Benchmark indices erased all their gains in the last hour on February 13, weighed by RIL, L&T, ICICI Bank and State Bank of India. The Sensex ended just above 36000 while Nifty closed below 10800. The Sensex declined by 0.33% or 119.51 points to 36034.11. The Nifty fell by 0.35% or 37.75 points to 10793.70.
Majority of the sectoral indices closed in red except IT, Realty and Technology.
Market breadth was in favour of declines with an advance-decline ratio of 1:2.
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Stocks in the news
1. Bosch Q3 net profit rose by 19.3% y-o-y to Rs.335.4 crore.
2. Adani Gas Q3 net profit slipped by 6.8% q-o-q to Rs.47 crore.
Buzzing stocks on BSE
1. CG Power and Industrial Solutions fell by 29.63% to Rs.23.75, after reporting the consolidated net loss of Rs.150.18 crore in Q3 December 2018.
2. Shares of Natco Pharma declined by 4.68% to Rs.635, after consolidated net profit slipped by 27% y-o-y to Rs.159 crore in Q3FY2019.
Asian stock markets were mostly higher on February 13, on positive US-China trade sentiment.
European stock markets traded higher amid US-China trade deal hopes.