Sectoral gainers and losers on NSE
Among sectors, the Nifty FMCG index was the top loser of the day, falling 1.69 per cent weighed by ITC and United Spirits.
In the broader market, S&P BSE MidCap index fell 42 points or 0.28 per cent at 14,883, while S&P BSE SmallCap index ended at 14,309, down 22 points or 0.16 per cent.
Shares of ITC fell 4.75 per cent lower at Rs 276 on the National Stock Exchange (NSE) even as the company posted a 3.84 per cent year-on-year (YoY) rise in its net profit at Rs 3,209.07 crore for the quarter ended December 31, 2018. It had posted PAT of Rs 3,090.20 crore in the corresponding quarter of last financial year.
Shares of Wipro hit a near two-decade high of Rs 355.45 apiece in intra-day trade, gaining 2 per cent on the BSE, as analysts expect the company to post better revenue growth in FY20 led by continued momentum in large deal wins, robust digital growth and continued growth in BFSI (banking, financial services and insurance) and other verticals. The stock of IT services firm was trading at its highest level since March 8, 2000. The stock eventually settled at Rs 351.20, up 1.37 per cent.