Sensex ends marginally lower but Nifty manages to hold 10,050

Catch all that happened in the market here

1:42 PM

The dollar edged lower on Monday following sharp gains in the previous session, as investors focused on inflation data due this week that could determine the currency's longer-term trajectory.

 

The dollar index against a basket of six major currencies was 0.1 percent lower at 93.44 having climbed 0.75 percent on Friday. That was its biggest single-day rise of 2017 and pulled it away from 92.548, its lowest level since May 2016 that it marked on Wednesday.

1:23 PM

Shares of Dabur India rose nearly 4 percent intraday on Monday as investors cheered the positive brokerage recommendations on the stock.

 

The fast-moving consumer goods (FMCG) major reported 10 percent drop in its consolidated net profit for the June quarter at Rs 265 crore against Rs 293.6 crore posted during the same period last year. It must be noted that there was a one-time loss of Rs 14.5 crore due to the provisions made for goods and services tax (GST).

Photo: Dabur.com

1:12 PM

Markets check

 

At 1:00 pm, the Sensex was trading at 32,320, down 5 points, while the broader Nifty50 was ruling at 10,073, up 6 points. 

12:24 PM

Nifty Bank trades positive

The Nifty Bank index was trading 0.3% higher. The index lost 1.2% since last Tuesday as investors were disappointed after India's central bank maintained a "neutral" stance despite cutting interest rates by 25 basis points.

12:06 PM

Nifty Realty (up 1%) was the leading sectoral gainer 

Source: NSE

11:44 AM

Earnings impact

Britannia surged over 6% to Rs 4,140, its fresh 52-week high, after the FMCG major reported 1.5% decline in its consolidated net profit at Rs 216 crore vs 219 crore reported in the same quarter of previous fiscal year.  

11:30 AM

Value funds of one-year tenor falling under the equity category continue to be under-performers due to over exposure to sectors like IT and pharma that have missed the ongoing bull-run in the markets. CLICK HERE FOR FULL REPORT

11:17 AM

Govt gears up for divestment drive

 

After a brisk start to the Centre’s 2017-18 disinvestment programme, the finance ministry’s Department of Investment and Public Asset Management (Dipam) has lined up a healthy pipeline to meet a highly ambitious target of Rs 72,500 crore. CLICK HERE FOR FULL REPORT

10:37 AM

Tata Steel hits 52-week high

 

Shares of Tata Steel rose over 3% to hit fresh 52-week high of Rs 593 in early trade ahead of its first quarter results to be announced later in the day. 

10:05 AM

Markets check

At 10:00 am, the Sensex was trading at 32,315, down 9 points, while the broader Nifty50 was ruling at 10,067, up 1 point. 

9:52 AM

Govt launches new ETF

 

Review: Bharat-22 ETF is for investors with equity exposure. CLICK HERE TO READ DETAILS 

9:42 AM

Market outlook by HDFC Securities

 

During the course of the week we will get manufacturing data from across the globe. In terms of results, 13 Nifty companies including Tata Motors, Tata Steel and SBI will report their quarterly numbers. Markets should be happy that the US continues to do add jobs in the ninth year of recovery. The economy added 2, 09,000 new jobs in the month of July. Analysts were expecting 1,75,000 job additions. The unemployment rate was knocked down to a 16-year low of 4.3%.

 

The better than expected job numbers nudge the US Fed to soon start contracting their balance sheet. However, it may not be before the September meeting of the FOMC. However, that will not adversely impact our markets. Expect the Nifty to gradually inch higher this week.

9:35 AM

Sectoral trend

All but two sectors were trading in green. 

Source: NSE

9:31 AM

Broader markets outperform 

The BSE Midcap and the BSE Smallcap indices added 0.6% each, outperforming Sensex and Nifty. 

9:29 AM

Top Sensex gainers and losers

Source: BSE