Here are the key highlights from today's trading session:

1. Financials drag Sensex & Nifty into the red; Nifty Bank falls over 3%

2. Infosys, RIL and TCS life Nifty by 45 points while HDFC Bank, ICICI Bank and Kotak Mahindra Bank drag by 87 points

3. Sensex closes traded 194 points lower at 37,935 and Nifty 62 points lower at 11,132

4. Midcap Index falls 205 points to 15,234 and Nifty Bank 813 points to 21,849

5. Nifty PSU Bank turns negative for the months, closes 3% lower today

6. Nifty IT Index hits 52-week high; HCL Technologies and TCS top gainers

7. Reliance Industries continues to hit record high; stocks ends 0.5% higher at 2,156

8. Kotak Bank slips 2% after reporting fall in advances and rise in slippages

9. ICICI Bank declines over 6% on profit booking and RBI's Financial Stability Report

10. Asian Paints top Nifty gainer after reporting Q1 earnings better than estimates

12. Marico falls 2% as domestic volumes decline 14% in April-June quarter

13. IndusInd Bank 3% lower ahead of results and fund raising meet tomorrow

14. Gold Financiers Muthoot Fin and Manappuram Finance gain as gold hits record high

15. Market Breadth favours declines; advance-decline ratio at 1:3

Jul 27, 2020 3:53 PM

Closing Bell: Market ends lower led by financial heavyweights; ICICI Bank, HDFC Bank drag

Indian indices ended lower on Monday due to the massive slip in the bank index after a month or so. At close, Sensex ended 194 points to 37,935 while the Nifty index ended at 11,132, down 62 points. Broader indexes underperformed the benchmarks, Nifty Midcap100 and Nifty Smallcap100 indexes ended 1.32 percent and 0.60 percent lower respectively. Nifty Bank index remained the worst-performing index of the day, down 3.59 percent followed by Nifty Financials and Nifty Pharma. Nifty IT and Nifty Metal indexes were the only ones to end in the green, with former up 2 percent higher. Asian Paints, HCL Technologies, Infosys, UltraTech Cement and TCS were the Nifty50 top gainers while ICICI Bank, Zee Entertainment, HDFC Bank, Axis Bank and IndusInd Bank were the index top losers.

Jul 27, 2020 3:39 PM

Escorts' other income in Q1 rises to Rs 30.6 crore Vs Rs 17.9 crore (YoY). Company's agriculture business revenue slips 11% YoY to Rs 977 crore.

Jul 27, 2020 3:17 PM

Is SIP in debt funds a good idea?

Systematic investment plans (SIPs) have become a popular mode of investment into equity mutual funds, with retail investors cumulatively plowing in thousands of crores every month through regular, small-size investments.

But while undertaking an SIP in equity mutual funds is a concept that is easily understood, thanks to years of investor awareness created by fund houses, should investors consider doing the same for debt mutual funds? Click here to read more

Jul 27, 2020 3:05 PM

Rupee Update: The Indian curreny gave up all its gains to eand unchanged on Monday. It closed at 74.83 against the US dollar, same as Friday's close.

Jul 27, 2020 2:49 PM

Commodity Update | Gold prices at all-time high, hit Rs 52,000 per 10 grams

Gold prices on Monday hit a fresh all-time high of Rs 52,000 per 10 grams as escalating tension between US and China boosted safe-haven appeal. Gold is often considered as a safe store of value during times of political and financial uncertainty. Silver too joined the rally, jumping more than 6 percent to $24.36, its highest since September 2013. Read more here.

Jul 27, 2020 2:37 PM

Bank stocks under pressure after RBI warns of system-wide rise in bad loans; Nifty Bank falls 3%

Banking stocks were under pressure on Monday with Nifty Bank declining almost 3 percent after the Reserve Bank of India released its financial stability report on Friday.Get latest Finance online at…

Jul 27, 2020 2:25 PM

Kotak Mahindra Bank Q1 Earnings | The bank reported standalone net profit at Rs 1,244.4 crore against CNBC-TV18 poll of Rs 1,332.4 crore. Net profit was lower by 8.5 perent YoY. Net interest rose 17.8 percent YoY to Rs 3,723.9 crore. Gross NPA rose to 2.7 percent against 2.25 percent while Net NPA increased to 0.87 percent against 0.71 percent QoQ. Slippages at Rs 796 crore against Rs 491 crore QoQ.

Jul 27, 2020 2:17 PM

Mutual Funds log Rs 1.24 lakh crore inflows in June quarter on strong interest in liquid, arbitrage funds

Investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow. This follows an outflow of over Rs 94,200 crore into mutual fund (MF) products in the preceding three months, according to data with the Association of Mutual Funds on India (Amfi).

The positive inflow pushed the asset base of the 45-player mutual fund industry by over 14 percent to Rs 25.5 lakh crore at June-end from Rs 22.26 lakh crore at the end of March. During the quarter under review, Rs 1.1 lakh crore came from debt funds, Rs 20,930 crore from arbitrage funds and Rs 11,730 crore from equity-oriented schemes. Read more here.

Jul 27, 2020 2:01 PM

Moratorium being misused; extension will hurt banks, NBFCs: Deepak Parekh to RBI

RBI in its latest Financial Stability Report acknowledged that the six-month loan repayment holiday or moratorium may also have implications for the financial health of banks. Get latest Finance…

Jul 27, 2020 1:46 PM

Asian Paints gains after its Q1 earnings. Results were not as bad as the street feared. Amit Syngle, MD & CEO of co talks to CNBC-TV18.

Jul 27, 2020 1:31 PM

Stock Update: ICICI Securities shares fell as much as 9 percent to Rs 490 per share on the NSE after the company's CEO Sandeep Batra during the post-earnings call, said that the bank will dilute 4% stake in the company during the current financial year.

Jul 27, 2020 1:16 PM

JST Investments advises investors to be remain 'cautious' on Mindspace REIT IPO

Aditya Kondawar, founder of JST Investments feels that the biggest tailwind for the REIT sector is India’s services space, which continues to be the key driver of India’s growth, and also represented 54.3% of India’s gross value added (“GVA”) during the fiscal year 2019.

He said, "Large English-Speaking Talent Pool - India has the second-largest English-speaking population in the world and a large talent pool of highly skilled graduates (4.8 million graduates in the fiscal year 2019). The cost of sourcing services from India is approximately 81.0% lower than Tier II cities in the United States."

However, given the turbulent times ahead and likely rent re-negotiations and subdued demand due to COVID complexities, we remain cautious on this issue.

Jul 27, 2020 1:01 PM

Coal Ministry likely to move Cabinet on leasing out unused land of Coal India. Ministry proposes to allow Coal India to lease out land for coal, other infra-related activity.

Jul 27, 2020 12:48 PM

Mindspace REIT IPO opens today: Here are the key things to know

After stellar listing performance by Rossari Biotech, Mindspace REIT IPO has opened for retail investors for a subscription on Monday with the price band fixed at Rs 274-275. The real estate major aims to raise about Rs 4,500 crore via its IPO, which will close on Wednesday, July 29.

Mindspace Business Parks REIT is an entity jointly backed by realty developer K Raheja Corp and private equity major Blackstone Group. Both the entities are expected to offer a part of their existing shareholding through the offer for sale. Click here to continue reading

Jul 27, 2020 12:33 PM

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