Sensex slips 542 pts, Nifty holds 19,350; Vedanta sinks 7%, Adani Ent up 2%

Closing Bell on August 3: 39 of the 50 Nifty stocks ended in the negative zone led by Titan, Bajaj Finserv, ONGC, ICICI Bank, Nestle India, Ultratech Cement

2:17 PM

ALERT:: Sun Pharma Q1 net slips 2%; stock off day's high

Sun Pharma Q1 consolidated net profit declined 1.9 per cent to Rs 2,022.54 crore for the quarter ended June 2023 as against Rs 2,060.88 crore in the year ago quarter. Total income, however, was up 12.8 per cent YoY at Rs 12,145.28 crore.

2:09 PM

ALERT:: Avadh Sugar Q1 net rises 13%; stock erases gain

Avadh Sugar & Energy Q1 net profit rose by 12.6 per cent to Rs 22.17 crore for the quarter ended June 2023 as against Rs 19.69 crore in the year ago quarter. Total income, however, was down 0.9 per cent YoY at Rs 682.331 crore.

1:59 PM

Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023

The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23). READ MORE

1:49 PM

ALERT:: India's 10-year bond surges to 7.2%; Re weakens to 82.77/$

India's 10-year bond surges, hits 7.2 per cent highest level since April 20.  Dollar index hits 102.70.

1:40 PM

ALERT:: ICRA Q1 net soars 88%; stock trades flat

ICRA Q1 net consolidated net profit surged by 88 per cent to Rs 40.60 crore in the quarter ended June 2023 as against Rs 21.60 crore in the year ago quarter. Total income was up 11 per cent YoY at Rs 102.70 crore.

 

1:29 PM

ALERT:: MRF Q1 net jumps 5-fold; stock up 2%

MRF today reported a sharp 417.5 per cent surge in Q1 net profit at Rs 581.45 crore for the quarter ended June 2023 as against Rs 112.36 crore in the year ago quarter. Total income was up 13.6 per cent YoY at Rs 6,397.16 crore.

1:19 PM

Asian Market Update:: Nikkei, Taiwan plunge over 1.5% in subdued trade

Source: Yahoo Finance

1:09 PM

SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why

The net profit estimates for Q1FY24 range from Rs 13,760 crore to Rs 16,340 crore, slipping anywhere between 2 per cent and 17.5 per cent quarter-on-quarter (QoQ). PAT was Rs 16,694.5 crore in the March quarter of FY23 (Q4FY23). READ MORE

1:00 PM

ALERT :: Temasek to invest Rs 1,200 crore in Mahindra Electric

>> Deal values Mahindra Electric Automobile Limited (MEAL) up to Rs 80,580 crore

12:50 PM

These bull riders have dipped below 200-SMA as markets tumble

Both the key indices, BSE Sensex and Nifty 50 are up 7 per cent since the start of this year. Several stocks have rallied during that course, additing to the optimistic sentiment. Now, selective stocks have been experiencing weakened strength and lag behind the current bull-run. READ MORE

12:44 PM

UPL slips 5%, hits over 2-year low on weak June quarter results

The stock of pesticides & agrochemicals company was trading at its lowest level since March 2021. Thus far in the calendar year 2023, it has underperformed the market by falling 17 per cent, as compared to 7.3 per cent rally in the S&P BSE Sensex. READ MORE

12:34 PM

Market Check :: Sensex at day's low

12:29 PM

Q1FY24 earnings :: Zydus Wellness reports 19.4% YoY dip in net profit at Rs 110.4 crore

>> Revenue up 0.9% at Rs 702 crore

>> Ebitda down 21% at Rs 116 crore

>> Ebitda margin contracts to 16.5% vs 21.1%
 

12:19 PM

IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said READ MORE

12:11 PM

ALERT :: LT Foods' organic arm sets up facility in Uganda

>> Nature Bio Foods has expanded its manufacturing base by setting up a new facility in Uganda.

>> The rationale for setting up this facility is to derisk / diversify the origin of its products as well as diversify the product portfolio which is aligned with the strategic road map of the company.