Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%

CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent

3:57 PM

Expert view:: Markets cautious ahead of key US inflation data

"Investors were in a cautious mode in anticipation of the release of US inflation statistics, which will set the tone for the next FED policy meeting. The US CPI inflation during July is projected to remain high, in line with June inflation levels. This, along with strong job data, will compel the FED to keep taking a tough approach to rein in high inflation levels"

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

3:56 PM

Q1 Earnings Watch on Thursday:: Apollo Hospitals, Aurobindo, Bata India, Bharat Forge

Apollo Hospitals, Aurobindo Pharma, Bata India, Bharat Forge, Greaves Cotton, Jet Airways, Sapphire Foods and Trent are some of the prominent companies scheduled to announce June quarter results tomorrow.

3:56 PM

Fine Organic hits record high on strong Q1FY23; stock ends 14.4% higher

Shares of Fine Organic Industries hit a record high at Rs 6,845 on Wednesday, and ended 14.4 per cent higher at Rs 6,665, after the company reported robust June quarter (Q1Fy23) results. The company's consolidated net profit rose over four-fold at Rs 157.28 crore in June quarter, as against Rs 34.93 crore in Q1FY22. READ MORE

3:54 PM

Sugar stocks were under selling pressure in trades on Wednesday

Shares of sugar companies were under pressure on Wednesday amid heavy volumes. Balrampur Chini Mills (BCML) and Shree Renuka Sugars shed around 6 per cent each, while Triveni Engineering and Dwarikesh Sugar were down around 4 per cent each.

3:50 PM

Tata Chemicals surges 12% on strong June quarter results

Tata Chemicals surged 12 per cent to Rs 1,072 after the company reported a strong 87 per cent YoY jump in its consolidated profit after tax at Rs 641 crore in the June quarter (Q1FY23). 

3:49 PM

AIA Engineering hits new 52-week high, soars 8%

AIA Engineering soared over 10 per cent to a high of Rs 2,650, and eventually ended 7.8 per cent higher at Rs 2,581 after the company's consolidated net profit rose 28.4 per cent YoY to Rs 191.47 crore in the quarter ended June 2022. Total income was up 41.2 per cent at Rs 1,100.33 crore. 

3:47 PM

Eveready Industries hits five-month high, gains 4.8%

Eveready Industries hit a five-month high at Rs 374.50 and was up 4.8 per cent. The stock of the batteries maker quoted at its highest level since March 3, 2022 on hopes of better business outlook. READ MORE

3:44 PM

Tech view:: Short-term trend may remain bullish

"Nifty has confirmed the resilience of the up trend by closing above the previous congestion high on the daily chart. The important moving averages are lying comfortably below the current index value confirming the uptrend again. The trend may remain bullish over the short term as long as it remains above 17350. However, the rally towards 17,750-17,800 is likely to attract selling pressure at the higher levels."

 

- Rupak De, Senior Technical Analyst at LKP Securities

3:41 PM

Sectoral Performance: Metals shine; IT, FMCG and PSU Banks slip

3:39 PM

Broader market ends on a tepid note; Smallcap50 slips 0.6%

3:37 PM

Nifty 50:: Top 5 gainers & losers on Wednesday

3:36 PM

Sensex 30 Heatmap:: 12 Gainers v/s 18 Losers

3:34 PM

NSE Nifty 50 shuts shop at 17,535, up almost 10 points

3:33 PM

Closing Bell:: S&P BSE Sensex ends 36 points lower at 58,817

3:28 PM

Hindalco posts highest ever quarterly profit in Q1 at Rs 4,119 cr, up 48%

Hindalco on Wednesday reported a 47.7% rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30, on the back of strong operational efficiencies. That beat analysts’ estimates for a profit of Rs 2,850 crore. Sales climbed 40% from a year earlier to Rs 58,020 crore. READ MORE