Closing Bell: Sensex ends flat, Nifty below 10,400; midcaps see strong trade

First session of November 2018 began on a subdued note, with the Nifty ending below 10,400-mark.

Banks were the gainers during the session, while infrastructure and metals rose during trade as well. Pharmaceuticals, IT, and consumption names were the big losers in trade today.

However, there was some outperformance in the broader markets, with the Nifty Midcap index rising a percent.

At the close of market hours, the Sensex closed down 10.08 points or 0.03% at 34431.97, while the Nifty ended lower by 6.10 points or 0.06% at 10380.50. The market breadth is positive as 1,590 shares advanced, against a decline of 990 shares, while 124 shares were unchanged.

Yes Bank, Axis Bank, and Hindalco were the top gainers, while Infosys, NTPC, HCL Tech and Dr Reddy’s Labs lost the most.

: Total sales up 26 percent at 3.98 lakh units versus 3.17 lakh units, 2-wheeler sales up 25 percent at 3.84 lakh units versus 3.08 lakh units, YoY.

Total sales was up 17 percent at 62,264 units against 53,197 units, total domestic sales rose 18 percent at 57,710 units against 48,886 units, YoY.

NCC has received four new orders totalling to Rs 1,345.78 crore (exclusive of GST) in the month of October, 2018.

Out of this, two orders totalling to Rs 560.02 crore pertain to buildings division, one order of Rs 753.81 crore pertains to mining division and the fourth order of Rs 31.95 crore pertains to water and environment division.

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Net profit at Rs 218.3 crore, revenue at Rs 1,836.8 crore

Equity benchmarks are off their low points, with the indices trading flat.

The Sensex is up 19.93 points or 0.06% at 34461.98, and the Nifty up 2.70 points or 0.03% at 10389.30. The market breadth is positive as 1536 shares advanced, against a decline of 893 shares, while 1229 shares were unchanged.

The company reported total auto sales at 58,416 units, which grew 14 percent as compared to 51,160 units in the previous year.

Mumbai-based Prabhat Dairy plans to expand its goodness centres, which were launched in May, as it ventures on a retail expansion drive to more than double its annual revenue.

The centres sell products such as lassi, masala chaas and milk shakes.

The company, which has over 40,000 distributors in Maharashtra, plans to hand-pick franchisees that have the requisite real estate and willingness to invest Rs 4 lakh in the business, Joint Managing Director Vivek Nirmal told Moneycontrol.

Prabhat Dairy is keen on expanding its goodness zones as it wants to increase its retail reach and targets a revenue of Rs 1,000 crore in the next two years from Rs 400 crore at present.

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The company's net profit up 79.6 percent at Rs 34.1 crore, revenue up 70.9 percent at Rs 1,598.4 crore.