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(04/05/2021 10:48)

Markets trim early losses; SBI, Kotak Mahindra Bank top gainers

Indian benchmark indices pared all the early losses and bounced back in green during the morning deals amid buying in index heavyweights including State Bank of India, Kotak Mahindra Bank Ltd. , Bajaj Finance Ltd. , Oil And Natural Gas Corporation Ltd., Axis Bank Ltd. among others.

At 10:32 hours, the 30-share benchmark index was trading at 48787.32 up by 68.8 points or by 0.14 % and then NSE Nifty was at 14646.75 up by 12.6 points or by 0.09 %.

Sensex touched intraday high of 48996.53 and intraday low of 48521.85 The NSE Nifty touched intraday high of 14723.4 and intraday low of 14580.15

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 359.85,+2.68%), Kotak Mahindra Bank Ltd. (Rs. 1762.50,+2.22%), Bajaj Finance Ltd. (Rs. 5674.50,+2.19%), Oil And Natural Gas Corporation Ltd. (Rs. 109.80,+2.00%), Axis Bank Ltd. (Rs. 714.60,+1.65%), among others.

The top losers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 2387.05,-0.84%), Titan Company Ltd. (Rs. 1412.00,-0.81%), Mahindra & Mahindra Ltd. (Rs. 747.00,-0.81%), Reliance Industries Ltd. (Rs. 1945.15,-0.72%), Housing Development Finance Corporation Ltd. (Rs. 2404.00,-0.62%), among others.

Among the sectors, PSU index was at 6905.98 up by 169.39 points or by 2.51%. Indian Bank (Rs. 117.90,+8.41%), Punjab National Bank (Rs. 37.25,+7.97%), The New India Assurance Company Ltd. (Rs. 157.60,+7.17%), Bank of Baroda (Rs. 71.25,+6.82%), Bank of Maharashtra (Rs. 24.95,+6.40%),.

FMCG index was at 12647.75 down by -28.31 points or by -0.22%. Triveni Engineering & Industries Ltd. (Rs. 131.30,-7.67%), Uttam Sugar Mills Ltd. (Rs. 147.00,-7.46%), Avadh Sugar & Energy Ltd. (Rs. 314.65,-6.37%), Dalmia Bharat Sugar and Industries Ltd. (Rs. 285.15,-4.09%), Tata Consumer Products Ltd. (Rs. 656.60,-3.03%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2789 , shares advanced were 1771 while 862 shares declined and 156 were unchanged.