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Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

All that happened in today's trade

SI Reporter  |  New Delhi 

In a lacklustre trading day, the benchmark indices settled flat despite positive global cues as caution prevailed ahead of corporate results due later this month, while oil retailers such as Hindustan Petroleum Corp fell after crude prices strengthened.  Meanwhile, factory activity expanded at the fastest pace in five years in December, a private sector survey showed today, buoyed by a rise in output and new orders, which allowed firms to raise prices. Tuesday's data firms up views that business in Asia's third-largest economy continues to recover but also ...

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Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Vinod Nair, Head of Research, Geojit Financial Services     Market remained subdued despite positive momentum in Asian market amid concern on introduction of long term capital gain tax and ahead of Q3 earnings season. Mid and small cap underperformed due to current excessive valuation while positive December auto sales numbers attracted investors to the sector.

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Sectoral trend at close Source: NSE

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Top Sensex gainers and losers at close  Source: BSE

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Markets at close The S&P BSE Sensex ended at 33,812, down 0.49 point, while the broader Nifty50 settled at 10,442, up 6 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 33,812.26 -0.49 0.00   S&P BSE SENSEX 50 10,891.20 -11.40 -0.10   S&P BSE SENSEX Next 50 36,679.27 -77.34 -0.21   S&P BSE 100 10,947.17 -13.40 -0.12   S&P BSE Bharat 22 Index 3,751.92 -16.71 -0.44 Source: BSE

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Reliance Securities on Navkar Corporation     The company recently announced its 2QFY18 results and despite a challenging environment, it continued to report healthy numbers.   Surpassing growth in volume, its consolidated revenue grew by 19.7% YoY (+9% QoQ) to Rs1.08bn. Volume grew by 11.6% YoY (+6.7% QoQ) to 91,841 TEUs, while realisation increased by 7.3%YoY (2.2% QoQ) to Rs11,738/TEU.   Realisation growth was aided by higher contribution from Vapi ICD, improved revenue-mix and lower share of empty cargoes, which stood at 4,123 in 2QFY18 compared to 4,237 in 2QFY17. EBITDA increased by 18.8% YoY and 3.7% QoQ to Rs404mn.   We believe that NCL continues to remain well-placed to cash in the expected rise in EXIM trade on the back of several initiatives undertaken by the Government.   ​​We have a BUY rating on the stock with a Target Price of Rs 229.

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Buzzing stock   Tata Motors and Ashok Leyland were trading higher by 3% each, recovering from their respective intra-day lows, after they reported a strong set of sales numbers in December 2017.   Tata Motors was up 3% at Rs 439, its highest level since November 10, 2017 on the BSE, after the company’s commercial and passenger vehicles domestic sales grew 52% at 54,627 units in December. The company attributed strong growth due to increasing demand for vehicles across segments, new product launches and strategic customer initiatives. It had sold 35,825 units in December 2016. READ MORE

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

ALERT: Rupee hits highest level vs dollar since June 22, 2015

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Markets check  At 3:00 pm, the S&P BSE Sensex was trading at 33,812, down 0.34 point, while the broader Nifty50 was ruling at 10,440, up 5 points. 

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Sensex heatmap in afternoon trade Source: BSE

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

India's GDP growth will accelerate to 7.6% in FY20: HSBC   India's growth rate is expected to accelerate over the coming year and is likely to improve further to 7.6 per cent by 2019-20 as key sectors would revive from disruptions related to the implementation of GST and demonetisation, says an HSBC report.   According to the global financial services major, GDP growth in India is expected to accelerate to 7.0 per cent in 2018-19 from 6.5 per cent in this fiscal, shaking off the disruptions from demonetisation and introduction of the Goods and Services Tax (GST). READ FULL REPORT

Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

Varun Beverages zooms 48%    Varun Beverages moved higher by 17% to Rs 762 on the BSE in noon deal after a block deal executed on the counter. At 10:33 AM; around 900,273 equity shares representing 0.49% of total equity of the company changed hands on the BSE, the exchange data shows. The stock hit its highest level since listing on November 8, 2016.   VBL is one of the largest franchisees in the world (outside USA) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) for PepsiCo. READ MORE  

First Published: Tue, January 02 2018. 15:33 IST
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Sensex remains lacklustre, Nifty ends below 10,450; Bharti Airtel top loser

All that happened in today's trade

In a lacklustre trading day, the benchmark indices settled flat despite positive global cues as caution prevailed ahead of corporate results due later this month, while oil retailers such as Hindustan Petroleum Corp fell after crude prices strengthened.  Meanwhile, factory activity expanded at the fastest pace in five years in December, a private sector survey showed today, buoyed by a rise in output and new orders, which allowed firms to raise prices. Tuesday's data firms up views that business in Asia's third-largest economy continues to recover but also ...

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