F&O Expiry: Sensex, Nifty end lower; Tata Motors dips 5% ahead of Q1 nos

The BSE Sensex closed at 37,831 level, down 17 points, or 0.04%. The broader Nifty50, too, shed 19 points, or 0.17%, to settle at 11,252 levels.

10:31 AM

Edelweiss Securities on Jubilant Foodworks

Though we remain upbeat on company’s long-term prospects given its value proposition and expansion focus, we take in account the broader discretionary slowdown and increasing competition in QSR space to trim our target PE from 50x to 45x to arrive at the revised target price (TP) of Rs 1,430. Maintain ‘BUY’.

10:29 AM

Tata Motors slips in trade ahead of Q1 result

10:23 AM

Tejas Networks plunges 14% to hit record low on weak June quarter results

Shares of Tejas Networks plunged 14 per cent to Rs 111, also its all-time low on the BSE on Thursday, after it reported a sharp 87 per cent drop in its consolidated net profit at Rs 6 crore in June quarter (Q1FY20). The fall in profit came in on the back of weak revenue due to deferment of spending on government projects. The company had registered profit of Rs 45 crore in the year-ago period. READ MORE

10:12 AM

Sharda Cropchem slips 5% on weak Q1 result

-- Sharda Cropchem posted consolidated revenue of Rs. 423 crore as against Rs. 456.13 crore in the corresponding quarter last year, registering 7.26 per cent YoY decrease

10:08 AM

India's new drug nods from US dip in Q1 due to increased scrutiny on firms

The first quarter (Q1) of the financial year (2019-20, or FY20) saw a 28 per cent drop in abbreviated new drug applications (ANDAs) received by Indian pharma firms to 111 approvals, compared to 155 in the previous quarter. Analysts feel this may be a fallout of the stringent regulatory action of the US drug regulator on Indian manufacturing sites since January. READ MORE

10:04 AM

Tejas Networks plunges over 14%, hits 52-week low

10:02 AM

NSE removes Anil Ambani group firms RInfra, RCap from F&O segment

Anil Ambani group firms Reliance Infrastructure and Reliance Capital have been removed from the futures and options (F&O) segment by the National Stock Exchange (NSE). After the expiry of existing contracts in September, no further derivative contracts will be issued for these two securities, the exchange said in a circular. Earlier this week, NSE removed nine other scrips from the F&O segment, which included Raymond, IDBI Bank, and Multi Commodity Exchange.

9:58 AM

NEWS ALERT | DFS secy Rajiv Kumar, likely to be appointed as Finance Secretary: sources to CNBC TV18

-- Transfer is on the basis of merit and seniority

Alert: DFS is Department of Financial Services

         Former Finance Secretary Subhash Chandra Garg was moved to Power Ministry yesterday

      

9:52 AM

PVR slips in trade

9:51 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	10.04	0.07	0.70	2156926
IDFC FIRST BANK	38.80	1.15	3.05	1473017
YES BANK	88.65	-0.50	-0.56	1243641
REL. COMM.	1.62	-0.03	-1.82	758007
DEWAN HSG. FIN.	54.30	-2.25	-3.98	716305

9:51 AM

Mphasis trades lower ahead of Q1 results

9:49 AM

Bajaj Finance trades flat ahead of Q1 nos

9:48 AM

Bajaj Holdings & Investment up over 2%

9:46 AM

Sadbhav Engineering gains nearly 6%

9:45 AM

Nifty Pharma index gains 1.8%