| The Bombay Stock Exchange's 30-share Sensex ended at 14131.34, up 16.61 points, or 0.1 per cent, from Tuesday. |
| The National Stock Exchange's 50-share Nifty ended at 4076.35, down 4.15 points, or 0.1 per cent. |
| The BSE IT index was down 0.2 per cent, metal index was down 0.2 per cent and automobile was down 0.3 per cent as investors booked profits made in previous sessions. |
| After touching an intraday high of Rs 652.10 on better-than-expected results, Wipro ended 1 per cent down at Rs 632 on profit sales. |
| The company today reported consolidated net profit of Rs 765 crore for Oct-Dec, up 40.8 per cent on year as against analysts estimate of Rs 714 crore. |
| The automobile index fell after closing 0.8 per cent up on Tuesday and Mahindra and Mahindra was one of the top losers on Nifty at Rs 965, down 2.15 per cent from Tuesday. The BSE bank index, the best performer among sector indices, was up 1.17 per cent. |
| "The UTI Bank and HDFC Bank results were better than market expectations, so now people are hopeful that other banks would also post robust earnings. Bank stocks are have also reacted positively to the news that SLR (statutory liquidity ratio) floor may be removed," Rajesh Malhani, senior research analyst at Prabhudas Lilladhur brokerage said. |
| The ordinance on removing the floor on SLR is likely to be promulgated by end-January. However, Malhani said that UTI Bank, Yes Bank, HDFC Bank and Centurion Bank appear expensive at current levels. |
| Turnover on both the exchanges was approximately Rs 13,700 crore, as against Rs 12,300 crore on Tuesday. Falling crude prices boosted stocks of oil retail companies on hopes that their profit margins would improve. |
| HPCL closed at Rs 314.15, up 5 per cent while Bharat Petroleum closed at Rs 359.95, up 4 per cent from Tuesday. Crude oil futures fell to its 19-month low today. Impact of falling crude prices also boosted prices of aviation shares. |
Top Section
Explore Business Standard