MARKET WRAP: Sensex trims losses, ends 12 pts down; Nifty closes at 11,194

All that happened in the markets today

10:56 AM

Asian Paints shares slip 2% ahead of Q1FY21 result; here's what to expect

Shares of Asian Paints fell as much as 2 per cent on the BSE on Friday ahead of its June quarter results for the fiscal year 2020-21 (Q1FY21), due later in the day. At 10:06 am, the stock was quoting over 1 per cent lower at Rs 1,707.65 on the BSE. It hit a high and low of Rs 1,727 and Rs 1,691.50, respectively so far in the trade. In comparison, the S&P BSE Sensex was trading 0.55 per cent lower at 37,929 levels. READ MORE

10:47 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	8.43	-1.86
TRIDENT	7.14	4.69
TATA MOTORS	104.50	-1.46
BANK OF MAHA	12.52	5.48
IDFC FIRST BANK	28.05	2.94

10:39 AM

Earnings visibility poor for next few quarters: Dy CIO of Nippon India MF

Consolidation driven by balance sheet strength is visible in virtually every sector of the market, says Sailesh Raj Bhan, deputy chief investment officer (CIO)–equity investments, Nippon India MF. In an interview with Ashley Coutinho, he says mid and small-caps look attractive from a 3-5 year perspective. READ MORE

10:31 AM

Sector Alert :: RIL lifts S&P BSE Energy index

>> At 10:30 am, the index was at 6,307 level, up 154 points or 2.51%

10:21 AM

India's biggest firm by m-cap | Reliance Ind + RIL-partly paid m-cap tops Rs 14 trillion-mark

>> At 10:19 am, RIL-fully paid shares values Rs 13,52,607 crore in m-cap, while RIL-PP valued Rs 54,425 crore
 

10:13 AM

Sun Pharma up 4% as US arm's Taro Pharma resolves antitrust investigation

Shares of Sun Pharmaceutical Industries were up 4 per cent to Rs 496 in the early morning trade on the BSE on Friday after its US subsidiary, Taro Pharma reached a settlement agreement with the US Department of Justice (DoJ), Antitrust and Civil divisions to pay more than $200 million to settle the generic drug price fixing allegations against the company. READ MORE

10:09 AM

Rupee Opening

Rupee opens lower at 74.94 per US dollar vs Thursday's close of 74.75/$

10:03 AM

Reliance Industries extends gain, up 4% now

9:59 AM

Economic recovery in India hinges on moratorium duration: Chris Wood

“A critical question for the banks, the property market and indeed the economy is now whether the moratorium is extended yet again. Still until proven otherwise, investors should probably assume that the moratorium will be extended for another four months to the end of the calendar year,” Wood said. READ MORE

9:50 AM

PNC Infratech jumps 9% after bagging two EPC projects worth Rs 1,548 crore

The bids for these contracts were submitted in January this year and opened in March.

 

Chinese firm Jiangxi Construction had emerged as the lowest bidder. The bids submitted by Jiangxi Construction, however, have been annulled after the government decided to restrict Chinese companies in India, according to a Business Standard report. READ MORE

9:45 AM

Covid in India | Total cases reach 1.28 million

9:42 AM

Commodity heatmap :: Gold hits record high on MCX, breaches Rs 50,800-mark on the upside

9:35 AM

HDFC Bank dips over 1%

>> The RBI has asked HDFC Bank to provide details of an internal investigation into allegations of improper lending practices in its vehicle-financing operation, reports Bloomberg

9:33 AM

Result Impact | ABB India slides 3% on 76% YoY decline in net profit

>> ABB India reported about 76% decline in net profit at ₹16.75 crore for the June quarter, mainly due to lower revenues. The company's net profit stood at ₹69.74 crore in the quarter ended June 30, 2019, it said in a regulatory filing.

9:31 AM

PNC Infratech surges 6%

>> PNC Infratech on Thursday said it has won two highway contracts, part of Delhi-Vadodara Expressway, worth Rs 1,547.80 crore from National Highways Authority of India (NHAI).