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Market slips on mixed global cues; breadth positive

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Capital Market
Last Updated : Nov 20 2015 | 10:01 AM IST

Key benchmark indices edged lower in early trade as global cues were mixed. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 18.33 points or 0.07% at 25,823.59. The Nifty 50 index was down 11.95 points or 0.15% at 7,830.80. However, mid and small-cap stocks edged higher.

The market breadth indicating the overall health of the market was positive. On BSE, 614 shares rose and 279 shares fell. A total of 62 shares were unchanged. The BSE Mid-Cap index was up 0.38%. The BSE Small-Cap index was up 0.30%. Both these indices outperformed the Sensex.

In overseas markets, Asian markets were trading on a mixed note as investors grappled with the prospects of higher US borrowing costs and slower global economic growth. The main US stock indexes finished barely changed yesterday, 19 November 2015, after weakness in the health-care and energy sectors stunted gains.

Jubilant FoodWorks was up 3.44% The company after market hours yesterday, 19 November 2015, said that Domino's Pizza India has partnered with Zippr, a Hyderabad based startup that is solving the problem of complex addresses. This partnership will allow Domino's Pizza consumers to seamlessly share their address during checkout on Domino's Pizza's online ordering platforms, Jubilant FoodWorks said in a statement.

NTPC was up 0.30% The company said after market hours yesterday, 19 November 2015, that the company has mandated Barclays, Citigroup, Deutsche Bank AG, HSBC and SBI Capital Markets to arrange a series of fixed income investors meetings in London, Singapore and Hongkong commencing 23 November 2015. An offshore rupee denominated senior notes offering under 'Regulation S' may follow, subject to market conditions.

PTC India Financial Services (PFS) was up 1.94% The company after market hours yesterday, 19 November 2015, announced that it has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects in India. As per the agreement, PFS and IIFCL will come together to provide one single window to promoters of infrastructure projects particularly in energy value chain and facilitate their financing in India. Both companies will collaborate to provide credit enhancement facility to various projects to enable their financing at competitive rates, apart from collaborating in areas of mutual interest towards service to infrastructure sector, PFS said in a statement.

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First Published: Nov 20 2015 | 9:21 AM IST

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