Sensex, Nifty Resume Decline After One-Day Spike
Closing Bell: Sensex, Nifty Resume Decline After One-Day Spike
Indian equity benchmarks ended lower pressured by heavy selling in final hour of trade and losses in metal stocks.
The S&P BSE Sensex ended 0.83 percent lower at 38,730.86 and the NSE Nifty 50 was 11,641.80 at close, down 0.72 percent. The broader market index represented by the NSE Nifty 500 Index ended 0.61 percent lower.
The market breadth was tilted in favour of sellers. About 963 stocks declined and 777 shares advanced on National Stock Exchange. Ten out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.83 percent fall. On the flipside, the NSE Nifty Realty Index was the only sectoral gainer, up 0.32 percent.
Markets Check: Sensex, Nifty Decline In Final Hour Of Trade
Indian equity indices fell in the final hour of today’s session. Sensex declined nearly 1 percent to 38,676.40 while Nifty fell 0.80 percent to 11,631.10.
Maruti Suzuki Gains 1.8% After Q4 Results
Shares of the country's largest carmaker erased losses and gained 1.8 percent to Rs 7144 apiece.
The company's net profit stood at 1,795 crore, down 4.6 percent compared to same period last year. The revenue rose 1.4 percent to Rs 21,459 crore. Editda margin fell 360 basis points to 10.6 percent on a yearly basis.
The stock declined 22 percent in the past 12 months compared with a 13 percent gain on Sensex.
Oil Marketers Gain For The Second Day
Shares of oil marketing companies gained for the second session in a row. Also, Brent crude touched the $75 per barrel mark, after nearly six months, in today’s trade.
- Indian Oil gained a percent intraday to Rs 155.35 apiece.
- BPCL rose 2.6 percent to Rs 357.90.
- HPCL gained 2.8 percent to 276.35.
Reliance Industries Gains For The Third Straight Session; Hits Lifetime High
Shares of the Mukesh Ambani-led conglomerate rose for the third day in a row and gained nearly 1.7 percent to Rs 1,412.40 apiece.
The stock advanced 45 percent in the past 12 months compared to 14 percent gain in the Sensex. The stock traded at 18 times its estimated earnings per share for the coming year.