Sensex ends volatile session with minor gains; Indiabulls Housing down 8.5%

Sensex ends volatile session with minor gains; Indiabulls Housing down 8.5%

New Delhi, Jun 19: Benchmark indices ended Wednesday’s volatile session little changed, as the last hour buying offset the sudden fall in benchmark indices.
The benchmark S&P BSE Sensex closed at 39,113, up 66 points, or 0.17 per cent, with Tata Steel, Kotak Bank, NTPC, HDFC, and Powergrid pocketing the highest gains. Nifty ended absolutely flat at 11,691.
Nifty sectoral indices traded mixed. Nifty Realty gained the most 1.1 per cent, while Nifty Pharma and Nifty Auto, down 1.6 and 1.1 per cent each, bled the most.
The broader market underperformed the benchmarks, with the S&P BSE MidCap index settling 100 points, or 0.7 per cent, lower at 14,443, while the S&P BSE SmallCap index tumbled 194 points, or 1.37 per cent, to 13,919.
BUZZING STOCKS
Shares of Jet Airways (India) hit a fresh all-time low of Rs 28.60, down 29 per cent, in early morning trade on the National Stock Exchange (NSE) on Wednesday ahead of National Company Law Tribunal (NCLT) hearing later in the day on insolvency plea filed by the lenders. The stock ended the day 18 per cent lower at Rs 33.10.
Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency India Ratings and Research (Ind-Ra) downgraded the company’s long-term issuer rating to ‘IND BBB’ from IND A-“ with negative outlook. By the end of the session, the stock had slid to 28.1 per cent lower at Rs 19.70.
Elsewhere in Asia, Hang Seng rallied 2.56 per cent, Shanghai Composite Index jumped 0.96 per cent, Nikkei soared 1.72 per cent and Kospi gained 1.24 per cent. Stock exchanges in Europe were trading on a mixed note in early deals.
On the currency front, the Indian rupee was flat at 69.70 against the US dollar intra-day. Brent crude futures, the global oil benchmark, fell 0.55 per cent to $61.80 per barrel.