A telephone handset sits on a desk on the trading floor. (Photographer: Jason Alden/Bloomberg)

Sensex, Nifty End Lower For Second Day As Metals Drag

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Closing Bell: Sensex, Nifty End Lower For Second Day As Metals Drag

Indian equity benchmarks ended lower for the second consecutive trading session, dragged by metals.

The S&P BSE Sensex ended 71.53 points or 0.18 percent lower at 39,122.96 and the NSE Nifty 50 ended below 11,700, down 0.2 percent. The broader market index represented by the NSE Nifty 500 Index closed 0.18 percent lower.

The 50-stock index is about 10 points away from its 50-day moving average of 11,689.19.

Sensex, Nifty End Lower For Second Day As Metals Drag

The market breadth was tilted in favour of sellers. About 1,043 stocks declined and 732 shares advanced on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.3 percent fall. On the flipside, the NSE Nifty PSU Bank Index was the top sectoral gainer, up 0.25 percent.

Fab Four Stocks Of The Day

Max India

  • Stock rose as much as 8.4 percent to Rs 69.80.
  • Radiant Life completed purchase of 49.7 percent stake in Max Healthcare.

BHEL

  • Stock rose as much as 3.1 percent to Rs 73.60.
  • Won an order valued Rs 840 crore for emission control equipment from NTPC

CG Power and Industrial Solutions

  • Stock rose as much as 7.8 percent to Rs 31.
  • The company plans to sell remaining Kanjurmarg land for Rs. 499 crore.

Escorts

  • Stock rose as much as 2.6 percent to Rs 565.25.
  • Fresh longs seen with high OI of 9.62 percent.

Market Check: Sensex, Nifty Head For A Volatile Close

Indian equity benchmarks are headed for a volatile close after fluctuating between gains and losses during today’s trade.

The S&P BSE Sensex traded 67 points lower at 39,127 and the NSE Nifty 50 hovered around 11,700 levels.

Stocks Moving On Heavy Volumes

Emami

  • Stock fell as much as 15 percent to Rs 245.90.
  • Trading volume was almost 300 times its 20-day average.

Glenmark Pharma

  • Stock fell as much as 8.2 percent to Rs 459.20.
  • Trading volume was almost 13 times its 20-day average.

Hotel Leelaventure

  • Stock rose as much as 19.4 percent to Rs 10.75.
  • Trading volume was more than 12 times its 20-day average.

Igarashi Motors India

  • Stock rose as much as 17.7 percent to Rs 214.90.
  • Trading volume was more than nine times its 20-day average.

Reliance Power Drops Nearly 15% After Block Deal

Shares of Reliance Power fell as much as 14.7 percent to Rs 4.65.

About 53 lakh shares of the company changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

The stock declined 10 percent in the past five days and fell 37 percent in the past 30 days, Bloomberg data showed. Reliance Power traded at 1.4 times its estimated earnings per share for the coming year.

TVS Motor Extends Decline, Shares At Over Two-Year Low

Shares of TVS Motor extended fall for the second consecutive trading session and fell as much as 5.3 percent to Rs 428.45, the lowest since March 2017.

Trading volume was almost three times its 20-day average, Bloomberg data showed. The stock was the second-worst performer on the NSE Nifty Auto Index.

Sensex, Nifty End Lower For Second Day As Metals Drag

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