Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

4:06 PM

COMMENT:: IT sector in focus on improvement in the US market outlook

"The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield is supporting liquidity in emerging markets. While disappointing economic growth in China and improvement in the US market outlook are drawing attention to the Indian market with the IT sector as the contra bet."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:03 PM

Infosys surges nearly 4% on inking a 5-year AI deal with $2 bn target spend

Infosys was trading at its highest level since March 2023. In the past four trading days, the stock has rallied 11 per cent after sector major TCS and HCL Tech released their Q1FY24 results. READ MORE

4:01 PM

Sheela Foam gains 4% on acquiring controlling stake in Kurlon

Sheela Foam has acquired a controlling stake of 94.66 per cent in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore. READ MORE

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3:59 PM

Analysts bullish on HDFC Bank's long-term growth; see up to 28% upside

Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned. READ MORE

3:57 PM

Sarda Energy hits new high, soars 9% on fixing record date for stock split

Since May 27, the day the Board approved the stock split decision, the stock price of the company has appreciated by 47 per cent. READ MORE

3:56 PM

Amara Raja Batteries tumbles 6% after almost 18% equity change hands via block deal

According to media reports, Clarios ARBL Holding was to sell its entire 14 per cent stake in the company though bulk-block deal mechanisms on stock exchanges at a floor price of Rs 651 per share. READ MORE

3:54 PM

This Vijay Kedia-owned stock has zoomed over 70% in 3 days

Panasonic Energy India Company hit a near eight-year high at Rs 428, on rallying 20 per cent amid heavy volumes on the BSE. READ MORE

3:52 PM

Market Breadth was negative; More than 2,000 stocks declined as against 1,400-odd advancing share on the BSE

3:49 PM

Nifty PSU Bank index slips 1.2%; IOB sheds 3%, Bank of Baroda 2%

3:47 PM

BSE Smallcap Heatmap:: Ganesh Housing, Datamatics, Dreamfolks zoom up to 15%; Angel ONE tanks 8%

3:45 PM

BSE Midcap Heatmap:: Polycab vaults 5%; Glenmark, Aurobindo Pharma also shine; Zee Entertainment slips 2%

3:42 PM

Broader indices underperform; India VIX rises 3.5%

3:39 PM

Nifty 50 Losers:: LTI Mindtree dips 2.6%; HDFC Life, SBI, Britannia other top laggards

3:37 PM

Nifty 50 Gainers:: Infy outruns peers by wide margin, up nearly 4%

3:36 PM

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

3:34 PM

CLOSING BELL:: NSE Nifty50 ends 38 pts higher at 19,749

3:33 PM

CLOSING BELL:: S&P BSE benchmark hits fresh high at 67,007; settles at 66,795, up 205 points

3:23 PM

Global Check:: US, UK stock futures flat in trades so far

Source: Investing.com

3:15 PM

Electric two-wheeler sales rebound as impact of FAME-II subsidy cut eases

According To Data From The VAHAN Portal Of The Ministry Of Road Transport And Highways (MoRTH), The Average Daily Sales Of E2Ws Surged From 1,531 Units Per Day In June To 1,702 Units In July Until The 17th. READ MORE

3:04 PM

RBI continues dollar-buying spree, accumulates $16 billion since Feb

The Reserve Bank of India (RBI) acquired $16 billion from the spot market between February and May this year, becoming a net buyer of US dollars in the period. READ MORE

2:55 PM

Softbank sells another 2% stake in Paytm, total holding now below 10%

Earlier in May, Softbank had sold another 2.07 per cent of its stake in Paytm through a series of open market operations starting February. READ MORE

2:47 PM

India's gems, jewellery exports may fall 10-15% this fiscal: GJEPC

The gems and jewellery exports grew 2.48 per cent year-on-year to Rs 3,00,462.52 crore (over USD 36 billion) in FY23, according to the Gems and Jewellery Export Promotion Council (GJEPC). READ MORE

2:39 PM

ALERT:: HeidelbergCement Q1 net flat at Rs 52.32 cr%; stock down 1%

HeidelbergCement India Q1 net profit rose marginally to Rs 52.32 crore for the quarter ended June 2023 when compared with Rs 51.61 crore in the quarter ended June 2022. Total income was up 1.5 per cent from Rs 600.10 crore to Rs 609.02 crore.

2:28 PM

ALERT:: Polycab India Q1 net zooms 81%; stock rallies 4%

Polycab India today reported a 81 per cent growth in Q1 consolidated net at Rs 402.81 crore for the quarter ended June 2023 when compared with Rs 222.55 crore in the quarter ended June 2022. Total income increased by 42.2 per cent from Rs 2,780.90 crore to Rs 3,953.38 crore.

2:18 PM

ALERT:: Suraj Products Q1 net rises 33%; stock hits 5% upper limit

Suraj Products posted a 33.4 per cent growth in Q1FY24 net profit at Rs 8.39 crore as against Rs 6.29 crore in Q1FY23. Total income surged 48.4 per cent YoY to Rs 111.40 crore.

2:08 PM

Infosys signs 5-year AI deal worth nearly $2 bn with existing client

In May, Infosys launched Topaz, a comprehensive suite of services, solutions, and platforms that harness the power of generative AI technologies. READ MORE

1:57 PM

ALERT:: SAT stays Sebi order restraining Magnum Ventures from accessing capital market

Securities Appellate Tribunal (SAT) directed the company to deposit the penalty amount of Rs 12 lakh, which shall be subject to the result of the appeal. Meanwhile, the SEBI order restraining the company from accessing the securities market shall remain stayed; the company said in an exchange filing.

1:46 PM

ALERT:: ICICI Prudential Life Q1 net up 33%; stock slips 1%

1:36 PM

ALERT:: Bharat Bijlee Q1 net jumps 55%; stock dips 4%

Bharat Bijlee today reported a net profit of Rs 25.33 crore for Q1FY24, up 55.1 per cent when compared with a profit of Rs 16.33 crore in Q1FY23. Total income also surged 58.8 per cent YoY to Rs 451.12 crore.

1:25 PM

Asian Market Update:: Hang Seng down 2%; Nikkei, Sensex buck trend

Source: Yahoo Finance