Sensex ends over 300 points higher, Nifty closes above 10,550; Eicher Motors up 6%
13 November 2018
Market at Close: It’s a good end to the trade on Tuesday, with the Nifty closing at 10,582.
In terms of sectors, energy, infra, metals, banks and automobiles were the top gainers, while pain was seen in the pharmaceuticals’ space. The midcap index, too, ended on a positive note, closing over one-third of a percent higher.
At the close of market hours, the Sensex ended up 331.50 points or 0.95% at 35144.49, while the Nifty closed up 100.30 points or 0.96% at 10582.50. The market breadth was narrow as 1,305 shares advanced, against a decline of 1,283 shares, while 150 shares were unchanged.
Shares of NTPC, ICICI Bank, Eicher Motors and IOC were the top gainers, while Sun Pharma and Tata Motors lost the most.
United Bank of India Q2 loss widens: United Bank of India's second quarter (Q2FY19) net loss widened to Rs 883.2 crore against Rs 344.8 crore in a year ago period. The company had posted a net loss of Rs 388.68 crore in the quarter ended June 2018.
VA Tech Wabag bags order: The company has secured Rs 600 crore worth order from Societe Nationale D'exploitation Et De Distribution Des Eaux, Tunisia towards engineering, supply and construction of a Sea Water Desalination plant of capacity 50 MLD in Tunisia.
Allahabad Bank Q2 nos: The company reported a net loss of Rs 1,822.7 crore for the September quarter. The lender had posted a profit of Rs 70.2 crore during the same quarter of last year.
NCC Q2 results: Construction company NCC has reported Q2FY19 (July-Sept) consolidated net profit at Rs 122.55 crore against loss of Rs 2.89 crore in the same quarter last fiscal.
The company's net sales increased by 115 percent at Rs 3242.8 crore against Rs 1504 crore.
Market Update: Benchmark indices are trading higher in Tuesday afternoon with Nifty is above 10,500 level.
The Sensex is up 101.97 points at 34914.96, while Nifty is up 34.80 points at 10517. About 1053 shares have advanced, 1294 shares declined, and 111 shares are unchanged.
Sun Pharma, Tata Motors, IndusInd Bank, Power Grid Corp and SBI are the top losers on the Sensex.
Buzzing: Shares of MMTC surged 7.3 percent on strong September quarter numbers. The company posted almost three-fold rise in standalone profit to Rs 31.68 crore for the quarter ended September 30, on the back of higher income. The company had posted a profit of Rs 11.6 crore in the year-ago period.
Buzzing: Share price of Wockhardt slipped 8.5 percent after report of US court invalidated company's patent.
US District Court has invalidated a patent in Prostate cancer drug Zytiga, reported CNBC-TV18.
Coal India gains: Share price of Coal India gained 2 percent intraday Tuesday after company posted robust set of numbers for the quarter ended September 2018.
The company posted over an eight-fold rise in consolidated net profit to Rs 3,085 crore for the quarter to September 2018 against profit of Rs 370.4 crore in the July-September quarter of 2017-18.
Total income for the quarter increased to Rs 24,209.3 crore, over Rs 19,171.7 crore in the corresponding period a year ago.
Market Update: Equity benchmarks are trading off their low points, with the Nifty trading above 10,450.
The Sensex is down 42.83 points or 0.12% at 34770.16, while the Nifty is down 11.30 points or 0.11% at 10470.90. The market breadth is negative as 607 shares advanced, against a decline of 636 shares, while 55 shares were unchanged.
Coal India, Asian Paints, HPCL and BPCL are the top gainers, while Tata Motors, Bharti Airtel, and Bharti Infratel have lost the most.
Market opens: The market is off to a negative start, with the Sensex shedding over 100 points, while the Nifty is down around one-third of a percent.
Automobiles, banks, energy, consumption, and IT stocks are trading in the red. In the broader markets, midcaps are trading higher. The Nifty Midcap index is down 0.40 percent.
Shares of Bharti Airtel, Coal India, HPCL and IOC are the top gainers, while Tata Motors, ICICI Bank, and Eicher Motors have lost the most.
The Sensex is down 119.43 points or 0.34% at 34693.56, while the Nifty is down 37.30 points or 0.36% at 10444.90. The market breadth is narrow as 250 shares advanced, against a decline of 229 shares, while 34 shares were unchanged.
Market at pre-open: Equity benchmarks have opened higher in pre-opening trade, with the Sensex rising over 100 points. The Nifty is around 10,500.
The Sensex is up 137.99 points or 0.40% at 34950.98, while the Nifty is down 6.50 points or 0.06% at 10475.70.
The Indian rupee has opened higher at 72.79 per US dollar.
Crude Update: Oil prices fell by more than 1 percent on Tuesday, with Brent crude sliding below USD 70 and WTI below USD 60 per barrel, after US President Donald Trump put pressure on OPEC not to cut supply to prop up the market, reported Reuters.
Asian markets trade lower: Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16-month highs as investors dumped riskier assets, reported Reuters.
US market ends lower: Wall Street's major indexes tumbled on Monday as shares of Apple Inc and Goldman Sachs Group Inc dragged down the technology and financial sectors, reported Reuters.