Sensex trims losses, ends 107 pts down; Nifty below 19,650; NTPC soars 4%

CLOSING BELL ON JULY 28, 2023: NTPC and PowerGrid were the major gainers among the Sensex 30 stocks, while Bajaj Finserv and HDFC Bank declined up to 2 per cent on Friday.

3:55 PM

Comment :: 'Better-than-expected US Q2 GDP data hindered mood of domestic market'

The better-than-expected US Q2 GDP data, though positive, hindered the mood of the domestic market as it signalled the chances of another rate hike. The Fed chief's comments about a data-centric approach without ruling out rate hikes added to the uncertainty. Furthermore, the reversal of the buying trend by FII and the rise in US bond yields contributed to market volatility. However, Asian markets remained largely positive due to the BOJ's decision to retain the policy rate, contrary to speculation about the removal of stimulus measures.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

3:52 PM

ALERT :: Piramal Ent board approves share buyback up to Rs 1,750 cr at Rs 1,250/sh via tender route

>> Buyback price at 16.5% premium to today's closing price

3:51 PM

Currency check :: Rupee ends at 82.25/$ against Thursday’s close of 81.93/$

3:50 PM

BSE Stats :: Rally in broader markets supports overall breadth

3:49 PM

MARKET CHECK :: Top losers on the BSE today

3:48 PM

MARKET CHECK :: Top gainers on the BSE today

3:46 PM

Buzzing stock :: NTPC hits decadal high; m-cap touches Rs 2-trn milestone

3:45 PM

Buzzing stock :: Indiabulls Housing Finance leaps 6% on dividend, fund raise plan

3:44 PM

Buzzing stock :: Bharat Electronics hits record high post Q1

3:43 PM

Buzzing stock :: Indian Bank hits 4-year high on healthy Q! results

3:42 PM

Buzzing stock :: Zomato hits 15-month high intra-day

3:40 PM

Sector check :: IT stocks fall across the board

3:39 PM

Sector check :: Realty stocks in demand; Prestige Estates surge 7%, Mahindra Life 4.4%

3:38 PM

Broader indices outperform benchmarks, gain up to 0.55%

3:37 PM

Sectoral trends :: Realty, Media Indices gain up to 2%, IT index falls the most

3:35 PM

Sensex Heatmap :: Financials, IT stocks drag benchmarks

3:34 PM

CLOSING BELL :: Nifty ends volatile day below 19,650

3:33 PM

CLOSING BELL :: Sensex slips below 66,000 intra-day, ends 100 pts down

3:27 PM

Q1FY24 earnings :: Satin Creditcare posts profit of Rs 87.9 crore vs loss of Rs 208 crore YoY

>> Revenue at Rs 460 crore vs Rs 344 crore YoY

3:17 PM

Indian Oil Q1FY24 results: Net profit at Rs 13,750 cr; revenue down 12%

The revenue from operations for Q1FY24 came in at Rs 2.2 trillion, compared to Rs 2.5 trillion last year. This is a fall of 12.21 per cent year-on-year (YoY). On a quarter-on-quarter (QoQ) basis, the revenue for operations was down 2.36 per cent. It was Rs 2.26 trillion in Q4FY23. READ MORE

3:05 PM

Vegetables in India to stay expensive for longer on erratic monsoon

Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in June, rising 12% month-on-month, official data shows. READ MORE

2:54 PM

IPO-bound Ola Electric recorded $136 million loss in FY23: Report

The e-scooter maker last year in June issued a statement saying it was "on track to surpass $1 billion run rate by end of this year" and "the future forecast looks even stronger." READ MORE

2:43 PM

BEL hits record high on strong Q1 results; stock up 32% so far in 2023

The state-owned company saw 12.5 per cent YoY revenue cgrowth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore. READ MORE

2:33 PM

ALERT:: Mahindra Finance Q1 net soars 58%; stock plunges 5%

Mahindra & Mahindra Financial Services Q1 net profit soared over 58 per cent to Rs 352.66 crore for the quarter ended June 2023 when compared with Rs 222.92 crore in the year ago period. Total income was up 25.1 per cent YoY at Rs 3,125.41 crore.

2:20 PM

Indiabulls Housing Finance zooms 9% as Board recommends dividend for FY23

As the company gets back on the path of growth, the Board has resumed payment of dividends to shareholders, it said in a statement. READ MORE

2:08 PM

ALERT:: Exide Q1 net rises 7%; stock slips 2%

Exide Q1 net profit increased by 6.9 per cent to Rs 241.94 crore for the quarter ended June 2023 when compared with Rs 226.38 crore in the year ago period. Total income was up 3.9 per cent YoY at Rs 4,091.82 crore.

1:58 PM

Nifty Realty gains 2% in weak market; Prestige Estates, DLF soar up to 9%

Including today's gains, the Nifty Realty index has surged 7 per cent this week as against 0.3 per cent fall in the benchmark indices. READ MORE

1:47 PM

Maruti Q1 revenue likely to be flat QoQ; high RM costs may contract margins

On the bourses, shares of Maruti Suzuki surged 16 per cent so far this calendar year (CY23), as against a 9 per cent jump in the S&P BSE Sensex. READ MORE

1:38 PM

ALERT:: Supreme Industries Q1 net flat; stock plunges 5%

Supreme Industries Q1 consolidated net profit rose a wee bit to Rs 215.54 crore in the quarter ended June 2023 when compared with Rs 213.85 crore in the year ago period. Total income was up 7.8 per cent YoY at Rs 2,382.78 crore.

 

1:28 PM

Indian banks to witness record profitability in FY24: SBICAPS report

Owing to the retailisation of loans and a constant rise in deposits, Indian banks are expected to have a record year in 2023-24 (FY24) in terms of profitability, SBI Capital Markets said in its "Report on the Banking Sector". READ MORE