MARKET WRAP:Sensex ends 100 pts up after a volatile day, Nifty below 11,000

Indices inched higher on reports that the PMO took stock of the steep sell-off being witnessed in the market since the presentation of the Union Budget 2019-20

3:40 PM

Sectoral trends at NSE at close

3:40 PM

Top gainers and losers on S&P BSE Sensex at close

3:39 PM

Closing Bell

The Sensex closed at 37,118 level, up 99 points, or 0.27 per cent. The broader Nifty50 failed to hold the psychological 11,000-mark to end at 10,997, up 17 points, or 0.16 per cent. 

3:25 PM

NEWS ALERT | Govt likely to put 35% minimum shareholding rule for listed entities on hold: sources to Reuters

--The government is also looking for ways to ease concerns of foreign portfolio investors that have pulled out of Indian equity markets after a budget announcement of higher taxes for individuals and trusts earning more than 20 million rupees a year, the source told the news agency.

3:15 PM

Asian Paints at day's high

3:02 PM

Federal Bank slips

3:01 PM

Buzzing | Indiabulls Housing Fin sees sharp fall

2:54 PM

Result impact | HDFC gains post Q1 nos

2:54 PM

Result Impact | SBI slips over 2% as slippages rises in Q1

2:50 PM

Market check | Sensex pares gains

2:46 PM

NEWS ALERT | SBI's corporate slippages at Rs 5,354 crore

2:45 PM

Earnings Alert | Exide Industries Q1

-- Net profit at Rs 224.3 crore, up 6.9% YoY

-- Revenue at Rs 2,779.2 crore, up 0.2% YoY

2:40 PM

NEWS ALERT | Will bring down slippage ratio below 2% by 2020: SBI chairman

2:36 PM

NEWS ALERT | SMA-1 accounts at Rs 7,187 crore: SBI chairman

2:35 PM

NEWS ALERT | One Govt state entity's account for Rs 2,014 cr is in SMA-1 category: SBI chairman, Rajnish Kumar

2:20 PM

Market check

1:53 PM

Earnings Alert | SBI Q1 results

-- Net profit at Rs 2,312 cr

-- Gross NPA at 7.53%

-- Provisions at Rs 9,183 cr

-- Net NPA at 3.07% vs 3.01% QoQ

1:48 PM

Auto stocks top gainers at this hour

1:41 PM

Index Contributors at this hour

1:33 PM

Market check | Nifty turns green

1:31 PM

Market check | Sensex recovers, up 80 pts

1:30 PM

Anand Rathi Shares and Stock Brokers on Biocon

Recommendation: BUY

CMP: Rs 224

TP: Rs 321

On profitability front, the company’s consolidated operating margins stood 29.8%, an improvement of ~870 basis points at ₹4.37 million in Q1-FY20 as against 21.2% in Q1-FY19 at ₹2,378 million. Profit after tax margins for the company stood at 14.1% in Q1-FY20 at ₹2,063 million against 10.7% at ₹1,197 million. The improvement in margins was mainly led by sustained higher contribution of Biologics segment driven by biosimilar products portfolio which led to better product mix.

Going ahead, we continue to expect company to get benefits of first wave of Biosimilar commercialisation in the next two years which should drive higher revenues and margins. We have updated our financials reflecting latest quarterly numbers and continue to remain positive on the stock and maintain our BUY rating with a revised target price of ₹321 per share.

1:29 PM

Talwalkars Group stocks plunge up to 70% in four weeks on ratings downgrade

Shares of Talwalkars Group companies – Talwalkars Healthclubs (THL) and Talwalkars Better Value Fitness (TBVFL) – were on Friday locked in their respective lower circuits for 12th trading session in a row after various rating agencies downgraded the companies' long-term facilities and debenture issues. The market price of these stocks hit new lows at the bourses today. READ MORE

1:23 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
APAR INDS.	472.60	469.40	-3.25	-0.68
APOLLO TYRES	151.15	144.05	-3.10	-2.01
ASAHI INDIA GLAS	191.50	191.50	-3.75	-1.92
ASHOK LEYLAND	63.30	60.85	-5.65	-8.19
AUROBINDO PHARMA	549.45	540.00	-0.95	-0.17

1:23 PM

NEWS ALERT | PMO, Finance Ministry officials met on Thursday to stake stock of economic conditions

-- PMO, Fin Min discussed suggestions proposed by FPIs

 

Alert: FPIs suggested tweaks, if not rollback

(As reported by ET Now)

1:22 PM

NEWS ALERT | PMO takes stock of Market fall: ET Now

-- PM looks into FPI selling

-- PMO takes stock of tax surcharge and its impact on markets, FPI

1:17 PM

Expert Comment :: Vijay Kedia suggests buying value picks

12:56 PM

NEWS ALERT | Latest US action on trade shows how the US is flip-flopping: China

-- China will not give in to blackmail and intimidation

12:54 PM

NEWS ALERT: China's position w.r.t trade talks with US remains consistent: China Foreign Ministry

-- Door for talks is open

12:44 PM

HDFC Q1 preview: Analysts see up to 50% rise in PAT, dip in provisions

At a time when the non-banking finance company (NBFC) sector is in a deep distress, HDFC is likely to standout when it reports its June quarter results for 2019-20 (Q1FY20) on Friday, August 2, analysts say. This, they believe, will be possible due to an improvement in assets under management (AUM) and a stable asset quality. On an average, analysts see the housing finance company report up to 50 per cent rise in the net profit (PAT) for the recently concluded quarter. READ MORE