After opening lower to the previous close Indian equity market gained the momentum in the morning trade but slipped into red in closing hours. Nifty touched the high of 5960 but shed the intraday gain and sunk below 5900. 50 share index ended the day at 5881 plunging by 40.40 points while Sensex shed over 250 points from its intraday high and ended the day at 19429.23 down by 90.26 points.
Indian rupee fell below the 57 mark, depreciating by 19 paise to 57.03 per dollar that pushed shares of IT services exporters higher.
Indian rupee fell below the 57 mark, depreciating by 19 paise to 57.03 per dollar that pushed shares of IT services exporters higher.
Generic drugs maker Dr Reddy's Laboratories' fourth quarter consolidated net profit surged 67% year-on-year to Rs 571 crore, helped by a sharp increase in other income.
Reliance Industries Ltd’s telecom arm (Reliance Jio Infocomm) will lease up to 45,000 mobile masts from Reliance Communications Ltd in a deal valued at more than Rs 12,000 crore over the lifetime of the contract.
Among the sectoral indices CNX IT was the biggest gainer of the day surging 1.37% while CNX PSU Bank fell down by 1.87% & was the biggest loser.
Out of 50 stocks of Nifty 10 stocks ended in positive terrain while 40 stocks in negative.
Top 5 Nifty gainers: TCS (3.53%), Dr. Reddy (2.68%), BPCL (1.45%), LUPIN (1.02%) and Infosys (0.86%) were among the top Nifty gainers.
Top 5 Nifty losers: JP Associate (-3.30%), Axis Bank (-3.25%), Bharti Airtel (-2.69%), BOB (-2.61%) and Maruti (-2.61%) were top laggards.
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