Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat

Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent

4:06 PM

COMMENT:: Markets start week on a cautious note ahead of inflation, RBI outcome

"The Indian market began the data-centric week with modest gains, primarily propelled by strong performances in the pharma and IT sectors. Global markets portrayed a mixed picture, with US futures exhibiting positivity in response to a moderation in bond yields, while European markets experienced declines due to weak economic data. Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI's monetary policy."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:04 PM

COMMENT:: RBI may keep rates untouched; Auto, Bank stocks look good

MPC will be concerned about the high vegetable inflation prevailing now. But since this is due to seasonal factors monetary policy cannot do anything about it. More importantly, there is strong growth momentum in the economy now and the MPC is unlikely to do anything that upsets the growth apple cart. So, the rates and stance are likely to remain unchanged.

 

Investors should be focussed on the growth and earnings prospects of different sectors and companies within sectors. Banking, capital goods and autos are on strong wicket.

 

- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
 

4:04 PM

Paytm gains 7% after founder Vijay Shekhar Sharma inks deal to buy stake from Antfin

On closing of this transaction, Sharma's shareholding in Paytm (direct and indirect) will increase to 19.42 per cent, whereas Antfin's shareholding will reduce to 13.5 per cent. READ MORE

4:01 PM

Adani Green tanks 12% intra-day after nearly 3% equity change hands via block deal

At 09:15 AM; around 44.24 million shares representing 2.8 per cent of total equity of AGEL changed hands on the BSE, the exchange data showed. READ MORE

3:59 PM

Yatharth Hospital makes a decent debut; stock ends Day 1 at 11% premium to issue price

The stock touched a high of Rs 343, a 14% premium against its issue price of Rs 300 per share on the BSE. READ MORE

3:57 PM

Aurobindo Pharma hits 2-year high; stock zooms 100% thus far in 2023

Aurobindo said its subsidiary Eugia has received a final approval from the USFDA to manufacture and market Vancomycin Hydrochloride for Injection used in treatment of skin and bone infection. READ MORE

3:56 PM

Orient Cement hits 52-week high on heavy volumes; zooms 25% in 3 days

The upward movement in the stock price of the CK Birla Group company has been seen after Ambuja Cement successfully acquired Sanghi Industries in a deal valued at Rs 5,000 crore. READ MORE

3:55 PM

Telecom infra stocks in demand; Birla Cable, Sterlite Tech surge up to 20%

The Union Cabinet on Friday approved Rs. 1.3 trillion ($17 billion) worth of investments to drive the next stage of the government's ambitious Bharatnet project. READ MORE

3:53 PM

Britannia Industries slips 3% as Q1FY24 results misses Street estimates

The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively. READ MORE

3:52 PM

M&M jumps 4% as Q1 results impresses Street; brokerages remain bullish

In the recently concluded quarter, the company's consolidated revenue rose 19 per cent YoY to Rs 33,892 crore. READ MORE

3:51 PM

Zen Technologies hits 10% upper limit on strong Q1 performance

The company's net profit jumped nearly 6-fold to Rs 47.13 crore for Q1FY24, backed by a near 4-fold growth in revenue. READ MORE

3:50 PM

Market breadth was marginally positive; Over 2,000 shares advanced vs 1,660 declining stocks on the BSE

3:48 PM

Nifty Healthcare index surged 2%; Max Healthcare, Divis Lab, Biocon lead

3:46 PM

BSE Smallcap Heatmap:: Universal Cables zooms 20%; Venkys tanks 15%

3:44 PM

BSE Midcap Heatmap:: IRFC zooms 10%; Aditya Birla Fashion, Balkrisha slip over 4%

3:42 PM

Broader indices gain in tandem with benchmark Nifty 50; India VIX climbs 5%

3:41 PM

Nifty 50 Losers:: Britannia sheds 3%; SBI, Tata Motors other notable losers

3:39 PM

Nifty 50 Gainers:: Divis Lab, M&M rally over 4%; SBI Life, Sun Pharma, LTIM gain 2%

3:36 PM

Sensex 30 Heatmap:: 22 Gainers v/s 8 Losers

3:34 PM

CLOSING BELL:: NSE Nifty50 settles with a gain of 80 pts at 19,597

3:32 PM

CLOSING BELL:: S&P BSE benchmark bounces ends 235 pts higher at 65,953

3:23 PM

ALERT:: SPARC Q1 net loss widens to Rs 95.35 cr; stock sheds 3%

Sun Pharma Advanced Research Company (SPARC) Q1 net loss widened to Rs 95.35 crore for the quarter ended June 2023 as against a loss of Rs 82.35 crore in the year ago quarter. Total income, however, was up 19.2 per cent YoY at Rs 34.14 crore.

3:17 PM

ALERT:: Barbeque-Nation reports Q1 net loss at Rs 4 cr; stock tumbles nearly 6%

Barbeque-Nation Hospitality posted a net loss of Rs 4.05 crore for the quarter ended June 2023. In comparison, the company had reported a net profit of Rs 16.02 crore in the corresponding quarter a year ago. Total income was up 2.2 per cent YoY at Rs 324.77 crore.

3:07 PM

ALERT:: Whirlpool of India Q1 net dips 20%; stock down 1%

Whirlpool of India Q1 net profit declined 20 per cent to Rs 62.27 crore for the quarter ended June 2023 as against Rs 77.90 crore in the corresponding quarter a year ago. Total income was down 3 per cent YoY at Rs 1,955.08 crore.

2:58 PM

ALERT:: RateGain Travel Technologies Q1 net jumps 3-fold; stock soars 7%

RateGain Travel Technologies Q1 net profit jumped 196 per cent to Rs 24.91 crore for the quarter ended June 2023 as against Rs 8.42 crore in the corresponding quarter a year ago. Total income increased 73.5 per cent YoY to Rs 220.46 crore.

2:49 PM

ALERT:: Emami Q1 net soars 87%; stock up 2%

Emami today reported 87 per cent YoY surge in Q1FY24 to Rs 138 crore; consolidated revenue grew by 7 per cent to Rs 826 crore.

2:39 PM

Adani Energy Solutions secures $1 bn financing for green HVDC link project

The 80-km multi-faceted project will offer a technological upgradation to the Mumbai city. The construction work for this link will begin in October 2023, AESL (erstwhile Adani Transmission Ltd) said. READ MORE

2:28 PM

ALERT:: GHCL Q1 net rises 19%; stock trades flat

GHCL Q1 net profit increased by 18.8 per cent to Rs 426.25 crore for the quarter ended June 2023 as against Rs 358.70 crore in the corresponding quarter a year ago. Total income, however, declined 10.7 per cent YoY to Rs 1,029.14 crore.

2:18 PM

India Cements posts wider Q1 adjusted loss as raw material costs weigh

Revenue from operations fell about 4% to 1393 crore rupees, while raw materials cost surged 13.2%. READ MORE

2:08 PM

ALERT:: Keystone Realtors Q1 net soars 11-fold; stock rallies 9%

Keystone Realtors (Rustomjee) Q1 net profit soared 1,002 per cent or 11-fold to Rs 46.51 crore for the quarter ended June 2023 as against Rs 4.22 crore in the corresponding quarter a year ago. Total income rose 60.7 per cent YoY to Rs 282.82 crore.