Sensex, Nifty end on mixed note after volatile session; RIL saves the day, Bharti Airtel among gainers

After hitting a record intra-day high of 42,063.93, the 30-share BSE Sensex settled 12.81 points, or 0.03 percent, higher at 41,945.37.

Press Trust of India January 17, 2020 16:46:04 IST
Sensex, Nifty end on mixed note after volatile session; RIL saves the day, Bharti Airtel among gainers
  • After hitting a record intra-day high of 42,063.93, the 30-share BSE Sensex settled 12.81 points, or 0.03%, higher at 41,945.37

  • In percentage terms, IndusInd Bank, SBI, HDFC, ICICI Bank and L&T were among the top losers

  • Bharti Airtel, Reliance, Sun Pharma, HCL Tech and Maruti Suzuki emerged as major gainers

Mumbai: Market benchmarks Sensex and Nifty ended on a mixed note after a volatile session on Friday, with gains in Reliance Industries offsetting losses in other heavyweights HDFC, ICICI Bank and TCS.

After hitting a record intra-day high of 42,063.93, the 30-share BSE Sensex settled 12.81 points, or 0.03 percent, higher at 41,945.37.

Sensex Nifty end on mixed note after volatile session RIL saves the day Bharti Airtel among gainers

Representational image. Reuters

The broader NSE Nifty, however, ended 3.15 points, or 0.03 percent, down at 12,352.35.

On the Sensex chart, Bharti Airtel was the top gainer, rallying 5.47 percent, after experts said the Supreme Court's rejection of a review of its order that put Rs 1.47 lakh crore liability of past dues on telcos, will weaken Vodafone Idea's ability to compete in the Indian market; in turn, providing an opportunity for Bharti Airtel and Reliance Jio to gain market share.

Shares of Vodafone Idea plunged 25.21 percent.

Ahead of their quarterly earnings, Reliance Industries and HCL Tech advanced up to 2.79 percent, while TCS fell 0.79 percent.

Heavyweight HDFC dropped 1.23 percent.

In percentage terms, IndusInd Bank, SBI, HDFC, ICICI Bank and L&T were among the top losers.

On the contrary, Bharti Airtel, Reliance, Sun Pharma, HCL Tech and Maruti Suzuki emerged as major gainers.

According to traders, domestic investors are awaiting directional cues from key corporate results for cues amid concerns over higher bank non-performing assets and a spike in retail inflation.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended higher. European markets also started on a positive note.

Brent crude oil futures rose 0.36 per cent to $64.86 per barrel.

The rupee depreciated 11 paise to 71.04 per US dollar (intra-day).

Updated Date:

also read

Market Roundup : Sensex ends flat at 53,177; Nifty holds 15,850; check top gainers and laggards
Business

Market Roundup : Sensex ends flat at 53,177; Nifty holds 15,850; check top gainers and laggards

Weak global trends and persistent foreign fund outflows coupled with rising crude prices led to domestic markets snapping their three-day positive streak. However, they bounced back on the back of gains in oil & gas, metal, and auto sectors.

Market Roundup: Sensex climbs 433 points, Nifty ends above 15,800; check top gainers and losers
Business

Market Roundup: Sensex climbs 433 points, Nifty ends above 15,800; check top gainers and losers

Markets ended higher for the third consecutive session led by a rally in IT stocks and positive global sentiment

Market Roundup: Sensex climbs 462 points; Nifty ends at 15,699; check major winners and laggards
Business

Market Roundup: Sensex climbs 462 points; Nifty ends at 15,699; check major winners and laggards

Among the sectoral indices, IT was the only laggard. Media was the biggest gainer. Oil & gas, banking, financial services, consumer durables, auto, metal and FMCG rose between 1 and 2 percent. BSE Midcap and Smallcap indices gained over 1.5 percent.