Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

4:03 PM

COMMENT:: Markets recoup losses, end on a neutral note

"Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note. India's wholesale inflation persisted in negative territory, albeit moderating to -1.36%, as the decline in fuel prices was counterbalanced by higher food costs. India's CPI inflation, due to be released today, is anticipated to exceed the RBI's tolerance level of 6% due to mounting pressure from elevated food prices."

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:01 PM

Adani Group shares wilt under selling pressure on change in Auditor at Adani Ports

Shares of Adani Group companies declined up to 5 per cent on the BSE in Monday’s intra-day trade after the board of Adani Ports and Special Economic Zone (SEZ) accepted the resignation of Deloitte Haskins & Sells LLP as the company's auditor. READ MORE

3:59 PM

PVR Inox surges 5% on highest-ever weekend footfalls, box-office collection

The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 - 13 weekend. READ MORE

3:58 PM

Avantel zooms 19%; hits new high as stock trades ex-split

Avantel said that the rationale behind the split is to enhance liquidity in the capital market, widen shareholder base, and make shares more affordable to small investors. READ MORE

3:56 PM

SpiceJet soars 13% intra-day after company clocks Rs 205 cr net profit for Q1FY24

The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period. READ MORE

3:54 PM

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand. READ MORE

3:52 PM

National Alumimiun slips 4% after Q1 net plunges 40%

The company's consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore. READ MORE

3:51 PM

Vedanta hits 52-week low; slips 19% in one month

Slower-than-expected ramp up in Ebitda or delayed/lower-than-expected refinancing by VRL resulting in higher-than-expected dividend outlay in FY24, could further reduce cash balance. READ MORE

3:47 PM

Market breadth negative; 2,174 shares decline v/s 1,550 stocks advancing on the BSE

3:46 PM

BSE Smallcap Heatmap:: Skipper hits 20% upper limit; Rico Auto, Universal Cables tumble over 14%

3:44 PM

BSE Midcap Heatmap:: NMDC, IRFC rally over 4%; Jindal Steel, Muthoot Finance crack 5%

3:42 PM

Broader indices end in red; India VIX jumps 4%

3:41 PM

Nifty 50 Losers:: Adani Enterprises sheds 3.5%; JSW Steel, Hindalco other major laggards

3:39 PM

Nifty 50 Gainers:: Divis Lab, Infosys, LTIMindtree top movers

3:37 PM

Sensex 30 Heatmap:: 11 Gainers v/s 19 Losers

3:36 PM

CLOSING BELL:: NSE Nifty50 adds 6 pts, settles at 19,434

3:33 PM

CLOSING BELL:: S&P BSE benchmark snaps two-day losing streak, ends 79 pts lower at 65,402

3:28 PM

Global Check:: US, UK stock futures gain up to 0.5%

Source: Investing.com

3:15 PM

ALERT:: Wockhardt Q1 net loss widens to Rs 136 cr; stock down 3%

Wockhardt Q1 consolidated net loss widened to Rs 136 crore for the quarter ended June 2023 as against a net loss of Rs 75 crore in the corresponding quarter a year ago. Total income, however, was up 0.9 per cent YoY at Rs 658 crore.

3:04 PM

SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24

The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period. READ MORE

2:57 PM

Market Check:: Sensex at day's high, up 150 pts; rallies over 650 pts from day's low

2:47 PM

Trading strategies for Adani Group stocks amid Auditor's resignation

Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure. READ MORE

2:37 PM

ALERT:: Take Solutions Q1 net loss narrows to Rs 5.32 cr; stock jumps 4%

Take Solutions Q1 consolidated net loss narrowed to Rs 5.32 crore for the quarter ended June 2023 as against a net loss of Rs 26.35 crore in the corresponding quarter a year ago. Total income dipped 71.6 per cent YoY to Rs 17.74 crore.

2:26 PM

ALERT:: July Trade deficit at $20.7 billion v/s $25.4 billion

>> Exports down 16% YoY at $32.25 billion v/s $38.34 billion 

 

>> Imports down 17% YoY at $52.92 billion v/s $63.80 billion 

Source: CNBC TV-18

2:17 PM

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand. READ MORE

2:07 PM

ALERT:: AstraZeneca Pharma Q1 net zooms 166%; stock rallies over 4%

AstraZeneca Pharma Q1 net profit zoomed 166.3 per cent to Rs 53.66 crore for the quarter ended June 2023 as against Rs 20.15 crore in the year ago period. Total income rose by 28.4 per cent YoY to Rs 303.57 crore.

1:56 PM

Market Check:: Heavyweights RIL, HUL, Infosys lead recovery; Sensex down 50 pts

1:45 PM

ALERT:: Meghmani Organics reports loss for Q1; stock slips 3%

Meghmani Organics reportd a net loss of Rs 25.29 crore for the quarter ended June 2023 as against a net profit of Rs 113.95 crore in the year ago period. Total income declined 47.8 per cent YoY to Rs 428.16 crore.

1:34 PM

ALERT:: DCW Q1 net slumps 83%; stock cracks 6%

DCW Q1 net profit tumbled 83 per cent to Rs 9.99 crore for the quarter ended June 2023 as against Rs 58.77 crore in the year ago period. Total income decreased by 42.7 per cent YoY to Rs 442.01 crore.

1:24 PM

In charts: Nifty Smallcap 250 outperforms all major indexes in July

Realty, Metals & Energy led the charge, rising 9% each. On the flip side, IT lagged with a modest 1% rise. READ MORE