Epic Research

Sensex, Nifty weak; IndusInd Bank falls post Q4 results

Equity benchmarks were trading almost flat, with a hint of a negative bias as the market looked for cues from key earnings of IndusInd Bank and Yes Bank.

The Sensex was down 21.68 points at 29297.42, while the Nifty was down 14.85 points at 9090.30.

The market breadth was very narrow with 1,386 shares advancing against a decline of 1,358 shares, while 172 shares were unchanged.

State Bank of India, TCS, and Aurobindo Pharma were top losers, while NTPC, Adani Ports, Power Grid and Bharti Infratel gained the most.

Private sector lender IndusInd Bank has reported profit at Rs 751.6 crore and net interest income at Rs 1,667.4 crore for the quarter ended March 2017.

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Sensex, Nifty sluggish; Power Grid, BHEL, NTPC top gainers

Broader markets outperformed, with the Nifty Midcap and Smallcap indices rising half a percent each.

Benchmark indices continued to be directionless in afternoon trade as investors digested IT companies earnings and awaited banks earnings due later today.

The 30-share BSE Sensex was down 31.94 points at 29,287.16 and the 50-share NSE Nifty fell 13.35 points to 9,091.80 while the broader markets gained 0.3 percent on positive breadth.

NTPC, BHEL, Adani Ports, Coal India, GAIL, Power Grid, Bharti Infratel and Tata Power were top gainers in the afternoon while TCS, Infosys, Bharti Airtel, Bajaj Auto, Tata Steel, Aurobindo Pharma, Kotak Mahindra Bank and Tech Mahindra were losers.

Bharti Infratel added over 2 percent intraday on Wednesday as investors palced positive bets on two major investors buying stake in the firm.

Sensex rangebound, Nifty Midcap outperforms; IT, banks stocks slip

Benchmark indices remained listless in noon ahead of IndusInd Bank and Yes Bank's March quarter earnings due later today.

However, the broader markets outperformed, with the Nifty Midcap and Smallcap indices rising half a percent each.

The 30-share BSE Sensex was down 19.50 points at 29,299.60 and the 50-share NSE Nifty slipped 8.20 points to 9,096.95.

The market breadth turned positive as about 1359 shares advanced against 1158 declining shares on the BSE.

Technology, banks and FMCG stocks were under pressure while select infra and auto stocks gained.

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Sensex, Nifty trade almost flat amid volatility; power stocks gain

Epic Update NTPC

Benchmark indices were trading flat, amid volatile moves since morning, as the Nifty hovered around 9100-mark.

The Sensex was up 15.36 points at 29334.46, while the Nifty was up 3.60 points at 9108.75. The market breadth was positive, but narrow, as just 1,312 shares against a decline of 1,002 shares, while 117 shares were unchanged.

NTPC, Adani Ports, Tata Power and Power Grid were the top gainers, while Axis Bank, TCS, Indiabulls Housing Finance lost the most.

RPP Infra Projects was up 2.5 percent intraday Wednesday as it received an order worth Rs 97 crore.

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Epic Research Update : Results Today

IndusInd Bank
Yes Bank
TV18 Broadcast
Network 18

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Indian ADRs: Dr Reddy’s Lab, HDFC Bank, Tata Motors gain

Epic Research Update : Indian ADRs

Indian ADRs ended higher on Tuesday.

In the IT space,
Infosys was up 0.05 percent at USD 14.53 and Wipro added 0.06 percent at USD 9.69.

In the banking space,
ICICI Bank rose 0.15 percent at USD 8.80 and HDFC Bank gained 0.69 percent at USD 77.90.

In the other sectors,
Tata Motors rose 0.18 percent at USD 34.90 and Dr Reddy’s Laboratories rose 0.73 percent at USD 41.20.

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