Stocks hovered in positive zone in morning trade. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 169.53 points or 0.44% at 39,139.33. The Nifty 50 index was up 35.90 points or 0.31% at 11,745. Local stocks drifted higher in early trade on buying demand in index pivotals. The S&P BSE Mid-Cap index was down 0.59%. The S&P BSE Small-Cap index was down 0.05%. The market breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 840 shares rose and 889 shares fell. A total of 103 shares were unchanged. Sun Pharmaceutical Industries (up 2.07%), ONGC (up 2.01%), ICICI Bank (up 1.71%), Kotak Mahindra Bank (up 1.4%) and HDFC (up 1.33%) edged higher from the Sensex pack. Yes Bank (down 2.8%), IndusInd Bank (down 2.2%), ITC (down 1.42%), Hindustan Unilever (down 1.32%) and TCS (down 0.79%) edged lower from the Sensex pack. J B Chemicals & Pharmaceuticals surged 7.3% after net profit rose 91.21% to Rs 42.18 crore on 19.55% rise in total income to Rs 394.44 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 21 May 2019. Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies. In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector. Powered by Capital Market - Live News |