After a whiff of euphoria over euro zone debt crisis ebbing, the Indian stock market once again was gripped by negativity in Monday?s trade with the benchmark index Sensex witnessing a highly volatile session through the day and finally succumbing in the red.
Sensex closed the day at 17.708.58, down 96.22 points, or 0.54%. Meanwhile, the NSE 50-stock index closed the day at 5,326.60, down 34.10 points, or 0.64%.The 30-stock gauge rallied 7.6% in October, its biggest monthly advance since March. The BSE 200 Index lost 0.4% to 2,155.58.
Bank of Baroda (BoB) advanced 4.3% to R771.15, the most since September 7, after the state-run lender posted second-quarter profit of R1,170 crore ($240 million), up 15% from a year ago, and above analysts? estimate of R1,090 crore.
Essar Ports surged by its daily 20% limit to R80.4, the steepest gain since April, 2001. The stock was rated new buy with a price estimate of R89 a share at Bank of America Merrill Lynch by analysts Deepak Agrawala and Bharat Parekh, according to a report dated October 28.
Hindustan Unilever rallied 7.1% to R375.80, a record close, after the Indian unit of Unilever reported profit that exceeded analysts? estimates for a third straight quarter. Net income increased 22% to R689 crore for the three months ended September 30, according to a statement. That beat the R581 crore median of 25 analyst estimates compiled by Bloomberg.
Indian Bank jumped 6.3% to R217.65, the most in more than 12 months, after reporting second-quarter net income that rose 13% from a year ago to R4.69 crore, exceeding analysts? estimate of R421 crore.
Redington India gained 2.2% to R95.05, the biggest gain in almost two months. The provider of supply-chain services said group profit in the second quarter climbed 24% from a year earlier to R61.27 crore.
Tata Global Beverages climbed 3.2% to R92.60, its highest close since September 21. The company?s profit for the quarter ended September rose 49% to R76.95 crore.