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(24/01/2020 10:43)

Sensex surges 199 points; Nifty above 12,200

Paring all the early losses, Indian benchmark indices bounced back in green during the morning deals bouyed by auto and consumer goods stocks.

Among individual stocks, PNB Housing Finance share price tumbled more than 8 percent on January 24 after company posted its December quarter numbers. The company has posted 22 percent degrowth in its Q3FY20 net profit at Rs 237 crore versus Rs 303 crore, YoY.

At 10:30 hours, the 30-share benchmark index was trading at 41585.16 up by 198.76 points or by 0.48 % and then NSE Nifty was at 12236 up by 55.65 points or by 0.46 %.

Sensex touched intraday high of 41587.18 and intraday low of 41275.6 The NSE Nifty touched intraday high of 12246.35 and intraday low of 12149.65

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 536.35,+1.64%), HCL Technologies Ltd. (Rs. 607.60,+1.55%), Hero MotoCorp Ltd. (Rs. 2462.85,+1.34%), Axis Bank Ltd. (Rs. 732.10,+1.29%), Larsen & Toubro Ltd. (Rs. 1349.35,+1.24%), among others.

The top losers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 196.10,-2.56%), Infosys Ltd. (Rs. 778.20,-0.81%), Tata Consultancy Services Ltd. (Rs. 2176.60,-0.77%), Bharti Airtel Ltd. (Rs. 520.90,-0.52%), among others.

Among the sectors, Auto index was at 18664.83 up by 179.88 points or by 0.97%. Motherson Sumi Systems Ltd. (Rs. 144.10,+2.38%), Cummins India Ltd. (Rs. 580.00,+1.83%), Exide Industries Ltd. (Rs. 202.85,+1.81%), Bosch Ltd. (Rs. 15199.00,+1.65%), TVS Motor Company Ltd. (Rs. 471.00,+1.43%),.

On the flip side, _IT index was at 16166.4 down by -64.26 points or by -0.4%. Zensar Technologies Ltd. (Rs. 175.60,-11.51%), NIIT Technologies Ltd. (Rs. 1949.65,-2.05%), Aptech Ltd. (Rs. 179.30,-1.89%), L&T Technology Services Ltd. (Rs. 1700.25,-1.54%), Rolta India Ltd. (Rs. 4.09,-1.45%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2073 , shares advanced were 1274 while 664 shares declined and 135 were unchanged.