Nifty ends marginally lower but holds above 10,000 , up 1% for week

Catch all that happened in the market here

1:05 PM

Markets check

At 1:00 pm, the Sensex was trading at 32,185, down 198 points, while the Nifty50 was ruling at 9,969, down 51 points. 

12:54 PM

Earnings impact

Idea Cellular pared initial losses to gain over 2% on value-buying after the company on Thursday posted a loss of Rs 815.9 crore in the first quarter ended June 30, missing estimates as Reliance Jio triggered a price war in the Indian mobile telephony market. CLICK HERE FOR MORE

12:21 PM

Pharma stocks hog limelight with Nifty Pharma index losing nearly 2%. 

Source: NSE

12:05 PM

Nava Bharat Ventures surged 10% to Rs 149 on BSE after the company said it has achieved provisional acceptance of 300 MW power plant of the step-down subsidiary of the company, Maamba. CLICK HERE FOR MORE

12:02 PM

Markets check

At 12:01 pm, the Sensex was trading at 32,238, down 144 points, while the Nifty50 was ruling at 9,984, down 36 points. 

10:47 AM

Earnings impact

Reliance Capital hit 52-week high of Rs 698, up 6% on BSE in an otherwise weak market, after the company reported 15% rise in consolidated net profit at Rs 238 crore during the first quarter on back of strong growth in all business segments. READ MORE

10:33 AM

HDFC extends gains

HDFC was the top gainer and rose over 25 to Rs 1,776. The country's largest mortgage player on Thursday reported a marginal decline in consolidated net profit at Rs 2,734 crore for the first quarter ended on June 30.

10:01 AM

Markets check

At 10:00 am, the Sensex was trading at 32,201, down 181 points, while the broader Nifty50 was ruling at 9,974, down 46 points. 

9:56 AM

Earnings impact

ICICI Bank fell nearly 3% after the private lender reported 8% fall in June quarter profit to Rs 2,049 crore (YoY), in line with Street expectations. READ MORE

9:52 AM

Markets bet on surge in earnings growth

 

The combined net profit of the BSE Sensex and NSE Nifty is expected to rise around by 45 per cent in the next two years in constant currency terms, beating most other markets by a wide margin. CLICK HERE FOR THE FULL REPORT

9:46 AM

Oil update

 

Oil prices edged lower on Friday but were still near 8-week highs, buoyed by a decline in US inventories and OPEC's ongoing efforts to curb production. Brent crude futures were down 6 cents, or 0.1% at $51.43 per barrel. while US West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.1% at $48.99 per barrel.

9:44 AM

COMMENT: Morgan Stanley on RBI's Monetary Policy

 

We expect the RBI to signal a one-and-done rate cut at the August 2 meeting, in line with market expectations. However, given global central banks leaning against easy financial conditions, potential tapering announcement by ECB and balance sheet tightening by Fed as well as the RBI's focus on banking sector reforms, we position for a risk of a more hawkish-than-expected RBI.

9:39 AM

Earnings impact

ITC rose over 2% to Rs 295 on the BSE after the company reported 7.4% increase in net profit at Rs 2,560 crore in April-June 2017 quarter as against Rs 2,385 crore in year-ago period. The stock was the top gainer on Sensex. CLICK HERE FOR DETAILED EARNINGS 

9:33 AM

Stake sale by ONGC, govt key overhangs for IOC

 

The share price of Indian Oil Corporation (IOC), after scaling highs of Rs 450.65 on May 16, has continued moving down. Trading at Rs 368, it is down 18 per cent from the peak. This is despite positive developments on the business front, including implementation of daily fuel pricing that benefits oil marketing companies (OMCs) like IOC READ MORE HERE

9:33 AM

All sectoral indices but Nifty FMCG and Nifty Media were trading in red. 

Source: NSE