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