Sensex, Nifty End Volatile Session Higher Ahead Of Election Results
Closing Bell: Sensex, Nifty End Volatile Session Higher Ahead Of Election Results
Indian equity benchmarks ended high after a topsy-turvy trade ahead of election results scheduled to be announced tomorrow.
The S&P BSE Sensex ended 140 points or 0.36 percent higher at 39,110.21 and the NSE Nifty 50 edned at 11,737.90, up 0.25 percent. The broader market index represented by the NSE Nifty 500 Index closed 0.2 percent higher.
The market breadth was tilted in favour of buyers. About 969 stocks advanced and 770 shares declined on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Private Bank Index’s 0.8 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.95 percent.
Block Deal Alert: Vodafone Idea
About 56 lakh shares changed hands in Vodafone Idea in three block deals, Bloomberg data showed. Buyers and sellers were not known immediately.
DHFL Recovers From 18% Slump
Shares of DHFL traded 8.8 percent lower at Rs 118.40. The stock fell as much as 18 percent during the opening trade.
Trading in the company's call options totaled 12,445 contracts, compared with the average of 3,818 over the past 20 days, according to Bloomberg data. Trading in the company's put options totaled 8,089 contracts, compared with the average of 2,206 over the same period
Market Check: Sensex, Nifty At Day’s High
Indian equity benchmarks were trading at day’s high. The S&P BSE Sensex rose over 250 points and the NSE Nifty 50 traded near 11,800.
Symphony Swings On Share Buyback Plans
Shares of Symphony fluctuated between gains and losses to trade a little changed at Rs 1,192.60.
The company plans to repurchase shares worth Rs 165 crore by March 2020, according to its stock exchange filing.
The stock traded at 58 times its estimated earnings per share for the coming year, Bloomberg data showed. The scrip declined 16 percent in the past 12 months compared to a gain of 13 percent in the Sensex.