MARKET WRAP: Sensex ends flat ahead of PM's address, Nifty closes at 10,302

All that happened in the markets today

4:06 PM

SECTOR WATCH:: Nifty Auto gains 1% ahead of June sales nos

3:45 PM

MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services

"In spite of trading in the positive zone for the most part of the day, the benchmark indices gave up its gains and ended flat with a negative bias. The markets were impacted by the uncertainties surrounding PM’s address to the nation. Irrespective of this, many Indian cities, are extending their lockdowns in the face of unabated growth in virus infections, which has added to the uncertainty surrounding economic recovery. The market direction for tomorrow may also largely be guided by the content of the PM’s address and global cues."

3:43 PM

MARKET AT CLOSE:: Losers and gainers on the S&P BSE Sensex

3:35 PM

CLOSING BELL

The S&P BSE Sensex slipped 46 points or 0.13 per cent to end at 34,916 while NSE's Nifty ended at 10,302, down 10 points or 0.1 per cent.

 

3:24 PM

Cement shares in focus: Ambuja, Shree Cement, UltraTech up over 2%

The cement industry has surprised positively on the demand and pricing fronts, with better-than-expected demand revival during May and June after a standstill in April, and meaningful price uptick across India. As per market intermediaries, encouraging demand scenario until the first half of June was primarily backed by pent-up demand, pickup in pre-Monsoon construction activities, an increase in spending by Panchayat in rural areas and a rise in activity under the MGNREGS program.
READ MORE 

3:11 PM

BUZZING STOCK:: Nestle India rises 2.7%

3:02 PM

ALERT :: Dow Jones Futures slip 150 pts

3:01 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

2:56 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ASTRAZENECA PHAR	3549.60	3700.00	-2.01
EID PARRY	274.40	290.65	-4.32
ESCORTS	1036.70	1061.05	0.30
FDC	280.00	297.70	1.99
GUJARAT GAS	320.40	324.35	3.54

2:49 PM

Fall from intra-day high today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
ENGINEERS INDIA	83.90	76.05	76.40	-8.94
INDIABULLS HOUS.	224.00	204.40	204.80	-8.57
FUTURE RETAIL	140.00	128.95	128.95	-7.89
FIRSTSOUR.SOLU.	38.60	35.65	35.75	-7.38

2:44 PM

Goldman India CEO Chatterjee tells clients liquidity is the biggest theme

Goldman Sachs Group is telling clients in India to fortify their balance sheets to prepare for the uncertainty brought by the coronavirus pandemic.

 

“Currently, liquidity is the biggest theme among Indian businesses, and we are advising our clients to raise capital,” Sonjoy Chatterjee, the bank’s chairman and chief executive officer (CEO) for India, said in a phone interview. READ MORE

2:33 PM

Sensex Heatmap at this hour

>> S&P BSE Sensex is trading at 34,890.33 level, down 71.19 points or 0.20 per cent

2:24 PM

MARKET CHECK :: Sudden slide in Sensex, trades flat

2:17 PM

Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

Most central bankers have an elliptical, roundabout spe­aking style. By contra­st, Raghuram Rajan, when he was the governor of the Reserve Bank of India (RBI), was both an enthusiastic educator and remarkably direct. READ MORE

2:12 PM

MARKET CHECK:: BSE CPSE index trades with slight cuts; Engineers India slips 6%

2:08 PM

Rupee Closing

>> Rupee closes mildly higher at 75.50 per US dollar vs Monday's close of 75.58/$

2:00 PM

MARCH QUARTER RESULTS | JBM Auto

>> Net profit slips to Rs 15.8 cr from Rs 26.4 cr YoY

>> EBITDA at Rs 58.7 cr vs Rs 74.7 cr YoY

>> Revenue at Rs 479 cr vs Rs 608.7 cr YoY

>> EBITDA margin at 12.2%

1:58 PM

MARKET CHECK:: Top 5 losers on the BSE at this hour

1:52 PM

ITC's better Q4 fails to fully convince the street; stock rises just 1%

In Q4, Covid-19-led disruptions led to a revenue fall across ITC’s business segments, which resulted in 6.3 per cent year-on-year fall in gross sales to Rs 11,300 crore, near to Rs 11,831.7 crore estimated by analysts as per Bloomberg poll. Its pre-tax profits declined by 8.9 per cent year-on-year to Rs 4,511.8 crore, higher than analysts’ expectations of Rs 4,454.6 crore as per Bloomberg. READ MORE

1:44 PM

Indian bond yields fall to over one-week low after special OMO announcement

The yield dropped to a low of 5.86%, its lowest level since June 22 and down 4 basis points versus its close on Monday.

 

The RBI said on Monday it will buy up to Rs 100 billion ($1.32 billion) worth of papers in the 9-13 year tenor from the market on July 2, while also selling 6- and 12-month treasury bills of the same value. READ MORE

1:37 PM

Sector Watch :: 9 of 10 Nifty Pharma index constituents in the red

1:29 PM

Ashok Leyland declines for fifth straight day on weak Q4 results

Shares of Ashok Leyland were trading lower for the fifth straight day, down 2 per cent at Rs 47.30 on the BSE on Tuesday. The stock has slipped 16 per cent in one week on weak results for the quarter ended March 2020 (Q4FY20). Ashok Leyland, the flagship company of the Hinduja Group, reported a net loss of Rs 57 crore in Q4FY20 due to lower revenue on account of the drop in volumes. The commercial vehicle manufacturer had posted a net profit of Rs 806 crore in Q4FY19. READ MORE

1:25 PM

NEWS ALERT :: Strongly concerned w.r.t ban on apps, verifying the situation, says Chinese Foreign Min

>> We want to stress that Chinese Govt always asks Chinese businesses to abide by international & local laws-regulations

>> Indian Govt has a responsibility to uphold the legal rights of international investors including Chinese ones

(Via ANI)

1:15 PM

INDEX GAINERS:: Maruti trades 2.6% higher

1:10 PM

European indices trade largely higher

1:00 PM

MARKET CHECK:: BSE Consumer Durables index trades 0.6% higher

12:52 PM

Adtiya Birla Fashion rights opens July 8, payment in 3 tranches like RIL

The rights issue price has been set at Rs 110 for one fully paid share of face value Rs 10 — 14 per cent discount to its last closing price of Rs 128. As many as 90.5 million shares —11.7 per cent of the current equity base — will be issued as part of the rights issue programme. READ MORE

12:47 PM

BUZZING STOCK:: Emami surges 10%

12:40 PM

Coal India: Here's why analysts predict a 25% fall in its FY21 earnings

The steeper-than-expected fall in Coal India’s net profit for the March 2020 quarter (Q4) affected the Street's sentiment, with the stock declining 5 per cent on Monday. The lockdown for nine days during Q4 meant coal sales volumes were flat at 164 million tonne (MT).

 

The net profit fell by almost 23 per cent year-on-year (YoY) to Rs 4,626 crore, and was much less than the consensus estimate of Rs 5,024 crore.  READ MORE

12:29 PM

June auto sales: Analysts see Maruti, Hero Moto making a strong comeback

“The Auto sector has been among the best performing sectors in recent months. This is attributed to the kick-start of the recovery process post the lifting of the lockdown. We are witnessing quick recovery in tractors, followed by two-wheelers and passenger vehicles, but commercial vehicles’ segment is yet to see any recovery,” wrote Jinesh Gandhi and Vipul Agarwal, research analysts at Motilal Oswal Financial Services in a recent sector report. READ MORE