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(13/08/2019 13:49)

Sensex, Nifty extend losses; Yes Bank top loser

Markets extended losses during the noon trading session with Nifty around 11,050. Ipca Laboratories Q1 Q1 net profit was up 89 percent at Rs 129.6 crore against Rs 68.6 crore, revenue up 23.2 percent at Rs 1,078.2 crore versus Rs 875.4 crore, YoY.

Meanwhile, shares of Sun TV Network fell more than 4 percent to hit fresh three-year low on August 13 as global brokerages slashed price target on the stock after weak earnings in Q1. Shares of Indoco Remedies rose more than 7 percent on August 13 after company reported profit in the quarter ended June 2019.

The company in Q1FY20 reported consolidated net profit of Rs 1.8 crore against loss of Rs 12.2 crore in the same quarter last fiscal.

At 13:40 hours, the 30-share benchmark index was trading at 37290.8 down by -291.11 points or by -0.77 % and then NSE Nifty was at 11032.6 down by -77.05 points or by -0.69 %.

Sensex touched intraday high of 37755.16 and intraday low of 37257.39 The NSE Nifty touched intraday high of 11145.9 and intraday low of 11017.7

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1286.35,+10.70%), Sun Pharmaceutical Industries Ltd. (Rs. 434.15,+2.90%), Power Grid Corporation of India Ltd. (Rs. 203.90,+0.92%), Bajaj Auto Ltd. (Rs. 2727.00,+0.74%), Asian Paints Ltd. (Rs. 1583.15,+0.50%), among others.

The top losers of the BSE Sensex pack were YES Bank Ltd. (Rs. 75.70,-7.80%), Mahindra & Mahindra Ltd. (Rs. 518.00,-5.07%), Bharti Airtel Ltd. (Rs. 352.70,-5.00%), NTPC Ltd. (Rs. 117.80,-4.85%), Housing Development Finance Corporation Ltd. (Rs. 2115.90,-4.34%), among others.

Oil&Gas index was at 13146.65 up by 273.71 points or by 2.13%. Reliance Industries Ltd. (Rs. 1286.35,+10.70%), GAIL (India) Ltd. (Rs. 127.45,+3.03%), Petronet LNG Ltd. (Rs. 239.20,+0.29%), Oil And Natural Gas Corporation Ltd. (Rs. 130.90,+0.27%), Indraprastha Gas Ltd. (Rs. 311.40,+0.10%),.

Auto index was at 15647.14 down by -414.78 points or by -2.58%. Motherson Sumi Systems Ltd. (Rs. 97.75,-8.47%), Bharat Forge Ltd. (Rs. 402.25,-5.76%), Mahindra & Mahindra Ltd. (Rs. 518.00,-5.07%), TVS Motor Company Ltd. (Rs. 373.65,-3.88%), Bosch Ltd. (Rs. 13754.75,-3.77%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2614 , shares advanced were 927 while 1543 shares declined and 144 were unchanged.