Stock price information is reflected in a glass panel as a trader monitors financial data during the official opening of the stock trading floor. (Photographer: Andrey Rudakov/Bloomberg)

Sensex, Nifty Halt Longest Weekly Rally In Three Months

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Closing Bell

Indian equity benchmarks ended lower on Friday, halting their best weekly rally in three months.

The S&P BSE Sensex Index ended 0.5 percent lower at 34,915.38, while the NSE Nifty 50 Index closed at 10,618.25, down 0.6 percent.

The market breadth was tilted in favour of sellers. Nine out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty Pharma Index's 1.7 percent decline. On the flipside, NSE Nifty Bank Index was the top sectoral gainer, up 0.2 percent.

Sensex, Nifty Halt Longest Weekly Rally In Three Months

Stocks Moving On Heavy Volumes

Hexaware Technologies

  • Stock fell as much as 16 percent to Rs 381.
  • Trading volume was 9.2 times its 20-day average.

PC Jeweller

  • Stock fell as much as 49 percent to Rs 18.70.
  • Trading volume was 5.4 times its 20-day average.

Varun Beverages

  • Stock rose as much as 6.8 percent to Rs 727.70.
  • Trading volume was 6.2 times its 20-day average.

Carborundum Universal

  • Stock rose a smuch as 5.7 percent to Rs 383.70.
  • Trading volume was 6.1 times its 20-day average.

JSW Energy

  • Stock fell as much as 8.6 percent to Rs 74.80
  • Trading volume was 3.9 times its 20-day average.

L&T Finance Holdings

  • Stock rose as much as 5 percent to Rs 180.40.
  • Trading volume was 3.7 times its 20-day average.

Arvind Thakur, Vice Chairman And Managing Director At NIIT Technologies, Speaks To BloombergQuint

Key highlights from the conversation:

  • Steady improvement in margins due to increased proportion of revenue from digital services.
  • BFSI segment grew 5.4 percent (QoQ), contributing to 44 percent of revenue.
  • Margin improvement to continue going forward.
  • BFSI business will continue to do well in future.
  • Demand environment remains very strong for company.

Ambuja Cements Profit Up 10%, But Misses Estimate

Shares of Ambuja Cements erased gains and fell as much as 2.7 percent to Rs 233.40. The stock fell 14.4 percent between January and March. The company's profit during March quarter rose 10 percent on a yearly basis, but missed the street estimates.

Key earnings highlights (Q1, CY18) :

  • Net profit up 10.2 percent at 271.7 crore.
  • Revenue up 11.9 percent at 2,862.6 crore.
  • Ebitda up 28.7 percent at 507.3 crore.
  • Margin at 17.7 percent versus 15.4 percent.

BSE Falls 1.4% After March Quarter Profit Misses Estimate

Shares of the stock exchange platform fell as much as 1.4 percent to Rs 1.4 percent to Rs 806 after the company's profit in March quarter missed estimates on the one-time loss.

Key earnings highlights (Q4, YoY):

  • Net profit 3.3 percent at Rs 62 crore.
  • Revenue up 5.2 percent at Rs 183 crore.
  • One-time loss of Rs 1.3 crore.