MARKET WRAP: Sensex gains 499 pts as financials rally, Nifty ends at 10,430

All that happened in the markets today

9:25 AM

Vodafone Idea sheds 1% post Q4 nos

>> Vodafone Idea's pre-tax loss rose 73 per cent to Rs 11,742 crore in the March quarter of 2019-20 owing to exceptional expenses. The telecom firm had posted a pre-tax loss of Rs 6,758 crore in the same quarter last year.

9:24 AM

Bharti Airtel gains 1% as Carlyle Group set to pick 25% stake in subsidiary

9:22 AM

Sectoral trends on NSE at Open

9:21 AM

Sensex Heatmap at Open

9:20 AM

Opening Bell

9:19 AM

Opening Bell

9:05 AM

Top gainers and losers on the S&P BSE Sensex at Pre-open

9:04 AM

Markets at Pre-open

9:03 AM

Markets at Pre-open

8:58 AM

Stocks to watch: Voda Idea, ONGC, Airtel, autos, HUL, JSPL, Future Grp stks

Vodafone Idea: Vodafone Idea's pre-tax loss rose 73 per cent to Rs 11,742 crore in the March quarter of 2019-20 owing to exceptional expenses. The telecom firm had posted a pre-tax loss of Rs 6,758 crore in the same quarter last year.

 

ONGC: State-run Oil and Natural Gas Corporation (ONGC) reported a pre-tax loss of Rs 10,529 crore in the fourth quarter of the financial year 2019-20 (Q4FY20) because of a drop in crude oil prices, the impact of the lockdown, and exchange losses.

 

Bharti Airtel: The Carlyle Group on Wednesday announced that it will invest $235 million for approximately 25 per cent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business. READ MORE 

8:54 AM

June auto sales: Analysts see Maruti, Hero Moto making a strong comeback

Prabhudas Lilladher

 

The brokerage expects Maruti Suzuki India’s total sales to jump 115 per cent MoM to 39,800 units from 18,539 units in May 2020. On a yearly basis, this would be a dip of 68 per cent. As for Mahindra and Mahindra (M&M), total sales are seen at 55,200 units, up 63 per cent MoM.

 

Among two-wheelers, Hero MotoCorp’s total sales are pegged at a whopping 3.7 lakh units, logging a growth of 228.4 per cent sequentially. TVS Motor Company and Bajaj Auto are expected to follow with 160 per cent and 86 per cent month-on-month rise at 1.53 lakh units, and 2.37 lakh units, respectively. READ MORE

8:51 AM

Carlyle Group to acquire 25% stake in Airtel's Data Centre business

The Carlyle Group on Wednesday announced that it will invest $235 million for approximately 25 per cent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business.

 

The post-money enterprise valuation of Nxtra is approximately $1.2 billion and Carlyle will hold a stake of approximately 25% in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75%, Bharti Airtel said in a statement. READ MORE

8:48 AM

Trading ideas by Religare Broking: Sell Hindalco, TVS Motor futures

ACC Limited

 

Recommendation: Buy

 

Last Close: Rs 1,332.25

 

After a sharp correction, ACC has been rebounding for the last three months. On June 30, the stock posted a fresh breakout from a consolidation range and also surpassed the major hurdle of 200 EMA on the daily chart. The breakout was supported by a strong rise in volume, adding to the confirmation. We, thus, advise creating fresh longs as per the given levels. READ MORE

8:46 AM

Nifty outlook and stock pick by HDFC Securities: Buy SBI Life, JK Cements

For the last four sessions, Nifty has fallen into the narrow consolidation range of 10,200 and 10,400. Primary trend has been bullish as Nifty is placed above 10, 20,50 and 100 days EMA. The chances of breaking out looks much higher than breaking down as oscillators and indicators are showing strength in the trend. However, it would be advisable to protect long positions in the Nifty with 10,200 stoploss. Above 10,410, Nifty could move towards 10,600 odd levels. READ MORE

8:41 AM

Bulk deals on NSE as on Tuesday

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