Sensex extends losses, Nifty breaks 10,150; ONGC, Sun Pharma fall 3-4%

Equity benchmarks extended losses amid volatility, tracking weak global cues after trade deficit data.

The 30-share BSE Sensex was down 117.83 points at 32,824.04 and the 50-share NSE Nifty fell 44.20 points to 10,142.40.

Shares of Sun Pharmaceutical Industries today fell by over 3 percent after the company reported a 59.19 percent decline in consolidated net profit for the September quarter.

Pharma major Sun Pharmaceutical Industries yesterday reported a 59.19 percent drop in consolidated net profit to Rs 912.12 crore for the September quarter, mainly on account of degrowth in the US sales.

The company had posted a net profit of Rs 2,235.14 crore for the corresponding period of the previous fiscal, Sun Pharma said in a BSE filing.

Consolidated total revenue from operations stood at Rs 6,650.34 crore. It was Rs 8,260.11 crore in the same period of the previous year.

For more information & more gold and silver tips

Call us ✆ – 0731-6642300 or

Visit http://ift.tt/1k8NnLH

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Follow @Epic_Research

Posted in: Indian Market Tips