Sensex sinks 677pts, Nifty nears 19,500 amid global rout; all sectors bleed

CLOSING BELL on August 2, 2023: Equity markets roiled under global pressure on Wednesday after rating agency Fitch downgraded credit rating of the US

3:44 PM

BSE Midcap Heatmap:: NHPC, PEL, Zee slide up to 5%; OFSS gains 1%

3:42 PM

Nifty 50 Gainers:: Divis Lab gains 1.5%; Nestle, HUL other notable movers

3:41 PM

Nifty 50 Losers:: Hero MotoCo, Tata Steel, Tata Motors crack over 3%

3:39 PM

Broader indices fall in tandem with benchmark Nifty 50; India VIX soars 9.7%

3:36 PM

Sensex 30 Heatmap:: 4 Gainers v/s 26 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 tumbles 207 points to 19,527

3:33 PM

CLOSING BELL:: S&P BSE benchmark sheds 677 points, ends at 65,783

3:23 PM

Global Check:: US, UK stock futures down over 1%

Source: Investing.com

3:10 PM

Comment:: Gold prices react to US credit rating downgrade

"Gold prices slightly gained after the US government's credit rating was downgraded by Fitch. Usually, economic uncertainties and dollar volatility can have significant impacts on the price and demand for gold as it is considered a safe-haven asset. The rating downgrade of the world's largest economy tends investors to park their money in relatively safer assets like bullion."

 

- Hareesh V, Head of Commodities at Geojit Financial Services

3:01 PM

Fixed-income investors should opt for short, medium-term bonds: Here is why

Fixed income investors should consider short and medium-term investment grade bonds with yields above 8% in the current market environment, according to the wealth management and advisory arm of Emkay Global Financial Services. READ MORE

2:50 PM

ALERT:: Adani Wilmar posts Rs 79 cr loss in Q1; stock down 3%

Adani Wilmar reported a net loss of Rs 79 crore in Q1FY24, in comparison the company has posted a net profit of Rs 194 crore in Q1FY22. Total income declined 12.2 per cent YoY to Rs 12,928 crore from Rs 14,724 crore.

2:41 PM

ALERT:: Indian Overseas Bank Q1 net jumps 28%; stock down 3%

Indian Overseas Bank  today reported a 27.6 per cent growth in Q1FY24 net profit at Rs 500 crore when compared with Rs 392 crore in Q1FY23.

2:29 PM

ALERT:: Aditya Birla Capital Q1 net surges 51%; stock down 5%

Aditya Birla Capital Q1 consolidated net profit surged 51 per cent YoY to Rs 649 crore, backed by a 39 per cent growth in revenue at Rs 8,144 crore.

 

2:20 PM

Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt

The company said the order does not affect the existing business or the activities of the company. READ MORE

2:10 PM

ALERT:: Strides Pharma Q1 net loss narrows to Rs 9.36 cr; stock cracks 7%

Strides Pharma narrowed its Q1 net loss to Rs 9.36 crore in the quarter ended June 2023 as against a net loss of Rs 135.30 crore in the June 2022 quarter. Total income was down 1.6 per cent YoY at Rs 938.64 crore.