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MARKET WRAP: Indices trim gains, Sensex ends 277 pts higher; DHFL jumps 32%

All that happened in markets today

SI Reporter New Delhi
markets, share market

3 min read Last Updated : Aug 06 2019 | 4:02 PM IST

4:02 PM

MARKET COMMENT | Satish Kumar, Sr Research Analyst, Choice Broking

Despite weak global and domestic cues, benchmarks traded in positive territory throughout the day and ended with a gain of 0.6 per cent as value buying emerged in banking and auto stocks. Globally, markets witnessed sell-off as US designated Beijing a currency manipulator, escalating a protracted trade war between the world's two biggest economies. Value buying can sustain for few more sessions given the oversold position on domestic equity and highly likelihood of 25-50 bps repo rate cut by the RBI on tomorrow.

3:51 PM

Sectoral gainers and losers on the NSE

3:51 PM

Top gainers and losers on the S&P BSE Sensex

3:34 PM

CLOSING BELL

The S&P BSE Sensex ended 277 points or 0.75 per cent higher at 36,977 levels while the NSE's Nifty50 index ended at 10,948, up 86 points or 0.79 per cent. 

3:04 PM

Pidilite Industries gains 4% on good Q1 results, stock hits all-time high

Shares of Pidilite Industries hit an all-time high of Rs 1,324, up 4 per cent intra-day on the BSE on Tuesday after the company reported a better-than-expected 22 per cent jump in consolidated net profit at Rs 294 crore in June quarter (Q1FY20), on strong volume growth. The company had a profit of Rs 241 crore in the year-ago quarter. READ MORE

3:02 PM

Stock Alert | DHFL gains 27% after it shares resolution plan

2:57 PM

Titan Company gains after Q1 results

2:56 PM

Titan Company Q1 results

-- Standalone net profit at Rs 370.7 cr
 
-- Standalone revenue at Rs 4,939.7 cr
 
-- Standalone ebitda at Rs 565.3 cr
 
-- Standalone ebitda margin 11.4%

2:51 PM

Nifty Bank index reclaims 28,000

2:50 PM

Amber Enterprises India gains 5%

2:47 PM

Goldman Sachs sees no trade deal before 2020 U.S. election, now expects 3 rate cuts

Goldman Sachs said it no longer expects the United States and China to agree on a deal to end their prolonged trade dispute before the November 2020 presidential election as policymakers from the world’s largest economies are “taking a harder line”.

The bank now expects two back-to-back rate cuts from the U.S. Federal Reserve (Fed) “in light of growing trade policy risks, market expectations for much deeper rate cuts, and an increase in global risk related to the possibility of a no-deal Brexit”.
 
The comment on U.S.-China trade and a revision to Fed expectations came after U.S. President Donald Trump said last week he would impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, further aggravating trade tensions with Beijing.

-- Reuters

2:41 PM

DHFL shares resolution plan; seeks moratorium on bank loan repayments

After months of deliberation, the troubled housing financier Dewan Housing Finance Corporation (DHFL) has finalised and placed a resolution plan to its lenders on Tuesday. The company, in an intimation to stock exchange, communicated that the draft resolution plan was formulated in consultation with a special committee set up for this purpose and its financial advisor, Ernst & Young. The plan was submitted to its lenders on Tuesday. READ MORE

2:25 PM

Nifty hits 11,000

2:18 PM

BASF surges 8% post Q1 numbers

2:17 PM

RESULT IMPACT:: Aditya Birla Fashion

Topics :MarketsMARKET WRAP

First Published: Aug 06 2019 | 7:31 AM IST