Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Scott Eells/Bloomberg)

Sensex, Nifty Log Worst Weekly Losses In Two Months

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Closing Bell: Sensex, Nifty Register Worst Weekly Losses In Two Months

Indian equity benchmarks clocked their worst weekly losses since May 12.

The S&P BSE Sensex closed 1.9 percent lower this week at 38,736 and the NSE Nifty 50 closed at 11,552, down 2.2 percent. The broader market index represented by the NSE Nifty 500 Index closed 2.1 percent lower during the period.

Today, the 31-share index and the 50-stock gauge closed 0.22 percent lower and 0.26 percent lower respectively. The 500-share index closed 0.1 percent lower.

The market breadth was tilted in favour of buyers. About 883 stocks advanced and 847 shares declined on National Stock Exchange.

Fab Four Stocks Of The Day

GNA Axles

  • Stock rose as much as 19.9 percent to Rs 283.10.
  • Street cheers strong Q1; revenue up 21 percent.

Balrampur Chini Mills

  • Stock rose as much as 8.6 percent to Rs 160.70.
  • Ethanol bikes may get taxi license.

Ambuja Cements

  • Stock rose as much as 2.2 percent to Rs 216.25.
  • BofA Securities upgraded the stock to ‘Buy’ and price target was set at Rs 261

Hathway Cables & Datacom

  • Stock rose as much as 9.2 percent to Rs 25.
  • Gains ahead of March quarter results.

Market Check: Sensex, Nifty Head For Worst Weekly Losses In Two Months

Indian equity benchmarks are headed for their worst weekly loses in two months.

The S&P BSE Sensex fell 1.9 percent so far this week and the NSE Nifty 50 fell over 2 percent during the period.

Today, The 31-share index and the 50-stock index fluctuated between gains and losses to trade 0.3 percent lower at 38,720 and 11,546 respectively.

The market breadth was tilted in favour of buyers. About 895 stocks advanced and 816 shares declined on National Stock Exchange.

IndusInd Bank Swings After Q1 Results Announcement

Shares of IndusInd Bank fluctuated between gains and losses to trade little changed at Rs 1,538 after the lender announced its quarterly results for the three months ended June.

Key Earnings Highlights (Q1)

  • Net interest income at Rs 2,844 crore.
  • Net profit at Rs 1,432 crore.
  • GNPA at 2.15 percent.
  • NNPA at 1.23 percent.

The results are not comparable due to the bank’s merger with Bharat Financial Inclusion.

Market Check: Sensex, Nifty At Day’s High

Indian equity benchmarks were trading at day’s high.

The S&P BSE Sensex rose as much as 199 point or 0.5 percent to 39,021.84 and the NSE Nifty 50 rose as much as 0.49 percent to 11,639.55. The broader market index represented by the NSE Nifty 500 Index rose as much as 0.56 percent.

The market breadth was tilted in favour of buyers. About 976 stocks advanced and 694 shares declined on National Stock Exchange.

Sensex, Nifty Log Worst Weekly Losses In Two Months

Block Deal Alert: Torrent Power

About 16 lakh shares of Torrent Power changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

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