Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%

CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent

3:57 PM

Expert view:: Markets cautious ahead of key US inflation data

"Investors were in a cautious mode in anticipation of the release of US inflation statistics, which will set the tone for the next FED policy meeting. The US CPI inflation during July is projected to remain high, in line with June inflation levels. This, along with strong job data, will compel the FED to keep taking a tough approach to rein in high inflation levels"

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

3:56 PM

Q1 Earnings Watch on Thursday:: Apollo Hospitals, Aurobindo, Bata India, Bharat Forge

Apollo Hospitals, Aurobindo Pharma, Bata India, Bharat Forge, Greaves Cotton, Jet Airways, Sapphire Foods and Trent are some of the prominent companies scheduled to announce June quarter results tomorrow.

3:56 PM

Fine Organic hits record high on strong Q1FY23; stock ends 14.4% higher

Shares of Fine Organic Industries hit a record high at Rs 6,845 on Wednesday, and ended 14.4 per cent higher at Rs 6,665, after the company reported robust June quarter (Q1Fy23) results. The company's consolidated net profit rose over four-fold at Rs 157.28 crore in June quarter, as against Rs 34.93 crore in Q1FY22. READ MORE

3:54 PM

Sugar stocks were under selling pressure in trades on Wednesday

Shares of sugar companies were under pressure on Wednesday amid heavy volumes. Balrampur Chini Mills (BCML) and Shree Renuka Sugars shed around 6 per cent each, while Triveni Engineering and Dwarikesh Sugar were down around 4 per cent each.

3:50 PM

Tata Chemicals surges 12% on strong June quarter results

Tata Chemicals surged 12 per cent to Rs 1,072 after the company reported a strong 87 per cent YoY jump in its consolidated profit after tax at Rs 641 crore in the June quarter (Q1FY23). 

3:49 PM

AIA Engineering hits new 52-week high, soars 8%

AIA Engineering soared over 10 per cent to a high of Rs 2,650, and eventually ended 7.8 per cent higher at Rs 2,581 after the company's consolidated net profit rose 28.4 per cent YoY to Rs 191.47 crore in the quarter ended June 2022. Total income was up 41.2 per cent at Rs 1,100.33 crore. 

3:47 PM

Eveready Industries hits five-month high, gains 4.8%

Eveready Industries hit a five-month high at Rs 374.50 and was up 4.8 per cent. The stock of the batteries maker quoted at its highest level since March 3, 2022 on hopes of better business outlook. READ MORE

3:44 PM

Tech view:: Short-term trend may remain bullish

"Nifty has confirmed the resilience of the up trend by closing above the previous congestion high on the daily chart. The important moving averages are lying comfortably below the current index value confirming the uptrend again. The trend may remain bullish over the short term as long as it remains above 17350. However, the rally towards 17,750-17,800 is likely to attract selling pressure at the higher levels."

 

- Rupak De, Senior Technical Analyst at LKP Securities

3:41 PM

Sectoral Performance: Metals shine; IT, FMCG and PSU Banks slip

3:39 PM

Broader market ends on a tepid note; Smallcap50 slips 0.6%

3:37 PM

Nifty 50:: Top 5 gainers & losers on Wednesday

3:36 PM

Sensex 30 Heatmap:: 12 Gainers v/s 18 Losers

3:34 PM

NSE Nifty 50 shuts shop at 17,535, up almost 10 points

3:33 PM

Closing Bell:: S&P BSE Sensex ends 36 points lower at 58,817

3:28 PM

Hindalco posts highest ever quarterly profit in Q1 at Rs 4,119 cr, up 48%

Hindalco on Wednesday reported a 47.7% rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30, on the back of strong operational efficiencies. That beat analysts’ estimates for a profit of Rs 2,850 crore. Sales climbed 40% from a year earlier to Rs 58,020 crore. READ MORE

3:25 PM

BSE 500:: Volume Shockers

Westlife Development has witnessed unusually high volume of around 9.12 lakh shares so far on the BSE as against its five-day average volume of around 7,500-odd shares. Similarly, Zensar Technologies, City Union Bank, Tata Chemicals and Responsive Industries have also witnessed a significant spike in volume in trades.

3:17 PM

ALERT :: Bank of Baroda hikes lending rates by 5-20 bps

3:16 PM

FY23's interest coverage ratio likely to deteriorate: Bank of Baroda study

The interest payments of the companies is going to increase going forward because interest rates are expected to go up in the rising rate cycle. READ MORE

3:08 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Trident has surged over 9 per cent from its low of the day so far. Similarly, City Union Bank, Tata Chemicals, JK Paper and Zensar Technologies were some of the other significant movers from the lows of the day.

3:00 PM

BSE 500:: Stocks falling significantly from the highs of the day

Natco Pharma has shed 12.5 per cent in intra-day trades so far. Similarly, Avanti Feeds, Brightcom Group, Suven Pharma, Balrampur Chini and Suzlon Energy have lost notable ground from the highs of the day on Wednesday.

2:50 PM

Global Check:: US, UK stock futures marginally in green

Source: Investing.com

2:42 PM

ALERT :: Tata Power to set up EV charging points across JP Infra''s residential projects

>> Aims to accelerate sustainable mobility in Mumbai

2:37 PM

Sensex 30 Heatmap:: Tata Steel, L&T, ICICI Bank shine; Bajaj Finance, NTPC whine

2:28 PM

Sugar shares under pressure, decline up to 7%; Balrampur Chini at 2022 low

Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar were down in the range of 2 per cent to 7 per cent on the BSE. READ MORE

2:18 PM

Global food inflation eases, but uncertain crops slow wider relief

Crop futures have retreated to pre-war levels, and the UN's monthly measure of food prices sank the most since 2008. READ MORE

2:10 PM

Aviation related shares under pressure; SpiceJet down 5%

Shares of low-cost airline SpiceJet were down nearly 5 per cent. InterGlobe Aviation and Jet Airways too were down over a per cent each in trades on Wednesday so far.

2:03 PM

BSE 500:: Top losers so far

Natco Pharma and Avanti Feeds have slumped over 9 per cent each and were the top losers among the BSE 500 stocks so far. They were followed by Suven Pharma, eClerx Services and Shree Renuka Sugar.

1:56 PM

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

JSW Energy said on Wednesday that its arm JSW Neo Energy will buy a portfolio of 1.75 gigawatt (GW) renewable energy assets from Mytrah Energy for Rs 10,530 crore. READ MORE

1:48 PM

Global Check:: Marginal losses seen across Asia

Source: Yahoo Finance

1:41 PM

BSE 500:: Top gainers so far

Fine Organic has zoomed over 15 per cent and was the top gainer among the BSE 500 stocks so far on Wednesday. Tata Chemicals, City Union Bank, AIA Engineering and JK Paper were some of the other significant gainers.