Sensex Today: Stock Market Highlights: Price, momentum indicators hint at weakness. What traders should do on Tuesday
06:09 PM
TATA STEEL Q1 RESULTS
- PAT: Rs 634 crore vs ET NOW poll of Rs 7,765 crore, down 91.8% YoY
- Revenue: Rs 59,490 crore vs ET NOW poll of Rs 63,430 crore
05:33 PM
Indian ministry orders probe into Eros International’s accounts -sources
The ministry ordered the probe after it was “satisfied” that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.
Eros International Media is a distributor and producer of movies and owns popular OTT streaming platform Eros Now.
05:31 PM
India markets regulator to consider permitting delisting via fixed price
The Securities and Exchange Board of India will issue a discussion paper on the subject by December, the regulator said.
In the reverse book-building process to delist a company from stock exchanges, shareholders place offers for the price at which they are willing to sell securities back to the promoters, or large shareholders who can influence company policy.
05:13 PM
Sebi working on instant settlement of stock market transactions: Buch
She said the regulator is working with stakeholders to improve the timelines on transaction settlement towards this goal.
The regulator has been working on upping the pace of new equity issuances, debt issuances, approvals for mutual fund schemes using technology and other interventions with the aim of helping capital formation in the economy, she said.
05:13 PM
Indian bond yields steady as key US Fed policy decision awaited
The benchmark 7.26% 2033 bond yield ended at 7.0719%, after closing the previous session at 7.0784%.
“Market has priced in one hike from the Fed this week but all eyes are now on Chair Jerome Powell’s commentary around inflation and further hikes,” said Shrisha Acharya, a fixed income trader at DCB Bank.
05:12 PM
NMDC says additional charge of chairman and MD assigned to Amitava Mukherjee extended for further period
04:15 PM
Laxmi Organic Industries says unit commissioned 1st phase of manufacturing facility at G-60, Midc, Lote Parshuram, Maharashtra.
As expectations are getting reset in sync with the first quarter earnings that are underway, we witnessed profit booking post earnings and news flows today in heavy weights as well as financials. Investors need to be mindful of cuts in stock prices if eventual outcomes on earnings fail to match up with expectations. The PSE Index however exhibited keen interest from participants as several of its constituents rose on the back of likely inclusion in the MSCI as well as new clean energy orders.
– S Ranganathan, Head of Research at LKP securities
03:35 PM
Top gainers & losers in closing trade
03:33 PM
Closing Bell: Sensex falls for 2nd day, ends 299 pts lower; Nifty below 19,700; United Spirits plunges 6%, IndusInd rises 2%
03:24 PM
SRF Q1 Results: PAT falls to Rs 359.3 crore vs Rs 608 crore YoY
03:22 PM
PNB Housing Q1 Results: Net profit rises 48% YoY to Rs 347 crore on strong housing demand
Mortgage lender PNB Housing Finance on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality.
PNB Housing, a unit of state-run lender Punjab National Bank, said its consolidated net profit after tax stood at Rs 347 crore for the quarter ended June 30, compared with Rs 235 crore a year earlier.
03:16 PM
BASF India Q1 Results: Net profit falls 43% to Rs 113 crore on sluggish demand, high input costs
The company has reported a fall in profit for four quarters in a row, with a constant increase in cost of materials consumed.
Weakness in demand due to inventory destocking and China’s reopening has resulted in high channel inventory, and is likely to add to the pressure on chemical makers including BASF India in the first half of fiscal 2024, according to B&K Securities.
The large capex program undertaken by most chemical companies may act as a dampener to operating profit, adding to the strain on the balance sheet and offset the impact of lower input costs, according to analysts. Concerns of recession in European markets as well as the closure of TDI (toluene diisocyanate) plant also hurt sales.
03:03 PM
Craftsman Automation announces its Q1FY24 result; here are the numbers
02:48 PM
HDFC AMC Q1 Results: PAT at Rs 478 cr vs Rs 376 crore; up 27% QoQ
02:43 PM
Jammu and Kashmir Bank Q1 Results: Net profit nearly doubles to Rs 326 cr
Jammu and Kashmir Bank on Monday reported a 96 per cent jump in net profit at Rs 326 crore in the June quarter, aided by decline in bad loans. The Srinagar-based lender had posted a net profit of Rs 166 crore in the year-ago period. The Union Territory of Jammu and Kashmir holds 63.41% stake in the bank.
02:18 PM
ITC Hotel Business Demerger | Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the Company’s shareholders proportionate to their shareholding in the Company.
02:09 PM
Sealmatic India gets order for high precision and fully split seals for metal volute pumps for a lift irrigation project in Telangana
01:57 PM
Poonawala Fincorp Q1 Results
- Highest ever quarterly PAT at Rs 200 crore for Q1FY24, up 62% YoY and 11% QoQ.
