Thank you readers! Here are the key highlights from today's session

- Market Ends Lower Amid Volatility On Expiry Day; Sensex & Nifty Fall 1% Each

- Financials Drag Market With Nifty Bank Falling Nearly 2%

- Sensex Slips 335 Points To 37,736 & Nifty 101 Points To 11,102

- Nifty Bank Falls 430 Points To 21,647 & Midcap Index 129 Points To 15,406

- BPCL Top Nifty Loser After Govt Extends Timeline To Submit EoIs For Stake Sale

- HDFC Slips 4% After Q1 Earnings; NIM Declines To Lowest Ever At 3.1%

- Bharti Airtel Closes With A Cut Of 3% Despite Reporting Earnings Above Estimates

- Dr Reddy’s Surges 5% On The Back Brokerage Upgrades After Q1 Earnings

- DRL, Sun Pharma, Wipro & TCS Close At 52-week Highs

- Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

Jul 30, 2020 3:45 PM

Closing Bell: Sensex, Nifty end lower dragged by banks, energy stocks

Indian indices pared opening gains to end lower on Thursday dragged by financial, metal and energy stocks. However, pharma and IT positive for the day. The Sensex ended 335 points lower at 37,736 while the Nifty lost 101 points to settle at 11,102. BPCL, IndusInd Bank, IOC, Axis Bank and HDFC were the top draggers on the Nifty50 index while Dr Reddy's, Sun Pharma, Wipro, Vedanta, and Maruti were the top gainers. Among sectors, Nifty Bank and Nifty Energy lost 2 percent while Nifty Metal declined 1 percent for the day. Nifty FMCG also lost 0.8 percent. Meanwhile, Nifty Pharma rose over 3 percent and Nity IT added 0.5 percent.

Jul 30, 2020 3:33 PM

IEX clocks 15% growth in electricity sales volumes in June quarter

The sale of power volume grew 14.5 percent to 14,878 million units at the Indian Energy Exchange (IEX) in June quarter as compared to 12,990 million units in the same period last year, the official data showed. According to the data released by the IEX on Thursday, the average spot power price at the exchange was down 26 percent year- on-year and yielded significant savings for distribution utilities and Industries.More here

Jul 30, 2020 3:29 PM

Dabur's Q1 revenue comes in at Rs 1,980 crore & operational revenue comes in at Rs 416.6 crore

Jul 30, 2020 3:13 PM

CLSA stays positive on life insurance sector amid COVID-19; rates SBI Life outperform

CLSA has initiated SBI Life with an 'outperform' call but downgraded 2 other stocks. Get latest Finance online at cnbctv18.com

Jul 30, 2020 3:05 PM

HDFC Q1 net profit falls 4.7% to Rs 3,051 crore; NII rises 8.4% to Rs 3,392 crore

The country's largest mortgage lender Housing Development Finance Corporation (HDFC) reported a standalone net profit of Rs 3,051.5 crore in the first quarter of fiscal 2021 as against Rs 3,203.1 crore in the year-ago quarter, registering a fall of 4.71 percent. However, net profit was better than CNBC-TV18 analysts' poll estimates of Rs 2698.8 crore. Net interest income (NII) rose 8.4 percent to Rs 3,392 crore from Rs 3,129.8 crore. NII was in-line with the street expectations while net interest margin during the quarter fell by 20 bps to 3.1 percent from 3.3 percent, compared annually again.

Jul 30, 2020 2:51 PM

Jul 30, 2020 2:37 PM

Rupe at Close | Rupee ends lower versus US dollar on Thursday.

Jul 30, 2020 2:32 PM

Piramal Enterprises Q1 | The company’s consolidated net profit in Q1FY21 rose 10.6 percent to Rs 495.6 crore from Rs 448.2 crore while revenue fell 8.7 percent to Rs 2,937 crore, YoY. Tax expense was at Rs 161 crore versus Rs 216 crore, YoY.

Jul 30, 2020 2:30 PM

HDFC Q1 | The country's largest mortgage lender Housing Development Finance Corporation (HDFC) reported a standalone net profit of Rs 3,051.5 crore in the first quarter of fiscal 2021 as against Rs 3,203.1 crore in the year-ago quarter, registering a fall of 4.71 percent. However, net profit was better than CNBC-TV18 analysts' poll estimates of Rs 2698.8 crore.Net interest income was at Rs 3,392 crore while net interest margin during the quarter fell by 20 bps to 3.1 percent from 3.3 percent, YoY.HDFC's total loans under moratorium fell to 22.4 percent from 27 percent in moratorium-1.

Jul 30, 2020 2:16 PM

Nielsen slashes FMCG growth forecast for 2020 to -1 to 1%

Market research firm Nielsen has revised the FMCG forecast for the current calendar year from 5-6 percent to -1 to 1 percent. This change in the forecast comes on the back of changing consumption…

Jul 30, 2020 1:58 PM

Lincoln Pharma launches Vitamin C+ Zinc tablets:

Lincoln Pharmaceuticals has launched Chewable Vitamin C + Zinc Tablet for the markets in India. The tablet is an evidence-based bio-active for natural immunity in combination of zinc that boosts antiviral activity and protection against COVID 19, the company said.

Jul 30, 2020 1:52 PM

Buzzing | Manappuram Finance shares decline 9% post Q1 earnings

Shares of Manappuram Finance fell over 9 percent to Rs 165.35 on Thursday after the company's non-gold business reported weak numbers with MFI business reporting net loss in Q1. The net profit also declined for the second consecutive quarter on a sequential basis.

Compared to the same period the previous year, the company posted a nearly 38 percent jump in its consolidated net profit at Rs 367.97 crore in Q1. It had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year.

Non-gold AUM of the NBFC was up 10.4 percent YoY but down 7.9 percent QoQ. Also, the NIM was at an all-time low of 14.9 percent due to weak collections. On the asset quality front, gross NPAs (non-performing assets) stood at 1.25 percent and net NPAs at 0.70 percent at the end of June 2020. Read more here.

Jul 30, 2020 1:32 PM

Gateway Distriparks Q1 | The company’s net profit in Q1FY21 declined 81.2 percent to Rs 11.1 crore from Rs 59 crore while revenue fell 31.5 percent to Rs 252.8 crore from Rs 368.9 crore, YoY. EBITDA decreased by 40.3 percent to Rs 69.9 crore from Rs 117 crore and EBITDA margin contracted by 410 bps to 27.6 percent, YoY.

Jul 30, 2020 1:23 PM

Reliance Industries' marketcap more than 27 Indian states

Jul 30, 2020 1:11 PM

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