Friday, 16 December 2016

SENSEX Finishes Flat


The Indian share market remained flat and headed for a close below the dotted line.

At the closing bell, the BSE Sensex closed lower by 39 points, whereas the NSE Nifty finished lower by 13 points.

The S&P BSE Midcap ended flat while the S&P BSE Small Cap finished down by 0.3%.

Sectoral indices ended the day on a flat note. Metal sector and realty stocks led the losses. While, information technology and FMCG stocks witnessed maximum buying activity.

You can check the BSE gainers today.

The rupee was trading at Rs 67.78 against the US$ in the afternoon session. Oil prices were trading at US$ 50.77 at the time of writing this share market news.

According to an article in Livemint, Bharat Heavy Electricals Ltd (BHEL) has bagged a major order from Indian Railways for supply of IGBT-based traction converters. The order is for the supply of 118 sets of IGBT-based Traction Converters for 3 Phase 6,000 HP Electric Locomotives from the Railways.

BHEL share price ended the day down by 2.2%

Moving on to the news from stocks in Pharma sector.

Claris Lifesciences share price surged as much as 20% after the company said it will sell its global generic injectables business to US-based Baxter International Inc. for US$625 million.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.


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