Thank you readers! Here are the key highlights from today's session

- Market Fails To Hold Opening Gains, Closes Near Flatline

- Sensex Closes 25 Points Lower At 37,663 and Nifty Gains 6 Points To 11,102

- Nifty Bank Advances 19 Points To 21,510 and Midcap Index 85 Points To 15,726

- Reliance Slips 3% From Highs To End 1% Lower; Drags Nifty By 18 Points

- Improved China Data Helps Metal Stocks Gain; Hindalco, Tata Steel Top Nifty Gainers

- Autos Continue To Move Higher On Demand Recovery; Tata Motors, Eicher Up 4-5%

- Strong Demand For The `10,000 Cr QIP Helps Axis Bank Gain Over 1%

- Info Edge Hits Record High After Co Launches `1,875 Cr QIP

- Cadila Health Slips Despite Reporting Earnings Above Estimates

- SAIL Moves 6% Higher After Reporting Improved Volumes In July MoM & YoY

- Market Breadth Favours Advances; advance-Decline Ratio At 2:1

Aug 5, 2020 3:50 PM

Closing Bell: Sensex, Nifty end flat; metals gain, RIL declines

Indian indices pared gains to end flat on Wednesday after heavyweights HDFC Bank, RIL, and Infosys turned negative. However, gains in metals and auto stocks capped the decline. The Sensex ended 24 points lower at 37,633 while Nifty rose 6points to settle at 11,101. Hindalco, Tata Steel, Eicher Motors, Adani Ports and Tata Motors were the top gainers on the Nifty50 index while UPL, HDFC Life, Powergrid, HDFC Bank and Wipro declined the most on the index. Broader markets outperformed benchmarks with the Nifty Midcap and Nifty Smallcap indices up 0.6 percent and 1.2 percent, respectively. Among sectors the metal index surged over 4 percent followed by Nifty Auto, up 2 percent. Meanwhile, pharma and FMCG indices ended the day in the red.

Aug 5, 2020 3:35 PM

Aug 5, 2020 3:23 PM

Nifty can head to 11,600 if it takes out 11,250, says Jai Bala

The markets is in a bit of "no man's land" and struggling to break out on either side, Jai Bala of cashthechaos.com told CNBC-TV18. He added that the 10,880 would be a crucial support while resistance is at 11,250. "The key problem for the market is Reliance Industries Ltd (RIL) in a positive way. Today it missed the all-time high by about a couple of rupees. I would say if it does get taken out, the next resistance comes in about Rs 2,300 for RIL," he said. Watch video here

Aug 5, 2020 3:12 PM

JUST IN: Bharti Airtel signs pact with Amazon Web Services for cloud services to drive digital growth

Aug 5, 2020 3:02 PM

Strides Pharma reports an increase of 14% in revenue and 28% in EBITDA year-on-year

Aug 5, 2020 2:53 PM

Cadila announces completion of Phase I clinical trial of ZyCoV-D; Phase II from Aug 6

Zydus Cadila on Wednesday announced that its plasmid DNA vaccine to prevent COVID-19, ZyCoV-D was found to be safe and well-tolerated in Phase I clinical trial. The company will now commence Phase II clinical trials from August 6. The company reported that the doses of the vaccine administered to healthy volunteers in Phase I clinical trial, which began on July 15, has been well-tolerated. Previously, the vaccine was found to be safe, immunogenic and well-tolerated in the pre-clinical toxicity studies.

Aug 5, 2020 2:40 PM

India well placed to be beneficiary of supply chain diversification: JPMorgan

India is well placed to take advantage of supply chain diversification as several multinationals around the world are looking to reduce "single-country risk", said James Sullivan, MD of Asia Equity Research at JPMorgan. “India is perhaps the best-placed in the world right now to take a share of global manufacturing, to take a share of supply chain diversification," he said. Sullivan, however, said JPMorgan is 'underweight' on India right now. Watch video for full interview

Aug 5, 2020 2:24 PM

Commodity Update | Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel Broking Ltd

Gold has been really precious for investors in 2020 with an astounding double digit returns of 34 percent YTD in dollar terms and still continues its shine. The liquidity push by Central Banks across the globe has been a deciding factor for premium in gold prices as the pandemic continues to ravage global economy. The easy money policy is resulting in to chasing higher yields on asset classes which are considered to be safe in times of uncertainty, and nothing like gold, the safe haven asset which has historically been a go to investment for investors. Unless, global economy starts its recovery path, precious metals will continue to shine for the rest of 2020.

Aug 5, 2020 2:11 PM

Jyothy Labs Q1FY21 | The comapny reported 33.7 percent rise in net profit at Rs 50.01 crore in Q1FY21 against Rs 37.4 crore, YoY. Revenue rose 2.5 percent to Rs 432.9 crore from Rs 422.5 crore, YoY. EBITDA increased 16.7 percent to 76.52 crore while EBITDA margin expanded to 17.7 percent from 15.5 percent, YoY.

Aug 5, 2020 2:01 PM

EID Parry Q1FY21 | The company reported consolidated net profit of Rs 29.3 crore in Q1FY21 as against a loss of Rs 27.7 crore in the year-ago period. Revenue rose 32.5 percent to Rs 4,142 crore from Rs 3,127 crore, YoY. EBITDA increased 168 percent to Rs 430.6 crore from Rs 160.9 crore while EBITDA margin expanded by 520 bps to 10.4 percent from 5.2 percent, YoY.

Aug 5, 2020 1:52 PM

Force Motors July auto sales | The company's total sales for the month of July 2020 fell 55.7 percent to 1,129 units versus 2,551 units. Total domestic sales were at 998 units and exports were at 131 units.

Aug 5, 2020 1:47 PM

Godrej Properties reports loss against profit in the same quarter last year

Aug 5, 2020 1:32 PM

BUZZING: Sunteck Realty rises above 12%, it's biggest intra-day gain in over 6 weeks

Aug 5, 2020 1:13 PM

JUST IN: Mindtree appoints Venu Lambu as president of global markets

Aug 5, 2020 1:07 PM

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