Sensex, Nifty End Flat; Gains In Infosys, RIL Offset By Losses In HDFC, ITC
Closing Bell: Sensex, Nifty End On A Flat Note
Indian equity benchmarks were little changed as gains in Infosys, Reliance Industries and ICICI Bank were offset by losses in HDFC, ITC and Kotak Mahindra Bank.
The S&P BSE Sensex rose 0.01 percent or 3 points to 36,321 and the NSE Nifty 50 Index advanced 0.03 percent or 3 points to 10,890.
Twelve of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Oil & Gas Index's 0.7 percent gain. On the flipside, S&P BSE Fast Moving Consumer Goods Index was top loser, down 0.7 percent.
The small-cap stocks outperformed their larger peers as the S&P BSE SmallCap Index rose 0.14 percent.
HDFC Bank Subdued Amid Block Deal
- HDFC Bank has 21.2 lakh shares changed hands in a block on BSE. Stock down 0.1 percent at Rs 2,120.25.
Buyers and sellers were not immediately known
DCB Bank Falls After Bad Loans Rise In December Quarter
Shares of the Mumbai-based private sector lender fell as much as 1.15 percent to Rs 181 after its profit rose 51 percent in December quarter.
Key earnings highlights:
- Net profit up 51 percent at Rs 86.10 crore versus Rs 57.01 crore (YoY)
- Net interest income up 17 percent at Rs 293 crore versus Rs 251 crore (YoY)
- Net non-performing assets as a percentage of total advances at 0.71 percent versus 0.70 percent (QoQ)
- Gross non-performing assets as a percentage of total advances at 7.92 percent versus 1.84 percent (QoQ)
- Fresh slippages at Rs 110 crore versus Rs 100 crore (YoY); Rs 97.2 crore (QoQ)
ITI, Gujarat Pipavav Port Among Stocks Moving On Heavy Volumes
- ITI: The Bengaluru-based telecommunications products maker rose as much as 12 percent to Rs 105.80. Trading volume was more than 13 times its 20-day average.
- Gujarat Pipavav Port: The Mumbai-based shipping port operator rose as much as 5.68 percent to Rs 95. Trading volume was 14 times its 20-day average.
- Coffee Day Enterprises: The Bengaluru-based cafe chain operator rose as much as 4.78 percent to Rs 297. Trading volume was 12 times its 20-day average.
- Hindustan Aeronautics: The Bengaluru-based aircraft maker rose as much as 1.45 percent to Rs 784. Trading volume was more than seven times its 20-day average.
Speciality Restaurants Locked In Upper Circuit After Profit Surges Manifold
Shares of the Mumbai-based restaurants operator were locked in a 20 percent upper circuit at Rs 98.40 after its profit surged manifold in December quarter.
Key earnings highlights:
- Revenue up 24.2 percent at Rs 98.5 crore versus Rs 79.30 crore (YoY)
- Net profit at Rs 8.4 crore versus Rs 67 lakh (YoY)
- Ebitda at Rs 12.5 crore
- Margin at 12.7 percent