A man monitors stock movements on his mobile phone at a securities brokerage in Beijing, China. (Photographer: Qilai Shen/Bloomberg)

Sensex, Nifty Halt Three-Day Record Closing Streak

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Sensex, Nifty Halt Three-Day Record Closing Streak

Indian equity benchmarks ended lower, halted their three-day record closing streak.

The S&P BSE Sensex closed 248 points or 0.62 percent lower at 39,502 and the NSE Nifty 50 ended at 11,861.10, down 0.57 percent. The broader market index represented by the NSE Nifty 500 Index ended 0.59 percent lower.

The market breadth was tilted in favour of sellers. About 1,082 stocks declined and 660 shares advanced on National Stock exchange.

Ten out of 11 sectoral gauges ended lower, led by the NSE Nifty PSU Bank Index’s 2.8 percent fall. On the flipside, the NSE Nifty IT Index was the only sectoral gainer, up 0.66 percent.

Stocks Moving On Heavy Volumes

Galaxy Surfactants

  • Stock rose as much as 13.1 percent to Rs 1,237.95.
  • Trading volume was almost 40 times its 20-day average.

ISGEC Heavy Engineering

  • Stock rose as much as 4.7 percent to Rs 544.
  • Trading volume was more than 13 times its 20-day average.

3M India

  • Stock fell as much as 8.4 percent to Rs 21,910.
  • Trading volume was almost 11 times its 20-day average.

IRCON International

  • Stock fell as much as 8.8 percent to Rs 390.05.
  • Trading volume was more than six times its 20-day average.

RITES

  • Stock rose as much as 2.78 percent to Rs 280.80.
  • Trading volume was more than nine times its 20-day average.

Market Check: Sensex Falls Nearly 300 Points; Nifty Below 11,900

Indian equity benchmarks traded at day’s low. Sensex fell nearly 300 points and Nifty traded below 11,900.

Sensex, Nifty Halt Three-Day Record Closing Streak

Adani Enterprises Swings After Q4 Results

Shares of Adani Enterprises fluctuated between gains and losses to trade 1.3 percent lower at 154.90 after announcing its fourth quarter results.

Key Earnings Highlights (Q4, YoY)

  • Revenue up 35.5 percent to Rs 13,236.62 crore.
  • Net Profit up 51 percent to Rs 283.44 crore.
  • Ebitda up 8 percent to Rs 706.96 crore.
  • Margin 5.3 percent versus 6.7 percent

Cadila Healthcare Q4 Profit Drops 22%

Shares of Cadila Healthcare rose as much as 3.5 percent to Rs 267.40 after the company announced its March quarter results.

Key Earnings Highlights (Q4, YoY)

  • Revenue up 15.3 percent to Rs 3,732.8 crore.
  • Net Profit down 22 percent to Rs 460 crore.
  • Ebitda down 17 percent to Rs 590.79 crore.
  • Margin 15.8 percent versus 22 percent.