Weaknessin the Indian equities continued for the third straight day on Wednesday amid volatility in the global markets. Additionally, mixed December quarter results, too, kept investment sentiment at bay.
The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank. At close, ONGC, NTPC, and Maruti Suzuki, down between 2 and 5 per cent, were the top drags on the Sensex, while Nestle India, TCS, and Infosys were the top gainers.
On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent. Sectorally, Nifty IT index settled in the green for the second straight say, up nearly a per cent on the NSE. On the downside, Nifty Metal and Private Bank indices closed 1.6 and 1 per cent lower, respectively.
The broader markets settled with marginal cuts on Wednesday, but outperformed the frontline indices for the second straight day. The S&P BSE mid-cap index erased 0.35 per cent to close at 15,529.91, while the S&P BSE small-cap index ended at 14,631.69 level, down 0.14 per cent.
GLOBAL MARKETS
Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism.
The MSCI index of Asia-Pacific shares outside Japan rose 0.71 per cent, recouping almost half Tuesday’s drop. Japan’s Nikkei, South Korea’s Kospi index and Hong Kong’s Hang Seng all rose by more than half a percentage point. Australia’s S&P/ASX 200 shrugged off worries to hit a fresh record high. E-mini S&P 500 futures rose 0.5 per cent and EUROSTOXX 50 futures advanced 0.4 per cent.
In Europe, the pan-European STOXX 600 was up 0.2 per cent.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:43 PM
Sectoral trends at NSE at close
03:42 PM
Sensex heatmap at close
03:41 PM
Closing Bell
>> The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank.
>> On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent.
03:26 PM
NEWS ALERT | JLR to cut jobs at UK Halewood plant: Reuters
>> Plant comprises 10% of work
03:21 PM
Asian Paints Q3 net profit grows 20% YoY to Rs 764 crore; revenue rises 3%
Profit before tax (PBT) of the company increased by 8.4 per cent to Rs 1,057.28 crore from 975.01 crore in the year-ago period.
Basic and diluted earnings per share (EPS) came in at Rs 7.97 against Rs 6.63 in the year-ago quarter. READ MORE
03:12 PM
NEWS ALERT | Cabinet approves closure of Hindustan Fluorocarbons
03:07 PM
Earnings Alert | SBI Life Q3 results
>> Net profit at Rs 390 crore, up 47.5% YoY
>> Gross Premium income at Rs 11,760, up 28.3% YoY
02:52 PM
Nifty sectoral indices at this hour
02:47 PM
Asian Paints Q3 net profit grows 20% YoY to Rs 764.43 crore
Asian Paints on Wednesday reported a 20 per cent year-on-year (YoY) rise in its consolidated net profit of Rs 764.43 crore for the quarter ended December 31, 2019. Revenue from operations stood at Rs 5,420.28 crore, up around 3 per cent YoY. Total income grew 3.3 per cent YoY to Rs 5,490 crore. READ MORE
Asian Paints: Volumes driven by strong distribution; low-end products
02:41 PM
RESULT UPDATE:: Alembic Pharma Q3 consolidated net profit up 37.9% at Rs 234.2 cr vs 169.8 cr (YoY)
-- Cons revneue up 18.9% at Rs 1209 cr vs 1018.2 cr
The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank. At close, ONGC, NTPC, and Maruti Suzuki, down between 2 and 5 per cent, were the top drags on the Sensex, while Nestle India, TCS, and Infosys were the top gainers.
On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent. Sectorally, Nifty IT index settled in the green for the second straight say, up nearly a per cent on the NSE. On the downside, Nifty Metal and Private Bank indices closed 1.6 and 1 per cent lower, respectively.
The broader markets settled with marginal cuts on Wednesday, but outperformed the frontline indices for the second straight day. The S&P BSE mid-cap index erased 0.35 per cent to close at 15,529.91, while the S&P BSE small-cap index ended at 14,631.69 level, down 0.14 per cent.
GLOBAL MARKETS
Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism.
The MSCI index of Asia-Pacific shares outside Japan rose 0.71 per cent, recouping almost half Tuesday’s drop. Japan’s Nikkei, South Korea’s Kospi index and Hong Kong’s Hang Seng all rose by more than half a percentage point. Australia’s S&P/ASX 200 shrugged off worries to hit a fresh record high. E-mini S&P 500 futures rose 0.5 per cent and EUROSTOXX 50 futures advanced 0.4 per cent.
In Europe, the pan-European STOXX 600 was up 0.2 per cent.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:43 PM
Sectoral trends at NSE at close
03:42 PM
Sensex heatmap at close
03:41 PM
Closing Bell
>> The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank.
>> On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent.
03:26 PM
NEWS ALERT | JLR to cut jobs at UK Halewood plant: Reuters
>> Plant comprises 10% of work
03:21 PM
Asian Paints Q3 net profit grows 20% YoY to Rs 764 crore; revenue rises 3%
Profit before tax (PBT) of the company increased by 8.4 per cent to Rs 1,057.28 crore from 975.01 crore in the year-ago period.
Basic and diluted earnings per share (EPS) came in at Rs 7.97 against Rs 6.63 in the year-ago quarter. READ MORE
03:12 PM
NEWS ALERT | Cabinet approves closure of Hindustan Fluorocarbons
03:07 PM
Earnings Alert | SBI Life Q3 results
>> Net profit at Rs 390 crore, up 47.5% YoY
>> Gross Premium income at Rs 11,760, up 28.3% YoY
02:52 PM
Nifty sectoral indices at this hour
02:47 PM
Asian Paints Q3 net profit grows 20% YoY to Rs 764.43 crore
Asian Paints on Wednesday reported a 20 per cent year-on-year (YoY) rise in its consolidated net profit of Rs 764.43 crore for the quarter ended December 31, 2019. Revenue from operations stood at Rs 5,420.28 crore, up around 3 per cent YoY. Total income grew 3.3 per cent YoY to Rs 5,490 crore. READ MORE
Asian Paints: Volumes driven by strong distribution; low-end products
02:41 PM
RESULT UPDATE:: Alembic Pharma Q3 consolidated net profit up 37.9% at Rs 234.2 cr vs 169.8 cr (YoY)
-- Cons revneue up 18.9% at Rs 1209 cr vs 1018.2 cr
No comments:
Post a Comment