Sensex Ends At 28,35-Mark; IT, Metal Save The Day

16 February, 2017, 01:00 | Author: Celia Hoffman

Indian equities markets traded on a flat note - marginally in the red - during the mid-afternoon trade session on Tuesday as disappointing macro-economic data, coupled with broadly negative Asian indices and profit booking, subdued investors' sentiments.

Meanwhile, the broad based NSE Nifty fell by 67.60 or 0.77% at 8,724.70 with 40 components posting drop. Hong Kong's Hang Seng rose 0.58% and Japan's Nikkei gained 0.41% following another record close in the US markets on Friday as investors cheered US President Donald Trump's promise of details on tax reform and his softer tone on China and Japan. However, Mid-cap declined 154 points and Small-cap too fell 204 points.

Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company yesterday reported a steep 96.22 per cent decline in consolidated net profit for the December quarter. Sun Pharma shares tumbled 4.3 percent after the drug major reported a 5 percent drop in Q3 net profit amid lackluster sales in two of its largest markets - USA and India.

It was followed by Tata Steel 2.57 per cent, Adani Ports 2.09 per cent, Hero Motoco 1.99 per cent, ICICI Bank 1.49 per cent, Maruti 1.32 per cent, Dr reddy 1.27 per cent, NTPC 1.08 per cent and Bharti Artl 0.99 per cent. There were more than three losers against every gainer on BSE.

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Several dead after landslides in Indonesia's Bali
The agency said more heavy rains are likely and people should be aware of the possibility of landslides and floods. As of Friday, the count of people injured in the landslide is at four, said Bangli BPBD director I Wayan Darmawan.


Realty major DLF lost 7 percent on reporting a 46 percent fall in quarterly profit post demonetization.

The volume chart was led by Jaiprakash Associates with trades of over 7.60 million shares.

The total turnover on BSE amounted to Rs 3,412.57 crore, higher than turnover of Rs 2,694.12 crore registered during the previous trading session.

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