Fresh buying demand in index pivotals pushed the key benchmark indices to fresh intraday high in afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was up 251.61 points or 0.72% at 35,393.60. The Nifty 50 index was up 61.40 points or 0.58% at 10,637.70. Among secondary barometers, the BSE Mid-Cap index was up 0.36%. The BSE Small-Cap index was up 0.05%. The market breadth, indicating the overall health of the market, was negative. On BSE, 1035 shares rose and 1353 shares fell. A total of 123 shares were unchanged. Adani Ports & Special Economic Zone (up 3.29%), Tata Motors (up 2.94%), Axis Bank (up 2.16%), Hero MotoCorp (up 2.02%) and Infosys (up 1.81%) edged higher from the Sensex pack. Sun Pharmaceutical Industries (down 0.95%) and Coal India (down 0.68%) edged lower from the Sensex pack. Yes Bank lost 7.35%. The bank informed that Ashok Chawla, Non-Executive Independent Part-Time Chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention. The bank shall in due course announce the appointment of a Chairman, post RBI's approval. The announcement was made after market hours yesterday, 14 November 2018. Grasim Industries lost 8.09% after the company reported consolidated net loss of Rs 1299.86 crore in Q2 September 2018 as compared with net profit of Rs 799.03 crore in Q2 September 2017. Total income rose 23.34% to Rs 17096.47 crore. The announcement was made after market hours yesterday, 14 November 2018. The standalone loss after tax (after exceptional item) was Rs 1187 crore after considering a onetime non-cash exceptional item of Rs 2003 crore. The consolidated loss after tax (after exceptional items) was Rs 1446 crore. With the merger of Vodafone India with Idea Cellular, the company's shareholding in the merged entity, Vodafone Idea (VIL) now stands at 11.55%. Consequently, VIL ceased to be an 'Associate' of the Company with effect from 31 August 2018. Accordingly, the share in profit after tax of VIL has not been consolidated with effect from 31 August 2018. The exceptional item of Rs 2003 crore represents the difference between book value and fair value of VIL as on 30 August 2018. This has been charged to the Profit and Loss Account, consequent to VIL ceasing to be an 'Associate'. Overseas, most Asian shares were trading higher after an improvement in market risk sentiment after British Prime Minister Theresa May said she had obtained enough support for her proposed Brexit deal to move forward. The uncertainty surrounding a deal had earlier weighed on risk sentiment. US stocks closed lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory. Meanwhile, US Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in US economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019. On the US data front, the Labor Department said the consumer-price index rose by 0.3%, while core CPI, excluding volatile food and energy prices, rose 0.2%. Powered by Capital Market - Live News |