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Nifty scales 9500 mark; breadth strong
(14:27, 29 May 2020)

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Key-indices-bounced-back-and-hit-fresh-intraday-high-in-mid-afternoon-trade.-At-14:27-IST,-the-barometer-index,-the-S&P-BSE-Sensex-gained-28.41-points-or-0.09%-at-32,229.-The-Nifty-50-index-gained-46.55-or-0.49%-and-stood-at-9,521.35.

In-the-broader-market,-the-S&P-BSE-Mid-Cap-index-surged-1.98%-while-the-S&P-BSE-Small-Cap-index-gained-1.5%.-Both-these-indices-outperformed-the-Sensex.-

Buyers-outpaced-sellers.-On-the-BSE,-shares-1,422-rose-and-795-shares-fell.-A-total-of-172-shares-were-unchanged.-In-Nifty-50-index,-37-stocks-advanced-while-13-stocks-declined.

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

Buzzing-Index:

The-Nifty-Auto-index-gained-0.9%-to-6,164.60,-extending-gains-for-eighth-day.-The-index-has-added-13.5%-in-eight-sessions-from-its-previous-closing-low-of-5430.05-on-18-May-2020.

Bajaj-Auto-(4.17%),-SML-Isuzu-(up-3.32%),-Eicher-Motors-(up-2.98%),-Hero-MotoCorp-(up-2.32%),-TVS-Motor-Company-(up-1.82%),-Escorts-(up-0.93%)-and-Maruti-Suzuki-India-(up-0.47%)-were-top-gainers-in-auto-segment.

Stocks-in-Spotlight:

Vodafone-Idea-surged-25.26%-to-₹-7.29-on-media-reports-that-Google-was-considering-buying-5%-stake-in-the-Indian-telecom-player.-The-scrip-jumped-34.88%-to-hit-the-day's-high-at-₹-7.85-on-the-BSE.-The-counter-clocked-a-volume-of-23.68-crore-shares-as-against-its-average-trading-volume-of-5.51-crore-shares-in-the-past-one-quarter.-

For-Vodafone-Idea,-an-investment-by-Google-could-boost-the-likelihood-of-its-survival,-the-reports-added.-A-foreign-brokerage-reportedly-said-that-such-a-deal-would-be-a-strategic-positive-for-Vodafone-Idea-but-have-little-impact-on-leverage.-Capital-raise-could-become-easier-if-Google-invests,-it-added.

Wipro-gained-3.41%-to-₹-206.10-after-the-IT-major-appointed-Capgemini-executive-Thierry-Delaporte-as-its-chief-executive-officer-and-managing-director.-Delaporte-will-take-over-as-the-Chief-Executive-Officer-and-Managing-Director-of-the-company,-effective-6-July-2020.-Abidali-Neemuchwala-will-relinquish-his-position-as-CEO-and-MD-on-1-June.-Rishad-Premji-will-oversee-the-day-to-day-operations-of-the-company-until-5-July.

Cadila-Healthcare-rose-1.76%-to-₹-344-after-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.-The-announcement-was-made-after-market-hours-yesterday,-28-May-2020.-The-EIR-report-stated-that-the-classification-of-the-facility-is-'No-Action-Indicated-(NAI)'.-The-United-States-Food-&-Drug-Administration-(US-FDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.

Numbers-to-Track:

The-yield-on-10-year-benchmark-federal-paper-rose-to-6.016%-compared-with-previous-closing-of-5.99%-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-partially-convertible-rupee-edged-higher-to-75.62-compared-with-its-previous-closing-of-75.76.

In-the-commodities-market,-Brent-crude-for-July-2020-settlement-was-down-72-cents-to-$34.57-a-barrel.-The-contract-rose-1.58%-to-settle-at-$35.29-a-barrel-in-the-previous-trading-session.

MCX-Gold-futures-for-5-June-2020-settlement-rose-0.27%-to-₹-46,531.

