Sensex Ends 241 Points Lower; Telecom & Realty Stocks Witness Selling

Indian share markets witnessed most of the selling pressure during closing hours and ended their trading session lower. Barring metal sectorhealthcare sector and energy sector, all sectoral indices ended on a negative note with telecom stocksrealty stocks, and IT stocks losing the most.

At the closing bell, the BSE Sensex stood lower by 241 points (down 0.7%) and the NSE Nifty closed down by 57 points (down 0.5%). The BSE Mid Cap index ended the day down 0.1% and the BSE Small Cap index ended the day down by 0.4%.

The rupee was trading at 70.74 against the US$.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up 0.1% and the Shanghai Composite was up by 0.7%. The Nikkei 225 was up 2.6%.

Market participants were tracking Sun Pharma share priceBata India share priceCoal India share price, and Oil India share price as these companies announced their December quarter results today.

You can also read our recently released Q3FY19 results: Reliance IndustriesInfosysTCSTridentHDFC BankMaruti SuzukiTata MotorsTata SteelAurobindo PharmaMRFGillette.

In the latest development from the results corner, Hindalco share price was in focus today as the company reported 47% YoY rise in its net profit.

The company reported a consolidated profit at Rs 7.1 billion for the December ended quarter. The company had reported Rs 4.8 billion profit in the same quarter last year.

Revenues rose 8.1% to Rs 119.4 billion as against 110.4 billion in the corresponding quarter previous year.

The earnings before interest, tax, depreciation, and amortization (EBITDA) was reported at Rs 19.3 billion, a growth of 4% YoY.

The above figures included numbers from its Utkal Alumina unit.

In another news, CARE Ratings share price also reported its Q3FY19 results today.

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