Live Market Update: Nifty slips near 11,100; HDFC, ONGC, GAIL rise

SEBI Registered stock advisory companyKey benchmark indices on Wednesday were trading nearly flat in early trade on Wednesday, with Nifty touching a new rise of 11,110 and fall under 11000 marks.

The BSE Sensex was up 20.61 points at 36,160.59. The NSE Nifty index was down 0.40 points at 11,083.30 in the later hours. The broader markets were also trading near flat as the BSE Mid-Cap and Small-Cap Index fell 0.50 percent each.

Indiabulls HF shares were down 1 percent today as the company reported a 55.4 percent rise in its consolidated net profit for the December quarter.

Shares of HDFC, ONGC and GAIL India gained the most in the morning, whereas Bharti Airtel, ICICI Bank, and Hindalco Industries lost the most

Shares of L&T Tech rose 7.5 percent after the company reported a net profit of Rs. 126 crore in Dec quarter.

Shares of United Spirits Ltd fell 5.7 percent to Rs. 3,535.90 after the company reported lower earnings.

On NSE Nifty-50, shares of GAIL India, HDFC, HCL Tech, TCS and ITC were the top gainers while Airtel, Hindalco, Tata Motors, ICICI Bank and Adani Ports were the top losers.

Sensex up 114 points, Nifty above 10,720 mark; TCS, Infosys rose

stock market high Key Indices after opening in a flat note in the morning due to weak Asian cues. However, Sensex and Nifty erased their early losses and were trading in the green. The BSE Sensex was up 79.02 points or 0.23 per cent at 34,850.07 and the Nifty was up 10.4 points or 0.1 per cent at 10,710.85 in later hours.

The Sensex helped by a surge in prices of Infosys and TCS which were up by more than 2 percent each. Shares of ICICI Bank, HDFC Bank and Dr Reddy’s Lab were up by more than 1 percent each. Asian Paints, Coal India, Power Grid shares were among the top losers in the Sensex.

GAIL India, Zee Entertainment and Wipro shares registered gains in the Nifty, whereas shares of Kotak Mahindra Bank and Ambuja Cement posted declines. GAIL India’s stock was up over 1% as the company and Russia’s Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

Shares of Sun Pharma rose over 1 percent to Rs. 583 after the company announced that it got license to sell the generic version of Linzess in US.

Shares of IPCA Laboratories Limited rose over 1 percent to Rs. 580.50 after the company said it acquired Pisgah Labs in US for USD 9.65 million.