Jan 18, 2019 03:56 PM IST | Source: Moneycontrol.com
Closing Bell: Sensex, Nifty end flat after a rangebound session; RIL, Wipro among major gainers
Among the sectors, pharma, PSU bank, Infra, FMCG and auto remained under pressure, while energy and IT stocks witnessed some buying.
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Market Update:
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SGX Nifty Update:
Market at close: Benchmark indices ended flat after they traded in the range throughout the day with Nifty closed above 10,900 level.
The Sensex was up 12.53 points at 36386.61, while Nifty was up 1.80 points at 10907. About 890 shares have advanced, 1632 shares declined, and 161 shares are unchanged.
Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco and Adani Ports are among major gainers on the Nifty, while Sun Pharma, Bharti Airtel, GAIL, L&T and HPCL are the top losers on the Nifty.
Among the sectors, pharma, PSU bank, Infra, FMCG and auto remained under pressure, while energy and IT stocks witnessed some buying.
Sun Pharma clarifies on whistleblower complaint: The said whistleblower documents and other confidential emails are being offered for inspection to institutional investors by one media house as per the report, which again we are not privy to.
In these circumstances, there is a great asymmetry in the information circulating between analysts, investors and media leading to intense speculation. The availability of information contained in the whistleblower documents to a set of selective investors does put other investors including retail investors in a disadvantageous position.
We are concerned that certain entities/individuals are adopting unfair trade practices prejudicial to the interest of shareholders and other stakeholders. It is evident from the fact that shareholders value has been drastically eroded within a short span of time due to unsubstantiated complaint/allegation against the company and mala fide campaign launched by certain media houses.
Muthoot Capital Q3 result: Net profit was up at Rs 23.3 crore versus Rs 15.7 crore, revenue was at Rs 142.2 crore versus Rs 105 crore, YoY.
JUST IN | US FDA had conducted an inspection at the Alkem Lab's manufacturing facility located at Daman, India from January 14 to 18, 2019. At the end of the inspection, no Form 483 was issued.
Here's why you should add Lego sets to your portfolio
Surprised that the plastic toys made of interlocking bricks that kids play with can be an investment theme? Then, the next statement will come as a shocker.
Ratnamani Metals and Tubes bags order: The company has received new domestic order aggregating to approximately Rs 200 crore for supply of Coated CS Pipes for Oil & Gas Sector to be completed by October, 2019.
L&T Infotech net profit falls 6% QoQ at Rs 375.5 crore; CC revenue growth at 6.1% QoQ
Larsen & Toubro Infotech reported a fall of 6 percent (quarter-on-quarter) in its net profit for December quarter at Rs 375.5 crore. It had reported a profit of Rs 400.3 crore during the previous quarter.
NIIT Technologies Q3 results: Consolidated net profit was down 10.3 percent at Rs 100.2 crore, rupee revenue was up 7 percent at Rs 971.7 crore.
Motilal Oswal posts a weak Q3 on higher losses in Aspire, slowdown in capital market business
A capital market player with its fortune now tied to housing finance business as MOFS has invested close to Rs 850 crore in Aspire - Capital market businesses saw profit
Atul Q3 results: Net profit rose 77 percent at Rs 117 crore versus Rs 66 crore. Revenue was up 26.9 percent at Rs 1,020 crore against Rs 804 crore, YoY.