Here's a quick round-up of what has so far happened in the markets today##Here's a quick round-up of what has so far happened in the markets today

-Market ends at day’s high on a hope of FPI surcharge roll-back.

- After starting at 36,808, the Sensex hit the day's at 37295, rising nearly 600 points. Sensex ended up 637 points, best day for the index since May 20.

-The Nifty started at 10,899 and hit the day's high at 11,023. Nifty closes above 11,000 after five sessions, posts biggest single-day gain in three months

-Sensex, Nifty & Midcap Index turn positive for the week. 44 Of 50 Nifty stocks close in the green; 4 of top 10 gainers are auto stocks.

-Tata Steel Top Nifty Loser After Europe Business Disappoints In Q1.

-10 out of 12 Nifty Bank constituents close higher; index up 408 points.

-Nifty Midcap recover from the month’s losses, ends at two-week high.

-All sectoral indices close higher; Auto and PSU Bank top gaining indices.

-HCL Tech posts biggest 1-day gains in nearly 5 years after Q1 earnings.

-Reliance Industries snaps three-day losing streak, post biggest 1-day gain in 3 months.

Aug 8, 2019 3:58 PM

Sensex heatmap at close: HCL Tech, Tata Motors, M&M top gainers, Tata Steel top loser##Sensex heatmap at close: HCL Tech, Tata Motors, M&M top gainers, Tata Steel top loser

Aug 8, 2019 3:49 PM

Page Industries Q1 net profit comes in at Rs 110.6 crore##Page Industries Q1 net profit comes in at Rs 110.6 crore

Aug 8, 2019 3:47 PM

Closing Bell: Sensex jumps 637 points, Nifty ends above 11000##Closing Bell: Sensex jumps 637 points, Nifty ends above 11000

Benchmark indices jumped sharply, triggered by reports the Modi government is ikely to roll-back recently impose a higher tax on foreign portfolio investors (FPIs). At close, the Sensex was up 637 points at 37,327, and the Nifty was up 177 points at 11,032.50. The Nifty MidCap index underperformed relative to frontline indices but settled 0.70 percent up. All the sectoral indices ended higher led by the IT, auto, bank energy, FMCG, metal, pharma and infra. HCL Technologies, Tata Motors, JSW Steel, Reliance Industries and M&M were among major gainers on the indices, while losers were Tata Steel, Cipla, UltraTech Cement, Indiabulls Housing and IndusInd Bank.

Aug 8, 2019 3:45 PM

UCO Bank Q1 net loss at Rs 601.4 crore Vs loss of Rs 634 crore (YoY)##UCO Bank Q1 net loss at Rs 601.4 crore Vs loss of Rs 634 crore (YoY)

Aug 8, 2019 3:23 PM

Balrampur Chini Mills says realisations improved in Q1 on higher sugar prices##Balrampur Chini Mills says realisations improved in Q1 on higher sugar prices

Balrampur Chini Mills's financial results for the quarter ended June 30 as profitability improved but there was a slight miss on revenues. MD Vivek Saraogi said higher sugar prices led to higher realisations in the June 2019 quarter. “Right now the government has cleared two proposals. One is not to raise the fair and remunerative price (FRP) and the second is to continue the buffer stock at a higher quantity from 3 million to 4 million for one year,” he said. READ MORE

Shares quoted at Rs 122.60, down 5.18 percent on NSE.

Aug 8, 2019 3:11 PM

HDFC Life hits over 1-year high on inclusion in MSCI India##HDFC Life hits over 1-year high on inclusion in MSCI India

Shares of HDFC Life Insurance Co surged 5 percent to hit an over one-year high of Rs 545.55 after reports that MSCI Inc will be including the stock in its MSCI India index, effective August 27. The addition to the index is likely to result in a higher inflow of foreign funds into the insurer's shares as funds map their investments to the indices. Shares of HDFC Life were up 1.2 percent at Rs 524.15 with over 5 million shares traded on the NSE, versus a daily average of 2.4 million shares. The company's shares have been rising for the past five months, and so far in 2019, have gained 35 percent.

