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HomeBusinessSensex Dives 656 Points, Nifty Ends Below 18,000

Sensex Dives 656 Points, Nifty Ends Below 18,000

Benchmark indices continued the selling on the second consecutive day on January 19 with Nifty below 18,000.

At close, the Sensex was down 656.04 points or 1.08% at 60,098.82, and the Nifty was down 174.60 points or 0.96% at 17,938.40. About 1432 shares have advanced, 1766 shares declined, and 72 shares are unchanged.

Asian Paints, Shree Cements, Infosys, Grasim Industries and HUL were the top Nifty losers, while gainers included ONGC, Tata Motors, SBI, Coal India and UPL.

Mixed trend saw on the sectoral front, with auto, metal, power and oil & gas indices ended in the green, while selling was seen in the bank, FMCG, IT, pharma and realty sectors. BSE midcap index fell 0.3 percent and smallcap index ended flat.

JSW Energy’s Q3 consolidated net profit was up at Rs 324 crore versus Rs 123.5 crore and revenue was up 17.1% at Rs 1893.5 crore versus Rs 1608.9 crore, YoY.

Earnings before interest, tax, depreciation and amortization (EBITDA) was up 31% at Rs 791.1 crore versus Rs 603 crore and margin was at 41.8% versus 37.5%, YoY

JSW Energy was quoting at Rs 315.95, up Rs 12.15, or 4.00 percent on the BSE.

Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims, priced between Rs 6.09 lakh and Rs 8.41 lakh respectively (ex-showroom Delhi).

The Tiago iCNG range is priced between Rs 6.09 lakh and Rs 7.64 lakh while the three variants of Tigor iCNG are tagged at Rs 7.69 lakh, Rs 8.29 lakh and Rs 8.41 lakh respectively.

With the launch, the homegrown auto major plans to strengthen its position in the CNG market which has been growing at a fast pace.

Tata Motors was quoting at Rs 520.75, up Rs 9.80, or 1.92 percent on the BSE.

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