Indian benchmark indices opened on a negative note taking weak cues from the Asian bourses this morning, but recovered in the late morning session itself and thereafter remained standstill throughout the session.
NSE Nifty closed at 8417.15 up 16.80 points, while BSE Sensex closed at 27302.64 up 64.58 points.
LIC Housing Finance reported increase in revenue by Rs 71.48 cr or 2.07%. Its net profit increased by Rs 4.5 cr or 0.91%.
HIL Ltd, a small-cap cement and cement product manufacturer has announced its Q3FY17 results on January 16, 2017 where company posted a de-growth in revenues and a net loss on quarter on quarter basis.
Dewan Housing Finance Corporation Ltd. reported growth in its revenue and net profit by 9.18% and 5.22% respectively.
On the sectoral front, Realty sector remained positive throughout the day and closed making 1.1% gains, banks and financial services too rallied 1%.
Jewellery stocks were gaining in Monday’s trading session. Gitanjali Gems touched a high of Rs 73.50 per share, up by Rs 7.15 per share or 10.77%.
IT tumbled post heavy weight results and ahead of HCL TECH results. Nifty FMCG and Nifty IT closed flat to negative while all other sectors ended in green.
Nifty Pharma closed losing 0.26%. Pharma giants remained under pressure of scrutiny of their business by US government. Sun Pharma was the top loser which pulled down the Pharma index in Monday’s trading session.
The rupee was trading at 68.10 against the US dollar.
Broader markets outperformed that encouraged market breadth to remain positive with 1562 advances and 1218 declines.
Top 5 Nifty Gainers: Tata Steel (2.73%), Tata Motors (2.36%), Adani Ports & Sez (2.28%), SBI (2.17%) and Hero Motocorp (1.49%).
Top 5 Nifty Losers: Infosys Ltd. (-1.80%), Reliance Ind. (-1.36%), ONGC (-1.19%), Sun Pharma (-1.13%) and GAIL (-0.92%)
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