Reliance gains more than 3% ahead of JioFiber launch##Reliance gains more than 3% ahead of JioFiber launch

Aug 8, 2018 3:46 PM

Closing Bell: Sensex, Nifty, Nifty Bank end at record high, Reliance lifts indexes##Closing Bell: Sensex, Nifty, Nifty Bank end at record high, Reliance lifts indexes

Indian equity markets ended on a strong footing on Wednesday after a day of volatile trade. The Sensex, Nifty 50 and Nifty Bank ended the day at record high, with the Nifty Bank settling above 28,00 for the first time ever. The Sensex closed 222 points higher, or with gains of 0.6 percent, at 37,887.56, while the Nifty settled at 11,450, rising by 0.53 percent or surging by 60 points. Index heavyweight Reliance Industries rose over 3 percent lifting both indexes in the second half of the trading day and ahead of Jio GigaFiber launch. Lupin, Edelweiss and Mphasis were among top losers.

Aug 8, 2018 3:45 PM

Reliance Industries surges nearly 3 percent##Reliance Industries surges nearly 3 percent

Shares of Reliance Industries surged nearly 3 percent on the BSE, trading at Rs 1218.15 at 3.18 pm, ahead of the close. The oil-to-telecom conglomerate's stock opened at Rs 1188.40 and touched a liftime high of Rs 1220.55. RIL's market capitalisation stands at Rs 7,72,179.26 crore today.

Aug 8, 2018 3:20 PM

BEL shares surge after Rs 9200 crore order##BEL shares surge after Rs 9200 crore order

Shares of Bharat Electronics or BEL surged 3.74 percent to Rs 120.80 after the PSU annonced that it has bagged order worth Rs 9,200 crore for supply and services of Long-range Surface-to-air Missile systems.

Aug 8, 2018 3:14 PM

Market update: Sensex, Nifty hold on to gains ahead of close##Market update: Sensex, Nifty hold on to gains ahead of close

Benchmark indexes have trimmed gains from the day's high ahead of close. The Sensex was trading higher by 149 points, or 0.40 percent, to 37,815, while the Nifty 50 advanced by 39 points, or 0.34 percent, to 11,428.55 at 3 pm. Shares of ONGC, Reliance, Tata Motors, Hindustan Unilever, SBI, Bajaj Group finance twins, Bharti Infratel surged on indexes, while Maruti Suzuki, Vedanta, Bajaj Auto, Infosys, NTPC, Lupin, HPCL, Tech Mahindra, BPCL declined. Nifty Pharma is the biggest laggard among sectoral indices on the NSE, while Nifty Bank, Fin Service, PSU Bank, PVT Bank, FMCG have surged by up to 0.57 percent. Auto is down by 0.34 percent. Midcaps are flat.

Aug 8, 2018 3:04 PM

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

Meghmani Organics Q1 net profit up 78.1 percent at Rs 77.1 crore vs Rs 43.3 crore (YoY; revenue up 13.1 percent at Rs 476.5crore vs Rs 421.3 crore (YoY); Q1 EBITDA up 36 percent at Rs 124.1 crore vs Rs 91.3 crore (YoY); EBITDA margin at 26 percent vs 21.7 percent (YoY).

TD Power Q1 net loss at Rs 7.9 crore vs loss of Rs 21 crore (YoY); revenue up 31.6 percent at Rs 72.7 crore vs Rs 55.2 crore (YoY); EBITDA loss at Rs 4.1 crore vs loss of Rs 18.8 crore (YoY).

Balrampur Chini net profit down 38.7 percent at Rs 73.6 crore vs Rs 120 crore (YoY); revenue down 7 percent at Rs 1,002 crore vs Rs 1,078.3 crore (YoY); Q1 EBITDA down 37.4 percent at Rs 129.4 crore vs Rs 206.7 crore (YoY); EBITDA margin at 12.9 percent vs 19.2 percent (YoY).

Lupin Q1 net profit down 43.4 percent at Rs 202.7 crore vs Rs 358.1 crore (YoY); Q1 results with EBITDA margin at 13.7 percent vs CNBC-TV18 poll of 19.3 percent; other income at Rs 184 crore vs Rs 31.9 crore (YoY).

City Union Bank Q1 net interest margin at 4.24 percent vs 4.36 percent (QoQ); loan growth at 17 percent (YoY); provision coverage ratio at 65 percent; city union bank Q1 gross NPA at 3.02 percent vs 3.03 percent (QoQ); net NPA unchanged at 1.70 percent QoQ.

