INSUBCONTINENT EXCLUSIVE:
SP BSE Healthcare Index was top loser, down 1 per cent.The SP BSE Sensex and Nifty came off intraday highs as pharma, capital goods, telecom
and industrials sector shares came under selling pressure
In the morning deals, Sensex rose as much as 90 points from its previous close and the NSE Nifty 50 Index advanced to intraday high of
However, the benchmarks turned flat as investors remain wary of outcome of general elections due on May 23 and ongoing trade concerns
between US and China, analysts said.As of 11:39 am, the Sensex traded 0.01 per cent or 5 points lower at 37,110 and the NSE Nifty 50 Index
rose 0.09 per cent or 10 points to 11,167.Twelve of 19 sector gauges compiled by BSE were trading higher led by the SP BSE Realty Index's
Information Technology, Energy, Utilities, Power and Consumer Durable sector shares were also witnessing buying interest as the respective
sector gauges rose between 0.5 and 0.8 per cent each.On the other hand, SP BSE Healthcare Index was top loser, down 1 per cent
Telecom and Capital Goods shares were also witnessing selling pressure.Mid- and small-cap shares were witnessing a mild selling pressure as
the SP BSE MidCap Index fell 0.14 per cent and the SP BSE SmallCap Index declined 0.04 per cent.Among the individual shares, Tata Chemicals
rose as much as 8.36 per cent to Rs 604 and Tata Global Beverages climbed as much as 10.61 per cent after Tata Group on Wednesday announced
transfer of the branded food business from Tata Chemicals to Tata Global Beverages to create an over Rs
9,000-crore FMCG giant.In the Nifty 50 basket of shares, Zee Entertainment was top gainer, up 4.2 per cent at Rs 336
Tata Motors, Adani Ports, JSW Steel, Power Grid, Titan, Infosys, UltraTech Cement and Bajaj Finance were also among the gainers.On the
flipside, Sun Pharma was top Nifty loser, down 2.54 per cent at Rs 399.35
Indiabulls Housing Finance, Yes Bank, Bharti Airtel, Coal India, Mahindra Mahindra and Larsen Toubro were also among the losers.Get the
latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
