OMCs, Media stocks skid; Realty stocks gain

Shares of OMCs stock declined fall as Brent crude extended gains for the second day.

Feb 13, 2019 07:02 IST India Infoline News Service

High angle view of two business executives working at the stock exchange
Equity benchmark indices were trading higher in Wednesday’s trade, with the Sensex gaining 109 points at 36,263, while the Nifty rose 30 points at 10,862 levels.

The stock markets opened higher in early trade boosted by improved industrial production data for December.

The NSE Nifty Realty Index snapped two day’s decline and rallied 1% led by the gains in Sobha, Godrej Properties, and Oberoi Realty.

The Nifty Media index declined 1.5% at 2,240 led by Dish TV, Zee Media, and Zee. TV18 Broadcast stock dropped 2%, followed by Eros Media, Jagran, Sun TV and Network 18.

In the pharma space, Aurobindo Pharma slipped 5%, Lupin, Cadila, Biocon fell in the range of 1-2% respectively.

The Nifty Auto index is down 0.57% at 8,231. Heavy selling pressure was witnessed in Eicher, Hero MotoCorp, and Ashok Leyland. On the flip side, Motherson Sumi, Tata Motors, and Bharat Forge surged in today’s trade.

Shares of OMCs declined as Brent crude extended gains for the second day. HPCL, BPCL, and IOC were down 3-2% respectively.

From the FMCG space, ITC, HUL, UBL, and Godrej Industries rose in the range of 1-2%, while Marico, and Colgate slipped 2% each.

On the other hand, Nifty index is trading slightly higher at 15,976. Infibeam, Infosys, Wipro, and Mindtree stock gained.

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