Sensex, Nifty end flat after a rangebound session; RIL, Wipro among major gainers
18 January 2019
Market at close: Benchmark indices ended flat after they traded in the range throughout the day with Nifty closed above 10,900 level.
The Sensex was up 12.53 points at 36386.61, while Nifty was up 1.80 points at 10907. About 890 shares have advanced, 1632 shares declined, and 161 shares are unchanged.
Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco and Adani Ports are among major gainers on the Nifty, while Sun Pharma, Bharti Airtel, GAIL, L&T and HPCL are the top losers on the Nifty.
Among the sectors, pharma, PSU bank, Infra, FMCG and auto remained under pressure, while energy and IT stocks witnessed some buying.
Sun Pharma clarifies on whistleblower complaint: The said whistleblower documents and other confidential emails are being offered for inspection to institutional investors by one media house as per the report, which again we are not privy to.
In these circumstances, there is a great asymmetry in the information circulating between analysts, investors and media leading to intense speculation. The availability of information contained in the whistleblower documents to a set of selective investors does put other investors including retail investors in a disadvantageous position.
We are concerned that certain entities/individuals are adopting unfair trade practices prejudicial to the interest of shareholders and other stakeholders. It is evident from the fact that shareholders value has been drastically eroded within a short span of time due to unsubstantiated complaint/allegation against the company and mala fide campaign launched by certain media houses.
Investors to invest Rs 218 crore in Caplin Steriles: Caplin Point has considered and approved the investment agreement to be executed between the company, Caplin Steriles, a wholly owned subsidiary company and Eight Roads Ventures India Ill LP. and F-Prime Capital Partners Life Sciences Fund VI LP in relation to investment by investors in the compulsorily convertible preference shares with the coupon rate of 0.001% of Caplin Steriles.
Market Update: Benchmark indices are continues to trade lower with Nifty is still below 10,900 level.
The Sensex is down 125.39 points at 36248.69, while Nifty is down 36.90 points at 10868.30. About 799 shares have advanced, 1388 shares declined, and 131 shares are unchanged.
Reliance Industries, ONGC, Kotak Mahindra Bank, Vedanta and HCL Tech are the top gainers on the Sensex.
Sun Pharma plummets post whistleblower complaint: Shares of Sun Pharmaceuticals plummeted over 12 percent as investors reacted to a fresh complaint by a whistleblower against the company.
Buzzing: Shares of Cyient were down around 8 percent as investors turned wary of the stock after December quarter results’ announcement.
The company’s profit has fallen 27 percent to Rs 92.3 crore, while revenue remain unchanged at Rs 1,187.7 crore quarter on quarter. The company, which was supposed to consider buyback, will do so at a later date.
Market Opens: Benchmark indices started the day on the positive note with Nifty holding above 10,900 mark.
The Sensex is up 64.75 points at 36438.83, while Nifty is up 14.70 points at 10919.90. About 429 shares have advanced, 312 shares declined, and 30 shares are unchanged.
RIL, HUL, Vedanta, Hero Motocorp, Grasim, Hindalco, ONGC are the gainers, while Sun Pharma is down 11% and Lupin, Au Small Finance, Jet Airways, Interglobe Aviation are the other major losers.
Market at pre-open: Indian indices trades higher in the pre-opening session with Nifty trading above 10,900 level.
At 09:03 hrs IST, the Sensex is up 101.03 points at 36475.11, while Nifty is up 8.10 points at 10913.30.
Reliance Industries gained 1.5 percent and Hindustan Unilever was up 3 percent in the pre-opening trade.
Market Headstart: Nifty likely to open higher; 2 stocks which could give 16-17% return
Trends on SGX Nifty indicate a gap up opening for the broader index in India, a rise of 64 points or 0.59 percent. Nifty futures were trading around 10,984- level on the Singaporean Exchange.
Crude Update: US oil prices inched higher on January 18 after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.
Asian markets trade higher: Asian stocks gained early on Friday, as hopes for a thaw in the US-China trade conflict fed investor appetites for risk assets.
Wall Street ends higher: US stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 72.50 points or 0.66 percent. Nifty futures were trading around 10,992.50-level on the Singaporean Exchange.