Thursday, 9 November 2017

Closing Bell: Sensex, Nifty End Flat, But Midcaps Shine On Strong Q2 Performance

Posted by suhani varma on Thursday, November 09, 2017 with No comments

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Equity benchmarks snapped two-day fall to close mildly higher but broader markets outperformed on Thursday.

The 30-share BSE Sensex was up 32.12 points at 33,250.93 and the 50-share NSE Nifty rose 5.80 points to 10,309.

About 1,485 shares advanced against 1,211 declining shares on the BSE

Coffee Day Enterprises, the owner of Cafe Coffee Day retail chain, has reported a healthy 267 percent growth year-on-year in profit at Rs 59.8 crore for July-September quarter, driven by one-time gain of Rs 53.2 crore.

The stock was locked at 20 percent upper circuit.Bajaj Electricals today reported a 13.92 percent increase in its net profit at Rs 18.98 crore for the September quarter of the current fiscal.

The company had posted a net profit of Rs 16.66 crore during the same period of the previous fiscal, Bajaj Electricals said in a stock exchange filing.

Total income during the quarter under review stood at Rs 935.54 crore. It was Rs 1,005.75 crore in the July-September quarter of 2016-17.

The company said gross sales for the quarter is not comparable with the previous period due to implementation of GST from July 1.

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