MARKET WRAP: Sensex snaps 6-day losing streak, up 52 pts; autos lead rally

In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, or 0.22 per cent, higher at 13,060 levels.

3:50 PM

Sectoral gainers and losers on the NSE

3:50 PM

Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 52 points or 0.14 per cent to settle at 37,883 while the NSE's Nifty50 index ended at 11,284 levels, up 32 points or 0.29 per cent.

3:29 PM

IDFC First Bank gains 14% in two days post June quarter results

Shares of IDFC First Bank gained 10 per cent to Rs 43 apiece on Friday, gaining 14 per cent in the past two trading days on the BSE, despite a net loss of Rs 617 crore in June quarter (Q1FY20). The loss was due to higher provisioning for stressed assets, financial data of the bank showed. The private lender had posted a net profit of Rs 181 crore in the year-ago quarter. READ MORE

3:09 PM

Earnings Alert | Force Motors Q1 result

-- Net Profit at Rs 26.1 crore, down 36.2% YoY

-- Revenue at Rs 802.4 crore, down 9.7% YoY

-- EBITDA at Rs 70.10 crore down 11.3% YoY

--EBITDA Margin at 8.74%

3:05 PM

Earnings Alert | Jubilant Life Sciences Q1 result

-- Cons net profit down 8.6% at Rs 185 cr Vs Rs 202.5 cr (YoY)

-- Cons revenue up 5% at Rs 2,182 cr Vs Rs 2,079 cr (YoY)

 

2:56 PM

NEWS ALERT | Andhra High Court order stays state government order on renegotiation of PPAs with power developers: CNBC TV18

2:40 PM

Maruti Suzuki Q1 profit declines 27.3% to Rs 1,435 crore, revenue slips 14%

Maruti Suzuki reported standalone net profit of Rs 1,435 crore for June quarter, down 27.3 per cent from the year-ago's Rs 1,975.3 crore profit. Revenue from operation came in at Rs 18,735.2 crore, down 14.1 per cent on a YoY basis. The company posted Ebitda of Rs 2048 crore, down 38.5 per cent from Q1FY19's Rs 3,330 crore. Margin were down 440 bps at 10.4 per cent as compared to 14.8 per cent YoY. READ MORE

2:36 PM

S&P BSE Auto index rises nearly 2%; Eicher Motors up over 5%

2:32 PM

MARKET CHECK | Midcaps outperform benchmarks

2:23 PM

NEWS ALERT | Bank consolidation to depend on opportunities available: Sunil Mehta

-- BHushan Steel is at advanced stage of resolution

-- Not looking at distress sale of non-core assets

2:21 PM

NEWS ALERT | Expect to bring down gross NPA level below 12% by the end of the year: Sunil Mehta, chairman, PNB

-- FY19-20 will be year of profitability of the bank, he said

2:19 PM

NEWS ALERT | Thirumalai Chemicals to set up food ingredients manufacturing facility in the US with 30,000 t/year capacity: CNBC TV18

2:18 PM

NEWS ALERT | GST Council likely to take up rate cut on Electric Vehicle chargers from 18% To 12%: BTVI quoting sources

-- This item is part of additional items to be taken up in Council meet on July 27

Alert: Rate cut on EVs from 12% to 5% already on agenda

2:11 PM

Buzzing | Bajaj Electricals slips over 6%

1:59 PM

NEWS ALERT | PNB reports fresh slippages of Rs 4,711 cr Vs Rs 6,710 cr (QoQ)

-- recovery at Rs 3,800 cr

1:57 PM

Indian Oil Corp trades lower

1:45 PM

Result impact | Maruti Suzuki off highs

1:41 PM

Earnings Alert | Maruti Suzuki Q1 result

-- Net profit at Rs 1,435.5 crore

-- Revenue at Rs 19,720 crore

-- EBITDA Margin at 10.4%

-- EBITDA at Rs 2,048 crore

1:37 PM

Jubilant Foodworks trades nearly 3% higher

1:27 PM

RESULT IMPACT: PNB slips from day's high

1:23 PM

Earnings Alert | PNB Q1 result

-- Net Profit at Rs 1,018.6 crore

-- Provisions at Rs 2,023 crore vs Rs 10,071 cr; vs Rs 5578 cr YoY

-- NII at Rs 4,141.4 crore

-- Net NPA at 7.17%

-- Gross NPA at 16.49%

-- Loan growth down 8% QoQ and up 1.55% YoY

1:10 PM

NEWS ALERT | US FDA issues four observations to Indoco Remedies' Goal Plant II & III

-- FDA issues establishment inspection report

-- Inspection held between May 27- June 4
 

1:03 PM

Varun Beverages surges 11% in 2 days after stock turn ex-date for 1:2 bonus

Shares of Varun Beverages (VBL) hit an all-time high of Rs 667 apiece, up 8 per cent intra-day, on the BSE on Friday. The stock has surged 11 per cent in the past two trading days on the exchange after it turned ex-date for bonus issue in the ratio of 1:2 on Thursday. In comparison, the S&P BSE Sensex was up 0.20 per cent in past two days.

 

The stock of the beverages manufacturer surpassed its previous high of Rs 650 (adjusted to bonus) hit on July 9, in the intra-day trade. READ MORE

12:58 PM

Market check

12:55 PM

Piramal Enterprises trades 4% higher

12:45 PM

NEWS ALERT | YES Bank acquires 18.55% stake in Cox & Kings: CNBC TV18

-- Also, 30% stake in Ezeego One Travel & Tours Ltd on pledge invocation

12:27 PM

Earnings Alert | Bajaj Auto Q1 result

-- Net profit at Rs 1,125.7 crore

-- Revenue at Rs 7,756 crore

-- EBITDA at Rs 1,198.2 crore

-- EBITDA Margin at 15.45%

12:22 PM

Punjab National Bank trades 5% higher ahead of Q1 Results; top gainer on Nifty PSU Bank index

12:14 PM

NEWS ALERT | Shriram Transport buys back NCDs of Rs 210.7 cr on private placement basis, as per a BSE filing