- BSE Sensex trades flat after a 141-point fall; experts warn sell-off could continueBSE Sensex ends flat after 141-point fall, experts warn sell-off could continueBSE Sensex rises 66 pts to 1-week high; eco growth estimates eyedHow the markets performed in January and the strategy to be adopted for February
23.10 points higher, as upbeat quarterly results from rival, Arcelor Mittal, triggered hopes of better-than-expected earnings from India’s top steel maker.
Arcelor Mittal reported a 23% y-o-y rise in its Ebitda (earnings before interest, tax, depreciation and amortisation) at $1.9 billion. Tata Steel’s quarterly results will be out on Tuesday.
Among peers, most Asian indices ended in the green on Friday. Nikkei was up 2.17%. Hang Seng (1%), Kospi (0.77%), Straits Times (0.83%), Jakarta Composite (0.95%) and Shanghai Composite (0.56%) were the major gainers. Among European indices, FTSE 100 (0.17%), DAX (0.21%) and CAC 40 (0.23%) were trading in the green at 7 pm IST. However, during the week, Shanghai Composite (-0.53%), Kospi (-0.41%) and Hang Seng (-2.20%) remained negative in dollar terms.
Back home, 20 of the 10 Sensex stocks advanced. For the broader market, the breadth was strong with 2,739 advances against 1,220 declines. Most of the 12 sectoral indices ended in the green. BSE Metal (2.66%), BSE Realty (1.04%) and BSE Healthcare (1.69%) were the major gainers.