Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

12:55 PM

ALERT: HDFC Bank reports 30% YoY rise in Q1 profit

Q1 standallone net profit comes at Rs 11, 952 crore vs Rs 9,196 crore a year ago
HDFC Bank asset quality declines in Q1 as net NPA rises over 9 per cent QoQ to Rs 4,776.9 crore
Gross NPA ratio at 1.17 per cent from 1.12 per cent in last quarter, down from 1.28 per cent a year ago
Net NPA ration at 0.30 per cent, up from 0.27 per cent in Q4. It is down from 0.35 per cent a year ago

12:41 PM

IPO update: Netweb Tech offer subscribed 0.85 times so far

12:29 PM

Gold, silver prices unchanged; yellow metal trading at Rs 60,000 per 10g

Gold prices remained unchanged in Monday's early trade, with ten grams of 24-carat gold trading at Rs 60,000, according to the GoodReturns website. Silver prices also remained unchanged with 1 kg of the precious metal selling at Rs 77,500. READ

12:12 PM

Test results: More than Rs 1 trillion AUM of debt mutual funds under stress

A stress testing analysis was conducted by all asset management companies for March 2023, and the analysis revealed that 14 mutual funds were under stress, The Hindu Businessline (BL) has reported. Of the total AUM of Rs 10.95 trillion that was tested, Rs 1.08 trillion worth of assets were found to be stressed, the study revealed. READ

12:03 PM

Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore

Automobile manufacturer Ashok Leyland bagged orders valued at Rs 800 crore in the defence sector, the company informed in a BSE filing. The contracts awarded include the procurement of the Field Artillery Tractor (FAT 4X4) and the Gun Towing Vehicle (GTV 6X6). READ

11:52 AM

Route Mobile promoters to sell entire 57.56% stake to Proximus Group

The promoters of Route Mobile will sell their entire 57.56 per cent stake in the company to Proximus Opal SA and Proximus SA for Rs 5,922 crore. In a regulatory filing, the company said that the promoters will sell 3.64 crore shares at Rs 1,626.4 apiece. READ

 

11:41 AM

Oil, petrol sales of state retailers decline in July amid heavy rains

Indian state fuel retailers' gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. READ

11:29 AM

Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023

Shares of Lloyds Metals and Energy hit a new high of Rs 582.70, surging 7 per cent on making its debut on the National Stock Exchange (NSE) in Monday’s intra-day trade. On the BSE, the stock hit a high of Rs 583.85 in intra-day trade today. READ

11:16 AM

Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report

The aggregate wage bill of the listed private corporates expanded by 17 per cent to hit Rs 11.5 trillion in fiscal 2022-23 (FY23) driven by non-bank finance companies (NBFC), private bank, information technology (IT), consumer discretionary, industrial and auto sectors, suggests a recent report by ICICI Securities. READ

11:07 AM

Macro uncertainties may keep IT hiring in slow lane this fiscal year

India’s information technology (IT) sector will witness subdued hiring in 2023-24 as macro uncertainties impact demand environment, with clients either taking a pause on spend or stopping discretionary spend, say human resource experts. READ

10:55 AM

Ola Electric founder Bhavish advances plan for IPO as e-scooters take off

Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. READ

10:44 AM

Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said. READ

10:35 AM

Lupin gains after USFDA gives nod to market generic medication in US

10:23 AM

Nifty Media index extends rally, rises over 2%

10:14 AM

Nifty IT rises over 1%, led by Mphasis, LTIMindtree, Wipro