Share markets in India ended flat ahead of key corporate results and as profit booking in index heavyweights capped gains. At the closing bell, the BSE Sensex closed lower by 24 points. While, the NSE Nifty finished higher by 4 points. Meanwhile, the S&P BSE Midcap Index finished up by 0.4% while the S&P BSE Small Cap Index ended up by 0.5%.
BSE sectoral indices ended the day on a mixed note. Among them, realty sector gained the most by 0.8%, followed by oil & gas sector 0.8%, while banking sector & information technology sector both finished down by 0.2% & 0.1% respectively.
Cipla, Bharti Airtel, Asian Paints, Bajaj Auto, were among top gainers, whereas Axis Bank, Tata Motors, Bajaj Finance and Dr Reddy’s Labs lost a percent each.
Overseas, Asian equity markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.38% and the Hang Seng rose 0.02%. The Shanghai Composite lost 0.19%. European markets are mixed today. The FTSE 100 is up 0.09% while the DAX gains 0.07%. The CAC 40 is off 0.21%.
The rupee was trading at Rs 64.92 against the US$ in the afternoon session. Oil prices were trading at US$ 52.14 at the time of writing.
Aurobindo Pharma share price rose 1.5% after the company said it has received final approval from the USFDA to manufacture a therapeutic equivalent generic version of AstraZeneca’s Nexium 24HR Capsules.
Automobile stocks ended the day on a mixed note with TVS Motors and Tata Motors witnessing maximum selling pressure. Bajaj Auto reported results for second quarter ended 30 September 2017.
The company reported a marginal fall of 1% in its net profit at Rs 11.1 billion for the quarter ended 30 September2017 as compared to Rs 11.2 billion for the same quarter in the previous year.
