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Market Live: Nifty above 10,650, Sensex up 100 points; Emami rises 5% after stake sale

Except pharma and IT all other sectoral indices are trading green.

Feb 19, 10:09 AM (IST)
NLC India joins hands with NHPC: Shares of NLC India added 2.3 percent in the early trade on Tuesday after company joined hands with NHPC on power trading.

Feb 19, 09:33 AM (IST)
Buzzing: Shares of Emami rose 5 percent in the early trade on Tuesday after company promoters divested their stake in the company.

The promoters of Emami Group announced a sale of 10 percent stake in Emami, raising approximately Rs 1600 crore, as per company release.

Feb 19, 09:19 AM (IST)
Market Opens: It is a flat start for the Indian Indices with Nifty hovering around 10650 level.

The Sensex is up 51.90 points at 35550.34, while Nifty is up 15.40 points at 10656.40. About 497 shares have advanced, 249 shares declined, and 37 shares are unchanged.

Gainers include Jet Airways, Ambuja Cements, Dr Reddy’s Lab, Sun Pharma, Grasim, JSW Steel, Hindalco, Emami, while losers are Indiabulls Housing, Wipro, HDFC, Adani Port and IDFC.

Feb 19, 09:03 AM (IST)
Market at pre-open: Benchmark indices are mixed in in the pre-opening trading with Nifty holding above 10,600.

At 09:02 hrs IST, the Sensex is up 96.03 points or 0.27% at 35594.47, and the Nifty down 13.70 points or 0.13% at 10627.30.

Emami, Tata Motors, Yes Bank are trading with marginal gains in the pre-opening session.

Money market shut today on account of Chatrapati Shivaji Maharaj Jayanti.

Feb 19, 08:42 AM (IST)
Crude update: Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.

Feb 19, 08:14 AM (IST)
Asian markets firm: Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-US trade talks were making positive progress and expectations of policy stimulus from central banks.

source: moneycontrol.com

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