Saturday, July 13, 2019

MARKET SUMMARY OF 12 JUL 2019


Domestic indices ended Friday's choppy session in the negative territory. The markets remained range-bound, in the positive territory, for most part of the day but were dragged lower by index heavyweights like HDFC Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance. The benchmark S&P BSE Sensex closed at 38,736 levels, down 87 points . Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the spectrum. The broader Nifty50 too settled with cuts. The 50-share index settled at 11,552 levels, down 30 points. In the broader market, the BSE MidCap index ended 59 points, higher at 14,554 levels while the BSE SmallCap index closed 22 points  higher at 13,776 levels.Sectorally, banking, financial services and FMCG counters were under pressure. The Nifty Bank index closed lower followed by Nifty Financial Services index, down 0.29 per cent. Among gainers, Nifty metals, pharma and realty counters were up between.Eris Lifesciences hits record low as stock turns ex-date for share buyback Quess Corp surges 18% on preferential share allotment to Amazon SBI Life Insurance hits record high; surges 34% thus far in FY20 Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6% Den Networks rallies 11% as Co swings to profit in June quarter Oil hovers near 6-week high amid Gulf of Mexico storm, West Asia tensions

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