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MARKET WRAP: Sensex ends 64 pts lower at 35,593, DHFL dips 6%; BoI jumps 8%

SI Reporter/New Delhi 29 Jan 19 | 08:13 AM

(Photo: Kamlesh Pednekar)

The domestic equity market ended lower for the third consecutive day on Tuesday.

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The S&P BSE Sensex lost 64 points or 0.18 per cent to close at 35,593 while NSE's Nifty50 index ended above 10,650 level at 10,652, down 9 points or 0.088 per cent.

Shares of public sector undertaking (PSU) banks gained in an otherwise weak market with Nifty PSU Bank index ending over 0.50 per cent higher at 2,920. Pharma stocks, too, rallied in the trade pushing the Nifty Pharma index over 1 per cent higher at 8,757 levels.

BUZZING STOCKS

Among individual stocks, shares of Escorts slipped 6 per cent in the intra-day trade, after the management lowered its FY19 volume growth guidance for domestic tractor industry. The stock ended at Rs 644 apiece on BSE, down 4.49 per cent. 

Praj Industries ended nearly 15 per cent higher at Rs 129.05 apiece after its consolidated net profit rose 197.88 per cent to Rs 22.43 crore on 33.04 per cent increase in net sales at Rs 330.31 crore in Q3 December 2018 over Q3 December 2017.

Housing finance companies came under heavy selling pressure with DHFL plunging 8 per cent to Rs 170.05 apiece on BSE. 

On the other hand, Adani Ports rallied over 6 per cent to Rs 348 on BSE. 

In the broader market, S&P BSE MidCap index ended 57 points higher at 14,468 levels and S&P BSE SmallCap closed at 13,708, down 14 points.  

GLOBAL MARKETS

Asian shares stumbled on Tuesday and the dollar hovered near two-week lows as prospects for a long-awaited Sino-US trade deal were dealt another blow after the United States levelled sweeping criminal charges against China’s telecom giant Huawei. 

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was still down 0.2 per cent even after recouping some of its earlier losses. Japan’s Nikkei, down about 1 percent almost all day, turned around to end 0.1 percent higher.

OIL PRICES

Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move that may curb the OPEC member’s crude exports, but price rises were capped by ample global supply and signs of a slowing Asian economy.

(With inputs from Reuters)

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Sensex

Company Price Gain (%)
Reliance Inds.1,382.902.79
Tata Motors235.902.32
Asian Paints1,465.350.65
TCS2,145.500.61
Coal India251.750.22

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