Fag-end buying lifts Sensex 214 pts; Nifty nears 17,400; IT stocks dazzle
CLOSING BELL: All sectors, except IT and Financial Services, witnessed selling pressure today, led by auto, pharma, and public sector banks
3:11 PM
BSE 500:: Stocks recovering smartly from the lows of the day
IDBI Bank has surged nearly 16 per cent from its low of the day so far. Similarly, SpiceJet, Zomato, Paytm and New India Assurance were some of the other significant movers from the lows of the day on Wednesday. VIEW MORE
3:02 PM
I-T dept likely to make PAN mandatory for cryptocurrency investors
The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. READ MORE
2:54 PM
Sensex 30 Heatmap:: IT shares firm; Auto, financials witness profit-taking
2:44 PM
Britannia Q1 revenue may rise up to 15% YoY; 2% dip in PAT seen: Analysts
Analysts, on average, expect the company to post a 2 per cent drop in core profit-after-tax (PAT) to Rs 378 crore in Q1FY23 from Rs 387 crore in the year-ago period. READ MORE
2:37 PM
Global Check:: US, UK futures hold marginal gains
Source: Investing.com
2:30 PM
BSE 500:: Volume Shockers
EPL has witnessed unusually high volume of around 23.75 lakh shares so far on the BSE as against its five-day average volume of around 17,400-odd shares. Similarly, Zomato, Alkem Lab, eClerx Services and MOIL have witnessed a significant spike in volume in trades on Wednesday. VIEW MORE
2:23 PM
Paytm Q1 preview: Net loss could narrow to Rs 646 cr on solid lending biz
India's biggest fintech player, One97 Communication-owned Paytm, is set to report its June quarter (Q1FY23) results on Friday, August 5. Analysts expect the company to narrow its net loss on a sequential basis on the back of steady loan disbursements and new device addition. READ MORE
2:17 PM
Market Check:: S&P BSE Sensex off low, down 40-odd points
2:12 PM
Rupee strength unsustainable; bet on chemicals, OMCs in near-term: Analysts
Whether the recent strength in the currency will sustain or not depends on the monetary policy trajectory of the Reserve Bank of India, foreign flows, and crude oil prices, experts said. READ MORE
2:03 PM
Vodafone Idea to target premium customer base for its 5G services
On the brink of bankruptcy until recently, Vodafone Idea (Vi) has won the 5G spectrum for Rs 18,800 crore in 17 circles. But this will not be enough for the telecommunication (telecom) operator to retain its customer base, observe analysts. READ MORE
1:57 PM
BSE 500:: Stocks falling significantly from the highs of the day
Edelweiss Financial has slumped 9 per cent from its high of the day so far. Similarly, Lemon Tree, eClerx Services, Tanla Platforms and Brightcom Group were some of the other prominent stocks to lose notable ground from the highs of the day so far on Wednesday. VIEW MORE
1:50 PM
July PMI services growth slips to 4-month low on rising inflation
The S&P Global India Services PMI decreased to 55.5 in July 2022 from 59.2 in June, and below market consensus of 58.5, pointing to the weakest expansion in the sector since March, as weaker sales growth and inflationary pressures restricted the latest upturn in business activity. READ MORE
1:46 PM
Devyani International gains 7%, hits over 6-month high on strong Q1 results
Shares of Devyani International (DIL) hit an over six-month high of Rs 188.40, gaining 7 per cent on the BSE in Wednesday’s intra-day trade after the company reported a strong performance across its core brands in the quarter ended June 2022 (Q1FY23). READ MORE
1:40 PM
Asian Markets Update:: A mixed day
Source: Yahoo Finance
1:29 PM
India's trade deficit likely to remain above $20 billion: Barclays
"While we still expect the trade deficit to hit US$265 billion, the risks are skewed towards an even larger deficit, which poses risks to our forecast for the current account deficit to widen from the present $115 billion for FY22-23," Rahul Bajoria, chief India economist at Barclays said in a note. READ MORE
Topics : Sensex MARKET LIVE MARKET WRAP Indian markets BSE NSE Nifty Market trends Q1 results Vodafone Idea InterGlobe Aviation Adani Green Energy Crude Oil Price FII flows Global Markets Buzzing stocks Midcap smallcap stocks RBI Policy Interest rate hike stocks to watch
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First Published: Aug 03 2022 | 8:08 AM IST