Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

4:03 PM

Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days

With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday. READ MORE

4:02 PM

Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed

Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro. READ MORE

4:01 PM

IndusInd Bank gains 2%; hits highest level since Jan 2020 on healthy Q1 nos

The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months. READ MORE

3:59 PM

RIL nears record high ahead of Jio Financial demerger; up 12% so far in July

Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion. READ MORE

3:57 PM

HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts

HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent. READ MORE

3:56 PM

This defence company's stock has soared 102% in 2 weeks; posts solid Q1 nos

Shares of Premier Explosives were locked in 10 per cent upper circuit after the company's Q1FY24 profit jumped over six-fold to Rs 8.26 crore. READ MORE

3:54 PM

History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?

Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024. READ MORE

3:53 PM

Rallis India ends flat a day after Rekha Jhujhunwala offloads 5.5% stake

Tata Chemicals acquired 9.7 million shares of its subsidiary for Rs 208 crore through a bulk deal, with face value of Re 1 each at Rs 215.05 per equity share. READ MORE

3:51 PM

Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee

The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps. READ MORE

3:50 PM

Market Breadth was notably positive; 2,000 shares advanced v/s 1,400-odd declining stocks on the BSE

3:48 PM

BSE Smallcap Heatmap:: Universal Cables, TTML zoom over 10%; Network18 sheds 7%

3:47 PM

BSE Midcap Heatmap:: SJVN soars 6%; Patanjali, PolyCab soar over 4%; Bharat Forge slips

3:44 PM

Broader indices outperform; India VIX declines 1%

3:43 PM

Nifty 50 Losers:: Hindalco, Hero MotoCo, TCS slip around 1%

3:41 PM

Nifty 50 Gainers:: NTPC, Bajaj twins, IndusInd, UltraTech rally 2-3%

3:39 PM

Sensex 30 Heatmap:: 21 Gainers v/s 9 Losers

3:38 PM

CLOSING BELL:: NSE Nifty50 ends 84 pts higher at 67,097

3:36 PM

CLOSING BELL:: S&P BSE benchmark hits fresh high at 67,171; ends with a gain of 302 points at 67,097

3:26 PM

ALERT:: DCW reports temporary shutdown of Tamilnadu plant; stock dips 2%

DCW in an exchange filing said that the company's plant located at Sahupuram, Tamilnadu has been temporarily shut down from Wednesday, July 19, 2023 due to unexpected failure in the power plant at site. The expected time period of the shutdown will be around 5 to 6 days, however, the Management is making all possible efforts to bring this to normalcy as soon as possible.

3:18 PM

Tejas Networks hits new high, surges 9% ahead of June quarter results

Thus far in the calendar year 2023, the stock price of Tejas Networks has zoomed 53 per cent, as compared to 9.4 per cent rise in the S&P BSE Sensex. READ MORE

3:10 PM

US association of IT firms seeks increase in H-1B quota amid talent crunch

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. READ MORE

3:00 PM

SBI to set up trustee company to manage corporate debt market dev fund

State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund (CDMDF). READ MORE

2:49 PM

ALERT:: Premier Explosives Q1 net grows 6.5 times; stock hits 10% upper circuit

Premier Explosives posted a net profit of Rs 8.21 crore in Q1FY24, up 6.5 times when compared with Rs 1.26 crore in Q1FY23. Total income was up 19.2 per cent YoY at Rs 62.26 crore.

2:39 PM

ALERT:: Mastek Q1 consolidated net dips 13%; stock up 1%

Mastek today reported a 12.8 per cent decline in Q1 consolidated net at Rs 73.53 crore for the quarter ended June 2023 when compared with Rs 84.36 crore in the quarter ended June 2022. Total income rose by 22.1 per cent YoY to Rs 727.61 crore.

2:28 PM

UK inflation slows sharply, offering some relief to Bank of England

British inflation fell by more than expected in June and was at its slowest in more than a year at 7.9%, according to official data that will ease some of the pressure on the Bank of England to keep on raising interest rates sharply. READ MORE

2:21 PM

ALERT:: Delhi HC finds charges against SpiceJet Ajay Singh 'serious'

2:12 PM

ALERT:: Jubilant Pharmova reports profit of Rs 1.9 cr; stock slips over 3%

Jubilant Pharmova reported a turnaround in Q1FY24 with net profit of Rs 1.9 crore as against a net loss of Rs 5.2 crore in the corresponding quarter a year ago. Total income increased by 8.6 per cent YoY to Rs 233.30 crore.

2:03 PM

Japan has immense opportunities for Indian apparel exporters: AEPC

Speaking at the inauguration of the fair, AEPC Chairman Naren Goenka said over 180 Indian exhibitors are participating in the fair. READ MORE

1:54 PM

ALERT:: Century Textiles Q1 consolidated net plunges 116; stock marginally up

Bank of Maharashtra Q1FY24 net profit zoomed 95.2 per cen to Rs 882 crore when compared with Rs 452 crore in Q1FY23. Net interest income rose by 38.8 per cent YoY to Rs 2,340 crore.

1:44 PM

HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts

As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent. READ MORE