Key benchmark indices gyrated in a range in the mid-afternoon trade. At 14:22 IST, the barometer index, the S&P BSE Sensex, was up 157.08 points or 0.43% at 36,638.17. The Nifty 50 index was up 43.4 points or 0.4% at 10,861.
The S&P BSE Mid-Cap index was up 0.52%. The S&P BSE Small-Cap index was up 0.41%.
The market breadth was positive. On the BSE, 1222 shares rose and 1139 shares fell. A total of 147 shares were unchanged.
Dilip Buildcon was up 0.68% after the company announced a successful completion of NH-18 from Rayachoty to Kadapa section in state of Andhra Pradesh. The completion certificate was issued on 13 September 2019 and the company was entitled to a bonus of Rs 3.564 crore as the project was completed 60 days prior from the provisional completion date.
Tata Communications was locked in an upper circuit of 5% at Rs 286.65. The board of directors of Tata Communications fixed Wednesday, 18 September 2019, as the record date for determining the shareholders who shall be eligible to receive the equity shares of Hemisphere Properties India (HPIL). Tata Communications on 7 August said its scheme of arrangement for demerger of surplus land from the company to HPIL had received approval from the Ministry of Corporate Affairs (MCA). As per the demerger plan, the company would transfer the surplus land to HPIL after consequent issue of equity shares by HPIL to the shareholders of the company. HPIL shall issue and allot one equity share to each member of Tata Communications.
HCL Technologies was up 0.68% after the company reported that it has secured a contract with Aperam, a global player in stainless, electrical and specialty steel for enhancing employees' end-user experience, foster business-IT collaboration and increase business efficiency globally.
Meanwhile, the yield on 10-year benchmark federal paper fell to 6.629% at 14:10 IST compared with 6.728% 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 71.33, compared with its close of 71.785 during the previous trading session.
Brent crude oil price tumbled after Saudi Aramco reassured that the supply will be restored by the end of September. The impact of weekend attacks on Saudi Arabia's biggest oil refinery faded as oil prices edged lower.
In the commodities market, Brent crude for November 2019 settlement was down 16 cents at $64.39 a barrel. The contract slumped 6.48% to settle at $64.55 a barrel in the previous trading session.
MCX Gold futures for 4 October 2019 settlement fell 0.52% at Rs 37,819.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
