Apart from trade destocking in India, another key reason for a drop reported in consumer health care CER growth in the quarter was divestment of its beverage business in Nigeria
Anand James, Chief Market Strategist, Geojit Financial Services said: Value buying was visible after recent falls rendered prices cheaper, and the positive Asian markets gave further encouragement. But we believe, markets may be a bit circumspect about any more abrupt SEBI measures that may cull liquidity. With WPI breaking downtrend, RBI’s minutes on Wednesday could give us better insight on rate cut expectation.
3:46 PM
Earnings Impact
Avanti Feeds soared 20% to Rs 1,974, also its record high on BSE in intra-day trade, after the company reported stellar Q1 performance. The company’s consolidated net profit soared 204% year-on-year (Y-o-Y) to Rs 149 crore for the quarter ended June 30, 2017 (Q1FY18). It had reported a net profit of Rs 49.03 crore in the corresponding quarter last year.
3:43 PM
Shares of drug major Cipla ended 5% higher after the company reported 23.63% rise in consolidated net profit o Rs424.92 cror for the first quarter ended 30 June.
The company had posted a net profit of Rs343.70 crore for the corresponding period of the previous fiscal, Cipla said in a BSE filing.\
3:41 PM
Nifty Realty was the biggest sectoral gainers, up ver 5% for the day led by DLF, HDIL, Unitech and Phoenix.
DLF surged over 17% after the company said on Saturday that it was in the final stages of talks for a transaction involving its rental unit arm.
DLF had previously said it was in talks with Singapore sovereign wealth fund GIC to sell a 40% stake in its property rental unit.
3:39 PM
Broader Markets
Broader markets outperformed the benchmark indices with BSE Midcap and BSE smallcap up 2% each
3:38 PM
Global Check
World stocks rose on Monday, attempting to recover after fears of a US-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.
European shares bounced after falling nearly 3% last week, with the pan-European STOXX 600 up 0.7% following on from a 0.9% jump in MSCI's index of Asia-Pacific shares outside Japan.
Those gains were led by bounces in Australia, Hong Kong and South Korea while MSCI's world index rose 0.2%.
3:37 PM
Nifty IT index lost 0.5% and was the biggest sectoral loswr for the day. HCL Tech, TCS, Wipro were the biggest laggards on the index
Source: NSE
3:34 PM
Top gainers and losers on BSE Sensex
Source: BSE
3:32 PM
Benchmark indices rebounded, to end over 0.5% higher on Monday, snapping a five-day losing run after weak US inflation data dampened prospects of a rate hike this year, lifting sentiment across global markets.
Back home, investors reacted to July Wholesale Price Index (WPI)-based inflation data, which surged to 1.8% from 0.9% reported in June. Consumer Price Index (CPI)-based inflation data will be released later in the day.
The S&P BSE Sensex ended at 31,449, up 235 points while the broader Nifty50 index settled at 9,794, up 83 points.
3:21 PM
Earnings Impact
Tata Power gained 4% after the company's first-quarter profit more than doubled, helped by higher income from its core power generation business.
Profit came in at Rs 164 crore in the quarter ended June 30, compared with a profit of Rs 72.49 crore a year earlier.
3:12 PM
RCom rallies
Reliance Communications (RCOM) rallied 19% to Rs 24.65 on BSE in intra-day trade on the back of heavy volumes.
The trading volumes on the counter more than doubled with a combined 41.03 million shares, representing 1.6% of total equity of RCOM, changing hands on BSE and NSE so far.
Thus far in the calendar year 2017, the stock underperformed the market by falling 29% as compared to 17% rise in the S&P BSE Sensex till Friday, August 11, 2017.
3:07 PM
Oil check
Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising US shale output suggested supplies would likely remain high.
Brent crude futures, the international benchmark for oil prices, were at $51.92 per barrel at 0652 GMT, down 18 cents, or 0.4%, from their last close.
2:52 PM
Banks advance
Banks were among the top gainers, with the Nifty Bank index up 0.7% after losing 3.4% last week.
Housing Development Financial Corp and HDFC Bank advanced 2.6% and 1.1%, respectively, and were among the leading gainers.
2:31 PM
Earnings impact
State-run lender IDBI Bank fell after it posted a third straight quarterly loss on lower interest income and higher bad loans.
Net loss was Rs 853 crore in the three months ending June 30, compared with a profit of Rs 241 crore a year earlier, the Mumbai-based bank said on Monday. bit.ly/2uBF3DR
IDBI Bank had posted a loss of nearly Rs 3200 crore in the March quarter this year.
IDBI Bank
2:14 PM
Broader Markets
Broader markets outperformed the benchmark indices with BSE Midcap and BSE smallcap rising over 2% each
Benchmark indices rebounded, to end over 0.5% higher on Monday, snapping a five-day losing run after weak US inflation data dampened prospects of a rate hike this year, lifting sentiment across global markets.
Back home, investors reacted to July Wholesale Price Index (WPI)-based inflation data, which surged to 1.8% from 0.9% reported in June. Consumer Price Index (CPI)-based inflation data will be released later in the day.
Meanwhile, figures for the Index of Industrial Production (IIP), released by the government on Friday, showed national factory output contracting by 0.1%, a 48-month low, as compared to the 2.7% rise seen in the previous month of May.
Meanwhile, Asian stocks bounced back after three losing sessions, although broader sentiment was tempered by continued tensions between the United States and North Korea. The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7%.
 "Nifty rebounds but fails to end above 9,800; broader markets shine, up 2%")
