Market Buzz Today: Sensex down 182.39 points, Nifty 50 trading 0.41 pct lower; Varun Beverages up 8.97 pct. Eicher Motors down 2.73 pct
The Nifty 50 index was down 50.35 points or 0.41% at 12,087.60. Bank Nifty was 121.85 points, or 0.39%, down to 31,182.20. Here is the list of some stocks:
Benchmark indices were trading near the day's low in afternoon trade. Negative global cues triggered profit selling in domestic shares after gains in the past four trading sessions. At 1:44 pm, the S&P BSE Sensex, advanced was down 182.39 points or 0.4% at 41,123.64. The Nifty 50 index was down 50.35 points or 0.41% at 12,087.60. Bank Nifty was 121.85 points, or 0.39%, down to 31,182.20.
Here is the list of some stocks:
Aurobindo Pharma: Up 5.71%. Operational revenues witnessed a strong growth of 11.9% (YoY) at Rs 5,895 crore in December quarter.
Varun Beverages: Up 8.97%. Rallied after strong earnings growth reported in 2019 and cut in Q4 loss.
TCS: Up 0.37%. Announced a strategic partnership with Coop Sweden to accelerate its business transformation.
Adani Enterprises: Up 1.14%. Airbus India and Adani Defence & Aerospace signed an MoU at DefExpo 2020 to leverage synergies in aerospace and civil aviation sector.
Hester Biosciences: Down 2.05%. Profit down 10.2% at Rs 11.5 crore versus Rs 12.8 crore and revenue was up 10.8% at Rs 50.7 crore versus Rs 45.7 crore, YoY.
BHEL: Up 0.38%. MOU signed with BEL (Bharat Electronics Limited) during DEFEXPO 2020 at Lucknow on February 6, 2020.
Eicher Motors: Down 2.73%. Reported a 2.5%decline in its third-quarter standalone net profit at Rs 488.9 crore.
Strides Pharma: Up 1.35%. The subsidiary, Strides Pharma Global Pte. Limited, Singapore, has entered into a definitive asset transfer and licensing agreement with Pharmaceutics International, Inc.(Pii) to acquire 18 ANDAs for the US market.
Lupin: Down 3.01%. Company's net loss widened in the quarter ended in December 2019.
HCC: Up 1.42%. Earlier, jumped 4% as the company announces plan to reduce debt by Rs 2,100 crore.
BUZZING
Venky's: Shares slump 6% post Q3FY20 results.
United Spirits: Up 3.06%. Up for sixth straight day, hits 52-week high.
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Trent: Up 6.69%. Hits 52-week high post Q3 numbers; revenue jumps 45%.
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