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MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

The Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS) and the Nifty Metal index slipped 0.9 per cent due to a decline in NMDC

SI Reporter  |  New Delhi 

The benchmark indices ended slightly lower on Friday led by a fall in information technology (IT) and metal stocks. The S&P BSE Sensex ended at 35,159, down 79 points, while the broader Nifty50 index settled at 10,585, down 13 points. Among the sectoral indices, the Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS). The Nifty Metal index slipped 0.9 per cent due to a decline in NMDC. On the other hand, the Nifty Pharma index settled 1.4 per cent higher led by a rise in Sun Pharma. In stock-specific action, Bharti ...

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MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Market at close The S&P BSE Sensex ended 79 points lower at 35,159 while NSE's Nifty50 index settled at 10,585, down just 13 points.  

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Pidilite's stock up 10% post weak Q2 results, will uptrend continue? Pidilite Industries’ September quarter (second quarter or Q2) operational performance was almost in line with expectations with profit margin contracting amid inflationary pressures and consolidated net profit down 9 per cent year-on-year (YoY) at Rs 2.31 billion. Yet, the stock is up 10 per cent post results.   So what explains this, and will the uptrend continue? One reason is that the stock had already fallen over 20 per cent from a peak level of Rs 1,195 in August on worries over rising oil prices, and consequently expectations of weak Q2 results. READ MORE

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Nearly Rs 4 trillion of shares still held in physical form, shows analysis The regulator may have a heavy task at hand with its recent attempts to phase out physical share certificates. While most trading happens in demat form, physical shares account for a significant chunk of holdings by value.   A Business Standard analysis of the latest shareholding patterns of 3448 listed companies show that as much as Rs.3.91 trillion worth of shares are still held in physical form. A total of 3282 companies had some physical shares as of September 2018. READ MORE

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Stock Reaction: HAL rises post Q2 earnings

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

NEWS ALERT Hindustan Aeronautics Q2 earnings at Rs 2.89 bn vs Rs 679 mn year ago, according to TV reports

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

DCM Shriram bullish on sugar business; chalks out Rs 6.6 bn expansion plan Diversified group DCM Shriram has contracted around 40,000 tonnes of sugar exports so far and will undertake shipments of entire 92,000 tonnes quota assigned to it by April-May next year, its Chairman Ajay Shriram said.   He appreciated the central government's various measures, especially on ethanol side, in the last one year to deal with the problems faced by the millers on account of surplus production and low sales realisation. READ MORE

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

S&P BSE Sensex top gainers and losers

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Car sales grow marginally by 0.38%, passenger vehicles up 1.6% in October   Domestic passenger vehicle sales rose 1.55 per cent to 2,84,224 units in October as against 2,79,877 units in the same month last year. Car sales grew marginally by 0.38 per cent to 1,85,400 units last month as against 1,84,706 units in October last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Friday. Read more

MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 35,133.75 -103.93 -0.29   S&P BSE SENSEX 50 11,052.61 -26.21 -0.24   S&P BSE SENSEX Next 50 32,234.82 +157.17 +0.49   S&P BSE 100 10,859.81 -13.77 -0.13   S&P BSE Bharat 22 Index 3,466.39 -0.78 -0.02

First Published: Fri, November 09 2018. 08:00 IST
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MARKET WRAP: Sensex slips 79 pts, Nifty ends at 10,585; IT stocks weigh

The Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS) and the Nifty Metal index slipped 0.9 per cent due to a decline in NMDC

The benchmark indices ended slightly lower on Friday led by a fall in information technology (IT) and metal stocks. The S&P BSE Sensex ended at 35,159, down 79 points, while the broader Nifty50 index settled at 10,585, down 13 points. Among the sectoral indices, the Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS). The Nifty Metal index slipped 0.9 per cent due to a decline in NMDC. On the other hand, the Nifty Pharma index settled 1.4 per cent higher led by a rise in Sun Pharma. In stock-specific action, Bharti ...

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