The Bombay Stock Exchange (BSE) stands in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty End Flat; Gains In Infosys, RIL Offset By Losses In HDFC, ITC

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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.

Sensex, Nifty End Flat; Gains In Infosys, RIL Offset By Losses In HDFC, ITC

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

Source: Bloomberg

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