Brokers deal on a trading floor at a stock exchange. (Photographer: Prashanth Vishwanathan/Bloomberg)

Sensex, Nifty Clock Best Four-Day Rally In Over Two Weeks

Latest First
  • Oldest First

BQ Live

Closing Bell: Sensex, Nifty End Higher For Fourth Consecutive Trading Session

Indian equity benchmarks ended higher for the fourth consecutive trading session, its longest winning streak in over two weeks.

The S&P BSE Sensex Index closed 0.1 percent higher at 36,616.81 and the NSE Nifty 50 Index ended at 10,934.35, up 0.2 percent. The broder market index—NSE Nifty 500 Index, however, ended 0.1 percent lower.

The market breadth was also tilted in favour of sellers. About 1,231 stocks declined and 548 shares advanced on National Stock Exchange.

Six out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Realty Index's 2.25 percent decline. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 2.27 percent.

 Sensex, Nifty Clock Best Four-Day Rally In Over Two Weeks

Dr. Reddy's Jumps The Most In Over Two Months

Shares of the pharmaceutical company rose as much as 4.6 percent, the most in since November 2018, to Rs 2,859.85.

Indivior Plc was rejected by a U.S. appeals court in its effort to prevent Dr. Reddy’s from selling a generic version of Suboxone Film opioid addiction treatment. (Read the full story here)

The stock as the best performer on NSE Nifty Pharma Index. Trading volume was 2.8 percent its 30-day average.

 Sensex, Nifty Clock Best Four-Day Rally In Over Two Weeks

Suzlon Energy Slumps Over 42%, Its Most in Nearly Six Years

Shares of Suzlon Energy fell for the second day and declined as much as 42.1 percent, the most since Feb. 28, 2013, to Rs 2.75.

The company said that it is regular in servicing its debt obligations including servicing obligations towards banks and others for the month of January, according to its stock exchange filing.

Trading volume was 11 times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.

GAIL Swings After Q3 Results Announcement

Shares of the natural gas distributor fluctuated between gains and losses to trade a little changed at Rs 329.40 after it announced its quarterly results for the three months ended December.

Key Earnings Highlights (Q3, QoQ)

  • Revenue up 2.7 percent to 19,788.98 crore.
  • Net profit down 14 percent to Rs 1,681.23 crore.
  • Ebitda down 8.7 pecent to 2,673.48 crore.
  • Margin at 13.5 percent versus 15.18 percent.

Apollo Tyres Swings After Q3 Results Announcement

Shares of Apollo Tyres fluctuated between gains and losses to trade 1.8 percent higher at Rs 205.40 after announcing its December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 16 percent at Rs 4718 crore.
  • Net profit down 19 percent at Rs 198 crore.
  • Ebitda up 6 percent at Rs 528 crore.
  • Margin at 11.2 percent versus 12.2 percent.
  • One-time loss of Rs 60 crore due to IL&FS Provision.