MARKET WRAP: Indices end in the green but witness worst July in 17 years

Weak corporate earnings, economic slowdown and tax issues continued to weigh down investment sentiment.

2:09 PM

NEWS ALERT | Board to probe w.r.t statements made in VG Siddhartha's letter: CNBC TV18

2:09 PM

Earnings Alert | Indian Oil Corporation Q1 results

-- Standalone net profit at Rs 3596 cr
 

-- Revenue at Rs 1.21 lakh crore

-- EBITDA margin at 6.4%

-- Gross refining margin at $4.69/bbl

2:07 PM

NEWS ALERT | Board appoints Cyril Amarchand Mangaldas as legal counsel: CNBC TV18

2:06 PM

Earnings Alert | Apollo Tyres Q1 results

-- Depreciation at Rs 267.3 cr
 

-- Consolidated net profit Rs 141.6 cr, down 43.8% YoY
 

-- Consolidated revenue at Rs 4,331.3 cr up 0.7% YoY
 

-- Consolidated Ebitda at Rs 475 cr down 12% YoY
 

-- Consolidated EBITDA margin at 11% vs 12.5% YoY

2:04 PM

NEWS ALERT | Executive committee will explore options to deleverage Coffee Day Group: CNBC TV18

-- EC consists of SV Ranganath, Nitin Bagmane and R Ram Mohan

2:02 PM

NEWS ALERT | Coffee Day Enterprises appoints SV Ranganath as interim Board chairman: CNBC TV18

-- Appoints Nitin Bagmane as chief operational officer (COO)

1:05 PM

Bharti Airtel trades lower ahead of Q1 result tomorrow

12:54 PM

Global markets check

Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure. Later in the day, the U.S. Federal Reserve is widely expected to cut interest rates for the first time since the financial crisis more than a decade ago. The expected easing has supported risk asset prices worldwide.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan pared losses to trade down 0.5 per cent but earlier fell to the lowest since June 19, while Japan’s Nikkei declined by 0.7 per cent.

 

In early European trade, the pan-region Euro Stoxx 50 futures rose 0.1 per cent, German DAX futures were up 0.1 per cent and Britain’s FTSE futures were little changed. (REUTERS)

12:39 PM

Powell holds his ground as Fed rate cuts may deliver mild jolt to economy

The US Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt to an economy that is facing headwinds from trade disputes and a global slowdown. The widely expected quarter-percentage-point lowering of borrowing costs, however, is unlikely to assuage US President Donald Trump's increasingly strident demands for the central bank to ease monetary policy. READ MORE

12:34 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
AJANTA PHARMA	873.85	840.00	-7.25	-0.82
ANDHRA BANK	21.10	20.95	0.10	0.48
APOLLO TYRES	152.95	145.30	3.30	2.21
ASAHI INDIA GLAS	193.30	193.30	-6.70	-3.35
ASHOK LEYLAND	70.40	67.10	1.80	2.62

12:26 PM

Nifty sectoral indices at this hour

12:14 PM

MARKET CHECK

11:58 AM

Bank of India likely to have aborted plan to sell stake in life insurance arm: CNBC TV18

-- BoI was looking to raise approx Rs 1,100 cr via 25% stake sale in Star Dal-Ichi

11:52 AM

ZEEL dips over 5%

11:50 AM

NEWS ALERT | US-China trade talks end in Shanghai: Agencies