Traders monitor financial data on computer screens on the trading floor. (Photographer: Luke MacGregor/Bloomberg)

Sensex, Nifty Halt Best Run In Over Three Years

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Closing Bell

Indian equity benchmarks halted nine-day winning streak, the long rally in over three years.

The S&P BSE Sensex Index closed 0.2 percent lower at 34,331.68, while the NSE Nifty 50 Index closed at 10,526.20, down 0.2 percent.

The market breadth tilted in favour of sellers. Seven out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty PSU Bank Index’s 1.1 percent decline. On the flipside, NSE Nifty FMCG Index was the top gainer, up 1.7 percent.

Sensex, Nifty Halt Best Run In Over Three Years

Mastek Declines After Reporting Its March Quarter Results

Shares of the software service provider fell as much as 3.9 percent to Rs 571.50 after announcing its march quarter results.

Key Earnings Highlights (Q4, QoQ)

  • Net profit rose 5.3 percent to Rs 19.4 crore.
  • Revenue rose 6.7 percent to Rs 224 crore.
  • EBIT rose 7.2 percent to Rs 179 crore.
  • EBIT margin at 79.9 percent versus 79.5 percent.

Akshaya Tritiya Hasn’t Always Been Good For Titan’s Shares

Titan Company Ltd., India’s largest maker of branded jewellery, has often disappointed investors on Akshaya Tritiya. (To know more, click here)

Block Deal Alert

  • Thomas Cook India: About 14 lakh shares changed hands in a block deal.

Buyers and sellers were not known immediately.

Source: Bloomberg

Dynamatic Technologies Surges 7% After Pact With French Firm

Shares of Dynamatic Technologies surged as much as 7 percent. The company announced that it had signed pact with French aircraft manufacturer Daher Aerospace and that it is exploring possibilities of partnering with the overseas firm, according to its stock exchange notification.