MARKET WRAP: Sensex snaps 6-day losing streak, up 52 pts; autos lead rally
In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, or 0.22 per cent, higher at 13,060 levels.
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Domestic indices ended Friday's lackluster trade with marginal gains. The benchmark S&P BSE Sensex and broader Nifty50 traded range-bound for better part of the day tracking corporate earnings and weakness in global markets.
The Sensex ended 52 points, or 0.14 per cent, higher at 37,883 levels pulled up by automobile manufacturers, banking and financial stocks. YES Bank, Bajaj Finance, Hero Moto Corp, and M&M ended the day as top gainers while Vedanta, HDFC, Bharti Airtel, and Reliance were the top laggards at the close. On the other hand, Nifty50 settled at 11,284 mark, up 32 points, or 0.29 levels.
In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, or 0.22 per cent, higher at 13,060 levels.
Sectorally, all the indices ended in the green barring Nifty IT index. Nifty Auto index was the top performing index, closing with gains of over 2 per cent. Nifty Bank, including private bank and public sector bank indices, and Nifty Pharma ended with gains of a per cent each. Nifty IT index closed with a cut of 0.82 per cent.
GLOBAL CUES
Asian share prices dropped on Friday following mixed US earnings reports and after the European Central Bank disappointed those investors who had expected an immediate easing.
Japan's Nikkei index closed 0.45 per cent lower while South Korea's Kospi slipped 0.40 per cent at close. China's Shanghai Composite, however, ended 0.24 per cent higher.
(With inputs from Reuters)
(With inputs from Reuters)
3:50 PM
Sectoral gainers and losers on the NSE
3:50 PM
Gainers and losers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex gained 52 points or 0.14 per cent to settle at 37,883 while the NSE's Nifty50 index ended at 11,284 levels, up 32 points or 0.29 per cent.
3:29 PM
IDFC First Bank gains 14% in two days post June quarter results
Shares of IDFC First Bank gained 10 per cent to Rs 43 apiece on Friday, gaining 14 per cent in the past two trading days on the BSE, despite a net loss of Rs 617 crore in June quarter (Q1FY20). The loss was due to higher provisioning for stressed assets, financial data of the bank showed. The private lender had posted a net profit of Rs 181 crore in the year-ago quarter. READ MORE
3:09 PM
Earnings Alert | Force Motors Q1 result
-- Net Profit at Rs 26.1 crore, down 36.2% YoY
-- Revenue at Rs 802.4 crore, down 9.7% YoY
-- EBITDA at Rs 70.10 crore down 11.3% YoY
--EBITDA Margin at 8.74%
-- Revenue at Rs 802.4 crore, down 9.7% YoY
-- EBITDA at Rs 70.10 crore down 11.3% YoY
--EBITDA Margin at 8.74%
3:05 PM
Earnings Alert | Jubilant Life Sciences Q1 result
-- Cons net profit down 8.6% at Rs 185 cr Vs Rs 202.5 cr (YoY)
-- Cons revenue up 5% at Rs 2,182 cr Vs Rs 2,079 cr (YoY)
-- Cons revenue up 5% at Rs 2,182 cr Vs Rs 2,079 cr (YoY)
2:56 PM
NEWS ALERT | Andhra High Court order stays state government order on renegotiation of PPAs with power developers: CNBC TV18
2:40 PM
Maruti Suzuki Q1 profit declines 27.3% to Rs 1,435 crore, revenue slips 14%
Maruti Suzuki reported standalone net profit of Rs 1,435 crore for June quarter, down 27.3 per cent from the year-ago's Rs 1,975.3 crore profit. Revenue from operation came in at Rs 18,735.2 crore, down 14.1 per cent on a YoY basis. The company posted Ebitda of Rs 2048 crore, down 38.5 per cent from Q1FY19's Rs 3,330 crore. Margin were down 440 bps at 10.4 per cent as compared to 14.8 per cent YoY. READ MORE
2:36 PM
S&P BSE Auto index rises nearly 2%; Eicher Motors up over 5%
2:32 PM
MARKET CHECK | Midcaps outperform benchmarks
2:23 PM
NEWS ALERT | Bank consolidation to depend on opportunities available: Sunil Mehta
-- BHushan Steel is at advanced stage of resolution
-- Not looking at distress sale of non-core assets
-- Not looking at distress sale of non-core assets
2:21 PM
NEWS ALERT | Expect to bring down gross NPA level below 12% by the end of the year: Sunil Mehta, chairman, PNB
-- FY19-20 will be year of profitability of the bank, he said
2:19 PM
NEWS ALERT | Thirumalai Chemicals to set up food ingredients manufacturing facility in the US with 30,000 t/year capacity: CNBC TV18
2:18 PM
NEWS ALERT | GST Council likely to take up rate cut on Electric Vehicle chargers from 18% To 12%: BTVI quoting sources
-- This item is part of additional items to be taken up in Council meet on July 27
Alert: Rate cut on EVs from 12% to 5% already on agenda
Alert: Rate cut on EVs from 12% to 5% already on agenda
2:11 PM
Buzzing | Bajaj Electricals slips over 6%
Topics : Markets MARKET WRAP
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First Published: Jul 26 2019 | 7:14 AM IST