Aug 8, 2019 3:00 PM

Radico Khaitan's Q1 revenue of Rs 636 crore sees a jump of 20.8% on a like-to-like basis##Radico Khaitan's Q1 revenue of Rs 636 crore sees a jump of 20.8% on a like-to-like basis

Shares quoted at Rs 321 on NSE at 14.33 on NSE, up almost a percent. The stock opened at Rs 324.

Aug 8, 2019 2:33 PM

Cipla says change in generic business, cut-offs in month-end sales impacted India business##Cipla says change in generic business, cut-offs in month-end sales impacted India business

Cipla reported a mixed set of numbers for the quarter ended June 30, with the US business outperforming and boosting margins but India and emerging markets (EMs) remaining weak. Umang Vohra, managing director and global CEO, expects the India business to recover in the coming quarters with some revenue deferred to the second quarter. Cipla's consolidated net profit rose to Rs 447.15 crore for the June quarter from Rs 445.61 crore in the year-ago period. Total revenue from operations stood at Rs 3,989.02 crore for the quarter, slightly higher from Rs 3,938.99 crore a year ago. READ MORE

Shares quoted at Rs 498.75, down by 3.77 percent on NSE at 2.09 pm. The stock hit the day's low at 493.80, after opening at Rs 504.75.

Aug 8, 2019 2:10 PM

UltraTech Cement posts a Q1 net profit of Rs 1,199 crore Vs Q1FY19's net profit of Rs 598.4 crore##UltraTech Cement posts a Q1 net profit of Rs 1,199 crore Vs Q1FY19's net profit of Rs 598.4 crore

Aug 8, 2019 1:56 PM

Why HCL Tech is the best performing stock in trade today?##Why HCL Tech is the best performing stock in trade today?

Shares of HCL Technologies Ltd gained 5 percent in intraday trade on Thursday after it reported mixed performance for the June quarter, but maintained its growth guidance for FY20. The company guided for 14 percent to 16 percent revenue growth in FY20 in constant currency terms and maintained FY20 EBIT margin guidance of 18.5 to 19.5 percent.

The stock rose 5 percent to Rs 1,074 per share on BSE. At 11:45 AM, the stock was trading 3.8 percent higher at Rs 1,061 as compared to 0.25 percent (90 points) rise in BSE Sensex at 36,781. For the year, the stock has gained over 10 percent. READ MORE

Aug 8, 2019 1:43 PM

Despite slowdown, FIIs raised stake in 4 auto stocks in June##Despite slowdown, FIIs raised stake in 4 auto stocks in June

Auto stocks in India have seen the most wealth erosion as a slowdown in sales, hike in the registration fee for new vehicles and liquidity crunch arising from the present NBFC crisis continued to weigh on their growth prospects. But despite the plunge in the auto sector, foreign institutional investors (FIIs) increased their stakes in some auto stocks in the month of June. Maruti Suzuki, which has shed part of its temporary staff and cut its July production by 25 percent, saw interest from overseas investors, who increased their holdings by about 0.86 percent in June. READ MORE

Aug 8, 2019 1:14 PM

Emami Q1 consolidated net profit at Rs 39.1 crore Vs Rs 26.5 crore (YoY)##Emami Q1 consolidated net profit at Rs 39.1 crore Vs Rs 26.5 crore (YoY)

Shares quoted at Rs 316.80, up 2.51 percent on NSE at 12.56 pm.

Aug 8, 2019 12:56 PM

Not 25 bps or 50 bps... here is the backstory behind the 35 bps repo rate cut

For the first time ever, India has seen a repo rate reduction by 35 basis points. So far, the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) have only cut rates in multiples of 25 basis points.

Aug 8, 2019 12:38 PM

Expect another 25-40 bps rate cut this year, says UTI Mutual Fund##Expect another 25-40 bps rate cut this year, says UTI Mutual Fund

The Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points (bps) to 5.40 percent and maintained its stance as accommodative. Amandeep Chopra, group president & head of fixed income at UTI Mutual Funds (MF), shared his views on the policy.

“35 bps rate cut was quite a big move for RBI. However, to a large extent, the reaction was muted. The markets were fairly heavily positioned pre-policy and that did end up in a bit of trimming off positions across the board. So to some extent, the typical reaction one would have expected in 10-year yield did not materialise,” he said. READ MORE

Aug 8, 2019 12:17 PM

Load more