Photo: The Hindu Business Line
Chennai, India (BBN) - The Sensex and Nifty ended nearly flat due to weak European cues. Also, investors remained cautious ahead of earnings from some more blue-chip companies this week.
The 30-share BSE index Sensex ended up by 45.63 points or 0.14 per cent at 33,731.19 and the 50-share NSE index Nifty closed down by 0.7 point or 0.01 per cent at 10,451.80, reports The Hindu Business Line.
Among BSE sectoral indices, consumer durables index was the star-performer and was up 8.6 per cent, followed by auto 1.16 per cent, IT 0.88 per cent and realty 0.36 per cent. On the other hand, power index was down 0.59 per cent, capital goods 0.38 per cent and banking 0.33 per cent.
Top five Sensex gainers were ONGC (+3.81%), Tata Motors (+3.28%), M&M (+2.49%), Cipla (+2.47%) and TCS (+2.08%), while the major losers were Sun Pharma (-1.96%), NTPC (-1.81%), Bharti Airtel (-1.59%), Lupin (-1.39%) and Axis Bank (-1.19%).
Tata Motors, which is due to report quarterly results on Thursday, surged as much as 4.5 per cent during the session to a three-month high.
EARNINGS SEASON
September quarter earnings of India Inc have been a mixed bag sor far. Going forward, the financial results will play a key role in deciding the market direction. Cipla, Tata Motors, Aurobindo Pharma, M&M, SBI, L&T and Coal India are slated to announce their results this week.
GST COUNCIL MEET
GST Council meeting scheduled for November 9 and 10 in Guwahati also plays a key role in deciding the market movement. According to a reuters report, Prime Minister Narendra Modi had said that if there is a consensus at the meeting, then the government would take necessary steps to help traders and strengthen the country's economy.
ASIAN SHARES
Asian shares stepped away from recent decade highs on Monday, while the US dollar staged a broad-based rally and oil jumped to a more than two-year peak as Saudi Arabia's crown prince cemented his power through an anti-corruption crackdown.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.7 per cent to 552.8 from Friday's top of 557.9 which was the highest since Nov. 2007.
South Korea's KOSPI fell 0.5 per cent. Australian shares were off 0.1 per cent but stayed within striking distance of a more than two-year peak set on Friday. Hong Kong's Hang Seng Index skidded 1 per cent.
BBN/MMI/ANS