Stock price information is reflected in a glass panel as a trader monitors financial data. (Photographer: Andrey Rudakov/Bloomberg)

Sensex, Nifty End With Minor Losses As ICICI Bank, Infosys Weigh

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Closing Bell: ICICI Bank, Infosys Drag Sensex, Nifty Lower In Volatile Session

Indian equity benchmarks ended with minor losses on a volatile day after the gains in HDFC Bank Ltd. and Reliance Industries Ltd. were pressured by the losses in Infosys Ltd. and ICICI Bank Ltd.

The S&P BSE Sensex ended 0.13 percent or 50 points lower at 38,981.43 and the NSE Nifty 50 ended at 11,724.75, down 0.2 percent. The broader market index represented by the NSE Nifty 500 Index ended 0.28 percent lower.

The market breadth was tilted in favour of sellers. About 1,052 stocks fell and 702 shares advanced on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty IT Index’s 1.8 percent fall. On the flipside, the NSE Nifty Financial Service Index was the top sectoral gainer, up 0.23 percent.

Sensex, Nifty End  With Minor Losses As ICICI Bank, Infosys Weigh

Stocks Moving On Heavy Volumes

Gayatri Projects

  • Stock rose as much a 4.6 percent to Rs 170.85.
  • Trading volume was almost 14 times its 20-day average.

Kiocl

  • Stock rose as much as 8.7 percent to Rs 141.
  • Trading volume was more than 10 times its 20-day average.

Ajanta Pharma

  • Stock rose as much as 10 percent to Rs 1,089.40.
  • Trading volume was nine times its 20-day average.

Kansai Nerolac Q4 Profit Down 12%, Shares Fall

Kansai Nerolac Paints Ltd.’s shares fell as much as 7.5 percent to Rs 408. The company’s profit declined 12.3 percent year-on-year to Rs 92.8 crore during January-March period, according to its stock exchange filing.

Key Earnings Highlights (Q4, YoY)

  • Revenue up 4.5 percent to Rs 1,153.2 crore
  • Ebitda down 11.4 percent to Rs 149.7 crore.
  • Margin at 13 percent versus 15.3 percent.

Dabur India Falls After Q4 Profit Misses Lowest Estimate

Shares of Dabur India fell as much as 4.5 percent, the most in over six months, to Rs 380.30.

The FMCG company reported a net profit of Rs 370.4 crore, a fall of 6.5 percent from the year-ago period, according to its stock exchange filing. The analysts consensus estimate tracked by Bloomberg stood at Rs 424 crore. The bottomline also missed the lowest estimate of Rs 387 crore.

Key Earnings Highlights (Q4, YoY)

  • Revenue up 4.7 percent to Rs 2,128.2 crore.
  • Net profit down 6.5 percent to Rs 370.4 crore.
  • Ebitda down 5.8 percent to Rs 457.2 crore.
  • Margin at 21.5 percent versus 23.9 percent.

Europe Market Check: Equities Decline

European equities declined as investors were disappointed by earnings and as mining shares fell on the stronger U.S. dollar.

Sensex, Nifty End  With Minor Losses As ICICI Bank, Infosys Weigh

Source: Bloomberg