Daily market commentary - 19th December 2019 - BONANZA PORTFOLIO LTD

Mr Jitendra Upadhyay, Fundamental Analyst

Today Asian shares edged higher amid growing confidence in the global outlook following improving economic indicators and a preliminary trade deal between the United States and China.

India largest state-owned iron ore miner NMDC rose after receiving a 20-year extension for four mines in its biggest mining project in Chhattisgarh.

Share of Clariant Chemical rallied after the company sold its Masterbatch business to a subsidiary of Polyone for Rs 426 Crore.

The BSE Sensex closed at 41,673.92 up by 115.35 points or 0.28% and NIFTY50 closed at 12,259.80, up by 38.15 points or 0.31%.

The BSE mid-cap index up by 0.17%, while small-cap index up by 0.06%.

The top gaining sectoral indices are NIFTY Auto up by 1.03%, NIFTY IT up by 0.65% and NIFTY FMCG up by 0.31%. The top losing sectoral indices are NIFTY Fin Service down by 0.32%, NIFTY Pharma down by 0.22% and NIFTY PVT Bank down by 0.07%.

The top gainers on the Sensex were Yes Bank Ltd up by 6.42%, TCS Ltd up by 3.03%, Bharti Airtel Ltd up by 2.83%, Tata Motors Ltd up by 2.55% and Mahindra & Mahindra Ltd up by 2.32%. On the flip side Vedanta Ltd down by 2.49%, HDFC Ltd down by 1.34%, Sun pharma Ltd down by 1.33% and Indusind Bank down by 0.76%.

Source : Equity Bulls

Keywords