Sensex Trades Marginally Lower; Telecom & Healthcare Stocks Drag

Share markets in India are presently trading on a negative note. Barring energy sector, all sectoral indices are trading in red with stocks in the telecom sectorFMCG sector and healthcare sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 81 points (down 0.2%), while the NSE Nifty is trading down by 26 points (down 0.2%). The BSE Mid Cap index is trading down by 0.4% and the BSE Small Cap index is trading down by 0.5%.

The rupee is trading at Rs 71.14 against the US$.

Market participants are tracking WiproNIIT TechnologiesL&T InfotechDhanlaxmi Bank as they announce their December ended quarter results today.

In the latest development from the results corner, Hindustan Unilever share price has posted 9% growth in its net profit at Rs 14.4 billion as compared to Rs 13.3 billion in the same period last year.

Revenues came in at Rs 93.6 billion in Q3FY19, witnessing a growth of 12.4% against Rs 83.2 billion in Q3FY18.

To know more about the company you can read HUL Q3FY19 Result Analysis and HUL Annual Report Analysis on our website.

You can also read our recently released Q3FY19 results: Zee Entertainment's latest result analysisReliance IndustriesFederal BankInfosysTCSTrident.

In the news from the commodity space, oil prices edged higher today after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply.

Looking at oil supplies, 2019 crude prices have been supported by supply cuts from a group of producers around the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) as well as non-OPEC member Russia.

OPEC oil supply fell by 460,000 barrels per day (bpd) between November and December, to 32.7 million bpd, as top exporter Saudi Arabia made an early start to a supply-limiting accord, while Iran and Libya posted involuntary declines.

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