Sensex, Nifty Halt Four-Day Record Closing Streak

Indian equity benchmarks slipped marginally, halting a four-day record closing streak as crude oil continues to gain above two-year high, ahead of the third quarter earnings season.

The S&P BSE Sensex Index was a little changed at 34,433.07, while the NSE Nifty 50 Index was also a little changed at 10,632.20.

The market breadth was tilted in favour of sellers. Thirteen out of 19 sector gauges compiled by BSE closed lower led by the S&P BSE Auto Index’s 0.7 percent decline. On the other hand, the S&P BSE Information Technology Index was the top sectoral gainer, up 1.8 percent.

Infinite Computer Solutions

• Stock rose as much as 15.7 percent to Rs 385.90.
• Trading volume was 25.2 times its 20-day average.

Astec Lifesciences

• Stock rose as much as 13.5 percent to Rs 624.90.
• Trading volume was 26.2 times its 20-day average.

Tinplate Co of India

• Stock rose as much as 18.9 percent to Rs 319.45.
• Trading volume was 19.9 times its 20-day average.

Tata Metaliks

• Stock rose as much as 14.2 percent to Rs 975.50.
• Trading volume was 17 times its 20-day average.

Tata Sponge Iron

• Stock rose as much as 15.3 percent to Rs 1,234.
• Trading volume was 12.2 times its 20-day average.

Shares of the drug maker rose as much as 1.1 percent to Rs 933, the highest in two months.

The pharmaceutical company received a green signal from the U.S. drug regulator for generic Tamiflu Capsules, according to its stock exchange notification.

The Relative Strength Index was 73, indicating that the stock may be overbought. Lupin trades at 16.3 times trailing 12- month earnings per share and 24 times its estimates for the coming year.