Last hour recovery helps indices close off lows; Nifty ends below 10,750
14 January 2019
Market at Close: Equities have ended the session on a negative note, but are off low points. The Nifty closed below 10,750-mark.
Among sectors, banks, infrastructure and metals were the big losers, while Nifty Pharma has ended higher. The Nifty Midcap has ended 0.39 percent lower.
At the close of market hours, the Sensex was down 156.28 points or 0.43% at 35853.56, and the Nifty down 57.40 points or 0.53% at 10737.60. The market breadth was negative as 1053 shares advanced, against a decline of 1477 shares, while 168 shares were unchanged.
Yes Bank and Infosys were the top gainers, while Larsen & Toubro, IndusInd Bank, Wipro and GAIL lost the most.
Buzzing: Jet Airways shares climbed nearly 7 percent after a media report said the company is close to finalising a resolution plan.
"The resolution plan for the company's debt is likely to be finalised after lenders' meet this week," CNBC-TV18 said quoting unnamed sources.
Buzzing: Cadila Healthcare shares gained 1.6 percent in morning on Monday after the US health regulator approved company's drugs that treat skin disease and blood pressure.
Market Update: Benchmark indices are trading near day's low with Nifty is hovering around 10,700 level.
The Sensex is down 243.64 points at 35,766.20, while Nifty is down 77.20 points at 10,717.80. About 818 shares have advanced, 1261 shares declined, and 132 shares are unchanged.
IndusInd Bank, L&T, Axis Bank, Power Grid Corp and HDFC are the top losers on the Sensex.
Buzzing: Shares of GNA Axles gained 5 percent on Monday after company's Q3 net profit rose 41.6 percent to Rs 18 crore and revenue increased by 47.5 percent to Rs 246.3 crore.
Market opens: Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750.
Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors.
The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth is negative as 303 shares advanced, against a decline of 475 shares, while 45 shares were unchanged.
Infosys, Sun Pharma, and HPCL are the top gainers, while Larsen & Toubro, Axis Bank, and HDFC have lost the most.
Market at pre-open: Benchmark indices are opened with marginal gains on Monday with Nifty trading above 10,800 level.
At 09:02 hrs IST, the Sensex is up 82.79 points or 0.23% at 36092.63, and the Nifty up 16.80 points or 0.16% at 10811.80.
Avenue Supermart is down 5 percent, while J&K Bank up 4.5 percent in the pre-opening trade on the back of December quarter numbers.
Wall Street ends lower on Friday: Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.
SGX Nifty: Trends on SGX Nifty indicate a flat start for the broader index in India, a gain of 11.50 points or 0.11 percent. Nifty futures were trading around 10,828.50-level on the Singaporean Exchange.
Asian markets trade flat: Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth.