Monday 20 May 2019

Stock Market-Nifty above 11,650, Sensex up 900 pts; IT stocks under pressure

The benchmark indices are trading near day's high level on Monday with Sensex up around 900 points.

At 10:07 hrs IST, the Sensex is up 896.45 points or 2.36% at 38827.22, while Nifty is up 265.80 points or 2.33% at 11673. About 1529 shares have advanced, 304 shares declined, and 73 shares are unchanged.

The benchmark indices opened gap-up after Exit Polls for the Lok Sabha Election 2019 projected a BJP led NDA to register a comfortable victory.
At 09:18 hrs IST, the Sensex is up 811 points or 2.14% at 38741.77, while Nifty is up 242.10 points or 2.12% at 11649.30.  About 952 shares have advanced, 100 shares declined, and 34 shares are unchanged. 
Yes Bank, M&M, IndusInd Bank, L&T, Bajaj Finance, Adani Enetrprises, HPCL, BPCL, Tata Motors, ICICI Bank, HDFC Bank and Sobha are among major gainers on the indices, while losers include Jubilant Life, Infosys and Tech Mahindra.
Except IT, all the sectoral indices are trading in green led by bank, auto, energy, infra and FMCG
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