Nifty holds 11,500 mark; Realty, IT stocks gain

On the sectoral front, realty index surged nearly 2% led by gains in Prestige, Indiabulls Real Estate, and Godrej Properties.

Mar 20, 2019 09:03 IST India Infoline News Service

Nifty
Equity benchmark indices swung widely between positive and negative terrains on Wednesday morning trade. Indiabulls HF, Infosys, Wipro, and Hindalco are trading higher, while Zee, IOC, HPCL, and BPCL are trading lower on the NSE.

On the sectoral front, realty index surged nearly 2% led by gains in Prestige, Indiabulls Real Estate, and Godrej Properties. Banking, auto, media, and financial services were trading in the red.

Shares of Jet Airways dropped 5% after the crisis at the company deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.

Shares of Jubilant Life slipped 6% after ~33 lakh shares changed hands in a block deal, as per media reports.

The Sensex rose 10 points to 38,373, while the Nifty is slightly lower 4 points to 11,528. The market breadth was negative with 731 shares advancing, 832 shares declining, and 513 remaining unchanged on the NSE.

Volatility index India VIX was down 2.09% at 16.49.

The most active stocks on NSE are Jubilant, Infosys, Axis Bank, and Reliance Industries.

The currency opened lower by 8 paise at 69.05 per dollar on Wednesday vs. Tuesday's close 68.97.

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