Closing Bell: Sensex, Nifty end sharply lower pulled by RIL, HDFC twins, bank stocks##Closing Bell: Sensex, Nifty end sharply lower pulled by RIL, HDFC twins, bank stocks

The Sensex ended 356 points lower to 37,165, declining by nearly a percent, while the Nifty 50 dipped by 101 points, or 0.89 percent, to 11,245. Midcap ended marginally higher by 0.11 percent, while Bank Nifty declined by 0.87 percent or over 240 points dragging the indexes lower. The market breadth remained largely neutral with 1350 shares advancing on the BSE against 1326 declines. Top losers included Bharti Airtel, Kotak Mahindra Bank, Maruti Suzuki India, Grasim, Reliance Industries, HDFC, while top gainers include pharma, oil, FMCG stocks.Asian markets ended sharply lower with Hong Kong's Hang Seng down by over 2 percent, while Japan's Nikkei ended over 1 percent lower.

Aug 2, 2018 3:48 PM

Coal India rises over 1% on higher output##Coal India rises over 1% on higher output

Shares of Coal India gained over 1 percent because the state-owned mining company's production rose 10.6% on year to 40.56 million tonne in July. The offtake and despatches rose 8.9% on year to 48.25 million tonne in July. At 3.25 pm, Coal India stock was up 0.7% at Rs 272.50. The stock rose for the second consecutive session today, and so far has gained over 5 percent.

Aug 2, 2018 3:31 PM

Nifty Auto down by 1.3%, M&M, Tata Motors, Maruti Suzuki among top losers##Nifty Auto down by 1.3%, M&M, Tata Motors, Maruti Suzuki among top losers

Aug 2, 2018 3:22 PM

Here's a snapshot of June quarter results declared so far##Here's a snapshot of June quarter results declared so far

Godrej Properties Q1 consolidated net profit down 65.4% at Rs 34.3 cr Vs Rs 99.2 cr (YoY); revenue up 24.5% at Rs 997 cr Vs Rs 801 cr; EBITDA down 34.9% at Rs 67 cr Vs Rs 103 cr (YoY); EBITDA margin at 6.7% Vs 12.9%.

GE Power Q1 net profit down 77% at Rs 2.4 cr Vs Rs 10.6 cr (YoY); Revenue up 28.7% at Rs 443.1 cr Vs Rs 344.3 cr (YoY); GE Power Q1 EBITDA down 37.5% at Rs 10 cr Vs Rs 16 cr (YoY); EBITDA margin at 2.2% Vs 4.6% (YoY).

Ramco Cements net profit at Rs 125 Cr Vs CNBC-TV18 Poll of Rs 132 Cr; Ramco Cements Q1 net profit down 5.3% at Rs 125 cr Vs CNBC-TV18 poll of Rs 132 cr.

Pfizer Q1 Standalone net profit at Rs 91.8 Cr Vs Rs57.2 Cr (YoY; Revenue up 21.7% at Rs 512.3 Cr Vs Rs 420.9 Cr (YoY); Pfizer Q1 Standalone EBITDA up 65% at Rs 130.7 Cr Vs Rs 79.2 Cr (YoY); EBITDA margin at 25.5% Vs 18.8% (YoY).

Majesco Q1 consolidated net profit at Rs 14.9 cr Vs Rs 10.1 cr (QoQ); Revenue up 6.1% at Rs 229.4 Vs Rs 216.7 cr (QoQ).

Aug 2, 2018 3:20 PM

Marico reports an improved set of earnings on a low base##Marico reports an improved set of earnings on a low base

Aug 2, 2018 3:11 PM

Marico Q1FY19 consolidated net profit at Rs 260.1 crore##Marico Q1FY19 consolidated net profit at Rs 260.1 crore

Marico Q1 consolidated net profit at Rs 260.1 crore Vs CNBC-TV18 poll Of Rs 264 crore. Marico's operational performance misses CNBC-TV18 poll, with margin falling 90 bps short of expectations. India business EBIT is up 8.2% at Rs 297.6 crore Vs Rs 275 crore (YoY). International business EBIT up 7.6% at Rs 79.3 crore Vs Rs 73.7 crore (YoY).

Marico shares traded at Rs 352, down by Rs 16.50, or by 4.48 percent on the BSE at 3.06 pm. Intra-day, it has traded between Rs 370.70 and Rs 350.40.

Commenting on the Q1FY19 performance, Saugata Gupta, MD & CEO said, “We had a satisfactory start to the year delivering healthy topline growth coupled with a resilient margin performance. The domestic business recorded broad-based volume growth while the international business got off to a slower start. The prospects for the rest of the year look encouraging as offtake growth and market shares are trending favorably. We will continue to aggressively drive growth in core and new growth engines by investing behind brands and capability building.”

