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MARKET WRAP: Indices end flat, Nifty holds 11,550; Realty, pharma shine

The Sensex hit an intra-day low of 38,436, down 285 points, while the Nifty50 skid 98 points to touch 11,461 mark.

SI Reporter New Delhi
Stock market

3 min read Last Updated : Jul 09 2019 | 4:01 PM IST

4:01 PM

STOCK ALERT :: Maruti hits fresh 52-week low, ends below Rs 6,000/sh for the 1st time since March 2017

3:49 PM

Market closing comment | Anand Rathi Financial Services

Indian markets started off on a cautious note amid weak global cues and ahead of Q1-FY20 results with IT major Tata Consultancy Services (TCS) all set to report its numbers later in the day. However, the declines further steepened in the day as anxiety remained among traders with Ratings? agency report on economic slowdown which has begun to dent the credit profile of India Inc. There has been a deterioration in the credit quality of entities rated in the first quarter of the current financial year, showing effect of the prevailing slowdown in the Indian economy.
 
The Reserve Bank of India (RBI) Governors? statement about current financial system surplus, liquidity and its effect on facilitation of better transmission of rate cuts failed to cheer markets.
 
On sectoral front, Healthcare, Realty and PSU Bank were trading in positive while FMCG and IT traded negatively. The other sectoral indices traded mixed without any meaningful trend.

3:42 PM

Sectoral gainers and losers on the NSE

3:41 PM

Top gainers and losers on the S&P BSE Sensex

3:39 PM

CLOSING BELL

The S&P BSE Sensex ended 10 points or 0.03 per cent higher at 38,731 levels while NSE's Nifty50 index ended at 11,556, up 3 points or 0.02 per cent. 

3:27 PM

NEWS ALERT | DHFL to present a proposal for its resolution to its lenders on July 11: CNBC-TV18

3:08 PM

Adani Power, Just Dial, Varun Beverages hit 52-week highs

Shares of Adani Power, Just Dial and Varun Beverages hit their respective 52-week highs on the BSE on Tuesday in an otherwise subdued market. In comparison, the benchmark S&P BSE Sensex was up 0.1 per cent at 38,760 points in the afternoon trade. Adani Power rallied 11 per cent to Rs 69, surpassing its previous high of Rs 67 touched on July 4, in intra-day trade. The counter has seen huge trading volumes with a combined 46 million shares changing hands on the BSE and NSE so far. READ MORE

2:55 PM

NEWS ALERT | CARE ratings revises ZEE Media's long-term facilities of Rs 113 from 'A' to 'BBB'

-- Outlook revised from 'credit watch' to 'stable'

2:43 PM

IDFC First Bank gains over 2%

2:27 PM

STOCK ALERT :: Sun Pharma set for biggest 1-day-gain in a year

2:26 PM

Nalin Shinghal appointed as Chairman and Managing Director of BHEL

State-owned engineering and manufacturing enterprise BHEL Tuesday said Nalin Shinghal has been appointed as its Chairman and Managing Director (CMD).
 
"On his appointment as CMD of Bharat Heavy Electricals Limited (BHEL), Dr Nalin Shinghal, has assumed charge as CMD of India's largest engineering and manufacturing enterprise of its kind," BHEL said in a statement. READ MORE

2:12 PM

ABB India gains on sale of inverter business

2:08 PM

NEWS ALERT | ABB Board approves sale of solar inverter business to Italian firm, FIMER SpA

1:50 PM

MARKET ALERT | RIL crosses Rs 8 trillion market-cap mark

1:40 PM

Deposit Rs 18,000 cr if you want to travel abroad: Delhi HC to Naresh Goyal

A Delhi High Court Tuesday refused to allow Jet Airways founder Naresh Goyal to leave India and sought response of the Centre on his plea challenging a look out circular issued against him. Justice Suresh Kait said no interim relief can be granted to Goyal at this stage and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now. READ MORE
File photo: Naresh Goyal | PTI

Topics :MARKET WRAP

First Published: Jul 09 2019 | 7:03 AM IST