MARKET WRAP: Sensex dips 286 pts, Nifty ends at 10,856 despite RBI rate cut

All that happened in markets today

9:17 AM

FIRST TRADE | Top gainers and losers on the S&P BSE Sensex

9:02 AM

Sensex in pre-open

9:01 AM

Rupee opening

Rupee opens weaker at 70.96/$ vs Tuesday's close of 70.81 against the US dollar

8:47 AM

Stocks to watch

Rate-sensitive stocks: Financial, auto and realty stocks are likely to be in the limelight today as the Reserve Bank India's monetary policy committee will release its policy later in the day. The central bank is widely expected to cut the repo rate by 25 bps.

 

RIL: Reliance Industries and global oil and gas major BP Plc have announced joint venture (JV) to set up 5,500 petrol pumps. RIL will hold 51 per cent in the JV.

 

Earnings today: As many as 147 companies, including the likes of HCL Tech, Mahindra & Mahindra, Lupin, Voltas, Tata Steel, and Siemens are scheduled to announce their June quarter earnings today. READ MORE

8:46 AM

HCL Tech Q1 preview: EBIT margin may dip up to 130 bps, FY20 guidance eyed

HCL Technologies (HCL Tech) is expected to post a revenue growth of up to 2.9 per cent in constant currency (CC) terms when it releases its June quarter results of the financial year 2019-20 (1QFY20) on Wednesday. However, rupee revenue growth is expected to be modest on sequential basis, mainly on account of rupee appreciation. READ MORE

8:40 AM

Indiabulls Housing Finance: Banking licence key after June quarter blip

Having weathered the liquidity crisis well till a quarter ago, expectations were high from India’s third largest housing financier – Indiabulls Housing Finance (Indiabulls). June quarter (Q1) though was a let-down. Headline growth numbers such a net interest income (NII) and net profit came at Rs 1,475 crore and Rs 802 crore, significantly trailing expectations. READ MORE

8:38 AM

Govt asks NCLT to freeze assets of IL&FS arm's audit partners Deloitte, BSR

The Ministry of Corporate Affairs (MCA) on Tuesday sought the National Company Law Tribunal’s (NCLT’s) approval to freeze assets, including bank lockers, of Deloitte Haskins & Sells and KPMG-network auditor BSR & Associates, both former auditors of IL&FS Financial Services (IFIN) which have been named in the Serious Fraud Investigation Office (SFIO) complaint. READ MORE

8:35 AM

HDFC Bank cuts lending rates by 10 bps across all tenors: Report

Largest private sector lender HDFC Bank on Tuesday has cut its lending rates by 0.10 percent across all tenors, effective Wednesday, sources said. The move comes a day ahead of the policy review by the Reserve Bank, which is reportedly peeved at lenders for not passing on its three consecutive rate cuts of 0.75 percent to the borrowers. READ MORE

8:33 AM

IndiGo spat resurfaces, Gangwal says he won't vote to expand board

Within a fortnight of IndiGo announcing peace between the two founders, Rakesh Gangwal has made a U-turn, saying he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Instead, he wants a seven-member board. Without his support, the special resolution to amend the articles of association will not be passed as it requires the support of 75 per cent shareholders. READ MORE

8:32 AM

Weekly stock picks by Religare Broking

Buy Havells India Limited (Initiation range: Rs 642- Rs 646)

 

Last Close: Rs 646.85
 

Target: Rs 675

 

Stop loss: Rs 630

 

Havells has retraced considerably from its record high in last one month and reached closer to the crucial support zone of medium term moving averages (100 EMA) placed around Rs 620. Indications are in the favour of consolidation followed by recovery ahead. Traders should accumulate within in the mentioned range. READ MORE

8:30 AM

Technical calls from HDFC Securities

BUY PIDILITE INDUSTRIES (Rs 1,309)

TARGET: Rs. 1,370

STOP-LOSS: Rs 1,265

 

The stock has registered a new all-time high with jump in volumes. Double top resistance of Rs 1,300 is taken out on closing basis. The stock has broken out from five monts' consolidation, indicating fresh momentum in the stock. We recommend buying the stock at CMP, for the target of Rs 1,370, keeping a stop loss at Rs 1,265 on closing basis. READ MORE

8:29 AM

Bulk deals on the NSE as on Tuesday

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg.  Price
06-Aug-2019	AGRITECH	Agri-Tech (India) Limited	MUKUL MAHESHWARI	BUY	30,292	53.90
06-Aug-2019	AGRITECH	Agri-Tech (India) Limited	MUKUL MAHESHWARI	SELL	25,559	54.64
06-Aug-2019	ARVIND	Arvind Limited	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	15,96,599	54.32
06-Aug-2019	ARVIND	Arvind Limited	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	SELL	15,96,599	54.25
06-Aug-2019	DHFL	Dewan Housing Fin Corp	CROSSLAND TRADING CO	BUY	16,33,469	51.39
06-Aug-2019	DHFL	Dewan Housing Fin Corp	CROSSLAND TRADING CO	SELL	16,04,305	51.69
06-Aug-2019	DHFL	Dewan Housing Fin Corp	GENUINE STOCK BROKERS PVT. LTD.	BUY	16,58,503	53.05
06-Aug-2019	DHFL	Dewan Housing Fin Corp	GENUINE STOCK BROKERS PVT. LTD.	SELL	16,58,503	53.10
06-Aug-2019	DHFL	Dewan Housing Fin Corp	PURITY TRADEMAX LLP	BUY	19,70,270	52.45
06-Aug-2019	DHFL	Dewan Housing Fin Corp	PURITY TRADEMAX LLP	SELL	19,70,270	52.60

Click here for full list

8:26 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:26 AM

Rupee check

The rupee edged lower by 8 paise and closed at 70.81 against the US dollar on Tuesday.

8:24 AM

Oil check

At 8:23 am, Brent Crude Futures were at $58.88 per barrel, down 0.10 per cent