Brokers speak on the telephone during trading hours inside a dealing room. (Photographer: Abhijit Bhatlekar/Bloomberg News)

Sensex, Nifty End Lower After Hitting New Highs

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Closing Bell: Sensex, Nifty Fail To Hold Record Highs

Indian equity benchmarks ended lower after hitting new lifetime highs in today’s trade.

The S&P BSE Sensex ended 0.34 percent lower at 39,140.28 and the NSE Nifty 50 fell 0.29 percent at 11,752.80. The broader market index represented by the NSE Nifty 500 Index ended 0.44 percent lower.

The market breadth was tilted in favour of sellers. About 1,241 stocks declined and 531 shares advanced on National Stock Exchange.

All sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Realty Index’s 2.54 percent fall.

 Sensex, Nifty End Lower After Hitting New Highs

Stocks Moving On Heavy Volumes

Shriram City Union Finance

  • Shares gained 1.5 percent intraday to Rs 1,798.35 apiece.
  • The trading volume was more than 16 times its 20-day average for this time of the day, Bloomberg data showed.

Adani Green Energy

  • Shares surged close to 8 percent to Rs 48.05 per share.
  • The trading volume was eight times the 20-day average for this time of the day, Bloomberg data showed.

Chambal Fertilisers & Chemicals

  • Shares declined 2.2 percent intraday to Rs 165 apiece.
  • The trading volume was six times the 20-day average for this time of the day, according to Bloomberg data.

DCB Bank Pares Losses After Earnings Announcement

Shares of the private lender traded 1.2 percent lower at 199.60 per share after its March quarter results were announced today.

Results (Q4, YoY):

  • Net Interest Income rose 14 percent to Rs 301 crore.
  • Net profit shot up 50 percent to Rs 96.3 crore.
  • Gross NPA stood at 1.84 percent versus 1.92 percent (QoQ)
  • Net NPA stood at 0.65 percent to 0.71 percent. (QoQ)

Crisil Falls The Most In Six Months

Shares of the S&P’s local arm declined 7.2 percent, most since October 2018, to Rs 1,500 apiece.

The stock fell 21 times in the past 12 months compared with a 14 percent gain in the Sensex. The stock traded at 31 times its estimated earnings per share for the coming year.

 Sensex, Nifty End Lower After Hitting New Highs

RBL Bank Falls After Q4 Results

Shares of the private lender fell as much as 1.8 percent to Rs 668.10 per share after its March quarter results were announced today.

Results (Q4, YoY):

  • Net Interest Income rose 47.6 percent to Rs 738.72 crore.
  • Net profit rose 38.8 percent to Rs 247.18 crore.
  • Gross NPA stood at 1.38 percent.
  • Net NPA stood at 0.69 percent.
  • A dividend of Rs 2.70 per share announced.

The stock advanced 33 percent in the past 12 months compared to a 15 percent gain in the Sensex Index.

 Sensex, Nifty End Lower After Hitting New Highs