The Indian Wire » Business » Stock Market Live : Struggling market closes in positive trend, Sensex up by 97.39 points

Stock Market Live : Struggling market closes in positive trend, Sensex up by 97.39 points



At the end of the market, Sensex was recorded 97.39 points or 0.28% at 34474.38 whereas, Nifty 50 was trading higher at 10348.00 by 31.50 points or 0.31%.

The market today began on a negative note, but a sudden recovery in the closing market hours allowed the indices to settle in a green zone. The credit for pushing the market towards a positive end goes to Reliance Industries and Kotak Mahindra Bank who boosted the trend.

Who gained? Who did not?

On NSE, HindPetro (+8.54%), Yes Bank (+8.54%), IOC (+8.54%), Reliance(+8.54%), Heromotoco (+8.54%) were the top players. On the flip, VEDL(-10.51%), Hindalco (-6.68%), TechM (-3.43%), BajajFinance (-3.03%), Wipro (-2.40%) dreaded the most.

Among the gainers on BSE were, GCM Capital Adv (+19.05%), Ceejay Finance (+16.85%), GRM Overseas (+16.17%), Chothani Ltd.(+15.84%), and Beryl Drugs (+15.66%).

On the flip, SVP Housing Ltd. (-20.00%), Goa Carbons (-20.00%), Celestial Bio (-19.97%), NHC Foods (-19.97%) and Amba Enterprises Ltd. (-19.91%) were trading in green.


  • At the closing hours, BSE Sensex was higher at 34,474.38 whereas, Nifty 50 ended at 10,348.05.
  • BSE MidCap and Small Cap witnessed the downfall of 1.99% and 2.01% respectively.
  • BSE’s Sectoral indices posted gains in the Monday Trade. Energy advanced the most at 4.38% whereas oil and gas closed at 3.30% higher.
  • The Metal and Realty lost over 3% followed by IT, industrial and capital goods which traded 1% down.


The Benchmark indices continue to dread over weak market trend. Nifty broke 10,200 and reached it’s lowest point since April 4, 2018. Sensex was below 34,000.

The negative market trend since early 2018 might attract some foreign investors looking for a long-term bargain.


Market volatility continues after the intra-day trade today. Sensex slipped 200 points whereas, Nifty 50 was trading below 10,500. The Benchmark indices were pushed lower due to the underperformance of Metal stocks.

Following a choppy trend, Rupee went back to trade at its historical low of 74/$.

Reliance, Yes Bank, Hero MotorCorp and Coal India gained the most. On the flip, Vedanta, Wipro, TCS and HDFC dreaded the most.


After Sensex and Nifty, Rupee recovers breaching the bearish market trend

Indian currency posted a slight recovery after hitting the record low of ₹74.22/dollar. Presently, It is trading at ₹73.91 per dollar. Earlier this week, The rupee witnessed an all-time low post-RBI’s decision to keep the repo rate.


Benchmark Indices trading in green, Goa Carbon fell 17%

Benchmark indices continued to erase losses at 11.30 am today. BSE Sensex was trading 183.63 points higher at 34,560.62. Whereas, NSE’s Nifty went 61 points up at 10,377.50.

Pharma, Banks and Energy advanced 1-3 per cent from its previous trade price whereas, midcap and smallcap still continue to trade in red.

Goa Carbon posted a steep fall of 17 per cent owing to weak sale trends in the previous month. The company witnessed a downfall of 181.13 MT in September 2018.


Eicher Moto trading 5% higher, Gravity India drops 9%

Shares of Eicher Motors advanced 5% amid volatile market trade after the company announced the establishment of a new production facility in Bhopal. The VE Commercial Vehicles, a subsidiary of Eicher Motors will invest ₹400 crore to set up this facility.

On the contrary, Shares of Gravita India were pushed down to a 52-week low of ₹69.50 after a ₹300 crore deal was cancelled.

Moreover, Canara Bank and HDFC bank were buzzing stocks after they hiked their lending rate by 5 basis points.

10:00 AM

Sudden recovery by Sensex from 300 points, Yes Bank advances 3%

After posting a fall of 300 points at 9.30 am, Sensex managed to recover after 45 minutes of trade. At 10.00 am Sensex was down 9.4 points at 34,367.5. Further, Nifty 50 was trading in green at 10,317.6. The volatile trend is followed by rising stocks like Yes Bank. 

Shares of Yes bank were trading in green zone post media reports about the out-of-court settlement. On the Flip, The Aavas Financier posted a discount of 9.1% against the initial issue price of ₹821. It was trading at ₹746/share at 10.00am today.

Moreover, 659 shares were trading in the green, whereas 1,170 shares were below their previous trading price.

9:30 AM

Sensex drops 300 points; Metal, Pharma begin on a negative note

At the beginning of the market today, the BSE Benchmark index Sensex dropped 100 points moving forward to lose over 300 points at 34048. The market continues to extend its losses from the last week.

NSE’s Nifty was trading in red, down by 107 at 9.36 am today. Following the same trend, Bank Nifty and Nifty Realty also started on a negative note in the morning trade. Further, Pharmaceuticals, FMCG and Metals were on week note.

Only 459 shares advanced, whereas 1073 shares witnessed a fall.

Yes Bank is the top player as it gained (+2.42%) Among the top losers are Vedanta (-3.45%) and HDFC (-2.42%)

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