Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700

CLOSING BELL: Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent

10:23 AM

Fineotex Chemicals extends rally on strong Q1 results; zooms 72% in 2 mths

In Q1FY23, Fineotex Chemicals reported 167 per cent YoY growth in EBITDA at Rs 26.20 crore, while margin expanded 381 bps YoY to 19.3 per cent. Read here

10:10 AM

COMMENT | Investors need caution as valuations now getting stretched

The ongoing market rally is being driven mainly by two factors: One, the steady decline in dollar index from above 109 to 105.26 now facilitating capital flows to emerging markets.

Two, the return of FIIs into the Indian market, which has completely changed the market sentiments here. It is important to appreciate the fact that FIIs have made a complete turnaround in their strategy in India with sustained buying over the last 10 sessions.

And yesterday's buy figure of Rs 2298 cr is the highest in several months. This, and the fact that India has the best growth story for this year and the next, will impart resilience to the market.

 

However, investors should exercise caution while chasing this rally since valuations are getting stretched.

 

Remain invested in high quality growth stocks; don't chase 'cats and dogs'

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

10:01 AM

MRPL rallies in weak market as oil prices near $100/bbl again

 

9:57 AM

Ipca Labs sinks over 8% on reporting 53% YoY slide in Q1 net profit

 

9:51 AM

Aster DM tanks 8% on weak Q1 nos from March quarter

The company reported a 70% QoQ decline in profit to Rs 68.5 crore in the quarter ended June FY23

 

9:48 AM

Garden Reach surges 2% on posting 144% YoY rise in Q1 net profit

 

9:46 AM

Sterling and Wilson drops 3.6%; Promoter to sell 1.25% stake via OFS

Promoter Shapoorji Pallonji and Company is going to sell up to 23.7 lakh shares or 1.25% stake via offer for sale on August 12 and August 16. The floor price of the offer will be Rs 270 per share.

 

9:43 AM

Phoenix Mills reports Rs 719 cr profit in Q1 vs loss last yr; stock up 6%

 

9:40 AM

Apollo Hospitals sheds 2%; Q1 net profit declines 35% YoY

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9:30 AM

SECTORS | IT, Pharma suffer most losses; Realty, Metals upbeat

 

9:28 AM

BROADER MARKETS | Small-caps, mid-caps defy trend

 

9:25 AM

NIFTY LOSERS | Apollo Hospitals leads decline on weak Q1 nos

 

9:24 AM

NIFTY GAINERS | ONGC, SBI, Eicher Motors top index winners

 

9:21 AM

SENSEX HEATMAP | Only 10 of 30 stocks hold gains

 

9:19 AM

OPENING BELL | Nifty opens unchanged