Sensex up 364 pts, Nifty tops 15,850; auto, IT, realty stocks march ahead

In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade

3:51 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index opened a day with good gap & managed to hold bullish stream throughout day and closed a day at 15885 with gains of nearly one percent. the index reached to its upper band of the overall range currently overall range is coming at 15600-16000 mark which hints one can start locking their gains on every rise and if index managed to give a decisive close above 16k mark then only we can say breakout is done & then we may see more northward move in near term, immediate support is coming near 15815-15750 zone & resistance is placed at 15920-16000 mark.

3:51 PM

CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services

Tracking global sentiments, vibrant domestic sectors like realty, auto, IT and chemicals provided an edge to Indian equities. Recovery is seen in July auto sales and an improved outlook for real estate due to a surge in property registrations helped these sectors to trade higher. $1 trillion infrastructure spending package in the US provided better prospects to the core economy, aiding global markets to start the month on a strong footing.

3:50 PM

Airtel gains ahead of June quarter show

3:49 PM

Earnings Impact :: Cholamandalam Investment surges 11%

Shares of Cholamandalam Investment and Finance Company (CIFC) moved higher by 11 per cent to Rs 529 on the BSE in the intra-day trade on Monday on the back of heavy volumes after the non-banking finance company (NBFC) reported a good set of numbers for the quarter ended June 2021 (Q1FY22). READ MORE

3:47 PM

Result Reaction :: Emami gains over 2% after hitting record peak intra-day

>> Emami, posted a 96.53 per cent increase in profit after tax (PAT) to Rs 77.79 crore on a consolidated basis for the quarter ended June 30, 2021, on a lower base. It was at Rs 39.58 crore in the year-ago period.

3:45 PM

IRCTC jumps 6% as firm to mull stock split

3:44 PM

Earnings Impact :: HDFC gains post Q1 results

India’s biggest mortgage lender HDFC on Monday reported a 1.6 per cent year-on-year (YoY) decrease in standalone net profit at Rs 3,000.67 crore for April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses. In the year-ago period, the profit stood at Rs 3,051.5 crore.

 

3:42 PM

Top gainers & losers from auto index post July sales figures

3:41 PM

Nifty Realty hits multi-year high; all constituents end in the green

3:40 PM

SECTOR VIEW :: All sectors gain led by Nifty Realty

3:39 PM

BSE Smallcap ends 1.07% up at 27,072

>> Index had scaled all-time high of 27,106.46 in trade today

>> Top gainers and losers from the smallcap space

3:37 PM

BSE Midcap index settles 1.05% higher

>> Top gainers and losers from the midcap pack

 

>> Index had hit all-time high of 23344.49 in trade today

 

3:35 PM

Sensex Heatmap | Top gainers & losers at close

Top gainers: Titan, M&M, Axis Bank

Top losers: Tata Steel, Bajaj twins

3:34 PM

CLOSING BELL :: Sensex gains 364 points, ends only 50 points shy of 53K; Nifty tops 15,850

The benchmark indices gained after a one-day hiatus, helped by gain in global markets and firm macroeconomic data. The BSE barometer Sensex closed 364 points or 0.69% higher at 52,951. NSE Nifty ended at 15,885, up 122 points or  0.77%. Broader markets outperformed as Midcap and Smallcap indices gain 1% each. 

3:19 PM

Sensex Heatmap at this hour

3:00 PM

Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan

Shares of Privi Speciality Chemicals hit a new high of Rs 1,799, up 13 per cent on the BSE in the intra-day trade on Monday, having rallied 36 per cent in the past two trading days, after the company and Givaudan SA signed a joint venture (JV) agreement for manufacturing highly specialized aroma chemicals for Givaudan. Privi Speciality Chemicals (PSCL) is lndia's largest manufacturer and exporter of aroma chemicals. Meanwhile, Givaudan, a Company incorporated in Switzerland, is the global leader in fragrance creation. READ MORE

2:39 PM

HSBC profit more than doubles, loan-loss fears ebb as economies rebound

HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover pandemic-related bad loans.

