Nifty regains 11,900 mark

The market extended early gains and hit fresh intraday high in morning trade, backed by gains in Reliance Industries, HDFC Bank and TCS. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 191.04 points or 0.48% at 39,693.09. The Nifty 50 index was up 48.45 points or 0.41% at 11,909.55.

Among secondary barometers, the BSE Mid-Cap index was up 0.17%. The BSE Small-Cap index was up 0.31%. Both these indices underperformed the Sensex.

The market breadth was tilted in favour of buyers. On BSE, 1123 shares rose and 874 shares fell. A total of 111 shares were unchanged.

Among index bigwigs, TCS (up 1.46%), Reliance Industries (up 0.88%) and HDFC Bank (up 0.59%) edged higher.

Yes Bank (up 1.71%), Bharti Airtel (up 1.67%), NTPC (up 1.64%), Asian Paints (up 1.45%) and Bajaj Finance (up 0.87%), were the major Sensex gainers.

Mahindra & Mahindra (down 1.54%), Sun Pharmaceutical Industries (down 0.86%), ONGC (down 0.79%), Tata Steel (down 0.6%), Hero MotoCorp (down 0.28%) and Vedanta (down 0.21%), were the major Sensex losers.

Bharat Electronics rose 1.65% after net profit rose 19.67% to Rs 668.62 crore on 9.97% rise in total income to Rs 4013.43 crore in Q4 March 2019 over Q4 March 2018. The announcement was made after market hours yesterday, 29 May 2019.

Bharat Electronics' order book position as on 1 April 2019 was Rs 51798 crore. During the year the company has successfully completed the supply of Electronic Voting Machine (EVM) and Voter Verifiable Paper audit Trail (VVPAT) within a stringent delivery schedule to meet the requirement of Election Commission of India for the general elections.

On the global front, other Asian stock markets tracked overnight losses in the US market as latest exchanges between Beijing and Washington signalled the heightened risk of a prolonged trade war, fueling concerns about the impact on global economic growth.

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