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Last Hour Rally Helps Sensex, Nifty Extend Gains For Third Day

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Closing Bell: Sensex Nifty End Higher For Third Consecutive Day

Indian equity benchmarks rallied in the last hour after a topsy-turvy trade and extended gains for the third day.

The S&P BSE Sensex Index jumped over 350 points from day's low to end at 36,582.74 and the NSE Nifty 50 Index ended at 10,912.25, up 0.17 percent. The broader market index, however, ended lower, as the NSE Nifty 500 Index declined 0.16 percent.

The market breadth, too, remained tilted in favour of sellers. About 1,298 stocks declined and 483 shares advanced on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Pharma index's 1.76 percent decline. On the flipside, the NSE Nifty Private Bank Index was the top sectoral gainer, up 0.38 percent.

Last Hour Rally Helps Sensex, Nifty Extend Gains For Third Day

Whirlpool Of India Q3 Margin Contracts, Shares Fall

Whirlpool Of India Ltd’s margin contracted to 8.1 percent in the three months ended December from 9.3 percent clocked during the year-ago period, according to its stock exchange filing. The stock fell as much as 2.5 percent to Rs 1,500.65.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 26.5 percent at Rs 1,211.5 crore.
  • Net profit up 14.1 percent at Rs 60.6 crore.
  • Ebitda up 10.5 percent at Rs 98.5 crore.
  • Margin at 8.1 percent versus 9.3 percent.

Stocks Moving On Heavy Volumes

Bajaj Holdings & Investment

  • Stock rose as much as 6.4 percent to Rs 3,050.
  • Trading volume was almost 40 times its 20-day average.

Future Consumer

  • Stock rose as much as 7.6 percent to Rs 46.85.
  • Trading volume was almost quadruple its 20-day average.

Aarti Industries

  • Stock rose as much as 5.3 percent to Rs 1,719.50.
  • Trading volume was almost quadruple its 20-day average.

IIFL Holdings

  • Stock fell as much as 11.2 percent to Rs 372.25.
  • Trading volume was more than double its 20-day average.

Exide Industries Swing After Q3 Results Announcement

Shares of Exide Industries fluctuated between gains and losses to trade a little changed at Rs 226.80 after announcing its December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 9 percent at Rs 2,497 crore.
  • Net profit up 0.6 percent at Rs 155 crore.
  • Ebitda up 6 percent at Rs 310 crore.
  • Margin at 12.4 percent versus 12.8 percent.

Welspun India Q3 Profit Declines 39%, Shares Fall

Welspun India Ltd.’s quarterly profit in the three months ended December fell 39 percent on a yearly basis to Rs 47.11 crore. The stock fell as much as 1.9 percent to Rs 58.25 after the results announcement.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 17.3 percent at Rs 1,640.33 crore.
  • Net Profit down 39 percent at Rs 47.11 crore.
  • Ebitda down 7 percent at Rs 233.51 crore.
  • Margin at 14.2 percent versus 18.1 percent.