Wednesday, 29 May 2019

Closing Bell: Sensex ends 247 down, Nifty below 11,900; PSU banks close lower


Market close: Indian indices ended lower but off day's low on Wednesday ahead of F&O expiry on May 30.

At close, the Sensex was down 247.68 points at 39,502.05, while Nifty was down 67.70 points at 11,861.10. About 1051 shares have advanced, 1493 shares declined, and 156 shares are unchanged. 

JSW Steel, SBI, Tata Steel, Cipla and Zee Entertainment were major losers on the Nifty, while gainers were Sun Pharma, Bharti Infratel, TCS, GAIL and HCL Tech.

Among the sectors, except IT all other indices are trading in the red led by PSU Bank, infra, auto, metal, energy, FMCG and pharma.

TCS and Scandinavian Airlines sign new partnership: Tata Consultancy Services has signed a new strategic partnership with Scandinavia's leading airline, SAS, the flag-carrier of Sweden, Norway and Denmark.

TTK Prestige Q4:

Net profit up 18.4% at Rs 43.8 crore versus Rs 37 crore and revenue up 6.8% at Rs 444.9 crore versus Rs 416.4 crore.

Operating profit or EBITDA up 10.9% at Rs 64.1 crore against Rs 57.8 crore and tax expense was at Rs 21.3 crore versus Rs 18.5 crore, YoY.

The Indian rupee has recovered a bit from its day's low as its trading lower by 18 paise at 69.87 per dollar versus previous close 69.69.

Adani Enterprises Q4 result: Consolidated net profit rose 50.5% at Rs 283.4 crore against Rs 188.3 crore, revenue up 35.5% at Rs 13,236 crore against Rs 9,767 crore, YoY.

One-time loss at Rs 160.5 crore, EBITDA up at Rs 707 crore and margin at 5.3%

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