Stock Market Today: Sensex, Nifty End Lower After Last Hour Sell-Off Led By RIL, Bajaj Twins, Airtel
Get all live updates on India's stock markets here on Feb. 5.
KEY HIGHLIGHTS
Yield On The 10-Year Bond Ends higher
The yield on the 10-year bond closed 4 bps higher at 7.10% on Monday.
Source: Bloomberg
Rupee Weakens Against U.S Dollar
-The local currency weakened 13 paise to close at Rs 83.06 against the U.S dollar.
-It closed at 82.93 on Friday
Source: Bloomberg
Sensex, Nifty End Lower After Last Hour Sell-Off Led By RIL, Bajaj Twins, Airtel: Closing Bell
A sell-off in the last hour of Monday's trade made the equity benchmarks give up their gains and close lower. Shares of heavyweight Reliance contributed the most to today's fall in the 50-stock index.
The Nifty lost 0.38% or 82.10 points to end at 21,771.70 points while the Sensex ended 0.49% or 354.21points lower at 71,731.42 . Intraday, the Nifty gained as much as 0.51% and the Sensex gained 0.42%.
The zone of 21,640-21,700 will act as a strong support zone while the upside seems to be capped at 21,960. It is too premature to say that if the Index violates the support zone then the ongoing correction may extend to 21,350 to form a Bullish Cypher pattern, said Aditya Gaggar, director of Progressive Shares.
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and UPL Ltd. dragged the Nifty 50 lower.
Meanwhile, those of Tata Motors Ltd., Sun Pharmaceutical Industries Ltd., Coal India Ltd., Mahindra & Mahindra Ltd., and Power Grid Corp. Of India Ltd. cushioned the fall.
Sectoral indices ended on a mixed note Nifty Energy, Nifty Auto, Nifty Oil & Gas, and Nifty Pharma gaining over 1%. Nifty FMCG fell the most.
Broader markets ended lower on Monday. The S&P BSE Midcap settled 0.20% lower, and S&P BSE Smallcap index fell 0.16%.
On BSE, 12 sectors out of 20 declined while eight rose. The S&P BSE Telecommunication declined the most among sectoral indices.
Market breadth was skewed in favour of sellers, Around 2,129 stocks fell, 1,820 stocks rose, and 148 remained unchanged on BSE.
Cholamandalam Financial Q3 Results Key Highlights (Consolidated, YoY)
Net profit rose 42.6% to Rs 1,027 crore from Rs 720.2 crore
Total income rose 43.2% to Rs 6,842 crore Rs 4,777 crore
Vijaya Diagnostic Centre Q3 Results Key Highlights (Consolidated, YoY)
Revenue rose 17.3% to Rs 132.7 crore from Rs 113.1 crore
Ebitda rose 18.2% to Rs 52.31 crore from Rs 44.26 crore
Margin rose 28 bps to 39.4% from 39.1%
Net profit rose 58% at Rs 26 crore from Rs 16.46 crore
