MARKET WRAP: Sensex settles 39 pts higher; IT, pharma stocks decline

Sectorally, public sector banks gained the most, with the index closing 1.5 per cent higher. This was followed by Nifty auto index, up 1.15 per cent.

2:07 PM

NEWS ALERT | See 252 GW of peak power demand by 2024: Group of Secretaries

-- See transmission lines capacity at 5,18,000 circuit km by 2024

-- See per capita electricity consumption at 1,630 kWh by 2024

(As reported by CNBC TV18)

2:03 PM

NEWS ALERT | See oil & gas production at 95 mtoe by 2024: Group of Secretaries

-- FY19 oil & gas production provisionally estimated at 67.1 mmtoe

-- Expect increase in production by 1.2x and in refining capacity by 1.2x by 2024

Alert: Mtoe is million of tonnes of oil equivalent
         Mmtow is million metric of tonnes of oil equivalent
     
(As reported by CNBC TV18)

1:57 PM

UPL gains over 3%

1:55 PM

NEWS ALERT | Phase out single-use plastics by 2024: Group of Secretaries, reports CNBC TV18

1:53 PM

NEWS ALERT | Fitch Ratings downgrades long-term issuer rating of Macrotech Developers: CNBC TV18

Alert: Macrotech Developers were earlier known as Lodha Developers

1:51 PM

NEWS ALERT | Federal Bank cuts lending rates by 15 bps across tenors

1:45 PM

S&P BSE Sensex contribution

1:34 PM

Anand Rathi Financial Services on Neuland Labs

We cut our FY20e and FY21e EBITDA 9.1% and 6.1% respectively and PAT 9.6% and 8.1% on account of the lower-than-anticipated gross-margin assumption. On the recent fall in the stock price, we upgrade our recommendation to a Buy, with a price target of Rs 667, based on 15x FY21e EPS. 

 

Risks: Regulatory issues with any plant; delay in regulatory approvals.

1:27 PM

Nifty PSU Bank index is trading higher

1:16 PM

Nifty sectoral indices at this hour

1:09 PM

Apollo Hospitals up 10% in two days on strong Q1 results; nears record high

Shares of Apollo Hospitals Enterprises rallied 7 per cent intra-day to Rs 1,454 apiece on the BSE on Friday, also its 52-week high, on strong June quarter results for FY20 (Q1FY20). The stock has surged 10 per cent at the bourses since Tuesday, when it reported more than double consolidated net profit at Rs 49 crore. The company had a profit of Rs 23 crore in the year-ago quarter. The stock is 6 per cent away from its all-time high level of Rs 1,544 touched on March 2, 2016. READ MORE

1:03 PM

Essel Propack dips over 9%

1:01 PM

NEWS ALERT | London’s FTSE 100 index failed to open at the start of the European trading on Friday: Reuters

-- The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue

12:36 PM

Cholamandalam Financial Holdings slip over 3%

12:29 PM

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

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ANDHRA BANK	19.05	18.55	-0.05	-0.26
B H E L	51.30	50.25	0.25	0.49
BRITANNIA INDS.	2461.90	2444.00	-18.95	-0.76
COFFEE DAY ENTER	62.95	62.95	-3.30	-4.98
CORPORATION BANK	19.50	19.05	-0.25	-1.27