Sensex ends over 240 points lower, Nifty below 10,850; Sun Pharma up 3%
12 February 2019
Market at Close: Equity benchmarks closed the session with cuts of over half a percent. The Nifty managed to end below 10,850-mark.
Banks, automobiles, consumption, and IT were the top losers, while metals and pharma were the big gainers. The midcap index has ended flat.
At the close of market hours, the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40. The market breadth was negative as 1050 shares advanced, against a decline of 1452 shares, while 131 shares were unchanged.
Sun Pharma, Coal India, JSW Steel and Zee Entertainment gained the most, while Hero MotoCorp, HDFC, and Bharti Infratel lost the most.
Hotel Leelaventure Q3 Profit Up 8%
Hotel Leelaventure reported 8.58 percent rise in standalone net profit at Rs 44.14 crore for the third quarter ended December 2018 YoY.
Revenue from operations stood at Rs 209.06 crore in the latest quarter as against Rs 203.61 crore in October-December 2017, it said.
Benchmark indices continued to trade lower amid volatility in last hour despite positive trend in global peers.
The ?30-share BSE Sensex fell 166.48 points to 36,228.55 and the Nifty50 slipped 39.80 points to 10,849 while the broader markets managed to outperform frontliners a bit.
The Nifty Midcap index was down 0.1 percent and Smallcap index fell 0.36 percent.
The market breadth remained in favour of bears as about three shares declined for every two shares rising on the BSE.
Rupee Update: Indian rupee is trading up 0.30% against the US dollar. According to Bloomberg, a US dollar is currently trading at Rs 70.96, down 0.21 paise.
Market Update: Equities have continued to be flat. At 10:16 hrs IST, the Sensex is down 23.42 points or 0.06% at 36371.61, and the Nifty down 9.40 points or 0.09% at 10879.40. The market breadth is negative as 825 shares advanced, against a decline of 953 shares, while 86 shares were unchanged.
Eicher Motors slips: Eicher Motors slipped on Tuesday after the company posted an in-line set of numbers amid concerns over volume growth due to subdued consumer sentiment. Global brokerage firms maintained their positive rating but slashed its earnings estimates to factor weak operating performance.
At 09:30 am, Eicher Motors was trading flat at 20,814. It hit a low of Rs 20100 and an intraday high of Rs 20,869 so far in trade today.
The consolidated profit grew by 2.4 percent year-on-year to Rs 533 crore with low revenue growth and weak operating income. Profit in the same quarter last year stood at Rs 530.9 crore.
Market opens: Equity benchmarks have begun marginally lower, with the Nifty trading just below 10,900.
The Sensex is down 47.42 points or 0.13% at 36347.61, and the Nifty down 13.70 points or 0.13% at 10875.10. The market breadth was narrow as 179 shares advanced, against a decline of 137 shares, while 43 shares were unchanged.
Majority of sectoral indices are trading in the near the flat line, but pain is visible among automobiles, IT and metals. The Midcap index is trading flat.
Coal India, Tata Motors, Indiabulls Housing and IOC were the top gainers, while NTPC, Axis Bank, GAIL and Eicher Motors lost the most.
Market at pre-open: Equity benchmarks are likely to see a mildly higher start as benchmarks are trading higher in pre-opening trade.
The Sensex is up 96.57 points or 0.27% at 36491.60, while the Nifty up 6.00 points or 0.06% at 10894.80.
The rupee has opened flat at 71.17 per US dollar against a previous close of 71.16 per US dollar.