F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%

Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today

3:39 PM

June Quarter Results :: Tech M

>> PAT: Rs 1,353 crore

>> Revenue: Rs 10,198 crore

>> Ebit: Rs 1,545.3 crore

> Ebit margin: 15.2%

3:33 PM

CLOSING BELL

The S&P BSE Sensex gained 209 points, or 0.4 per cent, to end at 52,653 levels, led by Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma. 

 

It's NSE counterpart Nifty50, meanwhile, ended tad below 15,800-mark at 15,779, up 69 points.

3:29 PM

Union Bank Q1 Results

>> PAT at Rs 1181 crore vs Rs 333 crore YoY

 

>> Net NPA at 4.69% vs 4.62% QoQ

3:21 PM

June Quarter Results :: Laurus Labs

>> PAT: Rs 240 crore vs Rs 170 crore YoY

>> Revenue: Rs 1,278 crore vs Rs 974 crore YoY

>> Ebitda: Rs 395.5 crore vs Rs 278.3 crore YoY

Note: Figures are at consolidated level

3:16 PM

IPO CHECK :: Glenmark Life Sciences subscribed over 35 times so far

3:11 PM

Global markets :: Hang Seng up 3% amid reports China securities' regulator has stepped in to arrest mkt fall

2:56 PM

Corporate Action :: Mahindra Holidays zooms over 3% on bonus issue plan

>> Recommended the issue of Bonus Equity Shares in the proportion of 1:2 i.e. 1 bonus equity share of Rs.10/- each for 2 fully paid-up equity shares of Rs.10/- each held as on the Record Date, subject to approval of the Members of the Company.

2:46 PM

June Quarter Results :: PVR reports net loss of Rs 220 crore

>> Revenue: Rs 59.4 crore

2:44 PM

June Quarter Results :: Aavas Financiers

>> PAT: Rs 59 crore vs Rs 50 crore YoY

>> Revenue: Rs 263 crore vs Rs 229 crore YoY

2:37 PM

June Quarter Results :: LIC Housing Finance

>> Net profit: Rs 153.4 crore vs Rs 817.5 crore YoY

>> NII: Rs 1,275.3 crore vs Rs 1,220.6 crore YoY

2:26 PM

SBI inches towards record high ahead of Q1 results; stock up 3%

The stock of the state-owned lender had hit an all-time high of Rs 442 on June 3, 2021, after it reported a strong set of numbers for the March 2021 (Q4FY21) quarter. Since then, it has underperformed the market by falling 3.4 per cent, as compared to a 0.66 per cent rise in the S&P BSE Sensex. Trading volumes on the counter jumped 1.5 times, with a combined 18.36 million equity shares having changed hands on the NSE and BSE till 01:40 pm. READ MORE

2:17 PM

June quarter results :: FUTURE RETAIL

>> Loss at Rs 1,067 crore vs Rs 475 crore YoY

 

>> Revenue at Rs 2,015 crore vs Rs 4,492 crore YoY

 

2:07 PM

Beauty startup Nykaa seeks $4 billion valuation in IPO

India’s Nykaa is preparing to file for an initial public offering that could value the startup at more than $4 billion, according to people familiar with the matter, another sign of the growing interest in India’s technology sector.

 

The country’s top e-commerce company for beauty, founded by Falguni Nayar, is aiming to file its draft red herring prospectus, or DRHP, within the next few days, said the people, asking not to be named because the matter is private. It plans to sell just more than 10% of the equity, one of the people said, which could raise $400 million or more. READ MORE

Falguni Nayar, founder and chief executive officer of Nykaa

1:51 PM

NEWS ALERT :: Windlas Biotech IPO to open on Wednesday, Aug 04

>> The company is a manufacturer of pharmaceutical formulations

 

>> Price Band has been fixed at Rs 448-460 per share

 

>> Offer comprises of fresh issue aggregating up to Rs 165 crore fresh issue and an offer for sale of up to 5,142,067 shares

1:46 PM

Back to old normal: FMCG leaders beat FY21 blues, exceed pre-Covid levels

In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India’s fast-moving consumer goods (FMCG) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players’ business, which is now set to exceed the pre-pandemic level. READ MORE