MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%
The S&P BSE Sensex ended just 13 points higher at 36,387, while NSE's Nifty50 index held the crucial 10,900 level to close at 10,907, up 2 points.
 "Markets, Stocks, BSE, NSE, SENSEX")
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Continuing with their lacklustre performance for the third straight day, the equity benchmark indices settled on a flat note on Friday. While the day witnessed solid buying in bluechips such as Reliance Industries (RIL), HCL Tech, HDFC Bank and TCS, the gains in the index were capped by drubbing in counters including Sun Pharma, Bharti Airtel and L&T.
The S&P BSE Sensex ended just 13 points higher at 36,387, while NSE's Nifty50 index held the crucial 10,900 level to close at 10,907, up 2 points.
On the weekly basis, both the indices ended 1 per cent higher.
Sectorally, barring IT, all other indices ended in the red with the pharma stocks bleeding the most. The Nifty Pharma pack lost nearly 3 per cent to end the day at 8,690.
BUZZING STOCK
Sectorally, barring IT, all other indices ended in the red with the pharma stocks bleeding the most. The Nifty Pharma pack lost nearly 3 per cent to end the day at 8,690.
BUZZING STOCK
Shares of pharma bellwether Sun Pharma crashed to their six year- low of Rs 375.40 apiece in the early trade on Friday after news reports suggested fresh whistleblower documents were sent to Sebi. The stock plunged as much as 12 per cent on BSE. The company, however, in a BSE filing clarified that it was not privy to the news reported by MoneyLife. The stock, eventually, ended nearly 9 per cent lower at Rs 390.75.
Shares of Reliance Industries closed over 4 per cent higher at Rs 1,183 apieceon the BSE after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter (Q3FY19). RIL became the first Indian private sector company to cross Rs 10,000 crore quarterly profits milestone. The company had a profit of Rs 9,420 crore in the year-ago quarter.
In the broader market, the S&P BSE MidCap index closed trading 119 points or 0.79 per cent lower at 15,023 levels, while the S&P BSE Smallcap index ended 107 points or nearly 1 per cent lower at 14,505.
Shares of Reliance Industries closed over 4 per cent higher at Rs 1,183 apieceon the BSE after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter (Q3FY19). RIL became the first Indian private sector company to cross Rs 10,000 crore quarterly profits milestone. The company had a profit of Rs 9,420 crore in the year-ago quarter.
In the broader market, the S&P BSE MidCap index closed trading 119 points or 0.79 per cent lower at 15,023 levels, while the S&P BSE Smallcap index ended 107 points or nearly 1 per cent lower at 14,505.
GLOBAL MARKETS
Asian stocks rose across the board on Friday as a report of progress in US-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.55 per cent. The index has gained 1.3 per cent this week. The Shanghai Composite Index was up 1 per cent. Australian stocks rose 0.5 per cent, South Korea's KOSPI advanced 0.6 per cent while Japan's Nikkei gained more than 1 per cent to a one-month high.
(with Reuters inputs)
3:38 PM
NSE sectoral gainers and losers of the day
3:35 PM
Gainers and losers of the day on BSE Sensex
3:32 PM
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Market at close
The S&P BSE Sensex ended at 36,387, up 13 points or 0.03 per cent, while the broader Nifty50 index settled at 10,907, up 2 points or 0.02 per cent.
3:17 PM
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Reliance to invest Rs 3 trillion in next 10 years in Gujarat: Mukesh Ambani
India's richest person Mukesh Ambani Friday committed to investing Rs 3 trillion in various projects in the next 10 years in Gujarat, that may range from energy and petrochemical to new technology and digital business.
