Sensex Rises Over 1,350 Points In Five Sessions; Nifty Ends Above 11,050
A traffic signal stands illuminated next to the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex Rises Over 1,350 Points In Five Sessions; Nifty Ends Above 11,050

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Closing Bell: Sensex, Nifty End Higher For The Fifth Day In A Row

Indian equity benchmarks ended higher for the fifth day in a row. The S&P BSE Sensex Index ended 0.98 percent higher at 36,975.23 and the NSE Nifty 50 Index ended at 11,062.45, up 1.17 percent. The broader market index, the NSE Nifty 500 ended 0.94 percent higher.

The 31-share index gained over 1,350 points in five trading sessions and the 50-stock index ended above 11,000 for the first time since Oct. 1, 2018.

The market breadth, however, was tilted in favour of sellers. About 977 stocks declined and 737 shares advanced on National Stock Exchange. All the sectoral gauges compiled by NSE advanced led by the NSE Nifty Media Index’s 4.1 percent rally.

Sensex Rises Over 1,350 Points In Five Sessions; Nifty Ends Above 11,050

JSW Steel Jumps The Most In Over Two Months After Q3 Results Announcement

Shares of JSW Steel rose as much as 3.4 percent, the most in over two months to Rs 282.90 after its quarterly results announcement for October-December period.

Key earnings highlights (Q3, YoY)

  • Revenue up 11 percent to Rs 20,318 crore.
  • Net profit down 7 percent to Rs 1,624 crore.
  • Ebitda up 17 percent to Rs 4,501 crore.
  • Margin at 22.1 percent versus 21.1 percent.

Stocks Moving On Heavy Volumes

Reliance Infrastructure

  • Stock fell as much as 37.78 percent to Rs 141.40.
  • Trading volume was almost 18 times its 20-day average.

Prism Johnson

  • Stock rose as much as 13.5 percent to Rs 75.80.
  • Trading volume was almost 10-times its 20-day average.

Reliance Nippon Asset Management

  • Stock rose as much as 19.6 percent to Rs 163.70.
  • Trading volume was more than 12 times its 20-day average.

SRF

  • Stock rose as much as 9.9 percnet to Rs 2,225.
  • Trading volume was almost five times its 20-day average.

Cipla Gains After Q3 Results Announcement

Shares of the pharmaceutical company rose as much as 3.3 percent to Rs 524.80 after the company announced its December quarter results.

Key earnings highlights (Q3, YoY)

  • Revenue up 2 percent to Rs 4,008 crore.
  • Net profit down 17 percent to Rs 332 crore.
  • Ebitda down 13 percent to Rs 708 crore.
  • Margin at 17.6 percent versus 20.9 percent.

Lupin Posts Surprise Loss In Q3, Shares Swing

Lupin Ltd. reported a surprise loss in the December quarter due to an exceptional loss of Rs 342 crore during the period.

Shares of the pharmaceutical company fluctuated between gains and losses to trade a little changed at Rs 830.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 13 percent to Rs 4,505 crore
  • Net loss of Rs 151 crore versus Rs 222 crore profit
  • Ebitda up 9 percent to Rs 753 crore.
  • Margin at 16.7 percent versus 17.3 percent.
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