Sensex ends flat; caution prevails ahead of RBI meet

Priya sundarajan Updated - January 12, 2018 at 09:45 PM.

Healthcare, telecom, realty stocks move up near 2%

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Shares closed flat on Friday on caution ahead of the central bank's policy meeting next week, but indexes ended a second straight week with gains after the Budget, aimed at accelerating economic growth, boosted sentiment.

The broader NSE index ended up 0.08 per cent, or 6.70 points at 8,740.95, gaining 1.15 percent for the week.

The benchmark BSE index closed 0.05 per cent or 13.91 points higher at 28,240.52, climbing 1.28 per cent for the week.

Shares of

Reliance Communications rose as much as 19.8 per cent in their biggest percentage gain since May 2009. The stock ended 8.59 per cent higher at Rs 36.65 on the BSE. The special 2G court’s decision to quash all charges against TA Krishnan of Maxis Group comes as big relief for the ongoing merger talks between Aircel and Reliance Communications.

Shares of Sun TV Network surged to their 52-week of Rs 698.65 on the BSE. The stock ended 23.92 per cent higher at Rs 683.85.

Shares of Glenmark Pharmaceuticals today jumped nearly 7 per cent after the company reported an over two—fold jump in consolidated net profit for the December quarter. The stock gained 4.33 per cent or Rs 39.35 at Rs 947.30 on the BSE.

Shares of AstraZeneca Pharma today advanced by nearly 7 per cent after the firm reported a whopping 84 per cent increase in its standalone net profit for the third quarter to December. The stock, which opened the day on a positive note, gained 6.35 per cent to Rs 1,009 on BSE. At NSE, it climbed 6.61 per cent to Rs 1,009.80.The drugmaker yesterday reported an 84.08 per cent increase in its standalone net profit at Rs 15.96 crore for the December quarter. The stock ended 0.70 per cent higher at Rs 955.35.

Shares of BSE made a stellar debut at the NSE today, surging nearly 35 per cent against the issue price of Rs 806. The stock listed on NSE at Rs 1,085, reflecting a huge jump of 34.61 per cent over the issue price. Later, it touched a high of Rs 1,200 and ended at Rs 1,070.55. The close price was 1.33 per cent down over its listing value.

Top gainers on the Sensex: Cipla (+4.1%), Coal India (+1.81%), SBI (+1.72%), Axis Bank (+1.42%) and Dr Reddy's (+1.4 7%).

Top losers on the Sensex: Tata Motors (-1.5%) , ICICI Bank (-1.47%), Reliance (-1.06%) and PowerGrid (-1.03%).

All the BSE indices ended in the green.

Among the sectoral indices, consumer durables was down 0.8 per cent. Telecom and health care indices were the top gainers.

A report by SMC Global said "Asian stocks are mixed as Japanese stocks climbed for the second time in three days, while shares slipped in Shanghai after a week-long holiday for Chinese markets. Investors all around the world await the outcome of a key U.S. monthly jobs report later in the day that will set the tone for the Federal Reserve's policy outlook. The lead from Wall Street offers little clarity as stocks showed a lack of direction on Thursday, bouncing back and forth across the unchanged line before finishing mixed. With central banks from Japan to England and the U.S. signaling they’re in no rush to change policy direction as the world assesses the impact of America’s new leadership on global growth, investors continue to look for clues on economic strength. A report released by the Institute for Supply Management showed growth in the U.S. manufacturing sector accelerated to the fastest rate in over two years in the month of January. The ISM said its purchase managers index rose to 56.0 in January from a revised 54.5 in December, with a reading above 50 indicating growth in the manufacturing sector. Economists had been expecting the index to inch up to 55.0 from the 54.7 originally reported for the previous month."

Published on February 3, 2017 10:43