Indian share markets on Wednesday opened on a flat note and subsequently fluctuates between gains and losses.
At 10.20-am, the BSE Sensex scaled up at 39121.32, up 157 points and the NSE Nifty rose at 11634.40, up 46 points.Get Nifty Options Tips by just clicking the link.
HCL Technologies, Baja Finserve, Britannia, Eicher Motors and Titan Company led the major gain in Nifty, while Adani Ports, Zee Entertainment, Grasim, Tata Motors and JSW Steel were losers.
The Nifty Sectoral gauges represented by the Nifty PSU Bank rose 1.58% led by Indian Bank, Oriental-Bank of Commerce (OBC) and the Central Bank of India were up in between 2 to 3% in range. Also, FMCG, IT, financial service traded in the Green, upto 0.88%.
Among result-driven stocks, Axis Bank jumped 1.30-percent after reporting a net loss of Rs112-Cr in Q2 Sept-2019 as compared to the net profit of Rs789.6-crore, year-on-year.
Shares of Asian Paints rose 0.3% after the company’s net profit reportedly rose 67.5% to Rs 823.41-cr.
Shares of Bajaj Finserv rose 2.51% to Rs.8,210 after the company’s consolidated net profit reportedly rose 70.98-pc to Rs1203.72-Cr.
Shares of CEAT declined or Rs.6.35, with the current share price at Rs955, after the company’s consolidated net profit reportedly dropped 30.38% to Rs43.98-crore.
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