Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
1:57 PM
85% taxpayers opt for old regime, 55% fully utilise 80C benefit: survey
Among the available tax deductions, 50% of users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions. READ MORE
1:47 PM
We bet on private capex to grow corporate credit, says SBI chairman
State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said. READ MORE
1:36 PM
ALERT:: The Ramco Cements Q1 net slips 30%; stock dips 3%
The Ramco Cements Q1 net profit slipped 29.7 per cent to Rs 78.91 crore for the quarter ended June 2023 as against Rs 112.27 crore in the corresponding quarter a year ago. Total income, however, grew 26.4 per cent YoY to Rs 2,248.98 crore.
1:25 PM
ALERT:: Alkyl Amines Chemicals Q1 net dips 39%; stock declines 2%
Alkyl Amines Chemicals Q1 net profit dipped 39.2 per cent to Rs 49.77 crore for the quarter ended June 2023 when compared with Rs 81.80 crore in the corresponding quarter a year ago. Total income decreased by 13 per cent YoY to Rs 415.27 crore.
1:19 PM
Asian Market Update:: Shanghai, Kospi down notably in mixed trade
Source: Yahoo Finance
1:08 PM
Burger King's India operator posts wider Q1 loss on back of higher costs
The restaurant chain's consolidated net loss widened to Rs 50.48 crore ($6.1 million) for the quarter ended June 30, from Rs 47.5 crore a year ago, according to an exchange filing. READ MORE
12:56 PM
MARKET CHECK | Sensex hovers around day's high, up 200 points
12:46 PM
Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA
Month-on-month, sales down for all vehicle categories, except three-wheelers, mainly due to rains. READ MORE
12:36 PM
Pharma stocks upbeat: Sanofi, Aurobindo Pharma rise up to 5%
12:19 PM
Aurobindo Pharma hits 2-year high; stock zooms 100% thus far in 2023
Aurobindo said its subsidiary Eugia has received a final approval from the USFDA to manufacture and market Vancomycin Hydrochloride for Injection used in treatment of skin and bone infection. READ MORE
12:09 PM
Bears may tighten grip on OMC stocks as Crude Oil trades at 6-week high
OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias. READ MORE
11:55 AM
Adani Green tanks 12% after nearly 3% equity change hands via block deal
Shares of Adani Green Energy (AGEL) tanked 12 per cent to Rs 886.25 on the BSE in Monday’s intra-day trade after over 40 million equity shares of the power generation company changed hands via block deal. READ
11:44 AM
Britannia Industries slips 3% as Q1FY24 results misses Street estimates
Shares of Britannia Industries slipped 3.5 per cent to Rs 4,630 per share in Monday's intra-day trade, after the company's June quarter results (Q1FY24) came below Street estimates.
The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively. The company's volume growth, too, was flat as compared to estimates of 4-5 per cent. READ
11:33 AM
SoftBank likely to turn profitable after $48 bn in vision fund losses
SoftBank Group Corp.’s Vision Fund is likely to return to profitability after five quarters of losses, thanks to an artificial-intelligence-fueled rebound that’s lifting startup valuations.
The Japanese conglomerate is fighting to regain its footing after losing ¥6.9 trillion ($48 billion) at the Vision Fund investment unit in the last two fiscal years. Analysts expect a modest profit at the fund for the three months ended June, while SoftBank as a whole will likely report a profit of around ¥73 billion on Tuesday, according to the average of analyst estimates. READ
11:10 AM
Telecom infra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
Shares of telecom infrastructure companies were in focus as they rallied up to 20 per cent on the BSE in Monday’s intra-day trade after the Union Cabinet approved an allotment of around Rs 1.3 trillion for the next phase of BharatNet. READ
Topics : Sensex Stock Market MARKET LIVE MARKET WRAP Q1 results Markets Sensex Nifty India Inc earnings corporate earnings Crude Oil Price Oil price rise sbi Bank of Baroda Global Markets Gift Nifty Trading strategies Market news Market Outlook Nifty 50
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First Published: Aug 07 2023 | 7:46 AM IST