Sensex, Nifty end flat on policy day; Sun Pharma, Zee Ent gain 4% each
07 February 2019
Market at close: Benchmark indices ended flat on Thursday with Nifty ended above 11,000 level.
RBI in its MPC meeting has cut repo rate by 25 bps at 6.25 percent.
The Sensex was down 4.14 points at 36971.09, while Nifty was up 6.90 points at 11069.40. About 1377 shares have advanced, 1145 shares declined, and 164 shares are unchanged.
Zee Entertainment, Sun Pharma, Eicher Motors, Bharti Infratel and Bajaj Auto are the top gainers on the Nifty, while losers include JSW Steel, Reliance Industries, L&T, Hindalco and Power Grid.
Among the sectors, auto, FMCG, IT and pharma index saw some buying interest, while energy and infra index remain under pressure.
Market Update: Benchmark indices erased all its intraday gains and trading lower with Nifty falls below 11,100 level.
The Sensex is down 38.43 points at 36936.80, while Nifty is down 5.70 points at 11056.80. About 1342 shares have advanced, 1089 shares declined, and 143 shares are unchanged.
Market Update: The rate cut from the RBI has made the market move in a see-saw manner. After gaining over 0.5% and then plunging into the red, the indices are again in the green. Sensex is up 35.87 points or 0.10% at 37011.10, and the Nifty up 11.30 points or 0.10% at 11073.80.
About 1,269 shares have advanced, 965 shares declined, and 131 shares are unchanged.
Market Update: The positive momentum has continued and the indices are trading higher. Sensex is up 139.03 points or 0.38% at 37114.26, and the Nifty up 35.50 points or 0.32% at 11098.00.
About 1,248 shares have advanced, 645 shares declined, and 83 shares are unchanged.
Cipla receives final approval USFDA: The company has received final approval for its Abbreviated New Drug Application (ANDA) for Tadalafil Tablets 20mg from the United States Food and Drug Administration (USFDA).
Market Opens: It is a flat start for the benchmark indices on Thursday morning with Nifty holding above 11,050 level.
At 09:17 hrs IST, the Sensex is up 51.30 points at 37026.53, while Nifty is up 12.70 points at 11075.20. About 415 shares have advanced, 368 shares declined, and 38 shares are unchanged.
Manappuram Finance, Jet Airways, Grasim, Zee Entertainment, Tata Motors, Cipla, Sun Pharma are some of the early gainers, while losers are JSW Steel, Vedanta, Tata Steel, Lupin, Cummins, Punj Lloyd, Rel Infra, Adani Power, Bombay Dyeing, Vodafone Idea, JSPL, IDFC, Allahabad Bank.
Market at pre-open: Indian indices are trading with marginal gains in the pre-opening session.
At 09:02 hrs IST, the Sensex is up 68.73 points at 37043.96, while Nifty is up 12.70 points at 11075.20.
Eicher Motors, Indiabulls Housing, Manappuram Finance are trading higher, while Lupin, Tata Steel, Dr Reddy's are trading lower in the pre-opening session.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 31 points or 0.28 percent. Nifty futures were trading around 11,074-level on the Singaporean Exchange.
Wall Street ends lower: US stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on US-China trade relations.
Asian markets trade mixed: Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary.