Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

9:35 AM

UTI AMX rises over 3% after Q1 PAT more-than-doubles to Rs 234 crore

The company's Q1 net profit jumped 154 per cent to Rs 234 crore. Its revenue from operations rose 60 per cent to Rs 468 crore.

9:34 AM

SBI Life slips 1.6% in a strong market post Q1 results

The company has reported a 45 per cent increase in its net profit for the quarter ended June to Rs 380 crore, thanks to 28 per cent growth in renewal premium to Rs 7,350 crore. New business premium grew 11 per cent to Rs 6,210 crore YoY in Q1, aided by an 18 per cent rise in single premium business. 

9:33 AM

Jubilant FoodWorks falls 3% as Q1 net drops 74% YoY

The standalone net profit of Jubilant Foodworks for the first quarter of the current financial year (Q1YFY24) declined 74 per cent to Rs 28.9 crore, compared to Rs 112.7 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit stood at Rs 28.5 crore.

9:31 AM

Buzzing stock :: Tata Motors DVR soars 15%; TaMo to convert them into ordinary shares

Tata Motors on Tuesday announced the termination of its differential voting rights (DVR) or A-share programme, under which, seven ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled. According to the latest share prices and swap ratio, the DVR is available at a 20 per cent discount to the ordinary shares. 

9:29 AM

Buzzing stock :: TaMo in top gear post Q1; stock hits record high of Rs 665

Tata Motors also posted a consolidated net profit of Rs 3,202 crore for Q1 of FY24, beating Street estimates, on a 42 per cent YoY jump in revenues to Rs 1.02 trillion. The company posted a net loss of Rs 5,006 crore in the corresponding quarter last year

9:28 AM

Buzzing stock :: L&T zooms 4% on Rs 10,000-cr buyback, strong Q1

L&T on Tuesday announced a buyback of up to Rs 10,000 crore. It also reported a 46.5 per cent year-on-year rise in net profit for the June quarter (Q1FY24) on the back of improved operational performance and higher other income. L&T’s order book crossed the Rs 4-trillion mark for the first time. 
 

9:26 AM

Sectoral trends :: Markets edge higher in a broad based rally

9:25 AM

Broader indices swim in green; SmallCap index outperforms

9:24 AM

Nifty Losers :: Asian Paints, Adani Ent down half a per cent

9:22 AM

UPL, Britannia additional Nifty winners

9:21 AM

HEATMAP: L&T, Tata Motors, Power Grid power Sensex upmove

9:20 AM

OPENING BELL: Nifty opens above 19,700

9:18 AM

OPENING BELL: Sensex opens 200 pts higher

9:10 AM

PRE-OPEN: Nifty sees 50 pts gain

9:07 AM

PRE-OPEN TICK: Sensex to open in green