- Net Interest Margin (NIM) for Q1FY24 was at 11.4%, an improvement of 108 bps YoY and 12 bps QoQ.
- Highest ever quarterly Disbursements at ₹ 7,063 crore, up 143% YoY and 11% QoQ
- Assets Under Management (AUM) at ₹ 17,776 crore, up 41% YoY and 10% QoQ.
01:34 PM
Click this to join the ET Markets Telegram Channel and get all stock market news, investment tips and stock recommendations in one place.
01:20 PM
Nifty PSU Bank hits 12-year high
01:18 PM
Samvardhana Motherson International (SMIL) said on Monday it acquired Germany’s Dr. Schneider Group through an insolvency process for 118.3 million euros ($131.6 million).
01:10 PM
Kalyani Steels Q1 Results
01:03 PM
Tata Consultancy Services says JV OF AIB, Great-West Lifeco entered into 10-year partnership with co
01:02 PM
Nifty PSU Bank rally over 1%; only one constituent in the red
01:00 PM
Canara Bank Q1 Results
- Profit at Rs 3535 cr vs Rs 2022 cr YoY
- Gross NPA at 5.15% vs 5.35% QoQ
- Net NPA 1.57% vs 1.73% QoQ
- Provisions at Rs 2719 cr vs Rs 3690 cr YoY
12:58 PM
Rane Brake Lining Q1 Results
12:54 PM
European stock markets drop at open
In the eurozone, Frankfurt’s DAX index lost 0.3 percent to 16,122.77 points and the Paris CAC 40 shed 0.4 percent to 7,405.45. Madrid’s IBEX 35 index slid 1.5 percent to 9,429.80 points.
12:50 PM
IT software stocks rise up to 2%
12:38 PM
Crypto Price Today: Bitcoin slips below $29,800; Tron, XRP decline up to 3%
Bitcoin (BTC) declined 0.42% to $29,793, whereas Ethereum (ETH) was below the 1,900 level. BTC volume in the last 24 hours stood at approximately $10 billion, rising 22.28% in the last 24 hours.
“Bitcoin continues to trade below the $30000 mark at around $29780. The price of Bitcoin did not rise about $30000 over the weekend. This recent price decline could be because of the US SEC chair expressing disappointment with the defeat over XRP’s case and increasing selling pressure,” Edul Patel, Co-founder and CEO at Mudrex, said.
“There could be little volatility this week as FOMC’s decision on interest-rate policy is due on Wednesday,” Edul added.
12:29 PM
Lupin Digital Health and The American College of Cardiology announce collaboration to revolutionize in-home cardiovascular care in India with digital therapeutics
12:27 PM
RITES bags order worth Rs 500 crore from Mozambique; stock surges 7%
11:45 AM
Tokyo stocks end higher
Tokyo stocks ended higher on Monday after a mixed close on Wall Street, with investors shifting their focus to central bank meetings this week. The benchmark Nikkei 225 index was up 1.23 percent, or 396.69 points, to end at 32,700.94, while the broader Topix index added 0.84 percent, or 18.98 points, to 2,281.18.
11:34 AM
Paisalo Digital Q1 PAT rises | Net PAT at Rs 38.41 crore vs profit at Rs 20.87 crore YoY ; Interest income at Rs 122 crore vs Rs 111 crore YoY
11:19 AM
Shares of Aarti Drugs rallied over 19% to Rs 609 in Monday’s trade on BSE after the firm’s consolidated net profit jumped 38% to Rs 48 crore for the first quarter ended June. It was Rs 34.8 crore in the year-ago period.
11:18 AM
Tata Steel Q1 Results Preview
11:07 AM
Wonderla Holidays appoints Dheeran Choudhary as Chief Operating Officer (COO) with effect from July 24, 2023
10:37 AM
Sensex Today: NBFC stocks rally up to 10% in today’s trade
10:12 AM
EARNINGS IMPACT | Motherson Sumi Wirings 80.5 lakh shares change hands
09:46 AM
Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company – Jio Infocom and Reliance Retail – which are doing well and shows promise of improving, going forward. ICICI Bank has delivered the best results in the banking universe with 40% growth in net profit and impressive loan growth. Kotak Bank, too, has done well. But since the NIMs are likely to remain under pressure, no big spurt in earnings growth can be expected, in the coming quarters. So, while these stocks will remain strong and resilient, a sustained rally appears difficult.
The Fed is likely to raise rate by 25 bp on Wednesday, but the market movement will be decided by the commentary of the Fed chief regarding future inflation and rate trends. Investors may wait and watch these events unfold.
09:34 AM
SJVN surges over 10% after the firm signed a deal with REC worth 500 billion rupees for setting up new power generating stations.
