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(20/11/2020 12:38)

Mid-Session: Indices trade flat with Nifty below 12,800

Trimming all the early gains, Indian benchmark indices slipped in red during the noon trading session.

Selling pressure was witnessed in stocks including Reliance Industries Ltd, Axis Bank Ltd. , IndusInd Bank Ltd., Sun Pharmaceutical Industries Ltd. and State Bank of India among others.

At 12:38 hours, the 30-share benchmark index was trading at 43579.05 down by -20.91 points or by -0.05 % and then NSE Nifty was at 12792.45 up by 20.75 points or by 0.16 %.

Sensex touched intraday high of 43889.4 and intraday low of 43453.75 The NSE Nifty touched intraday high of 12855.2 and intraday low of 12730.25

The top gainers of the BSE Sensex pack were Bajaj Finserv Ltd. (Rs. 8154.00,+4.24%), Titan Company Ltd. (Rs. 1339.90,+3.68%), Nestle India Ltd. (Rs. 17394.05,+2.72%), Mahindra & Mahindra Ltd. (Rs. 839.45,+2.14%), NTPC Ltd. (Rs. 91.50,+1.95%), among others.

The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1916.30,-2.86%), Axis Bank Ltd. (Rs. 594.15,-2.79%), IndusInd Bank Ltd. (Rs. 796.35,-2.61%), Sun Pharmaceutical Industries Ltd. (Rs. 497.55,-1.94%), State Bank of India (Rs. 235.80,-1.65%), among others.

Among the sectors, TECk index was at 9914.07 up by 100.76 points or by 1.03%. Bharti Infratel Ltd. (Rs. 207.70,+11.91%), Jagran Prakashan Ltd. (Rs. 40.25,+7.33%), Larsen & Toubro Infotech Ltd. (Rs. 3080.00,+3.25%), IndiaMART InterMESH Ltd. (Rs. 4966.45,+3.17%), MindTree Ltd. (Rs. 1359.75,+3.07%),.

Bankex index was at 32975.9 down by -230.05 points or by -0.69%. City Union Bank Ltd. (Rs. 183.10,-4.44%), Axis Bank Ltd. (Rs. 594.15,-2.79%), IndusInd Bank Ltd. (Rs. 796.35,-2.61%), Bandhan Bank Ltd. (Rs. 344.00,-2.40%), Federal Bank Ltd. (Rs. 57.35,-2.13%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2945 , shares advanced were 1432 while 1313 shares declined and 200 were unchanged.