MARKET: Sensex slips 422 pts amid a sell-off in RIL; Nifty ends at 11,203
All that happened in the markets today
 "stocks, shares, market, sensex, nifty, BSE, INVESTORS, BROKERS")
Volatility index, India VIX, rose nearly 2 per cent to 24.09 levels.
The domestic stock market ended Wednesday's highly volatile session in the negative territory as investors booked profit in the recent outperformers such as Reliance Industries (RIL), and information technology (IT) counters.
The S&P BSE Sensex ended 422 points or over 1 per cent lower at 38,071 levels with RIL (down nearly 4 per cent) being the top loser, and IndusInd Bank (up 4.5 per cent) the biggest gainer.
Further, RIL was also the major contributor to the Sensex's loss, followed by HDFC Bank, TCS, Infosys, and HDFC.
NSE's Nifty settled at 11,203, down 98 points or 0.86 per cent. Volatility index, India VIX, rose nearly 2 per cent to 24.09 levels.
The sectoral trends on the NSE remained mixed. Nifty Pharma advanced the most - up over 3 per cent to 10,441 levels while Nifty PSU Bank index gained over 1.5 per cent to 1,419 points. Nifty Auto, on the other hand, fell over 1 per cent 7,330 levels.
In the broader market, the S&P BSE MidCap index ended at 13,763 levels, up 0.68 per cent while the S&P BSE SmallCap gained over 0.4 per cent to 12,972 points.
BUZZING STOCKS
Shares of auto major, Maruti Suzuki India (MSIL), ended 1.6 per cent lower at Rs 6,185.60 apiece on the BSE after the company reported a consolidated loss of Rs 268.3 crore for the June quarter of FY21 (Q1FY21) as compared to profit of Rs 1,376.8 crore reported in the corresponding quarter last year. READ MORE
Shares of auto major, Maruti Suzuki India (MSIL), ended 1.6 per cent lower at Rs 6,185.60 apiece on the BSE after the company reported a consolidated loss of Rs 268.3 crore for the June quarter of FY21 (Q1FY21) as compared to profit of Rs 1,376.8 crore reported in the corresponding quarter last year. READ MORE
Shares of Dr Reddy’s Laboratories hit a record high of Rs 4,334 on the BSE after the company reported a better-than-expected net profit of Rs 579 crore in April-June quarter (Q1FY21), on the back of strong revenue growth. The stock ended at Rs 4,300, up over 6 per cent.
Tata Coffee ended over 12 per cent higher at Rs 93 on the BSE after the company reported robust performance for the April-June (Q1FY21) quarter. The Tata Group company's consolidated net profit increased by 77 per cent to Rs 62 crore on the back of strong volumes growth, as against Rs 35 crore profit clocked in the previous year quarter. READ MORE
Shares of Nestle India ended 3 per cent lower on the BSE on Wednesday after the fast-moving consumer goods (FMCG) major announced its June quarter numbers for the fiscal year 2020-21. For the quarter under review, Nestlé India on Tuesday reported an 11.14 per cent increase in net profit at Rs 486.60 crore for the quarter ended June 2020, helped by an increase in sales. READ MORE
Global markets
European shares edged up slightly on Wednesday after mixed earnings reports, but a resurgence of Covid-19 cases kept investors cautious while they waited to hear from the US Federal Reserve.
In Asia, Japan’s Nikkei fell on a rising yen and weak start to the earnings season. But the MSCI world equity index, which tracks shares in 49 countries, was up around 0.1 per cent and mixed corporate earnings saw MSCI’s main European Index rise around 0.3 per cent.
In commodities, oil prices climbed after a surprise drop in US crude inventories was enough to offset concerns about US fuel demand amid record increases in Covi-19 infections in some states.
(With inputs from Reuters)
3:44 PM
SECTOR WATCH:: Nifty Pharma rallies over 3%
3:43 PM
MARKET AT CLOSE:: Losers and gainers on the S&P BSE Sensex
3:36 PM![]()
CLOSING BELL
The S&P BSE Sensex slipped 422 points or over 1 per cent to settle at 38,071 while NSE's Nifty ended at 11,203, down 98 points or 0.86 per cent.
3:23 PM
MARKET CHECK:: Top 5 losers on the BSE at this hour
3:12 PM
BUZZING STOCK:: IndusInd Bank gains over 5%
3:05 PM![]()
NEWS ALERT :: Kiran Koteshwar resigns as SpiceJet's CFO w.e.f September 1, 2020
(Via BSE filing)
3:04 PM
March Quarter Result :: SpiceJet reports standalone net loss of Rs 807 crore
>> Total revenue from operations at Rs 2,863.85 crore
3:01 PM
INDEX LOSER:: RIL tumbles 4%
2:50 PM
MARKET CHECK:: Sensex extends fall
2:42 PM
MARKET CHECK
2:41 PM
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Market is opening up gradually, Q2 looks much better: TVS Motor Chairman
Sales drop will be one of the biggest in the Indian industry, be it automotive or engineering manufacturing industry, said Srinivasan.
However, he said that the market is opening up gradually after the lockdown. He expects the market to overcome the supply chain problem during the second quarter of the year. READ MORE
2:35 PM![]()
Maruti Suzuki reports consolidated loss of Rs 268.3 crore for June quarter
Auto major Maruti Suzuki on Wednesday reported a consolidated loss of Rs 268.3 crore for June quarter of FY21 (Q1FY21) as compared to profit of 1,376.8 crore reported in the corresponding quarter last year. The company attributed the outbreak of Covid-19 pandemic and the consequent lockdown announced to contain it for adversely impacting its numbers. READ MORE
2:29 PM
UPDATE :: Markets sharply lower; Nifty hovers around 11,200
2:22 PM![]()
Dr Reddy's Labs rallies 4% to hit a record high on healthy Q1 numbers
Shares of Dr Reddy’s Laboratories hit a record high of Rs 4,224, up 4 per cent on the BSE on Wednesday after the company reported a better-than-expected net profit of Rs 579 crore in April-June quarter (Q1FY21), on the back of strong revenue growth. The pharmaceutical company had posted a profit of Rs 663 crore in the year-ago period. The stock surpassed its previous high of Rs 4189.35, touched on June 10, 2020. READ MORE
2:14 PM
June Quarter Result :: Maruti Suzuki reports net loss of Rs 249 crore
>> Revenue at Rs 4,107 crore
>> EBITDA loss at Rs 863 crore
>> EBITDA loss at Rs 863 crore
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First Published: Jul 29 2020 | 7:02 AM IST
