Benchmark indices recovered more than half of its opening losses, driven by technology, oil stocks and Tata Motors. 3:30 pm Market Closing: Benchmark indices closed sharply lower on Monday as the Sensex was down 309. 16, and the Nifty fell 94. About 1,653 shares declined against 1,140 advancing weizmann forex logo on the BSE.
3:28 pm Earnings: Bosch shares gained 2. 5 percent despite lower-than-expected earnings in Q3. 8 percent at Rs 281 crore was below analyst expectations of Rs 321 crore while revenue grew by 14. 1 percent YoY to Rs 3,071. 9 crore for the quarter ended December 2017. 6 crore and margin expansion of 390 basis points at 14. 6 percent were also lower than CNBC-TV18 poll of Rs 470 crore and 15.
Tax expenses doubled to Rs 152. 3:20 pm Buzzing: Shares of Brooks Laboratories gained 5. 7 percent intraday as the company received certificate for good manufacturing practice. The company share recovered percent 12. 5 from the intraday low and 52-week low of Rs 91. The company’s Vadodara facility has received good manufacturing practice certificate from EU Regulator.