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Closing Bell: Strong recovery on the Street sees Nifty end above 10,650; IT stocks gain

Jan 29, 3:38 PM (IST)
Market at close: Benchmark indices has made strong comeback from the lows with Nifty finished just above 10,650 level.

At the close of market hours, the Sensex was down 64.20 points at 35592.50, while Nifty was down 9.30 points at 10652.20. About 1144 shares have advanced, 1346 shares declined, and 140 shares are unchanged.

Adani Ports, Bharti Infratel, Bajaj Finserv, Cipla and Sun Pharma are the top gainers on the Nifty, while top losers include Eicher Motors, GAIL, Yes Bank, HPCL and L&T.

Among the sectors, pharma, IT and FMCG index helped to market recovery, while some selling pressure seen in auto, bank and energy space.

Jan 29, 03:07 PM (IST)
Kansai Nerolac result reaction: Company’s shares fell 1 percent as Q3 net profit fell 10% at Rs 113 crore, while revenue up 18% at Rs 1,350.7 crore.

Jan 29, 02:35 PM (IST)
CLSA on TTK Prestige: Retain buy with target at Rs 9,000 per share. Company remains one of preferred picks in the midcap space. The operating leverage helped deliver a 26-quarter high margin.

Jan 29, 02:21 PM (IST)
Rupee Update: The Indian rupee is trading higher at 71.04 per dollar versus previous close 71.10.

Jan 29, 02:08 PM (IST)
HDFC Q3 result: Net profit down 14 percent at Rs 2,113.8 crore, revenue up 3 percent at at Rs 10,450 crore.

Jan 29, 01:58 PM (IST)
Ramco Cements Q3: Net profit down 17.6 percent at Rs 101.1 crore, revenue up 14.6 percent at Rs 1,210.4 crore.

Jan 29, 01:50 PM (IST)
Just IN | SBI is likely to own 15% stake in Jet Airways after debt switch, reported CNBC-TV18 quoting agencies.

Jan 29, 01:36 PM (IST)
Market Update: Sensex is down 212.76 points or 0.60% at 35443.94, and the Nifty down 58.50 points or 0.55% at 10603.00.
About 963 shares have advanced, 1305 shares declined, and 125 shares are unchanged.

source: moneycontrol.com

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