Last Modified: Wed, Jan 03 2018. 05 11 PM IST

Market Wrap: Sensex closes lower, Nifty ends flat, auto, pharma stocks top losers

BSE Sensex closed lower by 18.88 points at 33,793.38, while the Nifty 50 ended little changed at 10,443.20, up 1 point. Here are the latest updates

BSE Sensex and NSE Nifty closed little changed on Wednesday. Photo: Reuters
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Mumbai: BSE Sensex closed marginally lower, while the NSE Nifty ended unchanged on Wednesday as investors are cautious ahead of key corporate results starting next week. Investors in India are awaiting corporate results, including from TCS and Infosys that are scheduled next week. Among the sectoral indices on BSE, capital goods, basic materials and metal gained most at 1.49%, 1.48% and 1.35%, respectively. Adani Ports, L&T, ICICI Bank and Yes Bank were top gainers, whereas shares of Dr. Reddy's Labs, Wipro, ONGC and Bajaj Auto fell. Meanwhile, the smallcap was up 0.98% and the midcap ended 0.53% higher.

  • 3.34 pm ISTClosing bellBSE Sensex closed lower by 18.88 points, or 0.06%, to 33,793.38, while the Nifty 50 ended little changed at 10,443.20, up 1 point, or 0.01%.
  • 2.10 pm ISTMarket updateBSE Sensex traded higher by 82.82 points, or 0.24%, to 33,895.08, while the Nifty 50 rose 32.20 points, or 0.31%, to 10,474.40.
  • 2.08 pm ISTRupee trades lower against US dollarThe rupee was trading at 63.51 a dollar, down 0.05% from its Tuesday’s close of 63.48. The rupee opened at 63.58 a dollar and touched a high and a low of 63.46 and 63.58 respectively. The 10-year bond yield was at 7.382% compared to its previous close of 7.386%.
  • 2.05 pm ISTEuropean shares trade higherEurope’s major stock markets advanced in opening deals after yet another record-breaking session on Wall Street. London’s benchmark FTSE 100 index gained almost 0.2% to 7,660.54 points compared with the closing level on Tuesday. In the eurozone, the Paris CAC 40 added 0.1% to 5,295.31 and Frankfurt’s DAX 30 rose 0.3% to 12,916.18 points.
  • 2 pm ISTDr. Reddy’s shares fall on report of receiving EIRDr Reddy’s Laboratories Ltd fell 2.5% to Rs 2348 after CNBC TV reported that an EIR has been issued to the company’s Duvvada facility. The report further states that Duvvada facility status continues to be classified as official action initiated (OAI).
  • 12.54 pm ISTMarket updateBSE Sensex traded higher by 40.41 points, or 0.12%, to 33,852.67, while the Nifty 50 rose 18.30 points, or 0.18%, to 10,460.50.
  • 12.50 pm ISTUco Bank to issue shares to govtUco Bank said its board of directors has approved a proposal to issue of equity shares to the government of India against capital contribution of Rs1,375 crore. Shares rose 1.48% to Rs30.80.
  • 12.48 pm ISTCrude at 31-month high, oil marketing companies likely to be under pressureMost OMC stocks, including IOC and HPCL, have under-performed BSE Oil & Gas index, in the three months ending December
  • 12.45 pm ISTGlobal gold prices edge down after hitting 3-1/2-month highsGold prices edged down on Wednesday after hitting a 3-1/2-month high, as the dollar recovered from its lows and technical indicators pointed to a short-term correction. Spot gold fell 0.4% to $1,312.71 an ounce at 8.27am. The precious metal earlier hit $1,321.33, its highest level since 15 September. US gold futures were mostly unchanged at $1,315.60 an ounce.
  • 12.05 pm ISTDr. Reddy’s Labs shares fall over 4%Dr. Reddy’s Labs shares fell most today leading the top losers chart on BSE Sensex basket. The shares were trading 2.70% lower at Rs2,342.80. The stock fell 4.51% to Rs2299 in the early hours.
  • 12.02 pm ISTLoyal Equipments shares jump on new orderLoyal Equipments Ltd said it has received a purchase order from Simon India Ltd worth Rs345.00 lakh for supply of shell and tube heat. Shares surged 4% to Rs52.
  • 10.50 am ISTMarket updateBSE Sensex traded higher by 134.26 points, or 0.40%, to 33,946.52, while the Nifty 50 rose 49.55 points, or 0.47%, to 10,491.75.
  • 10.47 am ISTLasa Supergenerics shares gain 5%Lasa Supergenerics Ltd rose 5% to Rs207.80 after the company said it filed new CEP application with European Medicines Directorate.
  • 10.45 am ISTIndowind Energy shares rise on fund raising planIndowind Energy Ltd rose 5% to Rs12.30 after the company said it will raise Rs30 crore through a QIP or rights issue.
  • 10.43 am ISTOrient Green Power shares gain on asset saleOrient Green Power Co Ltd rose 6% to Rs11.69 after the company said it sold 8 biomass subsidiaries to Janati Bio Power for Rs49 crore.
  • 10.40 am ISTGallantt Ispat shares surge 20% after Sebi revokes shell company statusGallantt Ispat Ltd rose 20% to Rs249.90 after Securities Exchange Board of India revokes shell company status of the company.
  • 9.45 am ISTRIL shares gain over 1%Reliance Industries Ltd rose 1.3% to Rs923.45 after the company said it commissioned its refinery off-gas cracker (ROGC) complex of 1.5 million tonnes per annum (mtpa) capacity along with downstream plants and utilities. This marks the end of the $16 billion refining and petrochemicals expansion plan that RIL embarked on in 2014.
  • 9.43 am ISTFertiliser stocks trade higherFertiliser stocks gained. Rashtriya Chemicals & Fertilizers Ltd rose 2.6%, Nagarjuna Fertilizers gains as much as 20%, Gujarat State Fertilizers 1.2%, National Fertilizers 0.5%, Zuari Agro Chemicals 2.8%, Mangalore Chemicals 3% and Chambal Fertilisers 2.5%.
  • 9.40 am ISTTitan shares rise on Q3 growthTitan Co. Ltd rose 2% to Rs861.50 after the company said its third-quarter jewellery retail growth is in-line with the company’s expectation.
  • 9.38 am ISTRupee trades lower against US dollarThe Indian rupee opened marginally lower against US dollar on Wednesday, retreating from over 29-month high it scaled on Tuesday. The home currency was trading at 63.56 a dollar, down 0.12% from its Tuesday’s close of 63.48—a level last seen on 17 July 2015. The 10-year bond yield was at 7.407% compared to its previous close of 7.386%.
  • 9.28 am ISTMarket updateBSE Sensex traded higher by 101.10 points, or 0.30%, to 33,913.36, while the Nifty 50 rose 25.45 points, or 0.24%, to 10,467.65.

Topics: BSE SensexNifty 50Live updatesTradingMarket today

First Published: Wed, Jan 03 2018. 09 29 AM IST

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