Sensex, Nifty volatile; SBI up 1.5% post Q3 results

10/02/2017 14:23

The key domestic benchmark indices turned volatile during the late noon trading session amid some selling pressure witnessed in stocks including Lupin, ITC, Gail and Cipla among others.

At 14:23 hours, the 30-share benchmark index was trading at 28374.52 up by 44.82 points or by 0.16 per cent and then NSE Nifty was at 8791.9 up by 13.5 points or by 0.15 per cent.

Besides, better-than-expected earnings by some companies fuelled the positive sentiment.

Sensex touched intraday high of 28456.18 and intraday low of 28287.95 The NSE Nifty touched intraday high of 8822.1 and intraday low of 8771.2.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 311.30,+2.25%), Tata Steel Ltd. (Rs. 469.30,+2.04%), Tata Consultancy Services Ltd. (Rs. 2369.00,+1.93%), Infosys Ltd. (Rs. 964.50,+1.73%), State Bank of India (Rs. 279.80,+1.43%), among others.

State Bank of India reported a 134 per cent jump in its standalone net profit at Rs 2,610 core in the third quarter ended December 31, 2016 against Rs 1,115 core in the year-ago period.

The nation’s top lender assets reported its first jump in quarterly profit since mid-2015, which also beat analysts’ expectations, helped by lower provisions for bad loans.

The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1474.00,-1.43%), Dr. Reddy’s Laboratories Ltd. (Rs. 2983.95,-1.21%), ITC Ltd. (Rs. 274.05,-1.21%), Cipla Ltd. (Rs. 580.60,-1.09%), GAIL (India) Ltd. (Rs. 485.85,-0.94%), among others.

Among the sectors, IT index was at 10015.07 up by 148.2 points or by 1.5%. Intrasoft Technologies Ltd. (Rs. 397.90,+5.17%), Firstsource Solutions Ltd. (Rs. 46.70,+2.98%), Mahindra & Mahindra Ltd. (Rs. 499.30,+2.97%), Mastek Ltd. (Rs. 187.90,+2.85%), Polaris Consulting & Services Ltd. (Rs. 167.25,+2.70%),.

On the flip side, FMCG index was at 8933.51 down by -37.94 points or by -0.42%. Triveni Engineering & Industries Ltd. (Rs. 74.85,-8.38%), Sakthi Sugars Ltd. (Rs. 38.80,-6.17%), Venky’s (India) Ltd. (Rs. 692.00,-3.66%), Bannari Amman Sugars Ltd. (Rs. 2250.00,-2.94%), Kwality Ltd. (Rs. 147.80,-1.63%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3052 , shares advanced were 1381 while 1495 shares declined and 176 were unchanged.

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