Sensex slips 542 pts, Nifty holds 19,350; Vedanta sinks 7%, Adani Ent up 2%

Closing Bell on August 3: 39 of the 50 Nifty stocks ended in the negative zone led by Titan, Bajaj Finserv, ONGC, ICICI Bank, Nestle India, Ultratech Cement

4:18 PM

Fitch downgrades US' rating: How soon can the markets recover?

Stock markets, analysts suggest, are impacted by unexpected events and see a knee-jerk reaction. When market valuations are high, the sell-off, they say, will be sharp. READ MORE

4:15 PM

SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why

SBI Q1 preview: The net profit estimates for Q1FY24 range from Rs 13,760 crore to Rs 16,340 crore. READ MORE

4:14 PM

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said. READ MORE

4:13 PM

MRF gains 4%, hits new high in weak market on strong Q1 results

The benefits of lower raw material cost resulted in better profitability during the quarter. READ MORE

4:11 PM

Titan dips nearly 3% on disappointing Q1 operational performance

Heightened competitive scenario has led to company lowering its making charges in a bid to sustain market share gains during the quarter. READ MORE

4:10 PM

Vedanta slips 7%, nears 52-week low on huge block deals

In early deals, around 371.7 million equity shares, which represented 5.6 per cent of Vedanta's total equity changed hands on the NSE and BSE. READ MORE

4:08 PM

KSB zooms 19% in a weak market on healthy June quarter performance

The Government's focus on irrigation projects, drinking water supply, sanitisation projects and urban housing is expected to drive the demand for pumps in the water segment. READ MORE

4:05 PM

New era of Indian equity outperformance is dawning: Morgan Stanley

In India, Morgan Stanley believes, the situation is in stark contrast to that in China. India, it said, is arguably at the start of a long wave boom. READ MORE

4:03 PM

Ambuja Cements gains 3% on acquisition of Sanghi Industries for Rs 5,000 cr

The company will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi & family. READ MORE

4:01 PM

UPL slips 3%, hits over 2-year low on weak June quarter results

The management said the market is witnessing pricing pressure given the high base of previous year and aggressive price competition has seen from the Chinese post patent exporters. READ MORE

3:58 PM

Varun Beverages rises 2% on strong Q2 results; stock up 26% so far in 2023

The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23). READ MORE

3:56 PM

FDC surges 9% as board to consider buyback on August 9

Since April, the stock price of FDC has appreciated 48 per cent as compared to 11.2 per cent rise in the S&P BSE Sensex. READ MORE

3:54 PM

Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs

Dixon Technologies surged 8 per cent to its intra-day high of Rs 4,467 apiece. HCL Infosystems rallied 9 per cent to a high of Rs 17.40 and Optiemus Infracom jumped 8 per cent. READ MORE

3:51 PM

Market breadth was neutral; Close to 1,800 shares advanced vs 1,760 declining stocks on the BSE

3:49 PM

BSE Smallcap Heatmap:: DigiSpace, KSB soar up to 20%; Ador Welding slumps 13%

3:47 PM

BSE Midcap Heatmap:: IRFC zooms over 12%; IDBI, Laurus Labs rally over 5%

3:44 PM

Broader indices buck trend, with with marginal gains; India VIX slips 0.8%

3:42 PM

Nifty 50 Losers:: Titan, ONGC, Bajaj Finserv, ICICI Bank, Nestle dip 2%

3:40 PM

Nifty 50 Gainers:: Adani Enterprises, Adani Ports gain over 2%; Eicher adds 1.5%

3:38 PM

Sensex 30 Heatmap:: 4 Gainers v/s 26 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 settles at 19,382, down 145 pts; Index dipped below 19,300 in intra-day deals

3:34 PM

CLOSING BELL:: S&P BSE benchmark falls for the third straight day; ends 542 pts lower at 65,241

3:25 PM

ALERT:: Zomato reports Q1 turnaround, with Rs 43 cr profit; stock surges 3%

Zomato today posted a net profit of Rs 43 crore for the quarter ended June 2023. In comparison, the company had reported a net loss of Rs 263 crore in Q1FY23. Total income zoomed over 64 per cent to Rs 2,597 crore from Rs 1,582 crore.

3:20 PM

Global Check:: US stock futures marginally in red; UK down around 1%

Source: Investing.com

3:11 PM

ALERT:: Karnataka Bank Q1 net soars 3-fold; stock rallies 7%

Karnataka Bank Q1 net profit soared 224.7 per cent to Rs 370.70 crore for the quarter ended June 2023 as against Rs 114.18 crore in the year ago quarter. Total income increased by 29.6 per cent YoY to Rs 2,282.58 crore.

3:02 PM

ALERT:: Adani Enterprises Q1 net jumps 44%; stock up 1.5%

Adani Enterprises Q1 net profit jumped 43.7 per cent to Rs 674 crore for the quarter ended June 2023 as against Rs 469 crore in the year ago quarter. Total income, however, declined 37.7 per cent YoY to Rs 25,438 crore.

2:56 PM

ALERT:: Dabur Q1 consolidated net up 3.5%; stock slips 2%

Dabur Q1 consolidated net profit rose by 3.5 per cent to Rs 456.61 crore for the quarter ended June 2023 as against Rs 441.06 crore in the year ago quarter. Total income, however, increased by 10.9 per cent YoY to Rs 3,240.25 crore.

2:47 PM

ALERT:: Kalyan Jewellers to launch 11 showrooms in August; stock up 2%

Kalyan Jewellers announced its expansion plan for August across India with 11 new showrooms. With this expansion, the jewellery brand will mark the milestone of its 200th showroom launch globally in Jammu, the company said in an exchange filing.

2:37 PM

ALERT:: Satin Creditcare Network apporves 14.17 cr NCD issue; stock up 2%

The board of Satin Creditcare Network today approved issue of unlisted, rated, secured, redeemable, Non-Convertible Debentures with a face value of Rs 1 lakh each and an aggregate value of Rs 14.17 crore on a private placement basis.

2:27 PM

Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs

Dixon Technologies surged 8 per cent to its intra-day high of Rs 4,467 apiece. HCL Infosystems rallied 9 per cent to a high of Rs 17.40 and Optiemus Infracom jumped 8 per cent. READ MORE