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Aug 8, 2023 3:56 PM
Market At Close | Geojit's Vinod Nair On Market
"On the global front, investors are adopting a cautious approach even amidst declining bond yields as they await the release of crucial economic data. The significant drop in Chinese exports has also contributed to concerns within the global market. FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks. Among sectors, PSU banks and pharma stocks inched up, while mid- and small-cap stocks have continued to outperform the benchmark, showcasing their resilience," says Vinod Nair, Head of Research at Geojit Financial Services.
Aug 8, 2023 3:54 PM
Market At Close | Sensex, Nifty 50 End Lower Dragged By Banks and RIL
- Benchmark indices underperform broader markets.
- Hero rises four percent as company gets bookings of over 25,000 for Harley Davidson X440.
- AU Small Fin Bank closes in the red but off lows after clarification.
- Deepak Nitrite rises more than two percent on positive management commentary.
- Strong earnings from Asirvad Micro Fin lifts Manappuram, stock rises four percent.
- Godrej Cons slips two percent on cautious outlook on India volume.
- GAIL gains two percent after Pune Commissioner (Appeals) drops Rs 934 crore duty demand
- Dixon extends gaining streak on laptop import curve, ends at record high.
- SBI Life surges to record high and Max Fin up over three percent on healthy growth in July.
- PSU Banks see healthy gains on major volumes, Union Bank is top gainer.
- Pharma names continue to see buying, Laurus, Biocon among top gainers
- Ramco Cements see a sharp fall, down three percent as company reports weak results
- Tata Chem falls despite first quarter earnings being largely better than estimates
- Adani Ports fails to hold gains seen post earnings, closes three percent off highs
- Hindalco Closes The Session With A Cut Of 2%, Earnings Beat Estimates
- Coal India, Siemens & NMDC Close In The Red Ahead Of Quarterly Earnings
- Gland Pharma Surges 20% On Strong Quarterly Results
- Market Breadth Neutral With Advance-Decline Ratio At 1:1
Aug 8, 2023 3:35 PM
Share Market | Messages Circulating On Social Media A Case Of Rumours By Vested Interest, AU Small Finance Bank Tells CNBC-TV18
There are no raids or any reported employee related frauds, says the company.
Aug 8, 2023 3:14 PM
Stock Market | Indices In The Red
Sensex is down 122.77 points or 0.19 percent at 65,845.52. Nifty 50 is trading at 19,567.35, down 29.95 points or 0.15 percent from its previous close.
Aug 8, 2023 3:05 PM
Business News | CAMS Aims For 14.5% Market Share In Non-MF Business By Year-End, Says MD & CEO
Anuj Kumar, MD and CEO of CAMS, says in an interview with CNBC-TV18 post result announcement that the company has set an ambitious goal to capture a substantial share of the non-mutual fund market, aiming for a remarkable 14.5 percent stake, by the end of the current financial year (FY24).
Aug 8, 2023 2:50 PM
Tata Power | Signs MoU With Maharashtra Government For Development Of 2,800 MW Pumped Hydro Storage Projects
Aug 8, 2023 2:47 PM
Share Market Today Live | Here's How The Indices Are Faring At This Hour
Aug 8, 2023 2:30 PM
Nifty50 News | Adani Ports Reports Quarterly Numbers
- Net profit up 82.6 percent at Rs 2,114.7 crore against Rs 1,158.3 crore year-on-year.
- Revenue up 23.5 percent at Rs 6,247.6 crore vs Rs 5,058.1 crore year-on-year.
- EBITDA up 80.2 percent at Rs 3,766 crore vs Rs 2,089.3 crore year-on-year.
- EBITDA margin at 60.3 percent vs 41.3 percent year-on-year.
Aug 8, 2023 2:17 PM
Share Market | Infibeam Reports Q1 Numbers
- Net profit up 9.7 percent at Rs 26 crore vs Rs 23.7 crore year-on-year.
- Revenue up 77.5 percent at Rs 742.4 crore vs Rs 418.3 crore year-on-year.
- EBITDA up 15.1 percent at Rs 48.9 crore vs Rs 42.5 crore year-on-year.
- Margin at 6.6 percent vs 10.2 percent year-on-year.
Aug 8, 2023 2:15 PM
Stock Market | Top Stocks To Buy/Sell
Here are recommendations by Shrikant Chouhan of Kotak Securities:
Buy Punjab National Bank (PNB) for a targets of Rs 67-68 and Rs 75 with a stop loss at Rs 58.
Buy NTPC for a targets of Rs 235 and Rs 25 with a stop loss at Rs 210
Aug 8, 2023 2:08 PM
Hindalco | Net Profit Dips Nearly 60% In June Quarter
The aluminum and copper manufacturing company reported its financial results for the April to June 2023 period. Read more on Hindalco Q1
Aug 8, 2023 1:56 PM
Hindalco Q1 Results | Here's How The Numbers Fared Vs Estimates
Aug 8, 2023 1:36 PM
Hindalco Q1 Results | Here's How The Numbers Fared Year-On-Year
Aug 8, 2023 1:35 PM
Hindalco Q1 Results | Shares Among Top Losers
Aug 8, 2023 1:33 PM
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