Sensex, Nifty end choppy day flat; Power Grid slides 5%, Hero Moto 3%

Closing Bell on August 1, 2023: Power Grid, Hero MotoCorp, Apollo Hospitals, IndusInd Bank, Bajaj Finserv, SBI, Adani Ports, Reliance Industries, and Maruti Suzuki were the top laggards

4:07 PM

COMMENT:: Hopes of a soft landing for the US economy triggered rally in IT stocks

"The domestic indices traded with a negative bias below the flattish trend, impacted by global peers. Despite this, mid- and small-cap stocks continued to outperform the benchmark index. IT stocks rallied on hopes of a soft landing for the US economy. India's manufacturing activity remained robust, although marginally it moderated for the second consecutive month in July. The market direction in the upcoming days will be influenced by key data points, including auto sales figures, US PMI, and US job data."

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:05 PM

Mid, smallcaps reach for the sky despite analysts sounding caution

In July, the S&P BSE Smallcap index surged 7.4 per cent as compared to 5.7 per cent rally in the Midcap index, and a modest 2.8 per cent gain in the Sensex. READ MORE

4:04 PM

Hero Moto falls 7% from day's high amid report of PMLA case against Munjal

According to reports, a case has been registered against Chairman Pawan Munjal under the Prevention of Money Laundering Act (PMLA), 2002. READ MORE

4:03 PM

GoFirst insolvency, high fares to drive IndiGo's turnaround in Q1: Analysts

IndiGo Q1 preview: Besides these two factors, analysts believe, strong passenger traffic growth, coupled with high airfares, would also support the Q1FY24 earnings. READ MORE

4:02 PM

Ujjivan Financial, Ujjivan SFB surge up to 18% in 2 days on heavy volume

The entire merger process is expected to be completed within a time-frame of 7-8 months i.e. by October-November 2023, Ujjivan Small Finance Bank said. READ MORE

4:00 PM

Tata Power surges 10% in 3 days on positive outlook; stock nears 52-week high

The base and peak demand is expected to maintain growth at above long-term trajectory during FY24 driven by higher industrial and commercial activities, digitalization and electric transportation. READ MORE

3:59 PM

Hind Copper gallops 18% in 2 days on management rejig; hits 52-week high

Hindustan Copper has appointed Ghanshyam Das Gupta as the Unit Head of Khetri Copper Complex; and Ghanshyam Sharma as the interim CMD. READ MORE

3:58 PM

DLF slips 4% after over 20 mn equity shares change hands via block deal on BSE

Thus far in the current calendar year 2023, DLF has rallied 33 per cent, as compared to 8.7 per cent rise in the S&P BSE Sensex. READ MORE

3:56 PM

Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month

The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options. READ MORE

3:54 PM

Exide surges over 5%, nears record high on improved Q1 earnings

Steady sales expansion in key verticals along with cost optimisation benefits resulted in healthy EBITDA growth. READ MORE

 

3:50 PM

Nifty IT index rallies over 1%; L&T Technologu, CoForge jump 3%

3:49 PM

Market breadth was positive; Over 2,050 shares advanced vs near about 1,500 declining stocks on the BSE

3:47 PM

BSE Smallcap Heatmap:: KIOCL, Dynamic Tech, Jindal World top movers; Kopran tanks 10%

3:45 PM

BSE Midcap Heatmap:: IDBI, IRFC zoom up to 9%; Polycab, Max Health shed 4%

3:44 PM

SmallCaps outperform, gain up to 0.9%; India VIX dips 1%

3:42 PM

Nifty 50 Losers:: Power Grid tumbles 5%; Hero MotoCorp, Apollo Hospital also major laggards

3:41 PM

Nifty 50 Gainers:: Coal India soars 5%; NTPC, Tech M, HCLTech other top movers

3:39 PM

Sensex 30 Heatmap:: 15 Gainers v/s 15 Losers

3:38 PM

CLOSING BELL:: NSE Nifty50 slips 20 points to 19,734

3:35 PM

CLOSING BELL:: S&P BSE benchmark settles 68 points lower at 66,459 amid choppy moves

3:22 PM

Global Check:: US stock futures down 0.3%; UK decline 1%

Source: Investing.com

3:12 PM

ALERT:: Escorts Kubota Q1 net zooms 91%; stock up 1%

Escorts Kubota reported a 91.8 per cent YoY surge in Q1 net profit to Rs 282.80 crore for the quarter ended June 2023, backed by 15.5 per cent growth in revenue at Rs 2,327.70 crore.

3:03 PM

Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month

The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options. READ MORE

2:53 PM

ALERT:: J Kumar Infraprojects wins Rs 3,401 cr order; stock jumps 4%

The company is in reciept of 04 (Four) Letter of Acceptance from National Highway Authroities of India dated July 31, 2023 amounting to Rs 3,570 crore, of which the share of J Kumar Infraprojects is amounting to Rs 3,401 crore, J Kumar Infraprojects said in a release.

2:44 PM

July Auto Sales :: Mahindra Auto sells highest ever SUVs; stock up 1.4%

2:34 PM

ALERT:: Maharashtra Seamless Q1 net soars 48%; stock tumbles 5%

Maharashtra Seamless Q1 net profit soared 48 1 cent to Rs 206.62 crore for the quarter ended June 2023 when compared with Rs 139.55 crore in the corresponding quarter a year ago. Total income, however, declined 7.1 per cent YoY at Rs 1,256.36 crore.

2:33 PM

July Auto Sales :: Tata Motors posts flat domestic sales

2:32 PM

SBI's Rs 100 billion infra bonds: Is it a worthy investment?

At 7.54% per annum coupon rate, the SBI Infrastructure bond is not very attractive for retail investors, since many banks are offering similar interest rates on their 5-7 years long fixed deposits. READ MORE

2:23 PM

ALERT:: July GST collections up 11% YoY

GST collections in July rose by 11 per cent YoY to Rs 1.65 lakh crore, reports CNBC TV-18.

2:13 PM

ALERT:: HFCL wins Rs 138 cr order; stock up 2%

HFCL informed the exchanges, that its material subsidiary, HTL has received the Purchase Orders aggregating to Rs 137.63 crores from Reliance Retail for supply of Optical Fiber Cables.