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

12:00 PM

Q1FY24 earnings :: VBL's profit up 26% YoY to Rs 994 crore

>> Revenue rises 13.6% to Rs 5,699.7 crore vs Rs 5,017.5 crore YoY

 

>> Ebitda up 21% YoY at Rs 1,510.9 crore

 

>> Margin at 26.5% vs 25% YoY
 

11:47 AM

ALERT :: FDC board to consider share buyback on August 9

11:37 AM

ALERT :: Govt imposes restrictions on import of laptops, tablets, computers, says DGFT

11:30 AM

Zydus Lifesciences rallies 3% on USFDA's nod to arthritis drug

11:20 AM

Mid-, smallcaps rise up to 0.3%, outrun benchmark indices

11:11 AM

July Services PMI rises most rise since June 2010 on robust global demand

According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances. READ MORE

11:00 AM

Fitch downgrades US' rating: How soon can the markets recover?

Global equity markets continued to feel the heat of Fitch Ratings’ downgrade of long-term foreign currency issuer default rating for the US to AA+ from AAA for the second consecutive day.

 

Most Asian markets, such as in Hong Kong, Shanghai and Japan lost up to 1 per cent in trade on Thursday. Back home, the S&P BSE Sensex and the Nifty50 also traded weak with a cut of around 0.3 per cent in intra-day deals. READ

10:48 AM

RBI intervention to keep rupee in tight range, analysts say: Poll

The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. READ

10:39 AM

Titan dips nearly 3% on disappointing Q1 operational performance

Shares of Titan Company dipped nearly 3 per cent to Rs 2,901 on the BSE in Thursday’s intra-day trade after the company reported a weak operational performance with consolidated earnings before interest and tax (EBIT) contracting by 242 bps to 10.0 per cent in June quarter (Q1FY24). In comparison, the S&P BSE Sensex was down 0.27 per cent at 65,606 at 10:11 AM. READ

10:31 AM

Gold needs to clear this hurdle for sentiment revival, shows chart

The downgrade of the US credit rating by Fitch has brought the focus back on investments in safe-haven assets such as Gold. The Fitch on Tuesday downgraded the US credit rating by a notch to 'AA+' from 'AAA'.

 

Analysts say that the rating downgrade, reflects heightened concerns over the stability of global financial markets and hence investors may seek refuge in gold. READ

10:22 AM

New era of Indian equity outperformance is dawning: Morgan Stanley

A new era of Indian equity market performance versus China is dawning, according to Morgan Stanley, which has upgraded India to overweight in its Asia Pacific-ex Japan (APxJ) list, and is now their most preferred market in not only in this region, but also in the global emerging market (GEM) pack. READ

10:13 AM

Vedanta slips 9%, nears 52-week low on huge block deals

As per media reports, Twin Star Holdings, Anil Agarwal-owned promoter entity, is selling a 4.3 per cent stake in its India-listed subsidiary, Vedanta, to raise up to $500 million to repay debt of parent company Vedanta Resources. READ

10:00 AM

Ambuja Cements gains 1% on acquisition of Sanghi Industries for Rs 5,000 cr

Shares of Ambuja Cements (ACL) were firm in Thursday's intra-day trade, gaining 1 per cent to Rs 466.4 per share, after the company announced acquisition of Sanghi Industries (SIL) at an enterprise value of Rs 5,000 crore. READ

9:53 AM

IRFC surges 9%; to release Q1 results on August 11

9:51 AM

Sun Pharma surges 2.7% ahead of Q1 earnings