Sensex, Nifty end flat as investors on edge ahead of Q2 earnings season
Catch all that happened in the market today
 "adani")
adani
In a choppy session, benchmark indices end flat but continued a steady recovery from recent losses, with consumer sector leading the way, but gains were capped as corporate results kick off later this week.
Sentiment turned cautious as earnings season for the July-September quarter kicks off this week with over 30 companies scheduled to report their Q2 numbers. These include, TCS, Reliance Industries, South India Bank, IndusInd Bank, Cyient, and Bajaj Corporation, among others.
Analysts expect a weak performance in the July-September quarter, due to the impact of the withdrawal of higher-denomination currencies from circulation late last year and the rollout of a national goods and services tax on July 1.
3:45 PM
Market rundown by Vinod Nair, Head of Research at Geojit Financial Services
Market is facing resistance around 10k mark as participants are waiting on the sideline and awaiting earnings season for more clarity on direction. Earnings growth for the second quarter is likely to be subdued but on a QoQ basis it will be better. Sectors like Finance, Metals, Mining, Infra, Defence and Chemical are expecting some pick up which could limit a sharp cut in earnings forecast for FY18.
3:43 PM
Realty shares in focus
Shares of realty companies have rallied by up to 20% on the BSE in intra-day trade after the real estate developer Sobha reported a good set of new sales volumes in July-September 2017 quarter (Q2FY18).
Besides Sobha, Purvankara, Ajmera Realty & Infra India and Marathon Nextgen have surged between 12% and 19% on the BSE. Kolte-Patil Developers, Anant Raj Industries, Prestige Estates and Delta Corp, Simplex Realty were up in the range of 3% to 4%.
3:41 PM
FMCG index gains
Source: NSE
3:39 PM
Sectoral Trend: Realty and FMCG indices led the gains
Source: NSE
3:37 PM
Top gainers and losers on BSE Sensex
Source: BSE
3:34 PM
Broader Markets
In broader markets, BSE midcap index was a little changed (down 0.04%) while the BSE Smallcap index outperformed the frontline indices, up 0.6%
In broader markets, BSE midcap index was a little changed (down 0.04%) while the BSE Smallcap index outperformed the frontline indices, up 0.6%
3:32 PM
Markets at Close
In a choppy session, benchmark indices end flat but continued a steady recovery from recent losses, with consumer sector leading the way, but gains were capped as corporate results kick off later this week.
The S&P BSE Sensex settled the day at 31,846, up 32 points while the Nifty50 index ended at 9,989, up 9 points
In a choppy session, benchmark indices end flat but continued a steady recovery from recent losses, with consumer sector leading the way, but gains were capped as corporate results kick off later this week.
The S&P BSE Sensex settled the day at 31,846, up 32 points while the Nifty50 index ended at 9,989, up 9 points
3:19 PM
Dwarikesh Sugar Industries expects sales to rise by up to 15 percent in the 2017/18 crop year as production in Uttar Pradesh could jump to a record high, a top company executive said on Monday.
Dwarikesh Sugar expects sales to rise
Dwarikesh Sugar Industries expects sales to rise by up to 15 percent in the 2017/18 crop year as production in Uttar Pradesh could jump to a record high, a top company executive said on Monday.
Farmers in the country's top sugar producing state where the company has its operations, have adopted an early-maturing cane variety that has boosted productivity, said Vijay Banka, the chief financial officer of the company.
3:09 PM
USFDA Nod
Marksans Pharma share price rallied 8% in intraday on receipt of establishments inspection report for Goa plant.
Marksans Pharma share price rallied 8% in intraday on receipt of establishments inspection report for Goa plant.
The Mumbai-based pharma company informed exchanges that it has received establishments inspection report from the US Food and Drug Administration for Goa facility.
2:55 PM
BUZZING STOCK
Jaiprakash Associates rose as much as 3.8% after the company approved transfer of certain assets and liabilities to unit Jaypee Infrastructure Development.
Topics :
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 09 2017 | 3:30 PM IST