Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

1:52 PM

ALERT:: Ujjivan Small Finance Bank (SFB) Q1 net zooms 60%; stock up 3%

Ujjivan Small Finance Bank (SFB) Q1 net profit zoomed 59.7 per cent to Rs 324.07 crore for the quarter ended June 2023 when compared with Rs 202.94 crore in the quarter a year ago. Total income rose by 42.1 per cent YoY to Rs 1,464.10 crore.

1:42 PM

ALERT:: Symphony Q1 net dips 18%; stock down 1%

Symphony consolidated Q1 net profit dipped 18 per cent to Rs 24 crore for the quarter ended June 2023 when compared with Rs 29 crore in the quarter a year ago. Revenue from operations declined 8 per cent YoY to Rs 302 crore.

1:31 PM

Asian Market Update:: Hang Seng gains 1.4%; majority indices up 0.5%

Source: Yahoo Finance

1:29 PM

ALERT:: CG Power and Industrial Solutions Q1 net soars 54%; stock down over 1%

CG Power and Industrial Solutions Q1 net profit soared 54.4 per cent to Rs 192.06 crore for the quarter ended June 2023 when compared with Rs 124.39 crore in the quarter a year ago. Total income increased by 14 per cent YoY to Rs 1,791.91 crore.

1:10 PM

Market Check:: Sensex at day's low, down 300 points

12:58 PM

WATCH: What does demerger of hotel biz mean for ITC?

12:50 PM

Centre may begin PLI scheme for chemical, petroleum sector: FM Sitharaman

Union Finance Minister Nirmala Sitharaman stated on Thursday that the government is considering the implementation of the production-linked incentive (PLI) scheme for the chemicals and petrochemical sector. Sitharaman added that the government aims to be energy independent by 2047 and achieve net-zero by 2070 according to a report by the Economic Times. READ

12:41 PM

With above 33% attrition, pvt banks find it tough to retain junior staff

Banks in India are witnessing a rise in attrition, especially among the junior levels, The Times of India (ToI) has reported. The trend is taking root as the demand for skilled talent is overtaking the supply. The balance sheets of top private banks reveal that the attrition rates have been rising steadily for the last two years. READ

 

12:29 PM

Can the Jio-BlackRock joint venture stir the AMC pot? What analysts say

Growth expectations of incumbent AMC players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans. READ MORE

12:15 PM

ACC, Ambuja Cements face resistance from shareholders to adopt FY23 results

The resolution at Adani-owned ACC and Ambuja Cements was still passed with the support of promoters. READ MORE

11:57 AM

Stake buy: M&M may slide on failing key levels, RBL Bank sees 15% upside

Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient. READ MORE

11:45 AM

RVNL dips 7% as government to offload over 5% stake via OFS starting today

Since April, the share price of RNVL has more-than-doubled from a level of Rs 68.60 and to a record high of Rs 146.65 on Monday, July 24. READ MORE

11:33 AM

MARKET CHECK: Sensex at day's low, down 200 points

11:15 AM

Genus Power incorporates wholly-owned subsidiary Genus Mizoram SPV

11:05 AM

ALERT: Nestle June quarter (Q2) profit jumps 35% YoY to Rs 698 crore

Q2 Profit rises 35.6 per cent YoY to Rs 698.3 crore.
Revenue comes at Rs Rs 4,658.5 crore, up 15.4 per cent YoY 

Besides, the Board has approved to change the Financial Year of the Company from 1st January - 31st December to 1st April – 31st March, subject to approvals. Accordingly, the current Financial Year will be extended upto 31st March 2024 covering a period of 15 months.