Moneycontrol Be a Pro
Get App
Live now
AUTO REFRESH
Jul 17, 2019 03:39 PM IST | Source: Moneycontrol.com

Closing Bell: Nifty gains for 3rd day but fails to hold 11,700; Midcap index underperforms

Sectoral indices were mixed in trade with Auto falling a percent while Nifty Bank gained 165 points.

  • Jul 17, 03:38 PM (IST)

    Market Closing:

    Benchmark indices continued to gain for third consecutive session with the Nifty reclaiming 11,700 level intraday, driven by banks, FMCG and IT stocks.

    The BSE Sensex was up 84.60 points at 39,215.64 and the Nifty50 rose 24.90 points to 11,687.50 while Nifty Bank gained 165 points.

    But the market breadth was in favour of bears as about 1,350 shares declined against 1,099 advancing shares on the BSE.

      Market Closing : 

 Benchmark indices continued to gain for third consecutive session with the Nifty reclaiming 11,700 level intraday, driven by banks, FMCG and IT stocks. 

 The BSE Sensex was up 84.60 points at 39,215.64 and the Nifty50 rose 24.90 points to 11,687.50 while Nifty Bank gained 165 points. 

 But the market breadth was in favour of bears as about 1,350 shares declined against 1,099 advancing shares on the BSE.
  • Jul 17, 03:30 PM (IST)

    Agro Tech Foods said Arijit Datta, the Chief Financial Officer (CFO) of the company has tendered his resignation.

  • Jul 17, 03:29 PM (IST)

    ICICI Lombard General Insurance said Vishal Mahadevia resigned as Non-executive, Independent Director of the company.

  • Jul 17, 03:18 PM (IST)

    Home First Finance mulls Rs 1,500-crore IPO - here's all you need to know

    Housing finance firm Home First Finance Company (HFFC) is mulling worth Rs 1,500-crore initial public offer, reports suggest.

    According to a report in The Economic Times, the Mumbai-based private lender plans to offload some existing investor stake and also raise primary capital via its initial public offering (IPO). The sales procedure would be carried out by Credit Suisse, Kotak Mahindra Capital and ICICI Securities. Read more

  • Jul 17, 03:10 PM (IST)

  • Jul 17, 02:59 PM (IST)

    Market Update:

    Benchmark indices were trading in the positive, with Sensex up over 100 points, while Nifty was near 11,700 levels.

    Sensex was up 110.05 points or 0.28 percent at 39,241.09, and the Nifty was up 28.40 points or 0.24 percent at 11,691. About 1062 shares have advanced, 1246 shares declined, and 133 shares are unchanged.

    Kotak Mahindra, Indiabulls Housing, HCL Technologies were the biggest gainers, while Yes Bank, ONGC and Eicher Motors were the top losers.

    On the sectoral front, all but auto and pharma stocks were trading in the red. FMCG stocks were the top gainers, up 0.78 percent on Nifty.

  • Jul 17, 02:44 PM (IST)

    Results On July 18

      Results On July 18
  • Jul 17, 02:36 PM (IST)

    HDFC Securities Upgraded Federal Bank to buy with a target price at Rs 117 after Q1 Earnings

    "Inconsistent performance across parameters (spanning asset quality and C-I) capped valuations for Federal Bank over several quarters. We sense increasing stability over the last two quarters. Despite factoring higher slippages and provisions towards stressed exposures, bank can deliver earnings CAGR of around 28 percent led by operating leverage and better core performance, especially asset quality. To be sure, bank has stumbled in the past but several corrective initiatives are probably paying off, finally," the brokerage said.

Loading...
Sections
Follow us on
Available On
PCI DSS Compliant
Make every wish come true
10% CashBack on Apparel
10% CashBack on Electronics
Swipe & Win iPhone 11 every hour