Sensex Logs Longest Losing Streak Of 2020
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KEY HIGHLIGHTS
Closing Bell: Sensex, Nifty End Lower For Fourth Consecutive Trading Session
Indian equity benchmark S&P BSE Sensex registered its longest losing streak of the year.
The 30-stock ended lower for the fourth consecutive trading session and fell 0.39 percent to close at 40,894.38. The NSE Nifty 50, too, fell for the fourth day in a row and declined 0.44 percent to end at 11,992.50. The broader markets represented by the NSE Nifty 500 Index fell 0.46 percent.
The market breadth was tilted in favour of sellers. About 1,164 stocks declined and 631 shares advanced on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.2 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 1.9 percent.
Fab Four Stocks Of The Day
Huhtamaki PPL
- Shares rose 15.7 percent intraday to Rs 288.80 each.
- Strong Earnings aided by tax-write back.
- Huhtamaki PPL Standalone Q4CY2019
- Revenue up 9.8 percent to Rs 673.2 crore.
- Net profit jumped 3.8 times to Rs 68.2 crore.
- Ebitda rose 1.7 percent to Rs 66.8 crore.
- Margins at 9.9 percent versus 10.7 percent.
- Margins impacted due to higher raw material costs.
- Tax writeback of Rs 32 crore aided profit numbers.
Deepak Nitrite
- The stock jumped 7.6 percent intraday to Rs 491.55 apiece.
- Hits life-time high
- Advances 20 percent In Past 7 trading sessions.
- Volumes up 2 times its 20-day average.
V-Mart Retail
- The stock jumped as much as 4.5 percent to Rs 2,299 each.
- Snaps three-day losing streak.
- Biggest intra-day gain in two weeks.
TV18 Broadcast
- The stock surged to hit an upper circuit of 20 percent at Rs 30.05 each.
- Reliance Industries: TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18 Media & Investments.
Stocks Moving On Heavy Volumes
DEN Networks
- Stock rose as much as 10 percent to Rs 59.55.
- Trading volume was almost 15 times its 20-day average.
Sundaram Fasterners
- Stock fell as much as 3 percent to Rs 445.10.
- Trading volume was more than 15 times its 20-day average.
Mishra Dhatu Nigam
- Stock rose as much as 9.7 percent to Rs 9.7 percent to Rs 237.40.
- Trading volume was more than 10 times its 20-day average.
JSW Energy
- Stock rose as much as 8.3 percent to Rs 68.40.
- Trading volume was almost nine times its 20-day average.
Bharti Infratel Drops The Most In Nearly Seven Years
Shares of Bharti Infratel extended declines for the third consecutive trading session. The stock fell as much as 14.6 percent, the most since July 2013, to Rs 200.70.
Trading volume was more than four times its 20-day average, Bloomberg data showed. Of the shares traded, 35 percent were at the ask price and 50 percent were at the bid.
Market Check: Sensex Falls 300 Points; Nifty Below 11,950
Indian equities extended declines for the third consecutive trading session.
The S&P BSE Sensex fell 0.8 percent to 40,746 after declining as much as 1 percent earlier. The NSE Nifty 50 fell 0.85 percent to 11,943.20 after falling as much as 1.1 percent earlier. The broader markets represented by the NSE Nifty 500 Index fell 0.91 percent.
Global Markets Update: Stocks, Bond Yields Decline After Apple Warning
U.S. and European futures fell with Asian stocks and bond yields after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.
- Nasdaq 100 futures were down 0.8 percent compared with Friday’s close, as of 7:15 a.m. London time. Futures on the S&P 500 Index were down 0.4 percent.
- Topix index fell 1.3 percent at the close.
- Australia’s S&P/ASX 200 Index fell 0.2 percent.
- Kospi index fell 1.5 percent.
- Shanghai Composite Index rose 0.1 percent.
- Hang Seng Index fell 1.4 percent.
- Euro Stoxx 50 futures dropped 0.7 percent.
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Source: Bloomberg
