Stock Market Today: Nifty, Sensex End Lower For Second Consecutive Session Ahead Of Budget
The Nifty ended at 24509.25, down 0.09% or 21.65 points and the Sensex closed at 80502.08, down by 0.13% or 102.57 points.
KEY HIGHLIGHTS
Rupee Ends At Record Closing Low Against US Dollar
The local currency closed at a record low of 83.665 against the US dollar.
It closed at 83.66 on Thursday.
Source: Bloomberg
Nifty, Sensex End Lower For Second Consecutive Session Ahead Of Budget: Closing Bell
Benchmark equity indices closed lower for the second consecutive session on Monday as investors look forward to the final budget and more corporate earnings.
The Nifty ended at 24509.25, down 0.09% or 21.65 points and the Sensex closed at 80502.08, down by 0.13% or 102.57 points.
Considering the Union Budget outcome, wild swings can be expected on both sides where 24,200 will be considered as immediate support while the higher side seems to be capped at 24,800, said Aditya Gaggar, director of Progressive Shares.
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Shares of Reliance Industries Ltd., Kotak Mahindra Bank Ltd., ITC Ltd., Wipro Ltd., and ICICI Bank Ltd., dragged the Nifty.
While those of HDFC Bank Ltd., Infosys Ltd., Mahindra & Mahindra Ltd., NTPC Ltd., and Larsen & Toubro Ltd. limited the losses.
Sectoral indices were mixed at close. Nifty Auto and Nifty Metal rose the most and Nifty Media was the top loser.
Market breadth was skewed in favour of buyers. Around 2,150 stocks rose, 1,845 stocks declined, and 151 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The S&P BSE Midcap and Smallcap indices were 1.26% and 0.88% higher, respectively.
On BSE, 14 sectors ended higher, and six ended lower out of 20. The S&P BSE Power rose the most, while the S&P BSE Energy declined the most.
UCO Bank Q1 Earnings Key Highlights
NII up 12% on the year at Rs 2,254 crore vs Rs 2,009 crore
Net profit at Rs 551 crore vs Rs 223 crore YoY
Net NPA at 0.78% vs 0.89% QoQ
Gross NPA at 3.32% vs 3.46% QoQ
IDBI Bank Q1 Earnings (Standalone)
NII down19% at Rs 3,233 crore vs Rs 3,998 crore (YoY)
Net NPA 0.23% vs 0.34% (QoQ)
Gross NPA 3.87% vs 4.53% (QoQ)
Net profit up 40.4% at Rs 1,719 crore vs Rs 1,224 crore (YoY)
ZF Commercial Vehicle Control Systems Q1 Earnings Key Highlights (Consolidated, YoY)
Revenue down 2.2% at Rs 946 crore vs Rs 967 crore
Ebitda fell 1.6% at Rs 139 crore vs Rs 141 crore
Net profit fell 0.3% at Rs 99 crore vs Rs 100 crore
Margin at 14.7% vs 14.6%
