Key indices declined to the day's low in morning trade amid weak cues from other Asian stock markets. The Nifty slipped towards the crucial 12,000 mark. At 10:29 IST, the S&P BSE Sensex, was down 287.92 points or 0.7% at 40,853.93. The Nifty 50 index was down 91.95 points or 0.76% at 12,006.40.
In the broader market, the S&P BSE Mid-Cap index was down 0.69%. The S&P BSE Small-Cap index was down 0.42%.
The market breadth turned negative in morning trade. On the BSE, 758 shares rose and 1109 shares fell. A total of 125 shares were unchanged. In Nifty 50 index, 8 stocks advanced while 42 stocks declined.
Among Nifty companies, GAIL India (down 1.14%) and Grasim Industries (down 1.28%) will announce their Q3 result today.
MRF (up 0.08%), Dilip Buildcon (down 1.05%), Nalco (down 1.88%), Union Bank of India (down 1.33%), Motherson Sumi (down 0.72%), Kalpataru Power (up 2.38%), The Phoenix Mills (down 1.06%), Sheela Foam (down 0.27%), Oil India (down 2.86%), Petronet LNG (down 0.53%), Chalet Hotels (down 1.06%), Balrampur Chini Mills (down 3.33%), Indiabulls Real Estate (down 0.93%), General Insurance Corporation of India (down 1.03%), Bombay Dyeing (up 4.66%), Bharat Forge (down 1.83%), DCM Shriram Industries (down 0.51%), JMC Projects (up 0.9%), Majesco (up 1.46%), Shilpa Medicare (up 3.27%) and Bajaj Consumer Care (up 1.16%) are some of the companies that will announce their Q3 December 2019 result today.
Q3 Result Impact:
Shares of KEC International were trading 2.11% higher at Rs 353.95. The company reported a 29% rise in net profit to Rs 144.92 crore in Q3 December 2019 as against Rs 112.37 crore reported in Q3 December 2018. Net sales for the quarter ending December 2019 stood at Rs 3073.11 crore, rising by 16.1% YoY. The company declared a dividend of Rs 3.40 per equity share with a record date of 15 February 2020.
Container Corporation of India declined 0.83%. On a consolidated basis, net profit declined 35% to Rs 180.89 crore in Q3 December 2019 as compared to Rs 278.11 crore reported in Q3 December 2018. Net sales declined 7.7% on YoY basis to Rs 1544.74 crore in Q3 December 2019 over Q3 December 2018.
Shares of Godfrey Phillips were trading 2.32% higher at Rs 1305. The company's consolidated net profit jumped 39.1% to Rs 114 crore in Q3 December 2019 over Q3 December 2018. Net sales rose 14.5% to Rs 751.47 crore in Q3 December 2019 as against Q3 December 2018.
Britannia Industries was down 3.12%. The FMCG major reported 23.92% rise in consolidated net profit to Rs 372.63 crore on 5.02% rise in total income to Rs 3048.16 crore in Q3 December 2019 over Q3 December 2018. During this phase of sluggish demand, the company continued to invest in enhancing brand equity through focused product campaigns.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)