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Sensex, Nifty trade with small gains
16-May-19   12:26 Hrs IST

Key equity benchmarks were trading with small gains in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 47.31 points or 0.13% at 37,162.19. The Nifty 50 index was up 22.45 points or 0.20% at 11,179.45.

Indices opened on a mixed note and turned range bound near flat line in morning trade. After hovering in a narrow range mid-morning trade, indices firmed up in early afternoon trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.02%. The BSE Small-Cap index was up 0.09%.

The market breadth, indicating the overall health of the market, was negative. On BSE, 937 shares rose and 1214 shares fell. A total of 121 shares were unchanged.

Banks shares were mixed. Among private sector banks, RBL Bank (down 2.33%), Yes Bank (down 1.78%), IndusInd Bank (down 1.17%), Kotak Mahindra Bank (down 0.45%), Federal Bank (down 0.21%) and HDFC Bank (down 0.1%), edged lower. Axis Bank (up 0.06%), ICICI Bank (up 0.60%) and City Union Bank (up 0.69%), edged higher.

Among public sector banks, Bank of India (up 0.94%), Punjab & Sind Bank (up 0.57%), Syndicate Bank (up 0.30%), Bank of Baroda (up 0.23%), Andhra Bank (up 0.21%), Corporation Bank (up 0.20%), United Bank of India (up 0.19%), IDBI Bank (up 0.15%) and Canara Bank (up 0.10%), edged higher. State Bank of India (down 0.26%), Union Bank of India (down 0.84%), UCO Bank (down 0.88%), Punjab National Bank (down 0.91%), Allahabad Bank (down 1.05%), Bank of Maharashtra (down 2.7%) and Central Bank of India (down 5.24%), edged lower.

Realty shares were mixed. Housing Development and Infrastructure (HDIL) (down 1.93%), D B Realty (down 1.9%), Sobha (down 1.61%), Mahindra Lifespace Developers (down 1.46%), Parsvnath Developers (down 1.33%), Prestige Estates Projects (down 0.84%), Peninsula Land (down 0.7%) and Anant Raj (down 0.55%), edged lower. Omaxe (up 0.1%), DLF (up 0.53%), Oberoi Realty (up 0.94%), Sunteck Realty (up 1.23%), Godrej Properties (up 1.26%), Unitech (up 4.64%), Phoenix Mills (up 4.72%) and Indiabulls Real Estate (up 7.05%), edged higher.

On the data front, India's overall exports (merchandise and services combined) in April 2019 is estimated to be $44.06 billion, exhibiting a positive growth of 1.34% over the April 2018. Overall imports in April 2019 is estimated to be $52.83 billion, exhibiting a positive growth of 4.53% over April 2018. Taking merchandise and services together, overall trade deficit for April 2019 is estimated at $8.78 billion as compared to $7.07 billion in April 2018, the Ministry of Commerce & Industry said in a statement yesterday, 15 May 2019.

India's merchandise exports in April 2019 were $26.07 billion, as compared to $25.91 billion in April 2018, exhibiting a positive growth of 0.64%. In Rupee terms, exports were Rs 1,81,021.34 crore in April 2019, as compared to Rs 1,70,052.96 crore in April 2018, registering a positive growth of 6.45%. Merchandise imports in April 2019 were $41.40 billion (Rs 2,87,432.93 crore), which was 4.48% higher in dollar terms and 10.52% higher in Rupee terms over imports of $39.63 billion (Rs 2,60,084.67 crore) in April 2018. The merchandise trade deficit for April 2019 was estimated at $15.33 billion as against the deficit of $13.72 billion in April 2018.

Overseas, Asian shares were mixed as trade tensions continued to weigh on investor sentiment as Trump declared a national emergency to protect US computer networks from foreign adversaries. He signed an executive order which effectively bars US companies from using foreign telecoms believed to pose national security risks.

China reported surprisingly weaker growth in retail sales for April on Wednesday. Overall retail sales in April rose 7.2% from a year earlier, data from the National Bureau of Statistics (NBS) showed.

US stocks closed higher on Wednesday following reports that US President Donald Trump plans to postpone auto tariffs by up to six months. US retail sales fell 0.2% in April, the Commerce Department said Wednesday.

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