Sensex, Nifty End Little Changed After Rallying For Three Days
Closing Bell: Sensex, Nifty End Little Changed
Indian equity benchmarks ended a little changed on a volatile day, after rallying for three consecutive trading sessions.
The S&P BSE Sensex ended at 37,754.89 and the NSE Nifty 50 ended at 11,343.25.
The market breadth was tilted in favour of sellers. About 1,013 stocks fell and 731 shares advanced on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Realty Index’s 2.2 percent rally. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.54 percent.
Block Deal Alert: Prestige Estates Projects
About 22.5 lakh shares of Prestige Estates Projects changed hands in a single block, according to Bloomberg data. Buyers and sellers were not known immediately.
eClerx Services Jumps On Buyback Plans
Shares of eClerx Services rose as much as 6.5 percent to Rs 1,173.
The company plans to buy back equity shares worth Rs 262 crore, according to its stock exchange filing.
Trading volume was more than double, its 20-day average, according to Bloomberg data. The stock traded at 19 times its estimated earnings per share for the coming year.
Block Deal Alert: Indian Overseas Bank
About 50 lakh shares of Indian Overseas Bank changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Essel Group Stocks Advance
Shares of the Essel Group companies—Zee Entertainment Enterprises Ltd., Zee learn Ltd., Essel Propack Ltd., and Dish TV Ltd., Rallied in today’s trade.