Sensex, Nifty Halt Three-Day Gaining Streak As RIL, ITC Drag
A trader works on the trading floor. (Photographer: Edouard H.R. Gluck/Bloomberg News)

Sensex, Nifty Halt Three-Day Gaining Streak As RIL, ITC Drag

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Closing Bell: Sensex, Nifty Halt Three-Day Gaining Streak As RIL, ITC Drag

Indian equity benchmarks halted a three-day winning streak, led by the declines in Reliance Industries Ltd. and ITC. Ltd.

The S&P BSE Sensex fell 0.17 percent to end at 40,938.72 and the NSE Nifty 50 fell 0.27 percent to 12,053.95. The broader markets represented by the NSE Nifty 500 Index fell 0.31 percent.

In the opening trade, the 31-share index had risen as much as 0.43 percent to hit an all-time high at 41,185.03. The NSE Nifty Bank, too, hit an all-time high at 32,186.95 after rising as much as 0.54 percent. It swung to fall as much as 0.36 percent thereafter and closed 0.13 percent lower.

The market breadth was tilted in favour of sellers. About 990 stocks declined and 807 shares advanced on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.4 percent fall. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 0.97 percent.

Sensex, Nifty Halt Three-Day Gaining Streak As RIL, ITC Drag

Fab Four Stocks Of The Day

Ashiana Housing

  • Stock rose as much as 16.5 percent to Rs 104.
  • Company sees booking of 244 units in Jamshedpur project. Around 3.5 lakh square feet of area has been booked.

Eris Lifesciences

  • Stock rose as much as 5.1 percent to Rs 486.15.
  • Company to proceed with the share-buyback at the earliest. Buyback was kept at hold due to change in buyback rules.
  • Buyback price at Rs 575 per share, aggregating upto Rs 100 crore.

Indoco Remedies

  • Stock rose as much as 6.5 percent to Rs 156.95.
  • Receives EU GMP Certification from U.K.’s MHRA (Health Regulator)
  • Certification is for sterile manufacturing facility in Goa

Ramco Systems

  • Stock rose as much as 8.5 percent to Rs 147.
  • Gets contract from China Aircraft Services for aviation management software.

Stocks Moving On Heavy Volumes

Sheela Foam

  • Stock swung from a gain of as much as 1.3 percent to fall as much as 1.2 percent.
  • Trading volume was more than six times its 20-day average.

JM Financial

  • Stock rose as much as 6 percent to Rs 96.80.
  • Trading volume was more than six times its 20-day average.

Alkem Laboratories

  • Stock rose as much as 1.2 percent to Rs 2,100.
  • Trading volume was more than four times its 20-day average.

Sundaram-Clayton

  • Stock swung from a gain of as much as 1 percent to fall as much as 1.7 percent.
  • Trading volume was more than four times its 20-day average.

Global Markets Update: Europe Stocks Gain Along With U.S. Futures

Stocks in Europe and U.S. equity futures started the week on the front foot amid hopes a partial trade deal between America and China eases a key risk for investors headed into year-end.

  • Futures on the S&P 500 Index gained 0.3 percent.
  • The Stoxx Europe 600 Index rose 0.7 percent.
  • The MSCI Asia Pacific Index dipped 0.1 percent.
  • The MSCI Emerging Market Index was little changed.

Get your daily fix of global markets here.
Source: Bloomberg

Dishman Carbogen Amcis Gains The Most In Three Weeks

Shares of Dishman Carbogen Amcis rose as much as 6.7 percent, the most since Nov. 25, to Rs 128.60.

The stock declined 44 percent in the past 12 months compared to a 14 percent gain in the Sensex, The stock traded at 8.9 times its estimated earnings per share for the coming year, according to Bloomberg data.

Sterlite Technologies Halt Two-Day Gaining Streak, Shares Fall Nearly 6%

Shares of Sterlite Technologies halted their two-day gaining streak and fell as much as 5.7 percent to Rs 114.25.

The stock traded at 8.1 times its estimated earnings per share for the coming year, Bloomberg data showed. Of the shares traded on NSE, 53 percent were at the ask price and 41 percent were at the bid, according to Bloomberg data.

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