Sensex ends 119 points lower, Nifty below 10,800; Eicher Motors slides 5%
13 February 2019
Market at close: Benchmark indices erased all its intraday gains and ended in red on the back of last hour selling pressure.
The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. About 968 shares have advanced, 1544 shares declined, and 128 shares are unchanged.
Adani Ports, Indiabulls Housing, UPL, Tata Motors and HDFC were the top gainers on the Nifty, while losers included Eicher Motors, IOC, HPCL, GAIL and ONGC.
Except IT index, all other sectoral indices closed in red led by Nifty PSU bank, infra, energy, auto, pharma and metal.
Bosch Q3 profit jumps 19%: Automotive solutions provider Bosch's third quarter profit grew by 19.3 percent year-on-year to Rs 335.4 crore despite tepid revenue growth and lower operating income. The profitability growth was driven by other income.
The profit before tax (PBT) stood at Rs 490 crore, registering a growth of 15.8 percent over the same period of previous year on account of improved operational efficiency, favorable product mix and higher investment income which was partially offset by negative exchange rate on material cost, the company said.
Market Update:Sensex is up 95.58 points or 0.26% at 36249.20, and the Nifty up 26.10 points or 0.24% at 10857.50. About 1060 shares have advanced, 1154 shares declined, and 105 shares are unchanged.
Buzzing: Share price of Strides Pharma Science has slipped 2 percent intraday its subsidiary received approval for Triamcinolone Acetonide cream USP, 0.025%, 0.1% and 0.5% from the United States Food & Drug Administration (USFDA).
Market Update: Sensex is up 136.35 points or 0.38% at 36289.97, and the Nifty up 30.50 points or 0.28% at 10861.90. About 984 shares have advanced, 932 shares declined, and 95 shares are unchanged.
ITC, Sun Pharma, Adani Ports and Indiabulls Housing are the biggest index gainers and HPCL, Hero Motocorp, Zee Entertainment are the biget losers intraday.
L&T bags order: Buildings and factories business of L&T Construction has secured a design and build order for the construction of hospitals from a private developer in India.
Buzzing: Share price of CG Power declined nearly 7 percent in the early trade on Wednesday after company posted net loss for the quarter ended December 2018.
The company's Q3FY19 net loss was of Rs 150.2 crore including one-time loss at Rs 116.6 crore.
Market Opens: Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 mark.
The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged.
Sun Pharma, ITC, Cola India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.
Market at pre-open: Indian indices are trading higher in the pre-opening session with Nifty around 10,900 level.
At 09:01 hrs IST, the Sensex is up 175.87 points at 36329.49, while Nifty is up 58.10 points at 10889.50.
Sun Pharma, Coal India, Bata, NCC, are trading higher in the pre-opening, while CG Power is trading lower.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 32.50 points or 0.30 percent. Nifty futures were trading around 10,894-level on the Singaporean Exchange.
Wall Street ends higher: Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations.
Asia trades higher: Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.