Sensex, Nifty extend gains; Lupin rebounds, Maruti drags
The market continued to see marginal gains in morning with the Sensex rising 69.27 points to 24407.70 and the Nifty climbing 20.90 points to 7424.90. The BSE Midcap outperformed benchmark indices, up 0.7 percent while Smallcap gained 0.2 percent.
Lupin rebounded after early losses, rising 0.6 percent ahead of third quarter earnings that are expected to be weak due to US business.
Axis Bank, ICICI Bank, Sun Pharma, HUL, Hero Motocorp and Hindalco gained 1-2 percent while Maruti Suzuki, GAIL and Tata Steel were down 1.6-2.6 percent.
Headlines for the day:
Essar Power Hazira earns Rs53 cr sales in December quarter
Zydus Wellness Q3 net profit at Rs27.2 cr
Berger Paints Q3 net profit up 37% at Rs101 crore
RESULT’S ON 5th FEB 2016 :
DIVIS LAB, EICHER, LUPIN, SOBHA, PTC, RADICO, CADILA
Trend in FII flows:
The FIIs were net sellers of Rs -195.92 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs 476.44 Cr, as per the provisional figures released by the NSE.
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