MARKET WRAP: Sensex sheds 135 pts, Nifty below 11,300; metals, PSBs plunge

In the broader market, the S&P BSE MidCap closed 206 points, or 1.48 per cent, lower at 13,710 levels while the S&P BSE SmallCap slipped 163 points, or 1.23 per cent, to end at 13,043 levels.

3:43 PM

Sectoral gainers and losers on the NSE

3:43 PM

Gainers and losers on the S&P BSE Sensex

3:38 PM

CLOSING BELL

The S&P BSE Sensex lost 135 points or 0.36 per cent to end at 37,848 levels while the NSE's Nifty50 index slipped below the crucial 11,300 level to end at 11,271, down 60 points or 0.53 per cent. 

3:15 PM

Index Contributors at this hour

3:03 PM

Earnings Alert | Canara Bank Q1

-- Net profit at Rs 329.1 crore, up 16.9% YoY

-- Gross NPA at Rs 39,399 crore (8.77%)

-- Net NPA at Rs 23,129.6 crore (5.35%)

-- NII at Rs 3,240.1 crore

2:58 PM

Jubliant Foodworks extends losses after Q1 results

2:52 PM

Asian Paints gains 6% from day's low as Q1 profit beats Street estimates

Shares of Asian Paints climbed 3 per cent to Rs 1,475 per share, gaining 6 per cent from intra-day low level on the BSE on Wednesday after the company reported a better-than-expected April-June quarter result in financial year 2019-20 (Q1FY20). The company's net profit jumped 18 per cent to Rs 655 against analysts' expectations of Rs 571 crore. READ MORE

2:44 PM

Bank of Baroda Q1 preview: NII could rise 34% YoY; merged entity's nos eyed

India’s first three-way merged public sector bank, Bank of Baroda, is scheduled to announce its April-June quarter result of financial year 2019-20 (Q1FY20) on Thursday, July 25. The bank, which got merged with Vijaya Bank and Dena Bank with effect from April 1, 2019, is expected to post stronger numbers on standalone basis while analysts would eye results for the merged entity. READ MORE

2:38 PM

Earnings Alert | Jubliant Food Q1 results

-- Consolidated net profit at Rs 71.5 cr
 

-- Revenue at Rs 949.1 cr

 

2:36 PM

NEWS ALERT | Fitch assigns Adani Ports $650 m notes BBB- rating, outlook stable: CNBC TV18

2:23 PM

Result impact | Newgen Software Technologies tanks over 12%

-- Reports Q1 cons net profit down 20.2% at Rs 3.1 cr Vs Rs 3.9 cr (YoY) & cons revenue up 23% at Rs 131 cr Vs Rs 106.5 cr (YoY)

2:19 PM

Result impact | Asian Paints gains over 3% post Q1 nos

2:14 PM

NEWS IMPACT | IndiGo off lows

2:12 PM

NEWS ALERT | Finer details of agreement between promoters worked out during Board meeting: sources to CNBC TV18

-- Resolution plan being worked out

Alert: IndiGo Board met on July 19-20

2:09 PM

NEWS ALERT | IndiGo CEO could be given Board seat: sources to CNBC TV18

2:08 PM

NEWS ALERT | Hope to resolve Board issues soon: Rakesh Gangwal to CNBC TV18

2:06 PM

NEWS ALERT | RPTs in compliance with norms; EY flagged only 'procedural lapses': CNBC TV18

2:05 PM

NEWS ALERT | Board reworking on related party transfer process: sources to CNBC TV18

2:04 PM

NEWS ALERT | IndiGo Board agrees for expansion, InterGlobe Aviation to have 5 nominees: CNBC TV18

2:03 PM

NEWS ALERT | IndiGo case :: Promoters call a truce, outstanding issues being resolved: sources to CNBC TV18

2:01 PM

NEWS ALERT | Automotive Industry is facing unprecedented slowdown: R. Venkatramani, President, ACMA

-- Recommend reducing GST from 28% to 18% across auto component sector

Alert: ACMA is Automotive Component Manufacturers Association of India

1:58 PM

Piramal Enterprises dips 5%

1:39 PM

ZEE gains 5% in weak market on strong June quarter performance

Shares of Zee Entertainment Enterprises (ZEE) surged 5 per cent to Rs 379 in Wednesday's intra-day trade on the BSE in an otherwise weak market riding on the company's strong June quarter performance. The media and entertainment company posted 54 per cent year on year (YoY) jump in its consolidated net profit of Rs 530 crore in Q1FY20, on lower taxes and improved operating performance as compared to a profit of Rs 344 crore in the year-ago quarter. READ MORE

1:33 PM

Market check | Sensex sees sharp recovery; over 200 pts off lows

1:26 PM

Asian Paints enters into the green post Q1 results

1:23 PM

Earnings Alert | Asian Paints Q1

-- Consolidated net Profit at Rs 672 crore

-- Consolidated revenue at Rs 5,204 crore

-- Cons EBITDA at Rs 1,156.2 crore

-- EBITDA margin at 22.5%

1:15 PM

Zee Entertainment gains 4.5%

1:00 PM

Nifty sectoral indices at this hour

12:56 PM

NEWS ALERT | Monsoon activity increases in central and north India: Met Dept

12:51 PM

Analysts turn cautious on consumption-related stocks as growth slows

Once flagged as the biggest driver for the economy and the related stocks at the bourses, India’s ‘consumption story’ seems to have run into rough weather in calendar year 2019 (CY19). After a strong mandate to the Narendra Modi – led National Democratic Alliance (NDA) in the general election, expectations were high that the Budget 2019 will help revive the economy. However, the proposals were met with a lukewarm response. READ MORE