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Feb 10, 2020 03:39 PM IST | Source:

Market falls for second day, Sensex ends below 41K; metal loses shine

The Sensex shed 162.23 points to end at 40979.62, while Nifty fell 66.90 points to close at 12031.50.

  • February 10, 2020 04:37 PM IST

    Chalet Hotels Q3 result: Net profit was up at Rs 33.4 crore versus Rs 14.8 crore and revenue was up 12.4% at Rs 278.1 crore versus Rs 247.4 crore, YoY.

  • February 10, 2020 04:13 PM IST

    Vinod Nair, Head of Research, Geojit Financial Services:

    Market is not out of coronavirus jitter which will add volatility in the short term. Companies with high exposure to Chinese market either in terms of export or import have some impact. Series of macro data will be released during this week like CPI & WPI inflation and IIP data. Consensus is showing a rise in inflation to 7.4% in January influenced by food prices while expecting some stability in IIP for December.

  • February 10, 2020 03:59 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    The Indian markets continued to decline for second consecutive session led by unsupportive global cues. Going forward, the markets would take cues from the last leg of earnings season and global developments on Coronavirus outbreak. On the domestic front, key macroeconomic data like CPI, IIP and WPI this week would be actively tracked by the investors. We continue to maintain our cautious stance at current levels due to lackluster earnings season and stretched valuations.

  • February 10, 2020 03:42 PM IST
  • February 10, 2020 03:35 PM IST

    Market Close: Benchmark indices witnessed profit booking for the second consecutive day on weak global cues with Nifty finished below 12,050 level.

    At close, the Sensex was down 162.23 points or 0.39% at 40979.62, and the Nifty was down 66.90 points or 0.55% at 12031.50. About 976 shares have advanced, 1518 shares declined, and 166 shares are unchanged. 

    Zee Entertainment, M&M, Tata Steel, Grasim Industries and Bharti Infratel were among major losers on the Nifty, while gainers were UPL, Bajaj Finance, TCS, Kotak Mahindra Bank and Reliance Industries.

    All the sectoral indices ended in the red, metal index fell 3 percent followed by auto, energy, bank, pharma, infra and FMCG.

  • February 10, 2020 03:28 PM IST

    Balrampur Chini Mills Q3 result: Consolidated net profit down 40% at Rs 72.5 crore versus Rs 121 crore, while revenue rose 27% at Rs 1,196 crore against Rs 941 crore, YoY.    

  • February 10, 2020 03:27 PM IST

    Majesco Q3 result: Consolidated net profit rose 57% at Rs 23.4 crore versus Rs 14.9 crore and revenue was up 4.1% at Rs 265.1 crore against Rs 254.7 crore, YoY.

  • February 10, 2020 03:24 PM IST

    Dilip Buildcon Q3 result: Consolidated net profit down 67% at Rs 59.9 crore versus Rs 181.4 crore, revenue down 1.1% at Rs 2,564.4 crore versus Rs 2,594 crore, YoY.

  • February 10, 2020 03:21 PM IST

    Cadila receives EIR from USFDA: Company's topical manufacturing facility located at Ahmedabad, India has received an Establishment Inspection Report (EIR) from the USFDA signifying the successful closure of the audit.