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Key Indian benchmarks end positive but fails to cling to its intraday gains

| | Jan 25, 2016, at 11:17 pm
#Nifty # Sensex # Indian market
Mumbai, Jan 25 (IBNS): The Indian benchmarks could not hold on to the gains seen during Monday's intraday trade and the Sensex ended up 50 points at 24,486 and the Nifty up 14 points at 7,436, largely due to dip in oil prices and weak global cues.

Oil prices that had rallied on Friday, dipped on Monday.

The Indian market is also exercising caution ahead of expiry of January derivative contracts.

For its December quarter, HDFC Bank reported a 20% gain in profit compared to the same quarter in 2015; results matching analysts' expectations.

Share price of SpiceJet rose 11%after it posted a net profit of Rs 238.4 crore in December 2015 quarter against a loss of Rs 275 crore in the year-ago period.

ICICI Bank, Sun Pharma, ONGC, HUL, Coal India and Tata Steel were some of the key gainers while L&T, Tata Motors, Hero MotoCorp, Lupin, GAIL and M&M were some of the key losers.

The Indian rupee ended Monday at 67.73 to the US dollar.

The Indian market will be closed on Tuesday for Republic Day holiday.

 

 

Image: Wikimedia Commons

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