Fresh selling pulled the key indices to hit intraday low in afternoon trade. At 13:27 IST, the barometer index, the S&P BSE Sensex, was down 191.77 points or 0.53% at 35,914.73. The Nifty 50 index was down 53.85 points or 0.5% at 10,767.75. The Sensex was trading below 36,000 mark.
The indices opened higher and hit fresh intraday higher in early deals. Indices sharply pared gains in morning trade. The market reversed trend and turned negative in mid-morning trade. Indices hit fresh intraday low in early afternoon trade.
Among secondary barometers, the BSE Mid-Cap index was down 0.27%. The BSE Small-Cap index was down 0.23%.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1005 shares rose and 1361 shares fell. A total of 176 shares were unchanged.
IndusInd Bank (down 2.44%), Tata Motors (down 2.32%), L&T (down 1.83%), Power Grid Corporation of India (down 1.17%) and Bharti Airtel (down 1.16%) edged lower from the Sensex pack.
ITC (up 1.59%), Vedanta (up 0.85%) and ONGC (up 0.59%) edged higher from the Sensex pack.
More From This Section
TCS lost 2.6%. The company's consolidated net profit rose 2.58% to Rs 8105 crore on 2.43% rise in total income to Rs 38501 crore in Q3 December 2018 over Q2 September 2018. The result was announced after market hours yesterday, 10 January 2019.
Commenting on the Q3 performance, Rajesh Gopinathan, Chief Executive Officer and Managing Director, said the strong client metrics, industry leading growth in digital services, a very strong order book and deal pipeline are all validations that customers recognize the company's differentiated capabilities and are picking it for their growth and transformation programs.
Infosys was down 0.73%. The company announces its Q3 December 2018 results today, 11 January 2019. The company announced on 8 January 2019 that its board will consider proposals, including but not limited to, buyback of fully paid-up equity shares of the company, payment of special dividend, for implementation of the Capital Allocation Policy at its meeting to be held on 11 January 2019. The outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the board meeting on 11 January 2019.
Overseas, Asian stocks were trading higher on Friday, amid improved investor sentiment following overnight gains on Wall Street.
US stock markets logged a fifth straight advance on Thursday, representing the longest such win streaks for the Dow and S&P 500 of the past few months. Investors responded to comments by Federal Reserve Chairman Jerome Powell. At the Economic Club of Washington, Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes. He added that the Fed's balance sheet would be "substantially smaller".
Powered by Capital Market - Live News