MARKET WRAP: Benchmarks cautious on first day of CY20; Sensex up 52 pts
All that happened in the markets today
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After a massive sell-off on Tuesday, Indian equities logged mild gains on Wednesday as trading sentiment remained subdued. The S&P BSE Sensex ended 52.28 points, or 0.13 per cent, higher at 41,306.02 level, while the broader Nifty50, on the NSE, ended at 12,189.70-mark, up 21.25 points or 0.17 per cent.
Among top performers, Power Grid, NTPC, Larsen and Toubro, and M&M gained up to 3 per cent on the Sensex, while Titan, IndusInd Bank, Bajaj Auto, and Tata Steel closed the day as top laggards.
As for key sectoral indices, Nifty IT index advanced the most at close (up nearly 0.5 per cent), while Nifty Auto and private bank indices slipped 0.45 and 0.24 per cent, respectively.
The broader market, however, outperformed the frontline indices today. The S&P BSE small-cap index added 0.64 per cent to close at 13,786.69 level, while the S&P BSE mid-cap index edged 0.21 per cent higher to 14,998.63.
3:40 PM
Sectoral trends at NSE at close
3:40 PM
Sensex heatmap at close
3:39 PM
Closing Bell
The S&P BSE Sensex ended 52.28 points, or 0.13 per cent, higher at 41,306.02 level, while the broader Nifty50, on the NSE, ended at 12,189.70-mark, up 21.25 points or 0.17 per cent.
3:28 PM
Dec Auto Sales | Atul Auto :: Total sales down 5.4% YoY at 4,100 units
3:15 PM
NEWS ALERT | NMDC: Dec Iron Ore production at 3.13 mt Vs 3.10 mt (YoY)
3:05 PM
Sugar stocks in a sweet spot; Dwarikesh, Shree Renuka surge over 12%
Shares of sugar companies continued to advance and rallied up to 17 per cent on the BSE on Wednesday on expectations of earnings improvement as lower cane crushing, and, subsequent decline in sugar production. READ MORE
2:53 PM
Slowdown set to worsen in 2020, but Budget may help turn the tide: CEO poll
A survey of 50 CEOs, conducted by Business Standard across the nation in December, shows that 52 per cent of the business leaders expect the slowdown to worsen in 2020, while 42 per cent believe the worst is now behind. READ MORE
2:41 PM
NEWS ALERT | YES Bk capital infusion :: SPGP Holdings may have extended term sheet date to Jan end: sources to CNBC TV18
Alert: SPGP Holdings is backed by Erwin Braich
2:21 PM
MARKET CHECK | Top 5 gainers on the BSE at this hour
2:15 PM
Maruti Suzuki records 2.4% y-o-y rise in car sales during December 2019
With total sales of 133,296 passenger vehicles, the country's leading carmaker Maruti Suzuki India has recorded 2.4 per cent year-on-year rise in car sales in the domestic market during December, as higher demand for compact models such as New WagonR offset a slump in small cars. READ MORE
2:07 PM
Dec Auto Sales | Escorts :: Total sales down 10.5% YoY
1:58 PM
APL Apollo Tubes gains 3%, hits 52-week high on strong Q3 sales volume
Shares of APL Apollo Tubes hit a 52-week high of Rs 1,939, up 3 per cent, on the BSE on Wednesday after the company reported a strong 53 per cent year on year (YoY) jump in sales volume in October – December quarter (Q3FY20). READ MORE
1:50 PM
Quality mid-caps can outperform next year: Mirae Asset's Swarup Mohanty
We expect gradual recovery in the demand environment next year, driven by low interest rates, government spending, and rural recovery, said SWARUP MOHANTY, chief executive officer, Mirae Asset Global Investments (India). He tells Ashley Coutinho valuation of mid-cap discount to large-caps may narrow in 2020 as risk aversion goes down. READ MORE
1:41 PM
Sector Watch | S&P BSE PSU index trades 0.3% higher
1:28 PM
NEWS ALERT | China Central Bank cuts Reserve Requirement Ratio by 50 bps
>> Says, cut aimed at supporting economy and growth
Topics : MARKET WRAP Markets Sensex Nifty
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First Published: Jan 01 2020 | 7:31 AM IST
