Dalal Street's Top Stories at Midday.12.00 PM, 17th July 2019:(Nifty 11696, Up 33 points):Benchmark indices have extended gains and are trading near day’s high. Firmness in banks stocks offset losses in auto shares.

• Technically, hurdles for Nifty at 11797-11839 zone while downside nicely supported at 11471 mark.

• Market to remain choppy in the near term on the backdrop of weak domestic sentiment given the on-going economic slowdown.

• The monsoon has shown considerable improvement over the past 1-2 weeks, which is a positive for Indian economy. However, the progress of monsoon would be actively tracked by traders and investors.

• Further, earnings announcement by companies is likely to lead to stock specific volatility.

• On the global front, ongoing geopolitical tensions between US-Iran could have a bearing on Indian market as crude prices have inched higher in the recent past and is likely to keep the market participants on edge.

• Asian stocks were trading lower following overnight developments on the US-China trade front.

• US stocks closed lower after President Donald Trump said an agreement with China on trade tariffs had a long way to go adding that America could place tariffs on an additional $325 billion worth of Chinese goods. Trump made his comments during a cabinet meeting at the White House.

• Barring Pharma, Metal and Auto, rest all sectoral indices are in green, with maximum gains visible in Banks and FMCG sector.

• The market breadth, indicating the overall health of the market is Positive.

• NSE Advances: 30. NSE declines: 20.

• The NSE Mid-Cap index is Up 0.09% at 4,743. The NSE Small-Cap index is Up 0.23% at 6,038.

• INDIA VIX index representing volatility is Up 11.48: (-0.67%)

• On the Positive side: UPL at 660.10 (+2.84%) ,KOTAK BANK at 1541.30 (+2.65%), and ZEEL at 353.30(+2.04%), are in green,

• On the flip side: GAIL at 143.80 (-2.41%), YES BANK at 101.30 (-2.46%) and ONGC at 150.45 (-1.18%).

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in