Sensex, Nifty End Volatile 2018 On A Tepid Note
Closing Bell: Nifty Gains For A Fourth Straight Session Led By Metals
Indian equity benchmarks were little changed on last trading session of 2018 as gains in Tata Steel, Vedanta and Infosys were offset by losses in HDFC, Axis Bank, Maruti Suzuki and Reliance Industries.
The S&P BSE Sensex declined 8 points or 0.02 percent to 36,068 and the NSE Nifty 50 Index rose 3 points or 0.02 percent to 10,863.
Fifteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Metal Index's 1.4 percent gain. On the flipside, S&P BSE Telecom Index was top loser, down 0.80 percent.
The mid- and small-cap shares outperformed their larger peers as the S&P BSE MidCap Index rose 0.51 percent and the S&P BSE SmallCap Index climbed 0.70 percent.
Liquor Stocks Surge Ahead Of New Year Celebrations
Shares of liquor manufacturers rose ahead of new year celebrations on last trading session of the calendar year.
Hindustan Construction Company Surges Most In Over Four Months
Shares of the Mumbai-based construction company rose as much as 19.63 percent, the most since Aug. 20, to Rs 13.10.
Trading volume was more than 12 times its 20-day average, according to data compiled by Bloomberg.
Over 1.32 crore shares changed hands on the BSE compared with an average of 5.46 lakh shares traded daily in the past two weeks, according to information on BSE's website.
ITDC, Pfizer Among Stocks Moving On Heavy Volumes
- India Tourism Development Corporation: The Delhi-based tourism infrastructure developer rose as much as 12 percent, the most in over three months, to Rs 341.30. Trading volume was 30 times its 20-day average.
- Pfizer: The Mumbai-based healthcare company fell as much as 1.26 percent to Rs 2,761. Trading volume was more than nine times its 20-day average.
- Gujarat Gas: The Ahmedabad-based city gas distributor rose as much as 2.37 percent to Rs 679.75. Trading volume was more than 17 times its 20-day average.
- Brigade Enterprises: The Bengaluru-based real estate developer fell as much as 0.97 percent to Rs 218.50. Trading volume was five times its 20-day average.
Mid- And Small-Cap Stocks Outperform Larger Peers In A Subdued Session
Mid- and small-cap shares outperforming their larger peers as the S&P BSE MidCap and S&P BSE SmallCap Indices rose over 0.5 percent each.
Gains in the mid-cap space were led by KIOCL, Jindal Steel, Dewan Housing Finance and Container Corp.
While Dredging Corp, Butterfly Gandhimathi, Menon Bearings and MTNL were among top gainers in the small-cap space.