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

11:26 AM

Tata Chem cuts soda ash prices by Rs 1,800/tn

11:18 AM

Redington sinks 6% amid weak June quarter results

Shares of technology solutions provider Redington tumbled 6.3 per cent to Rs 171.45 per share on the BSE in Wednesday's intra-day trade after the company posted a weak set of number for the April-June quarter (Q1) of financial year 2023-24 (FY24). READ

11:09 AM

Escorts Kubota hits new high, gains 4% on strong Q1 results

With further advancement of monsoon across the country, adequate reservoir levels, better liquidity, and consumer credit availability, the management expects the demand momentum to improve. READ

10:55 AM

ADTV for equities cash market segment hits a 21-month high in July

The average daily turnover (ADTV) for the equities cash market segment hit a 21-month high in July as the upward journey in stock prices continued. Meanwhile, the derivatives, or future and options (F&O) volumes, recorded new highs amid uptrending markets, which proved fertile ground for traders. READ

10:45 AM

MARKET CHECK: Sensex extends slide, sinks 500 pts

10:31 AM

GE Power gets LoI for contact worth of Rs 444 crore; stock surges 13%

Shares of GE Power India hit a 52-week high of Rs 181 as they surged 13 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise a weak market, after the company received a Letter of Intent (LoI) from Gujarat State Electricity Corporation for contract worth of Rs 444 crore. READ

10:15 AM

Campus Activewear tumbles 7%, dips below IPO price amid huge block deals

The stock of footwear company fell below its previous low of Rs 298.05 touched on July 27. In the process, the stock also dipped fallen its issue price of Rs 292 per share. Campus Activewear made its stock market debut on May 9, 2022. It had hit a record high of Rs 640 on October 19, 2022. READ

10:03 AM

Bikaji Foods hits 52-week high, jumps 5% as Q1 net soars 164%

The company posted a 164 per cent YoY surge in Q1FY24 net profit at Rs 41.40 crore, backed by a 15 per cent growth in revenue. READ

9:52 AM

Sanghi Ind freezes in 5% upper circuit on report Ambuja Cements eyeing majority stake

Ambuja Cements may acquire a majority stake in Sanghi Industries and the deal is expected to be done at an enterprise value of Rs 6,000 crore, as per Reuters. 

9:49 AM

Metro Brands slips 3% on weak Q1 earnings

The footwear retailer, on Tuesday, reported an 11.6 per cent year-on-year (YoY) fall in net profit at Rs 93.5 crore for Q1. In the quarter, total revenue stood at Rs 582.5 crore, up 14.7 per cent YoY. Ebitda margin shrank 400 bps to 32 per cent.

9:46 AM

PVR Inox gains 2% as company upbeat on movie line-up ahead

9:39 AM

GE Power surges 8% on bagging Rs 444 crore order

The company received a contract worth over Rs 444 crore from Gujarat State Electricity Corporation. The order will be executed within 30 months. 

9:35 AM

Redington sinks 5% as Q1 profit dips 21% YoY

The technology solutions provider has reported a 21.2 per cent YoY decline in net profit at Rs 248.8 crore for Q1FY24, while total revenue stood at Rs 21,187.2 crore, up 26.1 per cent YoY. Ebitda margin contracted to 2 per cent from 3 per cent in the corresponding period last year.

9:30 AM

Hero Moto slips as July sales drop 12% YoY

9:27 AM

All sectoral indices sit in red led by losses in Metals