Sensex, Nifty Resume Declines After A One-Day Breather
China stock market information display. (Photographer: Qilai Shen/Bloomberg)

Sensex, Nifty Resume Declines After A One-Day Breather

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Sensex, Nifty Resume Declines After A One-Day Breather

Indian equities ended a topsy-turvy session lower, resuming declines after a one-day breather.

The S&P BSE Sensex fell 0.37 percent to end at 41,170.12 and the NSE Nifty 50 fell 0.37 percent to close at 12,080. The broader markets represented by the NSE Nifty 500 Index fell 0.12 percent.

The market breadth was tilted in favour of buyers. About 937 stocks advanced and 864 shares declined on National Stock Exchange.

Six out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 1 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.73 percent.

Stocks Moving On Heavy Volumes

Jyothy Labs

  • Stock rose as much as 6.4 percent to Rs 137.90.
  • Trading volume was more than 18 times its 20-day average.

IndiaMART InterMESH

  • Stock rose as much as 12.9 percent to Rs 2,862.50.
  • Trading volume was almost six times its 20-day average.

Eris Lifesciences

  • Stock fell as much as 3.4 percent to Rs 426.95.
  • Trading volume was more than 18 times its 20-day average.

Tata Communications

  • Stock rose as much as 16 percent to Rs 445.90.
  • Trading volume was almost six times its 20-day average.

Mishra Dhatu Nigam

  • Stock rose as much as 14.1 percent to Rs 248.50.
  • Trading volume was more than four times its 20-day average.

Fab Four Stocks Of The Day

Indiabulls Housing Finance

  • Stock rose as much as 17.2 percent to Rs 357.90.
  • Registrar of Companies has said in its third & probably final inspection report that all transactions between various units of Indiabulls have been at arms’ length, Bloomberg reported quoting people with knowledge of the matter.

Thomas Cook India

  • Stock rose as much as 20 percent to Rs 49.50.
  • Company to consider share-buyback on Feb. 26.

Muthoot Finance

  • Stock rose as much as 6.9 percent to Rs 935.45.
  • Fresh longs seen with high open interest of 17 percent.
  • Trading volume was four times its 20-day average.

Brigade Enterprises

  • Stock rose as much as 11.3 percent to Rs 254.90.
  • Biggest gainer in the NSE Nifty Realty Index.

Bloomberg Exclusive: Hindujas, Cerberus Said To Partner To Bid For Yes Bank Stake

  • Hinduja Group, along with private equity firm Cerberus Capital Management, is preparing a bid to buy a stake in Yes Bank
  • Representatives of Hinduja group & Cerberus met RBI officials earlier this month regarding the bid

Bloomberg Reports Citing People Familiar With The Matter

Global Markets Update: Stocks Trade Mixed On Virus Jitters

Stocks came under pressure in Asia, and U.S. and European equity futures fluctuated after Japan reported two deaths from the coronavirus and cases in South Korea jumped, spurring concerns about the spread of the disease outside China.

  • Futures on the S&P 500 Index were down less than 0.1 percent as of 6:58 a.m. in London.
  • Japan’s Topix index rose 0.2 percent.
  • Hong Kong’s Hang Seng declined 0.3 percent.
  • Shanghai Composite rose 1.8 percent.
  • South Korea’s Kospi index fell 0.7 percent.
  • Australia’s S&P/ASX 200 Index rose 0.3 percent.
  • Euro Stoxx 50 futures fell 0.1 percent.

Get your daily fix of global markets here.
Source: Bloomberg

Escorts Falls The Most In Over Two Months

Shares of Escorts fell as much as 6.3 percent, the most since Dec. 3, 2019, to Rs 852.40.

Of the shares traded, 35 percent were at the ask price and 44 percent were at the bid, according to Bloomberg data. The scrip traded at 18 times its estimated earnings per share for the coming year.

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