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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.

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE, SENSEX
Photo: Shutterstock.com

Continuing with their lacklustre performance for the third straight day, the equity benchmark 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 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 ended 1 per cent higher.

Sectorally, barring IT, all other ended in the red with the pharma bleeding the most. The Pharma pack lost nearly 3 per cent to end the day at 8,690. 

BUZZING STOCK

of pharma bellwether Sun Pharma crashed to their six year- low of Rs 375.40 apiece in the early trade on Friday after reports suggested fresh whistleblower documents were sent to Sebi. The stock plunged as much as 12 per cent on The company, however, in a filing clarified that it was not privy to the reported by MoneyLife The stock, eventually, ended nearly 9 per cent lower at Rs 390.75. 

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 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 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 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)

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

NSE sectoral gainers and losers of the day

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

Gainers and losers of the day on BSE Sensex

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

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.

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

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

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

Top gainers and losers on S&P BSE Sensex

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

Top losers on BSE500 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 » More on Top Losers

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

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  

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

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

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

NEWS ALERT | L&T Infotech Q3 net profit at Rs 375.5 crore

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

NEWS ALERT | NIIT Tech Q3 consolidated net profit at Rs 100.2 cr

MARKET WRAP: Indices end flat, Nifty holds 10,900; Sun Pharma tanks 9%

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

First Published: Fri, January 18 2019. 08:15 IST
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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.

Continuing with their lacklustre performance for the third straight day, the equity benchmark 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 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 ended 1 per cent higher.

Sectorally, barring IT, all other ended in the red with the pharma bleeding the most. The Pharma pack lost nearly 3 per cent to end the day at 8,690. 

BUZZING STOCK

of pharma bellwether Sun Pharma crashed to their six year- low of Rs 375.40 apiece in the early trade on Friday after reports suggested fresh whistleblower documents were sent to Sebi. The stock plunged as much as 12 per cent on The company, however, in a filing clarified that it was not privy to the reported by MoneyLife The stock, eventually, ended nearly 9 per cent lower at Rs 390.75. 

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 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 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 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)

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