Key benchmark indices bounced back and hit fresh intraday high in mid-afternoon trade. The Nifty crossed 11,000 mark. At 14:21 IST, the barometer index, the S&P BSE Sensex, was up 169.21 points or 0.46% at 37,273.49. The Nifty 50 index was up 50.45 points or 0.46% at 11,033.25.
The S&P BSE Mid-Cap index was up 0.13%. The S&P BSE Small-Cap index was up 0.59%, outperforming the Sensex.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 1342 shares rose and 987 shares fell. A total of 139 shares were unchanged.
IT major Infosys was up 1% to Rs 824.55. The company will declare its Q2 September 2019 on 11 October 2019.
Havells India was up 1.37%. The company launched a square shaped pedestal fan named 'Aindrila'. The new fan comes with an unique square design, crafted guard and mood lighting.
Intellect Design Area was up 1.77% after credit rating agency CRISIL revised company's long term ratings to CRISIL A- and changed outlook from stable to positive.
Indoco Remedies surged 5.15% after the company acquired Good Manufacturing Practice (GMP) status from Inspection Action Group (lAG) of the United Kingdom for Goa Plant I. The inspection conducted by Medicines and Healthcare Products Regulatory Agency of the United Kingdom (MHRA) on the Goa Plant I in March 2018, resulted in issuance of a restricted GMP certificate for medicinally critical products and a statement of non- compliance was published. Subsequently UK-MHRA conducted a 'Focused Audit' in October 2018 and GMP audit in May 2019. These audits were completed with no Critical Observations and Indoco has now received a full GMP status for its Goa Plant I.
In the commodities market, Brent crude for November 2019 settlement was down 16 cents at $60.22 a barrel. The contract fell 43 cents or 0.7% to settle at $60.38 a barrel in the previous trading session.
Meanwhile, the yield on 10-year benchmark federal paper fell to 6.633% at 14:12 IST compared with 6.658% at close in the previous trading session.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 71.065, compared with its close of 71.14 during the previous trading session.
In the commodities market, MCX Gold futures for 4 October 2019 settlement rose 0.25% at Rs 37,845.
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