Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%

Stock market updates: Extending their winning run, benchmark indices settled at fresh closing peaks on Thursday, amid buying in FMCG and IT stocks, and supported by firm global trends.

The BSE barometer of 30-shares ended at 54,493 levels, up 123 per cent or 0.23 per cent, while the NSE's Nifty50 index closed at 16,295-mark, up 36 points or 0.22 per cent. Earlier today, the Sensex and the Nifty claimed new lifetime high of 54,717 and 16,349, respectively. 

The broader markets, meanwhile, ended mixed. The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent.

4:10 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index managed to close a day on a positive note at 16295 with minimal gains and formed dragon fly Doji candle pattern on the daily chart which represents indecision in the markets.  Going forward 16300 will be very quick resistance if managed to sustain above 16300 zone we may see the index to march towards 16400 zone quickly but if fails to manage then some profit booking may be seen towards 16200-16100 zone which are immediate supports on downside & overall support is placed at 16k mark nay dip near 16k mark will be good buying opportunity.

4:09 PM

Be cautious on mid & smallcaps: Vinod Nair, Head of Research at Geojit Financial Services

Despite witnessing consolidation in the opening session, large caps managed to continue trading at record high levels with the support from IT, Metal and FMCG stocks. Banking stocks continued to be under pressure ahead of the RBI’s policy announcement. Importantly, the broad market has started to underperform. Investors should be cautious in the short-term regarding the performance of mid & small caps after the thrilling rally during the year.

4:08 PM

MARKET CLOSING COMMENT :: Deepak Jasani, Head of Retail Research, HDFC Securities

Indian benchmark indices closed mildly higher on Aug 05 for the third consecutive day amidst mixed global cues and profit taking in broader markets. Nifty opened mildly higher, fell in the first 20 minutes of trade, recovered ground and went into positive territory and later gave up some ground to close almost at the opening levels. At close the Nifty was up 0.22% or 35.8 points to close at 16294.6.

 

Volumes were in line with recent averages as focus shifted to telecom and metal stocks, the two main gainers while Realty and Bank indices fell the most.

 

Asian shares mostly held onto this week's gains on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve. European stocks were flat to slightly higher on Thursday as investors digested a slew of mixed earnings updates and awaited a key monetary policy update from the Bank of England for direction.

 

Nifty made a classic doji after a rise on Aug 05, suggesting indecision at higher levels. Either one or  two up gaps made in the course of journey from 15885 may come in for filling over the next few sessions. Advance decline ratio was very bad in the morning session, but improved a bit towards the end to look better than the previous day, though very much in the negative. 16176-16349 could be the trading band for the Nifty in the next 1-2 sessions. 

 

4:07 PM

Airtel surges 4%, hits 6-month high in intra-day

4:03 PM

Result Reaction :: Hikal hits new high, ends 12% higher

>> Q1FY22 PAT at Rs 50.5 crore versus Rs 15 crore

>> Q1FY22 Revenue at Rs 454.50 crore versus Rs 347 crore

4:00 PM

Earnings Impact GAIL India ends flat even as profit soars over 200%

- Cons revenue at Rs 17,588 cr vs Rs 12,183 cr YoY

- Cons PAT at Rs 2,157 cr vs Rs 643 cr YoY

- Cons ÈBITDA at Rs 2,638.6 cr vs Rs 446 cr YoY

- Cons margin at 15% vs 3.6% YoY

 

3:58 PM

Vodafone recoups all losses, ends in the green

3:56 PM

Advance-decline ratio in favour of sellers

3:47 PM

India VIX eases over 2%

>> India VIX or the volatility indicator declined 2.57 per cent to 12.87

3:45 PM

BSE Smallcap index underperforms Sensex, down over 0.43%

3:42 PM

Sector Watch :: Barring Metals, IT & FMCG all sectoral indices on NSE end in red

3:40 PM

Sensex Heatmap | Top gainers & losers at close

>> Top gainers - Airtel, ITC, Tech Mahindra

>> Top losers: SBI, IndusInd Bank, ICICI Bank

3:34 PM

CLOSING BELL :: Benchmark indices off day's high but log fresh record close

The BSE barometer Sensex and NSE Nifty after scaling new highs in intra-day session witnessed profit taking in the last hour of trade and ended off day's high. Sensex closed the day at 54,493, up 123 points or 0.23 per cent. Nifty50, meanwhile, settled at record close of 16,294.60, up 36 points or 0.22 per cent. Sensex had touched an all-time high of 54,717.24 in trade today and Nifty at 16,349.45.

 

3:20 PM

Low provisions, stable NII: Here's what may drive Bank of Baroda's Q1 PAT

Healthy operating profit, steady interest income, and some recoveries from stressed accounts, along with fewer provisions, may help Bank of Baroda report profit in the June quarter of FY22 (Q1FY22). However, the bottom line growth may be capped by higher slippages, say analysts.

 

The state-owned lender, which had reported net loss of Rs 864 crore in Q1FY21 and Rs 1,046.5 crore in Q4FY21, is expected to report up to Rs 1,633.3 crore-net profit on Saturday, August 7, for the quarter under review. READ MORE

3:15 PM

June Quarter Results :: Adani Transmission

>> PAT: Rs 435.4 crore

>> Revenue: Rs 2,829.7 crore

>> Ebitda: Rs 1,406 crore

>> Ebitda margin: 49.69%