Sensex Off Record Highs, Nifty Holds 11,100; Symphony Tanks 19% - Dollar Advisory & Financial Services

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Wednesday 25 July 2018

Sensex Off Record Highs, Nifty Holds 11,100; Symphony Tanks 19%

The Sensex is up 35.89 points or 0.10% at 36860.99, while the Nifty is up 1.50 points or 0.01% at 11135.80. The market breadth is positive as 1157 shares advanced, against a decline of 588 shares, while 104 shares were unchanged.

The Nifty Midcap index is up around 0.40 percent as well. Among stocks, shares of Symphony have tanked 19 percent after the company’s net profit for Q1 fell 49 percent. Asian Paints, too, has fallen over 2 percent after its June quarter performance. 

Adani Ports, Vedanta, Bajaj Finserv and Indiabulls Housing are the top gainers, while Asian Paints and Airtel have lost the most. Shares of Symphony touched 52-week low of Rs 1,132.20, down 19 percent in the opening trade on Wednesday on the back of poor June quarter numbers.

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