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
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
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
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
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First Published: Jan 18 2019 | 8:15 AM IST