Stock Market Highlights, August 1: Sensex rises 126 pts, Nifty holds 25,000; PSU stocks shine

Stock Market Highlights on Thursday, August 1, 2024: The day ended in favour of the bulls, with 28 out of the 50 listed companies on the Nifty50 ending higher, led by Power Grid Corporation of India

11:56 AM

Market Update :: Sensex off highs weighed by M&M, Tata Steel, Sun Pharma

11:40 AM

Relaxo falls 3% on weak Q1FY25 results; record date for dividend announced

At the operational level, earnings before interest, tax, depreciation and amortisation (Ebitda), also known as operating profit, dropped 8 per cent on Y-o-Y basis to Rs 99 crore in the June quarter of current fiscal year, from Rs 108 crore in the same quarter a year ago. READ MORE

11:27 AM

KRBL stock tanks 7% on weak June quarter show; profit more than halves

At the operational level, earnings before interest, tax, depreciation and amortisation (Ebitda), also known as operating profit, dropped 53.4 per cent on Y-o-Y basis to Rs 117.2 crore in the June quarter of current fiscal year, from 251.5 crore in the same quarter a year ago. READ MORE

11:18 AM

ALERT :: India July Manufacturing PMI At 58.1 Vs 58.5 In June

11:17 AM

Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos

Bharat Petroleum Corporation Limited (BPCL), Adani Ports, Tata Motors, Power Grid, Bharti Airtel, Shriram Finance, Bajaj Auto and Coal India have been the other gainers that moved up 38 per cent to 56 per cent during this period, ACE Equity data shows. READ MORE

11:04 AM

ALERT :: Amara Raja to tie up with Ather Energy for development and supply of lithium-ion cells

>> Amara Raja Advanced Cell Technologies Private Limited, a wholly owned subsidiary of Amara Raja Energy & Mobility Limited, will be signing a Memorandum of Understanding (MoU) with Ather Energy.

>> Amara Raja will collaborate with Ather to develop and supply NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) Lithium-Ion (Liion) and other advanced chemistry cells, produced locally at their upcoming Gigafactory in Divitipally, Telangana. 

 

10:49 AM

July Auto Sales :: Tata Motors' total PV sales slip 21% YoY

10:47 AM

July Auto Sales :: Tata Motors' sales momentum weaknes

10:34 AM

Ceigall India IPO opens today: GMP up; should you bid? Brokerage calls here

Ceigall India aims to raise Rs 1,252.66 crore from the IPO, comprising a fresh issue of 17,063,640 shares worth Rs 684.25 crore and an offer for sale of 14,174,840 shares with a face value of Rs 5 each, amounting to up to Rs 568.41 crore. READ MORE

10:21 AM

Nifty rallies from 20,000 to 25,000 in 221 sessions

The NSE Nifty 50 index scaled a high of 25,078.30, and quoted around 25,053 at 09:40 AM - up 0.4 per cent or 102 points. In comparison, its counterpart on the BSE, the S&P BSE Sensex hit a new all-time high at 82,129, and was up 0.4 per cent or 327 points at 82,062. READ MORE

10:12 AM

Sansera up 2% on inking MoU for acquisition of 55 acres of industrial land

In an exchange filing, Sansera Engineering said, “Entered into a Memorandum of Understanding with Karnataka Udyog Mitra, Directorate of Industries & Commerce, Government of Karnataka for the acquisition of 55 acres of industrial land at Harohalli, Ramanagra, Bengaluru.” READ MORE

10:02 AM

Bajaj Auto share price off morning highs; July sales up 11% YoY

>> Stock trades 0.24% up

9:46 AM

Coal India rallies over 2% after Q1 results

>> The state-owned miner's consolidated net profits grew 4.1 per cent Y-o-Y in Q1FY25 to Rs 10,959 crore.

>> The public sector utility reported a minimal 1.3 per cent Y-o-Y increase in its revenue from operations to Rs 36,464 crore during the quarter under review.

>> Coal India's net income rose 2.2 per cent to Rs 38,349.21 crore in Q1FY25, up from Rs 37,521.03 crore in Q1 FY24.

9:40 AM

Vedanta rises 2% on NSE, BSE approval for demerger

>>  Anil Agarwal-led Vedanta has received approval from BSE and NSE to split into six independent listed companies. The company will soon file an application with the Hon’ble National Company Law Tribunal to progress its pursuit of unlocking value for shareholders.

9:38 AM

Infosys slightly in red in firm market after receiving GST demand notice worth Rs 32,400 crore

>> The IT giant has received a pre-show cause notice for the payment of GST of Rs 32,403 crore from Karnataka State GST authorities for the period July 2017 to March 2022, relating to the expenses incurred by the company's overseas branch offices.