 

Encouraged by an economic rebound in its two biggest markets of Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in the future, and released $700 million that had been set aside as provisions. READ MORE

2:20 PM

Zomato's slim ad-spend sets marketing benchmark for firms seeking to list

Zomato's initial public offering (IPO) had many firsts. It was the first consumer technology (tech) company to get listed. The first of several unicorns from the Indian start-up ecosystem to whet investor appetite. Perhaps the first loss-making entity to get oversubscribed 40x. READ MORE

2:01 PM

June Quarter Results :: Emami

>> PAT: Rs 78 crore

>> Revenue: Rs 661 crore

>> Ebitda margin: 25.7%

>> Ebitda: Rs 170 crore

1:58 PM

Steel Strips Wheels freezes at 10% upper circuit on record turnover in July

Shares of Steel Strips Wheels Limited (SSWL) were locked in the 10 per cent upper circuit band at Rs 1,508.10 on the BSE on Monday after the company announced it has achieved highest-ever net turnover of Rs 306.12 crore in July 2021. The auto parts and equipment manufacturing company has recorded 177 per cent year-on-year (YoY) growth over July 2020. The company achieved gross turnover of Rs 372.22 crore in July 2021 as against Rs 132.75 crore in July 2020, thereby recording a growth of 180.39 per cent YoY, SSWL said in a release. READ MORE

 

 

1:48 PM

Analysts expect Bharti Airtel's Q1 profit to halve QoQ; stable ARPU likely

Analysts are pencilling-in a muted quarter for telecom companies marked by flattish average revenue per user (ARPU) growth and lean subscriber addition. Among the listed companies, Bharti Airtel, which is slated to report its June 2021 quarter (Q1FY21) results on Tuesday, August 3, may report stable ARPU sequentially and nearly flat revenue growth, analysts say. READ MORE

1:35 PM

NEWS ALERT :: ABB India partners with Audi India to provide charging solutions

1:33 PM

IPO UPDATE :: Krssna Diagnostics IPO to open on August 4

>> Price Band at Rs 933 to Rs 954 per equity share 

 

>> Minimum Bid Lot is 15 Equity Shares and in multiples of 15 Equity Shares thereafter

 

>> IPO consists fresh issue of up to Rs 400 crore and an offer for sale of up to 8,525,520 equity shares

 

1:26 PM

Q&A | Our portfolios are built around firms that sell essentials: Marcellus CIO

With the markets near their record highs, picking the right stock is essential to maximise the portfolio return. Saurabh Mukherjea, founder and chief investment officer, Marcellus Investment Managers, tells in an interview that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season. READ MORE

1:23 PM

ALERT :: Saudi Aramco says recent reports of co embarking on bitcoin mining activities, are false & inaccurate

Source: TV reports

1:10 PM

NEWS ALERT :: Ambuja Cements to invest Rs 310 crore to expand Ropar Unit in Punjab

12:55 PM

These two Dolly Khanna-owned stocks have rallied up to 103% in a month

Among individual stock, Deepak Spinners surged 10 per cent to Rs 421.70 on Monday in intra-day trade, up 103 per cent in the past one month. On June 24, 2021, Dolly Khanna had purchased an additional 76,555 shares, representing 1.06 per cent stake, in Deepak Spinners worth of Rs 1.28 crore via open market. Dolly Khanna acquired shares at price of Rs 167.21 per cent through bulk deal on the BSE, the exchange data shows. READ MORE

12:42 PM

Birla tells govt he is willing to give up promoter stake in Vodafone Idea

Kumar Mangalam Birla has told the government he his willing to offer his stake in Vodafone Idea Limited (VIL) to any state-owned or "domestic financial entity" to keep the stressed telecom company afloat. Birla, VIL’s promoter and chairman of the Aditya Birla Group, made the suggestion in a letter to union cabinet secretary Rajiv Gauba on June 7. VIL has a debt of around Rs 1.8 trillion, which includes deferred spectrum obligations and adjusted gross revenue liabilities. READ MORE

12:28 PM

Maruti, Tata Motors: How to trade auto stocks in the run-up to RBI policy?

Auto sales were in top gear in July with passenger vehicle volumes improving on the back of a healthy order book and an uptick in enquiries and bookings in urban and rural areas. India's largest car-maker, Maruti Suzuki, for instance, rerported total sales of 162,462 units in July 2021 as against 108,064 units during the same period last year. READ MORE

12:12 PM

Policybazaar files DRHP with Sebi, aims to raise over Rs 6,000 cr via IPO

PB Fintech, the parent company Policybazaar and Paisabazaar, has filed a draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (Sebi), with an aim to raise Rs 6,017.50 crore via an initial public offering (IPO).

 

The IPO will consist of a fresh issue of shares worth Rs 3,750 crore and an offer for sale of shares to the tune of Rs 2,267.5 crore from investors and existing shareholders. READ MORE