The Bombay Stock Exchange (BSE) building, left, looms over a no-entry street sign in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg)

Sensex, Nifty Halt Five-Day Rally

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Closing Bell: Sensex, Nifty Snap Five-Day Winning Streak

Indian equity benchmarks snapped their five-day winning streak paced by losses in Vedanta, Mahindra & Mahindra and Tata Steel.

The S&P BSE Sensex fell 0.37 percent or 134 points to 36,445 and the NSE Nifty 50 Index declined 0.36 percent or 39 points to 10,923.

Fourteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Metal Index's 2.3 percent decline. On the flipside, S&P BSE Healthcare Index was top gainer, up 1.2 percent.

Small-cap shares also witnessed selling pressure as the S&P BSE SmallCap Index fell 0.5 percent.

Opto Circuits Surges After Board Allots Shares To Non-Founder Investors

Shares of the Bengaluru-based medical devices maker rose as much as 7.57 percent to Rs 9.95 after its board of directors approved allotment of 1.31 crore shares at Rs 15 per share on preferential basis to non-promoters, Opto Circuits said in an exchange filing.

Asian Paints Q3 Profit Rises 15%, Shares Fall

Asian Paints Ltd.’s profit rose 15 percent on a yearly basis to Rs 636 crore during October-December period, according to its stock exchange filing.

Key earnings highlights (Q3, YoY)

  • Revenue up 24 percent at Rs 5,294 crore.
  • Net profit up 14.6 percent at Rs 636 crore.
  • Ebitda up 17 percent at Rs 1,043 crore.
  • Margin at 19.7 percent versus 20.9 percent.
  • Shares of Asian Paints fell as much as 3.1 percent to Rs 1,378 after the results announcement.

Alembic Pharma Extends Gains After Profit Jumps 30% In Q3

Shares of the Vadodara-based drugmaker rose as much as 4 percent to Rs 614 after its profit rose 30 percent in December quarter.

Key earnings highlights:

  • Revenue up 21 percent at Rs 1,018 crore versus Rs 840 crore (YoY)
  • Net profit up 30 percent at Rs 170 crore versus Rs 131 crore (YoY)

Shree Cement Off Day's Low After Profit Beats Estimates In December Quarter

Shares of the Kolkata-based cement maker came off intraday low levels after its profit surpassed Bloomberg estimates in December quarter.

Key earnings highlights:

  • Revenue up 19 percent at Rs 2,781 crore versus Rs 2,303 crore. (YoY)
  • Net profit declines 10 percent to Rs 300 crore versus estimate of Rs 232 crore.
  • Announces dividend of Rs 25 per share.
  • EBITDA up 25 percent at Rs 710 crore versus Rs 570 crore (YoY)