Sensex, Nifty Halt Best Run In Over Three Years
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.
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.
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.