Ambani's Reliance Industries operates the world's largest oil refining complex at Jamnagar in Gujarat as well as petrochemical units at multiple locations in the state. READ MORE
2:54 PM
Top gainers and losers on S&P BSE Sensex
2:37 PM![]()
Top losers on BSE500
» More on Top Losers
| COMPANY |
PRICE( ) |
CHG() | CHG(%) | VOLUME |
| LINDE INDIA | 620.80 | -146.15 | -19.06 | 175684 |
| SPARC | 145.95 | -26.05 | -15.15 | 709766 |
| SUN PHARMA.INDS. | 379.40 | -47.75 | -11.18 | 4672480 |
| PHILLIPS CARBON | 184.90 | -22.80 | -10.98 | 588832 |
| SUN TV NETWORK | 524.35 | -41.60 | -7.35 | 262072 |
2:21 PM
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Sun TV Network, Ashok Leyland, Nilkamal, SPARC hit 52-week lows
Shares of Sun TV Network, Ashok Leyland, Force Motors, Deepak Fertilisers and Chemicals, Sun Pharmaceutical Industries, Sun Pharma Advanced Research (SPARC), Nilkamal and Jamana Auto Industries were among eight stocks from the S&P BSE 500 index hit their respective 52-week lows on the BSE on Friday.
Shares of Sun TV Network hit a two-year low of Rs 514, down 9 per cent on the BSE, on back of heavy volumes. The stock of broadcasting & cable TV operator was trading at its lowest level since January 3, 2017. Read more
2:09 PM![]()
Market check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 36,350.94 | -23.14 | -0.06 |
| S&P BSE SENSEX 50 | 11,398.82 | -10.04 | -0.09 |
| S&P BSE SENSEX Next 50 | 32,447.89 | -230.96 | -0.71 |
| S&P BSE 100 | 11,160.99 | -19.61 | -0.18 |
| S&P BSE Bharat 22 Index | 3,444.49 | -24.92 | -0.72 |
1:57 PM![]()
NEWS ALERT | L&T Infotech Q3 net profit at Rs 375.5 crore
1:55 PM![]()
NEWS ALERT | NIIT Tech Q3 consolidated net profit at Rs 100.2 cr
1:48 PM
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PREVIEW Wipro Q3: Revenue in CC terms may grow 2% QoQ; deal wins, digital biz eyed
IT firm Wipro is scheduled to release its financial results for October-December period of FY19 today. This quarterly earnings report of the company will be keenly watched for growth rates in Energy and Utilities, acceleration in Banking, financial services and insurance (BFSI), participation in large deals and digital growth rates.
The company will also consider a proposal for issuing bonus shares to shareholders in its board meeting today. READ MORE
Wipro
1:30 PM![]()
NEWS ALERT Dhanlaxmi Bank Q3 results
Net Profit of Rs 16.9 crore (Q3FY19) vs loss of Rs 21.74 crores (Q3FY18)
Net Profit of Rs 16.9 crore (Q3FY19) vs loss of Rs 21.74 crores (Q3FY18)
1:18 PM
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Foreign buying of emerging Asian bonds in 2018 fell sharply
Foreign purchases of bonds issued in five Asian markets in 2018 fell sharply from the previous year, data shows, as the Sino-U.S. trade war and higher U.S. yields prompted many investors to shy away from riskier assets.
Data from central banks and bond market associations showed overseas investors bought a net $10.02 billion in Indonesian, Thai, South Korean, Indian and Malaysian bonds in 2018, compared with $49 billion in 2017. READ MORE
1:01 PM
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Higher margin norms likely to affect derivatives segment volumes
In what may impact volumes and reduce leverage in the market, brokers will collect much higher margins from clients trading in the derivatives segment from Monday.
Over the past few months, the Securities and Exchange Board of India (Sebi) has raised the margin requirement thrice, effectively increasing it by 40-50 per cent. Options writers, especially those writing out of the money options, and arbitrageurs, who attempt to profit from price inefficiencies, will be hit the most. READ MORE
12:47 PM
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Telecom stocks under pressure: Bharti Airtel, Vodafone India fall up to 7%
Shares of telecom services provider Bharti Airtel and Vodafone Idea have fallen by up to 7 per cent on BSE in the intra-day trade. Bharti Airtel has dipped 7 per cent to Rs 310 on the BSE. Vodafone Idea slipped 6 per cent to Rs 34.60, trading close to its 52-week low of Rs 32.10 on December 12, 2018, on BSE in the intra-day trade. In comparison, the S&P BSE Sensex was down 0.16 per cent at 36,316 points at 11:57 am. READ MORE
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First Published: Jan 18 2019 | 8:15 AM IST
