Sensex, Nifty Extend Decline For Second Day In A Row Led By TCS
Closing Bell: Sensex Falls 97 Points, Nifty Settles Below 10,800
Indian equity benchmarks declined for second day in a row led by losses in TCS after its operating margin contracted in December quarter. However, losses were capped as ITC and Infosys saw buying interest.
The S&P BSE Sensex fell 0.27 percent or 97 points to 36,010 and the NSE Nifty 50 Index declined 0.25 percent or 27 points to 10,795.
Sixteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index’s 1.4 percent decline. On the flipside, S&P BSE FMCG Index was top gainer, up 0.54 percent.
Mid- and small-cap stocks also witnessed selling pressure as the S&P BSE MidCap Index fell 0.13 percent and the S&P BSE SmallCap Index declined 0.19 percent.
Bajaj Finance Little Changed Amid Block Deal
- Bajaj Finance has 28 lakh shares change hands in a block deal. Stock up 0.1 percent at Rs 2,517.
Buyers and sellers were not immediately known
Reliance Industrial Infrastructure Falls After Profit Declines In Q3
Shares of the Mumbai-based operator of petroleum pipelines operator fell as much as 1.2 percent to Rs 332.75 after its profit declined in December quarter.
Key earnings highlights:
- Revenue at Rs 21.18 crore versus Rs 21.13 crore (YoY)
- Net profit declines in 29 percent to Rs 1.89 crore versus Rs 2.67 crore (YoY)
U.S. Futures Pause As Europe, Asia Stocks Advance
U.S. stock futures held on to gains and European shares followed Asia higher at the end of a week when sentiment was bolstered by a more dovish tone from the Federal Reserve and hopes for a breakthrough on trade. The dollar slipped and Treasuries climbed.
Aptech Surges On Heavy Volumes
Shares of the Mumbai-based educational services provider rose as much as 11.93 percent, the most in over three weeks, to Rs 204.
Trading volume was over six times its 20-day average, according to data compiled by Bloomberg.
As many as 3.09 lakh shares changed hands on the BSE compared with an average of 51,000 shares traded daily in the past two weeks, according to information on BSE's website.