09:26 AM
EARNINGS IMPACT | Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost.
09:26 AM
EARNINGS IMPACT | Ramkrishna Forgings Ltd on Sunday reported a 63 per cent jump in its net profit at Rs 76.97 crore during the June quarter, on account of higher income. It had clocked Rs 47.26 crore net profit in the April June period of the preceding 2022-23 fiscal, Ramkrishna Forgings said in a statement.
09:25 AM
EARNINGS IMPACT | IT services company Mphasis has reported 1.4 per cent decline in net profit for June quarter to Rs 396 crore, according to a BSE filing. Net profit stood at Rs 401 crore in the year-ago period (Q1FY23).
09:25 AM
EARNINGS IMPACT | HDFC Life on Friday reported 15 per cent increase in net profit at Rs 415 crore for first quarter of the current fiscal year. The company had reported Rs 361 crore profit in April-June 2022-23.
09:25 AM
EARNINGS IMPACT | Realty major DLF’s consolidated net profit rose 12 per cent to Rs 527 crore in the first quarter of this fiscal. The company’s net profit stood at Rs 469.57 crore in the year-ago period.
09:24 AM
EARNINGS IMPACT | Private lender ICICI Bank on Saturday reported a 40 per cent rise in standalone net profit to Rs 9,648 crore for the June 2023 quarter, helped by a decline in bad loans and an improvement in interest income. The Mumbai-based private sector lender had posted a net profit of Rs 6,905 crore on a standalone basis in the year-ago period.
Though Friday saw a close below VWAP, we are inclined to attach more importance to how the 10D SMA stepped in to arrest the sharp falls. This encourages us to expect Nifty recouping all of Friday’s loss and aim for 20160. Alternatively, inability to float above 19770-840 region, or a direct fall past 19700 could be taken as signal towards more weakness, with first objective at 19460. An outright collapse is less expected though.
– Anand James, Chief Market Strategist at Geojit Financial Services.
09:21 AM
Rupee falls 2 paise to 82.00 against US dollar in early trade.
09:17 AM
Sensex Today: Opening Bell: Sensex sheds 50 points, Nifty below 19,750; RIL, Kotak Bank drop 2% each
09:09 AM
Sensex Today: Pre-open session: Sensex down 50 points; Nifty below 19,750
After last Friday’s rout, markets may feel the pinch and extend fall in early trades Monday amid weakness in the Gift Nifty index. With US Nasdaq retreating further on Friday, technology stocks in the domestic market could mirror the trend, especially after the disappointing revenue guidance from Infosys last week. The RIL counter would be in focus today after the company’s GDRs plunged 6% in London trading post its Q1 results on Friday. Markets may witness sharp intraday sideways movement in next few sessions ahead of the US FOMC meeting outcome on Wednesday, as investors would be closely watching US Fed’s forward looking statement on interest rate movement for the rest of the year. On the technical front, hurdles for Nifty are now at 20000 mark on closing basis, while support is placed at 19561.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
07:28 AM
Stock Markets Live Updates: Asia shares on tenterhooks for Fed, ECB and BOJ
Asian shares marked time on Monday ahead of an action packed week of earnings and central bank meetings that will likely see higher rates in Europe and the United States, and possibly the end of the tightening cycle in both.
07:27 AM
Markets Live Updates: Quarterly earnings today
Tata Steel, TVS Motor, IDBI Bank, Canara Bank among others will announce their first quarter results today.
07:27 AM
Share Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded 37.5 points, or 0.19 per cent, lower at 19,729, signaling that Dalal Street was headed for negative start on Monday.
07:27 AM
Tech View: Nifty support shifts to 19,700
Nifty ended 234 points lower at 19,745 and formed a small red candle with an upper shadow on the daily chart but it cannot yet be called a downward reversal pattern. On the weekly chart, the index formed a shooting star candle type of formation.
07:26 AM
Stock Markets Live Updates: Tokyo stocks open higher
Tokyo stocks opened higher on Monday after a mixed close on Wall Street, with investors shifting their focus to central bank meetings this week. The benchmark Nikkei 225 index was up 0.85 percent, or 274.06 points, at 32,578.31 in early trade, while the broader Topix index added 0.56 percent, or 12.69 points, to 2,275.00.
07:26 AM
US stocks end mixed; Dow up for tenth straight day
U.S. stocks ended mixed on Friday, with the Dow Jones Industrial Average rising marginally to notch its 10th straight day of advances, its longest rally in almost six years.
07:26 AM
Rupee falls 5 against US dollar
The rupee depreciated 5 paise to close at 81.98 against the US dollar on Friday, weighed down by a rebound in the American currency and firm crude oil prices in global markets.
07:25 AM
Share Markets Live Updates: Oil rally takes a breather ahead of Fed, ECB rate hikes
Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel.
