Market at close
: Benchmark indices erased all its intraday gains and ended in red on the back of last hour selling pressure.
The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. About 968 shares have advanced, 1544 shares declined, and 128 shares are unchanged.
Adani Ports, Indiabulls Housing, UPL, Tata Motors and HDFC were the top gainers on the Nifty, while losers included Eicher Motors, IOC, HPCL, GAIL and ONGC.
Except IT index, all other sectoral indices closed in red led by Nifty PSU bank, infra, energy, auto, pharma and metal.
Share price of CG Powerdeclined 29 percent intraday Wednesday after company posted net loss for the quarter ended December 2018.
Saksoft Q3 result:
Consolidated net profit up 53% atRs 9.8 crore against Rs6.4 crore, YoY.
Greenlam Industries Q3:
Consolidated net profit up 14% at Rs 19.8 crore against Rs 17.4 crore. Revenue up 12% at Rs 314 crore against Rs 280.3 crore, YoY.
Bosch Q3 profit jumps 19%:
Automotive solutions provider Bosch's third quarter profit grew by 19.3 percent year-on-year to Rs 335.4 crore despite tepid revenue growth and lower operating income. The profitability growth was driven by other income.
The profit before tax (PBT) stood at Rs 490 crore, registering a growth of 15.8 percent over the same period of previous year on account of improved operational efficiency, favorable product mix and higher investment income which was partially offset by negative exchange rate on material cost, the company said.
Mukta Arts Q3 result
:Consolidate net loss at Rs 2.8 crore against loss of Rs 3.2 crore, revenue up 35.5% at Rs 38.5 crore against Rs28.4 crore.
India VIX, the indicator of volatility, is down over 0.5% at 15.75.
Market Update
Sensex is up 95.58 points or 0.26% at 36249.20, and the Nifty up 26.10 points or 0.24% at 10857.50. About 1060 shares have advanced, 1154 shares declined, and 105 shares are unchanged.
Skechers USA has bought out Kishore Biyani-led Future Group's 49 percent stake in its Indian joint venture (JV) for an undisclosed sum. With this, Skechers India has become a wholly-owned subsidiary of the American footwear major.
Bharat Forge Q3
| Net Profit at Rs 309.8 crore, revenue at Rs 1,692.5 crore.EBITDA at Rs 525.8 crore, EBITDA margin at 31.1 percent.
Nifty Realty is up over 1% led by gains in Godrej Properties and Sobha Developers.
Rupee Update
Indian rupee is trading 0.25 percent up. According to Bloomberg, the currency is up 0.17 paise against the US dollar.
Buzzing:
Dilip Buildcon is up over 11%.
ITC and Engineers India each are up about 2 percent ahead of theadditional offering of Bharat-22 ETF.
To meet the divestment target, the government will launch an additional offering of Bharat-22 Exchange Traded Fund (ETF) on February 14 to raise at least Rs 3,500 crore, officials told PTI on Tuesday.
Buzzing:
Share price of Strides Pharma Science has slipped 2 percent intraday its subsidiary received approval for Triamcinolone Acetonide cream USP, 0.025%, 0.1% and 0.5% from the United States Food & Drug Administration (USFDA).
Read detailed report
Sun Pharma, India's largest drug maker on February 12 said it it had responded to the two queries raised by SEBI related to 2004 foreign currency convertible bonds (FCCB) issuance and about Sun's business with Aditya Medisales (AML).
"While we do not have the access to the whistleblower compliant, we received information request from SEBI related to our 2004 FCCB issuance and also transaction with Aditya Medisales," said Dilip Shanghvi, MD of Sun Pharma in the investor call.
The stock is up about 2% intraday.
Market Update
Sensex is up 136.35 points or 0.38% at 36289.97, and the Nifty up 30.50 points or 0.28% at 10861.90. About 984 shares have advanced, 932 shares declined, and 95 shares are unchanged.
ITC, Sun Pharma, Adani Ports and Indiabulls Housing are the biggest index gainers and HPCL, Hero Motocorp, Zee Entertainment are the biget losers intraday.
Zee Ent
: Promotersells 8.3 lakh shares in open market from Feb 5-7
Sensex Heat Map
Result reaction
:Shares of Indian Hotelsrose as much as 5.2 percent in early trade on February 13 after the company reported result for the quarter ended December 31, 2018.
L&T bags order
: Buildings and factories business of L&T Construction has secured a design and build order for the construction of hospitals from a private developer in India.
Buzzing
:Share price of CG Powerdeclined nearly 7 percent in the early trade on Wednesday after company posted net loss for the quarter ended December 2018.
The company's Q3FY19 net loss was of Rs 150.2 crore including one-time loss at Rs 116.6 crore.
Market Opens
Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 mark.
The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged.
Sun Pharma, ITC, Cola India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.
Rupee Opens
The Indian rupee gained in the early trade on Wednesday. It has opened higher by 22paiseat70.48 per dollar versus previous close 70.70.
Market at pre-open
: Indian indices are trading higher in the pre-opening session with Nifty around 10,900 level.
At 09:01 hrs IST, the Sensex is up 175.87 points at 36329.49, while Nifty is up 58.10 points at 10889.50.
Sun Pharma, Coal India, Bata, NCC, are trading higher in the pre-opening, while CG Power istrading lower.
CG Power Q3 result:
Net loss of Rs 150.2 crore includes one-time loss at Rs 116.6 crore. Other income at Rs 11.5 crore and revenue up 12% at Rs 1,719.5 crore.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 32.50 points or 0.30 percent. Nifty futures were trading around 10,894-level on theSingaporean Exchange.
Wall Street ends higher:
Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations.
Asia trades higher:
Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
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