Monday, 6 May 2019

Closing Bell: Nifty ends below 11,600, Sensex falls 362 pts on weak global cues; metal stocks drag


Market close: Benchmark indices ended lower but off day's low on Monday amid fresh trade worries between US-China.

The Sensex was down 362.92 points at 38600.34, while Nifty was down 114 points at 11598.30. About 887 shares have advanced, 1581 shares declined, and 166 shares are unchanged. 

Zee Entertainment, Titan Company, Yes Bank, Tata Motors and JSW Steel were among major losers on the indices, while gainers were BPCL, TCS, ITC, Bajaj Finserv and Bharti Airtel.

Except IT, all other sectoral indices ended in red led by metal, infra, bank, auto, pharma and FMCG.

Mahindra CIE Automotive Q1: Consolidated net profit was up 16.7% at Rs 153.7 crore against Rs 131.7 crore, revenue up 8.9% at Rs 2,174.4 crore versus Rs 1,996.5 crore, YoY.

Market Update: Benchmark indices are trading at day's low level on Monday afternoon with Nifty below 11,600.

The Sensex is down 400.57 points at 38562.69, while Nifty is down 129.40 points at 11582.90. About 742 shares have advanced, 1585 shares declined, and 151 shares are unchanged.

Firstsource Solutions Q4: Net profit up at Rs 98.2 crore against Rs 98 crore, revenue down 1.8% at Rs 967 crore versus RS 985.2 crore, QoQ.

Sagar Cements April 2019 consolidated cement production up 3.8% at 2,71,592 MT against 2,61,685 MT in April 2018.

Strides Pharma: The Company has received a communication from the USFDA classifying the facility as Official Action Initiated (OAI) based on the inspection conducted from January 25 to February 5, 2019.

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