Closing Bell: Sensex, Nifty end with marginal gains, Yes Bank, Bajaj Twins top gainers##Closing Bell: Sensex, Nifty end with marginal gains, Yes Bank, Bajaj Twins top gainers

The Sensex ended 52 points higher at 37,883, while the broader Nifty50 index added 32 points to end at 11,284. In broader markets, the Nifty Midcap rose 0.6 percent, while the Nifty Smallcap index fell 0.05 percent. YES Bank, Bajaj Finance, Bajaj Finserv, Eicher Motors, and Bharti Infratel were top gainers on the Nifty50, while Vedanta, IOC, Bharti Airtel, HDFC, and Tech Mahindra led the losses. All sectoral indices, except Nifty IT and Nifty Energy, ended higher for the day. Nifty Auto index gained the most, up 2.15 percent, followed by Nifty Pvt Bank, up 1.24 percent. Nifty Bank, Nifty PSU Bank, and Nifty Pharma indices were up around 1 percent each for the day. Among losers, Nifty IT and Nifty Energy lost 0.8 percent and 0.9 percent, respectively.

Jul 26, 2019 3:54 PM

Sensex, Nifty snap 6-day losing streak, Nifty Bank outperforms##Sensex, Nifty snap 6-day losing streak, Nifty Bank outperforms

Jul 26, 2019 3:57 PM

Force Motors' Q1 profit down 36.2% at Rs 26.15 cr Vs Rs 41 crore (YoY)##Force Motors' Q1 profit down 36.2% at Rs 26.15 crore Vs Rs 41 croe (YoY)

Jul 26, 2019 3:20 PM

Indoco Remedies up 20%; US FDA clears Goa units II, III##Indoco Remedies up 20%; US FDA clears Goa units II, III

Shares of Indoco Remedies rose 20 percent to hit a one-month high of Rs 183.10 after the US Food and Drug Administration cleared the company's unit II sterile facility and unit III solid dosages facility in Goa. The US drug regulator inspected the units from May 27 to June 4 and the company had received four observations. The company said it received the establishment inspection report in less than two months from the date of inspection. At 3.12 pm, shares quoted at Rs 171.85, still up 12.61 percent on NSE.

Jul 26, 2019 3:16 PM

Maruti Suzuki Q1 net profit falls 27% to Rs 1,435 crore, beats estimates##Maruti Suzuki Q1 net profit falls 27% to Rs 1,435 crore, beats estimates

Maruti Suzuki India reported a 27.3 percent decline in its net profit at Rs 1,435.5 crore for the first quarter ended June 30 mainly due to lower sales volume and higher depreciation expenses. A CNBC-TV18 poll had estimated a profit of Rs 1,350 crore. Total revenue from operations stood at Rs 19,719 in the June quarter, down 14 percent from Rs 22,459 crore in the same period last year. A CNBC-TV18 poll had projected revenue of Rs 19,244 crore. Maruti Suzuki's EBITDA came in at Rs 2,048 crore in the quarter, down 38.5 percent from Rs 3,330 crore in the same quarter a year ago, but up from CNBC-TV18's poll of Rs 1,990 crore. READ MORE

Jul 26, 2019 2:57 PM

500% in 5 years! These stocks proved to be wealth creators for long-term investors##500% in 5 years! These stocks proved to be wealth creators for long-term investors

Over 300 stocks in the BSE500 index have delivered positive returns in the last five years. Of these, 9 stocks have jumped over 500 percent in the given period, which means, a Rs 1 lakh investment in these stocks would have turned to Rs 5 lakh by now. In comparison, domestic equity benchmark Sensex has rallied over 45 percent since 2014. These stocks include - KEI Industries, Minda Industries, Bajaj Finance, Indiabulls Ventures, SpiceJet, Bajaj Finserv, Aegis Logistics, Caplin Points Labs, and Phillips Carbon. READ MORE

Jul 26, 2019 2:48 PM

Q1 Results Preview: These 16 Nifty companies are set to report drop in profit##Q1 Results Preview: These 16 Nifty companies are set to report drop in profit

The first tranche of June-quarter earnings are out, and the numbers have broadly failed to impress the investors. Most of the analysts warned of the quarter to be a repeat of the fourth quarter of FY19 and expect the remaining companies to report muted earnings in the first quarter. According to brokerage Edelweiss Securities, the Q1FY20 is likely to be a soft quarter with a profit of Nifty companies growing a mere 7 percent. READ MORE