Greenply Ind reports Q1FY19 net profit down 22.2 percent at Rs 23.8 crore vs Rs 30.6 crore (YoY).

Aug 8, 2018 3:00 PM

Lupin shares slip over 2% after Q1 results##Lupin shares slip over 2% after Q1 results

Shares of Lupin dipped 2.27 percent, trading at Rs 845.45, or losing Rs 19.60 in value, after the pharma company's June quarter results missed street expectations. Lupin reported a net profit at Rs 202.7 crore against CNBC-TV18 poll of Rs 367 crore. Nifty Pharma is down by 0.50 percent.

Aug 8, 2018 2:11 PM

Dwarikesh Sugar says expecting bumper production at 35.5 m tonne##Dwarikesh Sugar says expecting bumper production at 35.5 m tonne

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Aug 8, 2018 2:04 PM

Market update: Sensex, Nifty trade near day's high, Minda shares rise##Market update: Sensex, Nifty trade near day's high, Minda shares rise

The benchmark indexes continue to trade near the day's high with the Sensex aiming 37,900 mark. The Sensex was trading at 37,867.86, higher by 202.06 points, or 0.54 percent. The Nifty 50 too rose by 57.75 points, or 0.51 percent, to 11,447.20. The indexes have mainly gained on the back of banks and Reliance Industries, which hit its lifetime high of Rs 1205, while HDFC Bank also contributed to the gains, rising by up to 0.7 percent. Shares of Minda Corp were trading at Rs 161.25, rising by 2.64 percent, or higher by Rs 4.15 on the BSE at 1.45 pm after the company reported rise in net profit.

Aug 8, 2018 1:50 PM

Minda Ind Q1 net profit up 64.3% (YoY)##Minda Ind Q1 net profit up 64.3% (YoY)

Aug 8, 2018 1:27 PM

Inox Wind up 10% on positive June quarter results##Inox Wind up 10% on positive June quarter results

Shares of Inox Wind rose 10 percent today to hit their one-month high of Rs 109 after the company posted a consolidated net profit of Rs 10. 37 crore for the quarter ended June, after four consecutive quarters of net loss. Shares traded at Rs 103.05, up by 4.25 percent on the BSE at 12.51 pm.

Aug 8, 2018 12:52 PM

Bombay Dyeing falls on weak quarterly results##Bombay Dyeing falls on weak quarterly results

Shares of Bombay Dyeing and Mfg. Co. Ltd fell as much as 4.9 percent at Rs 248.450, its lowest since July 30. The company's June quarter loss after tax widened to Rs 93.74 crore vs loss of 32.71 crore last year. Bombay Dyeing’s quarterly revenue from operations fell 36.2 percent to Rs 397 crore. The company said results were not comparable with last year’s due to a change in its accounting method. Bomaby Dyeing stock fell 5.9 percent this year as of last close. (Reuters)

At 12.45 pm, Bombay Dyeing & Mfg. Co. Ltd shares traded at Rs 254.20, down by Rs 6.50 or 2.49 percent in value on the BSE.

Aug 8, 2018 12:47 PM

European market opens in the red amid trade tension##European market opens in the red amid trade tension

Aug 8, 2018 12:40 PM

Market update: Sensex, Nifty scale fresh record high##Market update: Sensex, Nifty scale fresh record high

The BSE Sensex jumped 209 points, or 0.56 percent, to 37,875.20. Intra-day, it has touched a lifetime high of 37,882.34. The Nifty also trades near the day's high at 11,445.90, rising by 56.45, or 0.50 percent. It hit intra-day high of 11,450 today. Reliance Industries rose as much as 1.8 percent to a record and was the top contributor to the NSE Index’s gain. HDFC Bank rose about 1 percent, Kotak Mahindra Bank gained 1.1 percent and State Bank of India climbed 1.5 percent. Among other gainers, Larsen & Toubro Ltd added 1 percent, while Hindustan Unilever Ltd rose 1.1 percent. Among losers, Bombay Dyeing and Mfg Co Ltd fell as much as 5 percent to its lowest since July 30 after the company reported a wider loss for the June quarter.

Aug 8, 2018 12:21 PM

Tata Motors undergoing rigorous cost cutting methods in PV segment##Tata Motors undergoing rigorous cost cutting methods in PV segment

Aug 8, 2018 11:44 AM

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