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.

9:04 AM

CURRENCY ALERT: Rupee opens 2 paise weaker at 81.89/$

9:00 AM

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

Tata Motors/ Tata Motors DVR: The automaker 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

CEAT: The tyre manufacturer has posted over a 15-fold increase in consolidated net profit during the first quarter of the financial year 2023-24 to Rs 144 crore as compared to Rs 8.68 crore during the same period last financial year.

 

UTI AMC: 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. READ

8:48 AM

Tata Motors rides on JLR to see 42% surge in revenue; posts Rs 3,200 cr net

Automotive giant Tata Motors posted a consolidated net profit of Rs 3,202 crore in the first quarter (Q1) of 2023-24 (FY24), beating Street estimates, riding on a 42 per cent year-on-year (YoY) jump in revenues to Rs 1.02 trillion. READ MORE

8:44 AM

L&T gets board nod for Rs 10K cr share buyback; Q1 profit surges 46.5% YoY

L&T's order book crossed the Rs 4-trillion mark for the first time. READ MORE

8:40 AM

CEAT Q1 net profit increases 15-fold on dip in raw material prices

During the Q1 of FY24, the company's total income was also seen up by 4 per cent to Rs 2,938 crore against Rs 2,821 crore during the Q1 of FY23. READ MORE

8:35 AM

FIIs bought equities worth Rs 1,089 crore on Wednesday, July 26

8:31 AM

WATCH VIDEO | Can the rally in auto stocks run out of fuel soon?

8:25 AM

Tata Steel expects lower steel prices in July-September quarter: CEO

The company, backed by India's Tata Group, sees Indian steel industry prices in line with prices globally and not impacted by aggressive imports, Narendran said. READ MORE

8:20 AM

Nifty FMCG looks weak; Metal index likely to face resistance above 6,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index has near support at 51,750, below which the index can slide to 50,990. READ MORE

8:15 AM

Buy Bank of India, Bank of Maharashtra recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term. READ MORE

8:08 AM

Gift Nifty signals a quiet start to Wednesday's trade

8:04 AM

AI's promise on tech set for test with Microsoft, Alphabet Earnings

Bets that artificial intelligence will revolutionise Corporate America and deliver riches to the biggest companies behind it will get a test Tuesday, as Microsoft Corp. and Alphabet Inc. READ MORE

7:55 AM

Walmart shares seen gaining 30% in next year after $100 bn rally: Report

Walmart is expected to report fiscal second-quarter results before the market opens August 17. READ MORE

7:50 AM

Russian President Vladimir Putin plans to visit China in October: Kremlin

Putin also plans to travel to Turkiye at some point to fulfil a promise to Turkish President Recep Tayyip Erdogan, although the dates for that visit have not been decided yet, Yuri Ushakov. READ MORE

7:45 AM

Bitcoin continues to remain below $30,000-mark ahead of Fed rate stance