MARKET WRAP: Sensex slips 97 pts, Nifty ends at 10,795; TCS falls over 2%
On a weekly basis, the S&P BSE Sensex rose 0.88 per cent, while Nifty50 rose 0.63 per cent.
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The benchmark indices settled marginally lower on Friday weighed by IT bellwether Tata Consultancy Services (TCS) and select banking and automobile stocks.
The S&P BSE Sensex ended at 36,010, down 97 points or 0.27 per cent, while the broader Nifty50 index ended at 10,795, down 27 points or 0.25 per cent. On a weekly basis, the S&P BSE Sensex rose 0.88 per cent, while Nifty50 rose 0.63 per cent.
In the broader market, the S&P BSE MidCap index ended at 15,177, down 19 points or 0.13 per cent, while S&P BSE SmallCap index slipped 28 points or 0.19 per cent to 14,600.
Buzzing Stocks
The S&P BSE Sensex ended at 36,010, down 97 points or 0.27 per cent, while the broader Nifty50 index ended at 10,795, down 27 points or 0.25 per cent. On a weekly basis, the S&P BSE Sensex rose 0.88 per cent, while Nifty50 rose 0.63 per cent.
In the broader market, the S&P BSE MidCap index ended at 15,177, down 19 points or 0.13 per cent, while S&P BSE SmallCap index slipped 28 points or 0.19 per cent to 14,600.
Buzzing Stocks
Shares of Eveready Industries India (EIIL) jumped 13 per cent to settle at Rs 205 per share on the BSE on reports that promoter BM Khaitan is likely to sell the flagship company, a leader in dry cell batteries and flashlights.
IT bellwether Infosys gained 0.58 per cent to settle at Rs 684 on the BSE ahead of the board meeting today to consider the financial results for the third quarter of the financial year 2018-19 (FY19). Its peer Tata Consultancy Services (TCS) declined 2.45 per cent to Rs 1,842 even as it earned its highest-ever net profit of Rs 8,105 crore in the seasonally weak third quarter (Q3) of 2018-19 (FY19).Fast-moving consumer goods (FMCG) major ITC gained 1.85 per cent to end the day at Rs 295 on the BSE. The stock hit its highest level since October 4, 2018, during the intra-day trade.
Rupee
The rupee traded on a weak note slipping to 70.58 against the dollar on Friday. The domestic unit had settled at 70.41 against the greenback on Thursday.
Global Markets
Asian stocks inched up to five-week highs on Friday, after Fed Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.29 per cent to the highest levels since December 6, while Japan's benchmark Nikkei advanced 0.97 per cent. Shanghai Composite Index initially rose 0.56 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.29 per cent to the highest levels since December 6, while Japan's benchmark Nikkei advanced 0.97 per cent. Shanghai Composite Index initially rose 0.56 per cent.
Oil Prices
Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply.
International Brent crude futures were at $61.59 per barrel at 0555 GMT, down 9 cents, or 0.15 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were 4 cents below their last settlement, at $52.55 per barrel. Brent and WTI are set for their second week of gains, rising nearly 8 per cent and 10 per cent respectively.
(With Reuters input)
3:37 PM
Top sectoral gainers and losers on NSE
3:37 PM
Top gainers and losers on S&P BSE Sensex
3:35 PM
Market at close
The S&P BSE Sensex lost 97 points or 0.27 per cent to end at 36,010 while NSE's Nifty50 index closed below 10,800 level at 10,795, down 27 points or 0.25 per cent.
3:16 PM
Caplin Point Lab hits 11-week high; stock surges 14%
Shares of Caplin Point Laboratories surged to its 11-week high price of Rs 430, up 14 per cent on the BSE on Friday. The stock was trading at its highest level since November 16, 2018.
The pharmaceutical company today announced that the meeting of board of directors of the company is scheduled to be held next Friday, January 18, 2019, to consider and approve the investment by a global financial investor with strong healthcare experience in the wholly-owned subsidiary company, Caplin Steriles. READ MORE
3:14 PM
Gold prices rise as Fed stance weakens dollar
Gold prices climbed on Friday as the dollar retreated on expectations the Federal Reserve may pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the Sino-US trade talks.
