Sensex Ends At 28,35-Mark; IT, Metal Save The Day

Sensex Ends At 28,35-Mark; IT, Metal Save The Day”

Indian shares ended at their lowest in two weeks on Wednesday, with Tata Motors pulling the indexes down after posting disappointing results.

The benchmark index of Bombay Stock Exchange (BSE) today declined by 12.31 points to end negative at 28,339.31 on profit booking by local operators.

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On similar lines, the NSE Nifty was up by 33.35 points, or 0.37 per cent, at 8,826.90 points.

Stocks of south korea, singapore, Japan and HongKong gained between 0.45 per cent to 1.23 per cent, while Sc (China) fell 0.15 per cent. On the NSE, 12 shares closed in the green, while 38 shares ended the day in the red and one remained unchanged.

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Selling was witnessed in select Mid-cap and Small-cap counters. Among the BSE sectoral indices, IT rose by 0.86% followed by Teck (0.67%), Power (0.37%), Metal (0.31%) and Bankex (0.14%).

Tata Motors is down almost 9% following the company reporting a sharp 96% decline in net profit in the third quarter. On a consolidated basis, Sun Pharmaceuticals Industries' (Sun Pharma) net profit declined 11.23 per cent to Rs 1721.85 crore on 8.41 per cent rise in net sales to Rs 7683.24 crore in Q3 December 2016 over Q3 December 2015.

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Major Sensex losers were: State Bank of India (SBI), down 1.76 per cent at Rs 271.40; Maruti Suzuki, down 1.44 per cent at Rs 6,022.55; Hero MotoCorp, down 1.23 per cent at Rs 3,226.40; Coal India, down 1.23 per cent at Rs 320.75; and Lupin, down 1.17 per cent at Rs 1,447.50. ITC, HDFC Bank, Zee Entertainment Enterprises, Axis Bank, Power Grid Corporation, Bajaj Auto and Asian Paints are up 0.3% - 1.2%. Broader markets are also erasing gains after budget rally. A total of 144 shares were unchanged.

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