Nifty holds 10,900 mark; Zee, JSW Steel stocks gain

On the sectoral front, media, metal, and banking stocks are trading higher in the range of 1%, while auto, realty, and IT indices are under pressure.

Jan 23, 2019 04:01 IST India Infoline News Service

Nifty today
Equity benchmark indices opened on a tepid note tracking mixed global cues. On the sectoral front, media, metal, and banking stocks are trading higher in the range of 1%, while auto, realty, and IT indices are under pressure.

The Sensex slipped 45 points to 36,398, while the Nifty was slightly up at 10,922 levels. The market breadth was positive with 888 shares advancing, 646 shares declining, and 520 remaining unchanged.

Zee, JSW Steel, Tata Steel, Yes Bank, and Hindalco were the top gainers on the Nifty50, while Sun Pharma, Kotak Mahindra Bank, Infosys, TCS, and IndusInd Bank were trading in the red.

Volatility index India VIX gained 0.33% to 17.98.

The most active stocks were Yes Bank, Mindtree, Reliance Industries, ICICI Prudential, and Asian Paints.

The Indian rupee has opened up 27 paise at 71.17/$ against previous close of 71.44/$.

Shares of Oberoi Realty lost ~1% in early morning trade on Wednesday as the company missed street estimates on all fronts. Oberoi Realty Ltd’s consolidated revenue from operations increased 48% yoy to Rs528.62cr as against Rs356.2cr in Q3FY18, however missing the consensus estimates by 23%. Read more

ICICI Prudential Life Insurance Company stock dropped 8% as its net profit after tax declined by 34.4% yoy at Rs296.77cr on a yoy basis.

Asian markets opened lower on Tuesday on mounting signs of slowing global growth and anxiety over yet unresolved Sino-US trade dispute. Read more

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