Closing Bell: Sensex, Nifty end flat amid US-China trade war woes; Lupin, Titan rally

3:30 pm Market Closing: Benchmark indices closed flat on Friday as investors await March quarter earnings season that will be kicked off by Infosys next week.
The 30-share BSE Sensex was up 30.17 points at 33,626.97 and the 50-share NSE Nifty rose 6.40 points to 10,331.60.
About 1,599 shares advanced against 1,062 declining shares on the BSE.
Lupin, Titan, BPCL, HPCL, Tata Steel, Sun Pharma and Bajaj Finance were top gainers among Nifty50 stocks, rising up to 3 percent.
Infosys, Vedanta, L&T, Bharti Airtel and HCL Technologies were down up to 2 percent.
3:15 pm Market Outlook: Guggenheim Chief Investment Officer Scott Minerd sees a tough road ahead for the market and economy, with a sharp recession and a 40 percent decline in stocks looming. He warned clients that the market is on a ‘collision course with disaster,’ expects the worst of the damage to start in late 2019 and into 2020. Minerd expects the Fed to intervene to stem the crisis, but says that will only make matter worse, reports CNBC.
3:05 pm Green Nod: State-run HPCL received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, Bihar that will entail an investment of Rs 136.4 crore.
This will be the third LPG plant in the state. Currently, Hindustan Petroleum Corporation Ltd (HPCL) has only two LPG plants in Bihar at Patna and Purnia with a bottling capacity of 50,000 cylinders per day.
As per the proposal, the HPCL wants to construct mounded storage vessels with a capacity of 1,050 tonnes and bottling capacity of 120 tonnes per annum in an area of 30 acres in Panapur and Kubeya villages in East Champaran district.
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