Sensex ends flat, Nifty holds 10,650; bank, metal stocks outshine
30 January 2019
Market at close: Benchmark indices closed flat in volatile session on Wednesday with Nifty finished just above 10,650 level.
At the close, the Sensex was down 1.25 points at 35591.25, while Nifty was down 0.40 points at 10651.80. About 1361 shares have advanced, 1109 shares declined, and 159 shares are unchanged.
ICICI Bank, Tata Steel, Axis Bank, HCL Tech and SBI are the top gainers, while Bajaj Auto, Kotak Mahindra Bank, Yes Bank, HDFC and Reliance Industries are among major losers on the Sensex
Among the sectors energy, FMCG and pharma witnessed some selling pressure, while buying seen in bank, IT and metal stocks.
Bajaj Auto Q3 result: Two-wheeler major has registered 15.7 percent growth in its Q3 net profit at Rs 1101.9 crore against profit of Rs 952.44 crore in the same quarter last fiscal. Revenue of the company at Rs 7409.4 crore
Market Update: Benchmark indices are trading flat with Sensex up 11.97 points or 0.03% at 35604.47, and the Nifty down 7.40 points or 0.07% at 10644.80.
About 1127 shares have advanced, 929 shares declined, and 106 shares are unchanged.
Buzzing: Godrej Consumer products shares have sunk more than 7% intraday as brokerage houses cut their earnings estimates after the company's weak set of earnings for the quarter ended December 2018.
Market Update: The benchmark indices have lost their early gains. Sensex is down 22.43 points or 0.06% at 35570.07, and the Nifty down 15.90 points or 0.15% at 10636.30.
About 1046 shares have advanced, 790 shares declined, and 97 shares are unchanged.
Buzzing: Shares of Bosch gained 3 percent in the early trade on Wednesday as company's buyback offer to open on February 6 and will close on February 20.
The buyback is of 10,27,100 equity shares of Rs 10 each of the company at a price of Rs 21,000 per equity share.
Market Opens: It is a strong start for the Indian indices on Wednesday with Nifty is trading around 10,700.
At 09:17 hrs IST, the Sensex is up 148.83 points at 35741.33, while Nifty is up 41.10 points at 10693.30. About 472 shares have advanced, 299 shares declined, and 35 shares are unchanged.
Axis Bank, HCL Tech, Bank of Baroda, Bajaj Finserv, Indiabulls Housing, Yes Bank, ICICI Bank are among major gainers on the indices, while losers include Adani Ports, BPCL, HDFC Bank, Hero Moto, Dr Reddy's Lab.
Market at pre-open: Benchmark indices gained in the pre-opening session with Nifty trading above 10,700 level.
At 09:01 hrs IST, the Sensex is up 92.03 points at 35684.53, while Nifty is up 58.60 points at 10710.80.
Shares of DHFL is trading 10 percent higher post company clarified on the allegation against the company.
Crude Update: Oil prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from US sanctions on Venezuelan exports.
US markets end mixed: Wall Street was mixed on Tuesday, with Alphabet, Facebook and other technology-related shares dipping, while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average.
Asian markets trade lower: US stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc's earnings and comments from its chief that US-China trade tensions were easing, sending the iPhone maker's shares soaring in after-hours trade.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India. Nifty futures were trading around 10,693.50-level on the Singaporean Exchange.