Indices end near day's high, Sensex up 558 pts; UltraTech Cement jumps 7%

All that happened in the markets today

2:13 PM

RUPEE CHECK:: Rupee ends unchanged at 74.83/ US dollar against Monday’s close

2:04 PM

IndiGo to report Q1 result on Wednesday; here's what analysts expect

As InterGlobe Avition-owned IndiGo burns its pocket with lease and rental payments for over 260 aircraft fleet amid calibrated operations, thanks to suspended air travelling amid Covid-19 outbreak, analysts would watch out the budget carrier’s cash flows in the April-June quarter of FY21 (Q1FY21) and further fund-raising plans. The airline is scheduled to report its Q1FY21 earnings on Wednesday, July 29. READ MORE

1:56 PM

IPO UPDATE:: Mindspace Business Parks REIT offer subscribed 77% so far on Day 2 of the bidding process

(Source: NSE)

1:47 PM

BUZZING STOCK:: Marico jumps 5%

1:36 PM

MARKET CHECK:: BSE Midcap index underperforms Sensex

1:36 PM

European indices trade mixed in early deals

1:24 PM

MARKET CHECK:: Top 5 losers on the BSE at this hour

1:19 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
BIRLASOFT LTD	116.35	118.20	7.38
DEEPAK FERTILIZ.	146.80	149.95	2.26
HCL TECHNOLOGIES	706.45	712.50	0.75
HDFC LIFE INSUR.	639.10	647.50	0.87
INFIBEAM AVENUES	76.50	77.85	3.17

1:07 PM

AHEAD OF RESULTS:: Nestle trades over 0.8% lower

1:00 PM

Bharti Airtel Q1 preview: Losses likely to narrow despite fall in APRU

Bharti Airtel is set to announce its June quarter results for FY21 (Q1FY21) on Wednesday and analysts expect the company to post a loss of as much as Rs 318.9 crore as compared to Rs 5,236.9 crore loss reported in Q4FY20. Revenue growth for the quarter, however, is likely to remain flat with India non-wireless revenues traction remaining robust. READ MORE

12:51 PM

BROKERAGE VIEW:: Centrum Broking on ITC

We reckon new launches in the hygiene segment could aid margin expansion for the other FMCG business. Nonetheless, we expect the fast recovery in cigarette/other FMCG, compared to prolonged recovery in H2 for Hotel, Paper, and Agri. Gross margin declined 818 bps to 55.4% due to delay in passing on NCCD inflicted cost increases. Considering strong tailwinds for other FMCG and significant cost optimization in the cigarette segment, we increase revenue/ PAT estimates for FY21E/22E by 5.7%/9.2% and 5.5%/13.7%. We maintain Buy rating and DCF-based revised Target price of Rs 257, implying 18.6x FY22E EPS.

12:45 PM

Maruti Suzuki Q1FY21 preview: Brokerages see net loss of up to Rs 750 crore

According to the company's monthly auto sales data, Maruti Suzuki sold 76,599 units during Q1FY21, down 81 per cent on year-on-year (YoY) basis as compared to 402,594 units sold in Q1FY20. The Q1FY21 numbers comprise the sale of 67,027 units and 9,572 units in the domestic market and export, respectively. At the bourses, shares of Maruti Suzuki gained 11.8 per cent during the April-June period. In comparison, the S&P BSE Sensex gained 18.48 per cent in the same period. READ MORE 

12:38 PM

BUZZING STOCK:: MCX surges over 5%

12:27 PM

These stocks from Ashish Kacholia's portfolio gained over 100% since April

Kacholia holds more than one per cent stake in over a dozen mid and smallcap companies. Of the 16 companies that Kacholia held stake in at the end of the June quarter, 13 have outperformed the market, while just three stocks – Safari Industries, DFM Foods and NIIT have underperformed since April. The S&P BSE Sensex has surged 29 per cent during the same period. READ MORE 

12:18 PM

MARKET CHECK:: Top 5 gainers on the BSE at this hour