 shares fell. A total of 141 shares were unchanged.

Index heavyweight and housing finance major HDFC was up 1.06% to Rs 2,000.15.

Index heavyweight Reliance Industries (RIL) was up 0.85% to Rs 1,119.95.

Index heavyweight and cigarette major ITC was up 0.81% to Rs 286.55.

Index heavyweight and IT major Infosys was up 0.52% to Rs 1,383.10.

Engineering & construction major L&T was up 0.55% to Rs 1,329.85.

NTPC (down 3.5%), Bharti Airtel (down 2.5%), Power Grid Corporation of India (down 1.29%), TCS (down 0.95%), Hindustan Unilever (down 0.92%) and Kotak Mahindra Bank (down 0.72%), were the major Sensex losers.

Vedanta (up 2.11%), Adani Ports and Special Economic Zone (up 1.97%), Yes Bank (up 1.70%), Tata Steel (up 1.45%), ONGC (up 1.24%) and Bajaj Auto (up 1.15%), were the major Sensex gainers.

Overseas, most European declined on Wednesday, as investors awaited a key meeting between the European Commission and President Donald Trump and digested fresh earnings.

Investor sentiment is somewhat cautious ahead of a meeting between president of the European Commission, Jean-Claude Juncker, and Trump at the White House in Washington. During the gathering, the two leaders are expected to discuss a range of topics including trade relations — the latter will be watched closely following a recent trade spat between the two regions.

Asian stocks were mixed. Meanwhile, Beijing on Tuesday reportedly signalled that it would shift to a looser fiscal policy in a bid to protect the world's second largest economy from the impact of an escalating trade row with Washington. US equity benchmarks finished Tuesday mostly higher, led by technology and health-care companies.

0 thoughts on “Market pares gains”

Post Comment



  MCX Commodity Tips

MCX Commodity Tips is very much favorable to all and can be traded at any time in the market to whoever can trade after their job working hours as MCX market starts at 10:00am to 11:30pm mostly can be done with little investment and our calls reaching more accuracy. MCX Commodity Tips is also called as SureShot Commodity Tips as we maintain above 80% accuracy.


View My Stats