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Indian equities halted a four-day gaining streak, led by the declines in Reliance Industries Ltd. and HDFC Ltd.
The S&P BSE Sensex fell 0.4 percent to close at 41,141.85 and the NSE Nifty 50 fell 0.33 percent to end at 12,098.35. The broader markets represented by the NSE Nifty 500 Index fell 0.03 percent.
The market breadth was tilted in favour of buyers. About 905 stocks advanced and 867 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Realty Index’s 1.8 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 1.95 percent.
Varun Beverages
Symphony
Aurobindo Pharma
Trent
Aavas Financiers
Welspun India
Corp Bank
Trent
Timken (Q3, YoY)
Procter & Gamble Health (Q3, YoY)
Abbott India (Q3, YoY)
Alkem Labs (Q3, YoY)
Symphony (Q3, YoY)
Shares of Inox Leisure rose as much as 2.9 percent to Rs 424.90 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
Indian equities declined after fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex fell 0.5 percent to 41,114 and the NSE Nifty 50 fell 0.45 percent to 12,084. The broader markets represented by the NSE Nifty 500 Index fell 0.19 percent.
Shares of Voltas fluctuated between gains and losses to trade little changed at Rs 685 after announcing December quarter results.
Key Earnings Highlights (Q3, YoY)
Shares of Varun Beverages halted a two-day losing streak. The stock rose as much as 8.9 percent to Rs 845.50.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The scrip was the second-best performer on the NSE Nifty 500 Index. Varun Beverage traded at 54 times its estimated earnings per share for the coming year, according to Bloomberg data.
About 37.7 lakh shares of Aavas Financiers changed hands in a large trade, Bloomberg showed. Buyers and sellers were not known immediately.
Indian equities declined after fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex fell 0.2 percent to 41,213 and the NSE Nifty 50 fell 0.22 percent to 12,111. The broader markets represented by the NSE Nifty 500 Index fell 0.05 percent.
Nifty’s 12,100 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Feb. 13, rose 32.19 percent to Rs 88.50. About 5.01 lakh shares were added to the open interest which stood at over 16.94 lakh shares.
Hero MotoCorp (Q3, YoY)
Metropolis Healthcare (Q3, YoY)
NMDC (Q3, YoY)
Aurobindo Pharma (Q3, YoY)
Indraprastha Gas (Q3, YoY)
Dalmia Bharat (Q3, YoY)
Johnson Controls - Hitachi Air Conditioning (Q4, YoY)
GSK Consumer Healthcare (Q3, YoY)
Trent (Q3, YoY)
Bata India (Q3, YoY)
Mphasis (Q3, QoQ)
United Breweries (Q3, YoY)
Shares of ICICI Bank fell as much as 1 percent to Rs 536.10.
About 40.5 lakh shares of the lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock traded at 30 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Lakshmi Vilas Bank extended gains for the second consecutive trading session. The stock rose as much as 9.7 percent, the most since June 24, 2019, to Rs 16.40.
“The top executives of the lender submitted a list of potential investors to the Reserve Bank of India on Wednesday. The list included Singapore-based DBS Bank and Capri Global,” Business Standard reported quoting sources.
Trading volume was more than 80 times its 20-day average, Bloomberg data showed. The scrip gained 10 percent in the past five days and 1.9 percent in the past 30 days.
Shares of Adani Enterprises extended gains for the fourth consecutive trading session. The stock rose as much as 0.4 percent to Rs 237.50.
The company’s arm signed a memorandum of understanding with Airbus to explore opportunities for collaboration in the area of aircraft services for the Indian and South Asian markets.
The scrip advanced 7.2 percent in four trading sessions. Adani Enterprises returned 13.5 percent so far this year and 91.3 percent in the past 12 months, Bloomberg data showed.
Shares of Bharti Airtel fluctuated between gains and losses to trade 0.5 percent lower at 544.15.
The Department of Telecommunications approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel. The approval was received after over two years of the announcement.
In October 2017, the Tata group had announced that it would sell its consumer mobile business to Bharti Airtel on a debt-free, cash-free basis, except for it assuming a fraction of the unpaid spectrum fees that the Tata group owes to the DoT.
The Relative Strength Index was above 70, indicating that the stock may be overbought, Bloomberg data showed.
Indian equities fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,249 and 12,116 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded flat.
The market breadth was tilted in favour of buyers. About 838 stocks advanced and 578 shares declined on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Realty Index’s 0.8 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.8 percent.
Indian equities are set for a tepid start.
The S&P BSE Sensex rose 0.32 percent to 41,444 during the pre-market trade and the NSE Nifty 50 traded little changed at 12,146.
Metropolis Healthcare (Q3, YoY)
NMDC (Q3, YoY)
Aurobindo Pharma (Q3, YoY)
Indraprastha Gas (Q3, YoY)
Dalmia Bharat (Q3, YoY)
Johnson Controls - Hitachi Air Conditioning (Q4, YoY)
GSK Consumer Healthcare (Q3, YoY)
Trent (Q3, YoY)
Bata India (Q3, YoY)
MphasiS (Q3, QoQ)
United Breweries (Q3, YoY)
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