Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%

CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance

9:21 AM

Nifty winners: BPCL, HUL, Asian Paints top index gainers

 

9:20 AM

Sensex Heatmap: Only 8 of 30 stocks open in green; ITC leads

 

9:19 AM

Opening Bell: Nifty sheds 64 points to open below 17,300

 

9:17 AM

Opening Bell: Sensex opens 180 points lower

 

9:12 AM

Pre-open session: ONGC, Hindalco likely to open weak

 

9:09 AM

Pre-open session: ITC, Bharti Airtel heading for firm start

 

9:07 AM

Pre-open session: Nifty suffers minor cut

 

9:06 AM

Pre-open session: Sensex nearly flat

 

9:04 AM

CURRENCY ALERT | Rupee strengthens by 7 paise; opens below 79/$

Rupee opens at 78.96/$

9:00 AM

Stocks to Watch today: ITC, Zomato, Eicher Motors, Hero Moto, Voltas, Telcos

Zomato: Food aggregator Zomato reported a consolidated loss of Rs 186 crore in the first quarter of 2022-23. Its losses eased on both year-on-year (YoY) and sequential bases. The company’s consolidated loss was Rs 359 crore in Q1FY22 and Rs 359.7 crore in Q4FY22. 

 

ITC: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore, amid growth across segments. In the year-ago period, profit was Rs 3,276.48 crore. Net sales came in at Rs 18,353 crore, up 39.2 per cent YoY and well ahead of expectations. 

 

Telecom stocks: After seven days of bidding through 40 rounds, 5G spectrum auction has generated revenues of over Rs 1.5 trillion (Rs 150,173 crore to be precise). Reliance Jio was top of the charts, forking out more than double of Bharti Airtel at Rs 88,078 crore for 24,740 MHz of spectrum. But that includes the crucial 700 MHz band (considered key for 5G because of its coverage) apart from 1800 and the 5G bands of 3.3 GHz as well as 26 GHz. Read it here

8:56 AM

RBI to raise rates in August but no consensus on size of hike: Report

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move. Read here

8:53 AM

ALERT | SpiceJet clears all dues to AAI; operator to release bank guarantee of Rs 50 cr

<< AAI will release SpiceJet’s Rs 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline, it said.

8:50 AM

DIIs sell shares worth Rs 822 crore Monday

 

8:47 AM

FIIs buy Rs 2,321 crore of shares Monday

 

8:44 AM

Rupee appreciates 24 paise Monday to close at 79.03/$

source: bloomberg