Sensex, Nifty Resume Drop After One-Day Breather
Closing Bell: Sensex, Nifty Resume Drop After One-Day Breather
Indian equity benchmarks resumed declines after a one-day breather.
The S&P BSE Sensex ended 203 points or 0.55 percent lower at 37,114.88 after a volatile trade and the NSE Nifty 50 ended at 11,157, down 0.58 percent. The broader market index represented by the NSE Nifty 500 Index ended 0.57 percent lower.
The market breadth was tilted in favour of sellers. About 1,084 stocks fell and 659 shares advanced on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE declined, led by the NSE Nifty Metal Index’s 2.1 percent fall. On the flipside, the NSE Nifty Realty Index was the top sectoral gainer, up 0.32 percent.
Lupin Falls After Q4 Results Announcement
Shares of Lupin fell as much as 2.9 percent to Rs 786.30 after announcing its March quarter results.
Key Earnings Highlights (Q4, YoY)
- Revenue up 9 percent to Rs 4,406 crore.
- Net profit at Rs 289 crore versus loss of Rs 783 crore.
- Ebitda up 23 percent to Rs 872 crore.
- Margin at 19.8 percent versus 17.6 percent.
Zee Entertainment Recovers From 10% Drop
Shares of Zee Entertainment Enterprises Ltd. recovered after falling 10 percent intraday. The stock is currently trading 4.5 percent lower.
The company clarified in a statement that the rumours pertaining to the resignation of one of its Board of Directors, are ‘completely baseless’ and ‘not true’.
Trading volume was almost quadruple its 20-day average, Bloomberg data showed.
Block Deal Alert: Time Technoplast
About 20 lakh shares of Time Technoplast changed hands in two block deals, Bloomberg data showed. Buyers and sellers were not known immediately.
NSE Penalises More Than 250 Firms For Non-Compliance With Listing Regulations
The National Stock Exchange imposed penalty and issued notices to more than 250 companies for non-compliance with certain provisions of SEBI, according to its statement.
The companies include Adani Ports & Special Economic Zone Ltd., Bharat Petroleum Corporation Ltd., Bharti Infratel Ltd., InterGlobe Aviation Ltd., Manappuram Finance Ltd. among others.