Aug 2, 2018 3:08 PM

Reliance, HDFC twins, TCS, ITC are among top losers on Sensex today##Reliance, HDFC twins, TCS, ITC are among top losers on Sensex today

Aug 2, 2018 3:01 PM

Market update: Sensex drops over 300 points, Reliance, HDFC twins top drag##Market update: Sensex drops over 300 points, Reliance, HDFC twins top drag

The Sensex was trading at over 300 points lower, or down by 0.80 percent, at 37,219.64 at 2.44 pm, while the Nifty traded at 11,260, declining by 0.76 percent, or 86 points. Reliance Industries declined by 1.65 percent, while HDFC was lower by 1.72 percent. HDFC Bank traded lower by 1.58 percent. Other laggards include Bharti Airtel (down by 2.62 percent), Kotak Bank (2.09 percent), Maruti Suzuki (1.72 percent). Vedanta, Yes Bank, ITC, Asian Paints, TCS all declined by up to 1.51 percent.

Aug 2, 2018 2:52 PM

Pfizer Q1 Standalone net profit at Rs 91.8 crore##Pfizer Q1 Standalone net profit at Rs 91.8 crore

Aug 2, 2018 2:42 PM

Shares of Venky, Tinplate, Dilip Buildcon surge##Shares of Venky, Tinplate, Dilip Buildcon surge

Shares of Venky’s (India) surged by over 18 percent to Rs 2,657.85, gaining Rs 407.80 in value in the trade. The poultry processing company’s stock touched a high of Rs 2,699 and a low of Rs 2,370 in intra-day trade on the BSE.

Tinplate Company of India’s share rose over 15 percent to Rs 185.50, adding Rs 24.75 to the stock value on the BSE index. The packaging company’s share price ranged between a high and a low of Rs 188.10 and Rs 170 respectively.

Construction engineering company, Dilip Buildcon’s scrip rose 7.56 percent to Rs 853, gaining by Rs 59.95 on the BSE. It hit a high of Rs 869.82 and a low of Rs 818, after opening at Rs 843.

Aug 2, 2018 2:41 PM

Ramco Cements net profit at Rs 125 crore##Ramco Cements net profit at Rs 125 crore

Aug 2, 2018 2:05 PM

Market update: Sensex widens losses, falls by over 260 points##Market update: Sensex widens losses, falls by over 260 points

Markets widened losses early afternoon on Thursday, dragged lower by sustained selling in banks, auto, metal, realty stocks. The Sensex was trading lower by 266.08 points, or by 0.71 percent, to 37,255, while the broader Nifty too shed over 75 points, or 0.61 percent, to trade at 11,271. Bharti Airtel (3.43 percent), Kotak Mahindra Bank (1.71 percent), Reliance Industries (1.56 percent), HDFC (1.51 percent), Maruti Suzuki India (1.49 percent), Vedanta (1.49 percent), HDFC Bank (1.27 percent) were among top losers on the BSE index, while Power Grid, Coal India, Hindustan Unilever, Sun Pharma, IndusInd Bank, Wipro, ONGC surged by up to 1.90 percent. Nifty gainers include Dr Reddy, Lupin, HPCL, Sun Pharma, IndiaBulls Housing Finance, rising by up to 2.44 percent. HCL Tech, Bharti Airtel, Kotak Bank, Maruti, Yes Bank declined by up to 1.63 percent on the NSE index. Nifty Bank is down by 0.75 percent among sectoral indices, while Auto, Fin Service, Realty, PVT Bank, PSU Bank too were down. Nifty Pharma is trading higher by 1.51 percent and Nifty Metal is up by 0.3 percent.

Aug 2, 2018 1:35 PM

Slowdown happening in retail due to new axle load norms: Tata Motors##Slowdown happening in retail due to new axle load norms: Tata Motors

Shares of Tata Motors traded at Rs 263.62, down by nearly half a percent on the BSE. Also, the company says slowdown in retail business is due to new axle load norms, said Girish Wagh, head of commercial vehicle business unit at Tata Motors. Watch full interview here.

Aug 2, 2018 1:29 PM

Happy to have won long rails order from Indian railways: Naveen Jindal##Happy to have won long rails order from Indian railways: Naveen Jindal

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Aug 2, 2018 1:14 PM

Nifty Bank lower by 170 points##Nifty Bank lower by 170 points

Aug 2, 2018 12:49 PM

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