Stock Market Highlights: Nifty ends week with Doji candle. What traders should do next week
08:31 PM
United Breweries Q1 Results: Kingfisher beer maker’s standalone profit slumps 16% to Rs 136 crore
Total expenses rose 1.7%, outpacing a 0.9% increase in revenue to Rs 5241 crore.
The margin on the earnings before interest and taxes contracted 95 basis points to 8%, the company said, adding that inflationary pressure is seen softening in the near term. The maker of Kingfisher beer also reported a 7.7% increase in excise duty.
08:25 PM
FIIs turn net sellers on Friday
Foreign portfolio investors were net sellers at Rs 1,023 crore on Friday. DIIs, on the other hand, bought shares worth Rs 1,634 crore.
08:20 PM
India benchmark bond yield sees biggest daily rise in a month, jumps for week
The benchmark 7.26% 2033 bond yield ended at 7.1614%, compared to its previous close of 7.1227%. The yield rose 8 basis points for the week, its biggest such move since the week ended February 10.
08:18 PM
Bank of India Q1 Results: Profit surges nearly three-fold to Rs 1,551 cr
State-owned Bank of India (BOI) on Friday reported a nearly three-fold jump in net profit to Rs 1,551 crore in the June quarter due to a decline in bad loans. The Mumbai-based lender had posted a net profit of Rs 561 crore in the year-ago period.
The total income in the first quarter of the current fiscal rose to Rs 15,821 crore as against Rs 11,124 crore in the same period a year ago, Bank of India said in a regulatory filing.
07:11 PM
US stocks rise at open after inflation data, chip stocks rally
The Dow Jones Industrial Average rose 160.77 points, or 0.46%, at the open to 35,443.49.
The S&P 500 opened higher by 28.34 points, or 0.62%, at 4,565.75, while the Nasdaq Composite gained 149.72 points, or 1.07%, to 14,199.83 at the opening bell.
07:06 PM
DCB Bank Q1 Results: PAT jumps 31% YoY to Rs 126.9 crore
07:00 PM
DCB Bank Q1 Results: PAT jumps 31% YoY to Rs 126.9 crore
05:50 PM
Nifty ends week with Doji candle. What traders should do next week
FIIs squared off long positions in Index futures as indicated by the Long-Short Ratio. The momentum indicator has a negative crossover which is a sell signal and thus the pullbacks shall be difficult to sustain.
04:59 PM
SBI Card Q1 Results: Profit drops 5% YoY to Rs 593 crore
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.
– Vinod Nair, Head of Research at Geojit Financial Services
03:55 PM
Marico Q1 Results
- PAT: Rs 436 cr vs ET NOW poll of Rs 409 cr
- Revenue: Rs 2,477 cr vs ET NOW poll of Rs 2,510 cr
03:43 PM
Piramal Ent’s board approves buyback of up to 1,40,00,000 equity shares of face value of Rs. 2 each for an aggregate amount of Rs 1,750 crore.
03:38 PM
Top gainers & losers in closing trade
03:35 PM
Closing Bell: Sensex falls for 2nd day, ends 107 pts lower, Nifty below 19,650; NTPC gains 4%, Tata Power drops 6%
02:57 PM
Greenply Q1 Results
02:36 PM
European stock markets waver at the open
London’s FTSE 100 index rose nearly 0.2 percent in the first few minutes of trading to 7,706.13 points.
The Paris CAC 40 fell 0.3 percent to 7,441.70 points despite data showing the French economy grew 0.5 percent in the second quarter, well above forecasts.
02:34 PM
Tokyo stocks close lower after BoJ decision
The benchmark Nikkei 225 index dropped 0.40 percent, or 131.93 points, to 32,759.23, while the broader Topix index ended down 0.20 percent, or 4.53 points, at 2,290.61.
During the Tokyo market’s lunch break, the Bank of Japan announced it would keep its ultra-loose monetary policy but allow “greater flexibility” for one of its policy tools, seen as a small step towards normalisation.
02:33 PM
IOC Q1 Results: Co reports profit of Rs 13,750 cr; revenue drops 12%
Revenue from operations during the quarter fell 12% year-on-year to Rs 2.21 lakh crore. The same stood at Rs 2.51 lakh crore in the previous year quarter.
02:28 PM
Advait Infratech bags order for supply of Optical Fiber Ground Wire (OPGW) worth Rs. 35.80 crore; stock surges 9%
01:29 PM
SAT sidelines SEBI’s penalty on Mukesh Ambani
01:21 PM
Motilal Oswal promoters to donate stake for charitable purposes
01:04 PM
Apar Industries Q1 Results
- Cons net profit at Rs 197 cr versus Rs 122 cr
- Cons revenue from operations at Rs 3773 cr versus Rs 3093 cr
01:01 PM
AMD to invest USD 400 million in India in 5 years
“AMD will invest USD 400 million in India in 5 years,” Mark Papermaster, EVP and CTO of AMD, said addressing SemiconIndia 2023 here.
AMD will build on its two decades of growth and successful presence in India, he said, adding that the company expects to add 3,000 additional engineers in India by 2028, as it extends R&D capabilities in the country.
12:50 PM
Gold futures gain Rs 185 to Rs 59,135/10 gms
Fresh positions built up by participants led to the rise in gold prices, analysts said.
12:45 PM
India regulator seeks curbs to limit retail investors’ derivatives risk -sources
With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile.
12:12 PM
5 best-performing real estate stocks in trade today
11:54 AM
Tokyo stocks close lower after BoJ decision
Tokyo stocks closed lower on Friday as a higher yen weighed on exporters, while investors digested the Bank of Japan’s decision to ease its grip on its super-loose monetary policy. The benchmark Nikkei 225 index dropped 0.40 percent, or 131.93 points, to 32,759.23, while the broader Topix index ended down 0.20 percent, or 4.53 points, at 2,290.61.
