Tuesday 19 February 2019

Market Live: Nifty above 10,650, Sensex up 100 points; Emami rises 5% after stake sale


Market Opens: It is a flat start for the Indian Indices with Nifty hovering around 10650 level.

The Sensex is up 51.90 points at 35550.34, while Nifty is up 15.40 points at 10656.40. About 497 shares have advanced, 249 shares declined, and 37 shares are unchanged. 

Gainers include Jet Airways, Ambuja Cements, Dr Reddy's Lab, Sun Pharma, Grasim, JSW Steel, Hindalco, Emami, while losers are Indiabulls Housing, Wipro, HDFC, Adani Port and IDFC.

Market at pre-open: Benchmark indices are mixed in in the pre-opening trading with Nifty holding above 10,600.

At 09:02 hrs IST, the Sensex is up 96.03 points or 0.27% at 35594.47, and the Nifty down 13.70 points or 0.13% at 10627.30.

Emami, Tata Motors, Yes Bank are trading with marginal gains in the pre-opening session.

Money market shut today on account of Chatrapati Shivaji Maharaj Jayanti.

Crude update: Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.

Asian markets firm: Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-US trade talks were making positive progress and expectations of policy stimulus from central banks.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 22.50 points or 0.21 percent. Nifty futures were trading around 10,675.50-level on the Singaporean Exchange.

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Source: Moneycontrol

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