Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall

CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.

3:36 PM

Nifty Gainers :: HCL Tech rallies on order win, Power Grid up 1%

3:35 PM

Sensex Heatmap :: 23 of 30 index stocks sink; IndusInd Bank, NTPC worst hit

3:33 PM

CLOSING BELL :: Nifty ends below 19,450

3:32 PM

CLOSING BELL :: Sensex extends slide into second day, down over 350 pts

3:23 PM

AGM, Q1FY24 results: What will help ITC stock breakout from consolidation?

ITC shares have corrected 10 per cent from their record high level of Rs 499.6, hit on July 24, 2023, as investors booked profit post the hotel business' demerger announcement. READ MORE

3:15 PM

Alkem Labs sinks 9% in 2 days; FY24 India sales to miss double-digit growth

Alkem Labs reduced its India business revenue growth forecast to "high single-digit" from low double digits for FY24; BofA sees a downside of 15% to Rs 3,500 for the stock. READ MORE

3:06 PM

ALERT :: Coffee Day Enterprises in focus

3:05 PM

RBI's incremental CRR move a surprise, policy signal: Standard Chartered

The RBI asked banks to hold incremental CRR of 10% on an increase in deposits between May 19 and July 28 in Thursday's monetary policy decision, when it expectedly kept its key policy rate unchanged. READ MORE

2:57 PM

ALERT:: Dredging Corporation reports Q1 turnaround; stock surges 4%

Dredging Corporation of India posted a net profit of Rs 15.15 crore for the quarter ended June 2023 as against a net loss of Rs 14.18 crore in the corresponding quarter a year ago. Total income, howver, declined 39.2 per cent YoY to Rs 205.19 crore.

2:49 PM

PSU Bank index up 2% in weak market; IOB, UCO, Central Bank rally upto 15%

The Nifty PSU Bank index hit an intra-day high of 4,516.75, trading close to its record high level of 4,647.95 touched on July 27. READ MORE

2:38 PM

ALERT:: BEML Q1 net loss narrows to Rs 74.64 cr; stock dips 2%

BEML Q1 standalone net loss narrowed to Rs 74.64 crore for the quarter ended June 2023 when compared with a loss of Rs 82.33 crore in the corresponding quarter a year ago. Total income declined by 13.6 per cent YoY to Rs 578.37 crore.

2:27 PM

ALERT:: Apollo Hospitals Q1 net dips 36%; stock flat

Apollo Hospitals Q1 standalone net profit declined 35.7 per cent to Rs 214.10 crore for the quarter ended June 2023 when compared with Rs 333.10 crore in the corresponding quarter a year ago. Total income, however, grew 10.8 per cent YoY to Rs 1,706.20 crore.

2:15 PM

ALERT:: Kalpataru Projects Q1 net up 28%; stock trades flat

Kalpataru Projects International Q1 standalone net profit rose 28.4 per cent to Rs 113 crore for the quarter ended June 2023 when compared with Rs 88 crore in the corresponding quarter a year ago. Total income was up 15.4 per cent YoY at Rs 4,259 crore.

2:05 PM

Domino effect: India rice export ban puts market on edge for similar curbs

Thailand, Vietnam and Pakistan, world's second, third and fourth biggest exporters, respectively, have said they are keen to boost sales since demand for their crops has been rising after India's ban. READ MORE

1:55 PM

ALERT:: Info Edge Q1 net rises 35%; stock slips 1%

Info Edge Q1 standalone net profit surged 34.7 per cent to Rs 199.90 crore for the quarter ended June 2023 when compared with Rs 148.43 crore in the corresponding quarter a year ago. Total income was up 16.8 per cent YoY at Rs 642.09 crore.