MARKET WRAP: Sensex up 85 pts, broader mkts underperform; DHFL up 11%

Sectorally, PSU banks were the biggest gainers with the Nifty PSU Bank index closing 1.36 per cent higher

2:21 PM

Wipro Q1FY20 preview: Analysts see modest revenue growth, EBIT margin dip

Wipro, India’s fourth largest software company, is scheduled to release its April - June 2019 quarter results (Q1FY20) on July 17 and analysts expect a moderate revenue growth along with a fall in the earnings before interest and taxes (EBIT) margin.

 

The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter READ MORE HERE

Abidali Neemuchwala, CEO of Wipro. Photo: PTI

2:17 PM

NEWS ALERT | NMDC's June iron ore sales up 18.2% at 2.66 mt Vs 2.5 mt (YoY)

--  Total iron ore production in June went up 2.9% at 2.52 mt Vs 2.45 mt (YoY)

2:16 PM

Cox & Kings hits fresh low after fourth default in three weeks

In a filing to the BSE, the travels and tour operator said it has also failed to pay the interest of over Rs 41 lakh on secured redeemable non-convertible debentures worth Rs 50 crore in timely manner. These NCDs carried a tenure of 24 months at a coupon of 10 percent per annum payable per month, it said. CLICK HERE TO READ FULL REPORT

2:04 PM

YES Bank falls 8% from intra-day high ahead of June quarter result

Shares of YES Bank were down 5 per cent to Rs 99 apiece in intra-day trade on the BSE on Wednesday, falling 8 per cent from its early morning high of Rs 108 ahead of April-June quarter (Q1FY20) earnings scheduled to be announced later today.

 

Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20. READ MORE

1:51 PM

Eicher Motors trade lower

1:42 PM

Market check

1:41 PM

Market check

1:37 PM

NEWS ALERT | Jalan Committee's report to be submitted to RBI in 10-15 days: CNBC TV18

1:22 PM

NEWS ALERT | RBI surplus reserves to be transferred to govt in tranches in 3-5 years: Jalan panel report

1:21 PM

NEWS ALERT | Jalan Panel's report on eco capital framework unlikely to be unanimous: CNBC-TV18

1:20 PM

NEWS ALERT | Next review of eco capital framework will be periodic: CNBC-TV18

1:18 PM

NEWS ALERT | Bimal Jalan Committee's report on economic capital framework finalised

1:18 PM

NEWS ALERT | Bimal Jalan Committee's meeting on economic capital framework concludes

12:55 PM

NEWS ALERT | Govt may spin-off units of Coal India into separate listed companies: CNBC TV18 quoting agencies

12:47 PM

Apollo Hospitals Enterprise's promoter pledging likely to hit 75%

Apollo Hospitals Enterprise (AHEL) might see its promoters' pledged shares going up for a short while to 75 per cent, from 68 per cent now. They are pledging shares for solvency funding at Apollo Munich Health Insurance, in which Apollo Hospitals Group is selling its entire 51.2 per cent to HDFC.
 

Earlier, almost 74 per cent of the promoter shares were pledged to unwind a deal with private equity player KKR, raising concerns in the market. READ MORE