11:53 AM
Check out top losers on NSE at this hour
11:51 AM
Sensex Today: HDFC Bank, ICICI Bank drag Sensex 300 points lower
11:41 AM
Sensex today: Sensex gives up 66,000 mark
11:15 AM
Shyam Metalics and Energy Limited (SMEL) has posted a 43 per cent fall in consolidated net profit at Rs 235 crore in the April-June quarter of 2023-24, dragged by higher expenses. It had posted a net profit of Rs 414 crore in the corresponding period of 2022-23, the company said in a regulatory filing on Thursday.
11:14 AM
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11:05 AM
Karur Vysya Bank categorically denies that bank has not accorded any in-principle approval for sale of its stake in Canbank Computer Services
10:57 AM
ITC clarifies it won’t buy stake in hotels if BAT wants an exit after demerger
The restructuring exercise has met a long-pending demand of investors to unlock value in matured businesses but the decision to keep 40% stake with the parent entity had raised eyebrows.
If an investor owns a 10% stake in ITC, post-demerger, they shall hold a 6% stake in ITC Hotels and a 4% stake in ITC Hotels indirectly via ITC Ltd.
The world’s largest tobacco company, British American Tobacco (BAT) which owns 29% stake in ITC, would end up owning about 17.4% stake in ITC Hotels after the demerger. It is being speculated that BAT may have little interest in owning a hospitality stock in its portfolio.
10:27 AM
Wockhardt says Guardian Finance has wrongfully invoked pledge on 20,00,000 shares of co
10:09 AM
Shares of Motilal Oswal Financial Services (MOFSL) jumped nearly 9% on the NSE to their 52-week high of Rs 889.95 on Friday, following the June quarter earnings announced by the company along with a proposal for internal restructuring in the company.
10:01 AM
Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Investors have to be careful chasing small-caps which are in overvalued territory. Large-caps, even when richly valued, are safe unlike risky small-caps.
Pharma is staging a comeback and there is value-buying happening in beaten down metal stocks.
Despite a positive opening, inability to convincingly breach the upper boundary of the 19770-840 band, which we had marked down as pivotal region, led to a liquidation spree that stretched through the day, until 19620 stepped in to arrest further free fall. The swing thereof and a close near 19700 encourages us to go in today expecting positivity and get back to the 20160 trajectory. However, expect bears to dominate if unable to clear 19770 or float above 19670, but a free fall is less expected.
– Anand James, Chief Market Strategist at Geojit Financial Services
09:51 AM
Garden Reach Shipbuilders & Engineers launching an autonomous underwater vehicle
09:50 AM
GAIL (India) Ltd has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States in exchange for six other cargoes for delivery to India in 2024, two industry sources said on Friday.
09:25 AM
Rupee falls 28 paise to 82.20 against US dollar in early trade.
09:21 AM
Top movers in opening trade
09:19 AM
Stock Market updates|Opening Bell: Sensex falls 150 points, Nifty below 19,650; Motilal Oswal surges 8%, JK Lakshmi drops 4%
09:10 AM
Pre-open session: Sensex trades flat; Nifty below 19,660
Markets may edge higher in early trades Friday amid optimism in the Gift Nifty index even as US indices faltered overnight and Asian gauges displayed a mixed trend. Intra-day volatility will continue and investors would take cues from the European markets trend for further direction. Technically, the make-or-break support for Nifty is seen at the 19561 mark, while confirmation of strength only above the 19887 mark
– Prashanth Tapse, Senior VP (Research), Mehta Equities
07:28 AM
Asian stocks slip, yen surges on speculation of Bank of Japan policy tweak
Asian stocks were off five-month highs and the yen extended a sharp rally on Friday with speculation that the Bank of Japan could take another small step toward dismantling its super-easy stimulus policies.
07:26 AM
Stock markets Live Updates: Quarterly earnings today
IOC, SBI Card, Marico, Mahindra Finance among others will announce their first quarter results today.
07:26 AM
Share Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded 30 points, or 0.15 per cent, higher at 19,794, signaling that Dalal Street was headed for positive start on Friday.
07:26 AM
Tech View: Nifty charts hint at more trouble ahead
By ending 118 points lower at 19,659.90 amid monthly F&O settlement, Nifty today formed a lower top and bearish candle which is indicating further correction from current levels.Nifty closed below the immediate support of 10-day EMA at 19680, after sustaining above it for 21 consecutive sessions. “Further weakness from here, the market could slide down to its crucial lower support of 20-day EMA around 19500 levels. This moving average has been offering support for the Nifty for the past three months,” said Nagaraj Shetti of HDFC Securities.
07:26 AM
Stock Markets Live Updates: Tokyo stocks open lower with eyes on Bank of Japan
Tokyo stocks opened lower Friday as investors were disheartened by falls on Wall Street and a stronger yen, while they also awaited a Bank of Japan policy decision.The benchmark Nikkei 225 index was down 1.44 percent, or 474.33 points, at 32,416.83 in early trade, while the broader Topix index dropped 1.16 percent, or 26.73 points, to 2,268.41.
07:25 AM
Wall Street closes down, Dow snaps longest winning streak since 1987
US stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping the longest winning streak for the Dow since 1987.
07:25 AM
Rupee rises 9 paise against US dollar
The rupee gained 9 paise to close at 81.92 against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market after the US Fed raised interest rates on expected lines.
07:25 AM
Share Markets Live Updates: Oil prices open lower on demand concerns, remain on track for weekly gain
Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data.Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase.
07:25 AM
Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex declined 440 points or 0.66% to settle at 66,267. The broader NSE Nifty dropped 0.60% to end below the 19,700 level.
07:24 AM
