Nifty still holds 9900-level; Jubilant Foodworks gains 6.5% on good Q1

Epic Update Jubilant FoodWorks
Benchmark indices continued to trade steady in the afternoon session, with the Nifty holding to 9900, mark.

The Sensex was up 64.56 points at 32085.31, while the Nifty was up 23.75 points at 9910.10. The market breadth was narrow as 1,283 shares advanced against a decline of 1,272 shares, while 164 shares were unchanged.

Wipro, Adani Ports and Vedanta gained the most on both indices, while ITC and Coal India fell the most.

Shares of Jubilant Foodworks gained over 6.5 percent intraday on Monday as investors cheered the good performance of the firm in the June quarter. The company posted 25 percent rise in its net profit, while its same store sales growth was at 6.5 percent against negative 7.5 percent in Q4FY17 and negative over 3 percent in the same quarter last year.

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