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Key-indices-bounced-back-and-hit-fresh-intraday-high-in-mid-afternoon-trade.-At-14:27-IST,-the-barometer-index,-the-S&P-BSE-Sensex-gained-28.41-points-or-0.09%-at-32,229.-The-Nifty-50-index-gained-46.55-or-0.49%-and-stood-at-9,521.35.

In-the-broader-market,-the-S&P-BSE-Mid-Cap-index-surged-1.98%-while-the-S&P-BSE-Small-Cap-index-gained-1.5%.-Both-these-indices-outperformed-the-Sensex.-

Buyers-outpaced-sellers.-On-the-BSE,-shares-1,422-rose-and-795-shares-fell.-A-total-of-172-shares-were-unchanged.-In-Nifty-50-index,-37-stocks-advanced-while-13-stocks-declined.

The-Centre-is-expected-to-put-out-details-of-a-possible-lockdown-extension-soon.-The-nationwide-lockdown-was-first-announced-by-Prime-Minister-Narendra-Modi-on-March-24-for-21-days-in-a-bid-to-combat-the-coronavirus-pandemic.-It-was-first-extended-till-May-3-and-again-till-May-17.-The-fourth-phase-of-the-lockdown-ends-on-May-31.

Buzzing-Index:

The-Nifty-Auto-index-gained-0.9%-to-6,164.60,-extending-gains-for-eighth-day.-The-index-has-added-13.5%-in-eight-sessions-from-its-previous-closing-low-of-5430.05-on-18-May-2020.

Bajaj-Auto-(4.17%),-SML-Isuzu-(up-3.32%),-Eicher-Motors-(up-2.98%),-Hero-MotoCorp-(up-2.32%),-TVS-Motor-Company-(up-1.82%),-Escorts-(up-0.93%)-and-Maruti-Suzuki-India-(up-0.47%)-were-top-gainers-in-auto-segment.

Stocks-in-Spotlight:

Vodafone-Idea-surged-25.26%-to-₹-7.29-on-media-reports-that-Google-was-considering-buying-5%-stake-in-the-Indian-telecom-player.-The-scrip-jumped-34.88%-to-hit-the-day's-high-at-₹-7.85-on-the-BSE.-The-counter-clocked-a-volume-of-23.68-crore-shares-as-against-its-average-trading-volume-of-5.51-crore-shares-in-the-past-one-quarter.-

For-Vodafone-Idea,-an-investment-by-Google-could-boost-the-likelihood-of-its-survival,-the-reports-added.-A-foreign-brokerage-reportedly-said-that-such-a-deal-would-be-a-strategic-positive-for-Vodafone-Idea-but-have-little-impact-on-leverage.-Capital-raise-could-become-easier-if-Google-invests,-it-added.

Wipro-gained-3.41%-to-₹-206.10-after-the-IT-major-appointed-Capgemini-executive-Thierry-Delaporte-as-its-chief-executive-officer-and-managing-director.-Delaporte-will-take-over-as-the-Chief-Executive-Officer-and-Managing-Director-of-the-company,-effective-6-July-2020.-Abidali-Neemuchwala-will-relinquish-his-position-as-CEO-and-MD-on-1-June.-Rishad-Premji-will-oversee-the-day-to-day-operations-of-the-company-until-5-July.

Cadila-Healthcare-rose-1.76%-to-₹-344-after-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.-The-announcement-was-made-after-market-hours-yesterday,-28-May-2020.-The-EIR-report-stated-that-the-classification-of-the-facility-is-'No-Action-Indicated-(NAI)'.-The-United-States-Food-&-Drug-Administration-(US-FDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.

Numbers-to-Track:

The-yield-on-10-year-benchmark-federal-paper-rose-to-6.016%-compared-with-previous-closing-of-5.99%-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-partially-convertible-rupee-edged-higher-to-75.62-compared-with-its-previous-closing-of-75.76.

In-the-commodities-market,-Brent-crude-for-July-2020-settlement-was-down-72-cents-to-$34.57-a-barrel.-The-contract-rose-1.58%-to-settle-at-$35.29-a-barrel-in-the-previous-trading-session.

MCX-Gold-futures-for-5-June-2020-settlement-rose-0.27%-to-₹-46,531.

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