Spot gold rose 0.6 per cent to $1,294.01 per ounce, heading for a fourth straight weekly gain. The yellow metal is up 0.7 per cent so far this week.
US gold futures were up 0.5 per cent at $1,294.3 per ounce. READ MORE
3:03 PM
Equinor sets up office in New Delhi to support oil marketing, trading
Norway's Equinor said on Friday it is setting up an office in India's capital New Delhi partly to support its oil marketing and trading activities. The company expects to appoint a country manager for the office soon, Equinor's spokesman said in an e-mail to Reuters. READ MORE
2:51 PM
NEWS ALERT UCO Bank to consider issuing of equity shares worth Rs 3,076 crores via preferential basis to Govt on January 17
2:50 PM
Web Exclusive Infosys to announce Q3 results today: Here's what analysts expect
IT major Infosys will release its financial results for third quarter of FY19 on Friday. While Q3 is seasonally weak for IT companies due to furloughs, healthy deal wins in H1FY19 and increasing contribution from the digital segment are expected to keep revenue growth steady for Infosys and other top IT vendors. Deal ramp ups are likely to support the company's growth.
Infosys, the country's second largest IT services company, will consider share buyback and a special dividend for shareholders as part of its capital allocation policy in the board meeting. Read more
2:45 PM
Oil set for weekly gain on trade talk optimism, OPEC-led supply cuts
Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply. Despite this, markets were held in check by expectations of an economic slowdown in 2019.
Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply. Despite this, markets were held in check by expectations of an economic slowdown in 2019.
International Brent crude futures were at $61.62 per barrel, down 6 cents, or 0.1 percent, from their last close. US West Texas Intermediate (WTI) crude futures were 4 cents above their last settlement, at $52.63 per barrel.
2:31 PM
NEWS ALERT| Bank Of India board approves issuing up to 10 crore new equity shares to employees at Rs 80 per share
2:27 PM
EARNINGS IMPACT
2:25 PM
Top losers on BSE500
» More on Top Losers
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
| APL APOLLO | 1055.70 | -43.65 | -3.97 | 841 |
| GREENPLY INDS. | 138.00 | -5.50 | -3.83 | 4463 |
| SREI INFRA. FIN. | 34.45 | -1.30 | -3.64 | 175056 |
| INTERGLOBE AVIAT | 1057.70 | -39.45 | -3.60 | 24946 |
| SOBHA | 459.00 | -16.85 | -3.54 | 6807 |
2:18 PM
NEWS ALERT| Karnataka Bank Q3FY19: PAT at Rs 140 cr vs Rs 87.4 cr YoY
2:13 PM
Web Exclusive Nifty, Sensex set for 10% rally? Tech charts suggest so
The current market scenario indicates that soon benchmark indices Nifty50 and BSE Sensex will witness crossover of three moving averages (in a closer distance) - 50-day moving average (DMA), 100-DMA and 200-DMA on the daily chart. The same scenario has been witnessed four times in the entire history of both the indices. The said convergence indicates a strong rally of around 10 per cent as per the table mentioned below. Read more
The current market scenario indicates that soon benchmark indices Nifty50 and BSE Sensex will witness crossover of three moving averages (in a closer distance) - 50-day moving average (DMA), 100-DMA and 200-DMA on the daily chart. The same scenario has been witnessed four times in the entire history of both the indices. The said convergence indicates a strong rally of around 10 per cent as per the table mentioned below. Read more
2:05 PM
Market check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 35,863.16 | -243.34 | -0.67 |
| S&P BSE SENSEX 50 | 11,246.83 | -74.55 | -0.66 |
| S&P BSE SENSEX Next 50 | 32,525.44 | -216.69 | -0.66 |
| S&P BSE 100 | 11,036.83 | -73.20 | -0.66 |
| S&P BSE Bharat 22 Index | 3,473.85 | -11.71 | -0.34 |
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First Published: Jan 11 2019 | 8:19 AM IST