Jul 26, 2019 2:27 PM

Ambuja Cements shares trade weak; company's standalone net profit up 15% in Q1##Ambuja Cements shares trade weak; company's standalone net profit up 15% in Q1

Ambuja Cements shares touched an intra-day low of Rs 209.10, dipping 2.31 percent on Friday, a day after the LafargeHolcim Group company reported a 15 percent growth in standalone net profit for the April-June quarter of 2019-20. READ MORE

Jul 26, 2019 2:16 PM

Maruti Suzuki reports Q1 net profit of Rs 1,435.5 crore Vs CNBC-TV18 estimates of Rs 1,350 crore##Maruti Suzuki reports Q1 net profit of Rs 1,435.5 crore Vs CNBC-TV18 estimates of Rs 1,350 crore

Jul 26, 2019 1:48 PM

European shares attempt recovery after ECB disappointment##European shares attempt recovery after ECB disappointment

European shares rose slightly on Friday, a day after they dropped on a less-dovish-than-expected European Central Bank statement, buoyed by a rally in mobile operator Vodafone and media firm Vivendi. ECB President Mario Draghi on Thursday all but pledged to ease policy further and even hinted at a reinterpretation of the ECB’s inflation target, but this disappointed some investors who had hoped for an immediate easing of interest rates. The pan-European stock benchmark index rose 0.1 percent by 0711 GMT.

Jul 26, 2019 1:41 PM

Punjab National Bank reports a net profit of Rs 1,018.6 crore##Punjab National Bank reports a net profit of Rs 1,018.6 crore

Jul 26, 2019 1:31 PM

Global economy witnessing sharp deceleration in growth, says JPMorgan's Sajjid Chinoy

The global economy is witnessing a sharp deceleration in growth, said Sajjid Chinoy, chief India economist, JPMorgan, adding that "India is going to remain soft for foreseeable future."

Jul 26, 2019 1:16 PM

Bajaj Auto's net profit declines nearly 3% in June quarter##Bajaj Auto's net profit declines nearly 3% in June quarter

Bajaj Auto on Friday reported a decline of 2.8 percent in the consolidated net profit to Rs 1,012.17 crore in the June quarter earnings. In the corresponding quarter last year, the auto major reported net profit of Rs 1,041.78 crore. The revenue of the quarter increased by 3.89 percent YoY to Rs 7,755.82 crore as against Rs 7,464.89 crore last year. READ MORE

Jul 26, 2019 1:00 PM

Resolving DHFL crisis: Experts discuss resolution road map##Resolving DHFL crisis: Experts discuss resolution road map

The resolution of Dewan Housing Finance Corporation (DHFL) is an acid test for Indian banks, mutual funds, insurance companies, Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) and the government itself. It is the second big non-banking finance company (NBFC) to require restructuring after IL&FS. Both companies have loan book of around Rs 1 lakh crore each. While IL&FS resolution is being spearheaded by a special board led by banker Uday Kotak and supervised by the National Company Law Tribunal, lenders are seeking to resolve DHFL among themselves under RBI's June 7 circular. READ MORE

Jul 26, 2019 12:43 PM

Ace investors Ashish Kacholia, Rakesh Jhunjhunwala, Dolly Khanna cut their holdings in these stocks##Ace investors Ashish Kacholia, Rakesh Jhunjhunwala, Dolly Khanna cut their holdings in these stocks

Indian shares have been under selling pressure after several Budget proposals such as a hike in income tax surcharge on FPIs disappointed investors. Benchmark indices Sensex and Nifty 50 gained around 4 percent so far this year, while smallcap and midcap indices on BSE have lost about 11 percent each so far this year. Ace investors like Ashish Kacholia, Rakesh Jhunjhunwala and Dolly Khanna have also reduced their holdings in midcap and smallcap sectors.

Ashish Kacholia’s portfolio has recently seen some trimming and upgrades. The celebrated investor has recently increased his stake in 6 companies and reduced stakes in three companies. Six companies that saw increased stake are DFM Foods, KPIT Technologies, Majesco, Poly Medicure, Vaibhav Global and NIIT Ltd. READ MORE

Jul 26, 2019 12:27 PM

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