Sensex snaps 3-day losing run, up 481 pts; Nifty holds 19,500; SBI down 3%

Closing Bell on August 4: Among sectors, the Nifty IT index added 1.45 per cent, while the Nifty PSU Bank index fell 0.86 per cent

11:55 AM

Cummins Concall :: Path to enter hydrogen segment not clear

>> Main challenge is to balance out product mix

>> One-time employee cost impact margins in Q1

>> Will stock to margin guidance for FY24

>> Comfortable with position in the market for CPCB1V+

>>  CPCB II can be producsed, sold till June 2024

>> Lot of uncetainty about transition

11:44 AM

Bajaj Auto, Hindalco: 5 stocks that you can buy now for the long-term

Bajaj-Auto, HIndalco, Dr. Reddy's Laboratories, NTPC, and IDFC First Bank may rally up to 15 per cent, show technical charts. READ MORE

11:34 AM

Madhav Infra Projects jumps 4% on securing LoA from ONGC

11:23 AM

Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days

The buying is attributed to central government's decision to restrict import of laptops, tablets, and personal computers with immediate effect in a bid to push local manufacturing. READ MORE

11:10 AM

Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr

During the month of July, Paytm catered to 93 million average monthly transacting users (MTU), up 19 per cent year-on-year (YoY). READ MORE

10:57 AM

ALERT :: IT raid at Kalpataru Projects office, says report

>> No statement from the company yet

10:45 AM

Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results

With regards to the promoters stake sale buzz, the company said it will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises. READ MORE

10:35 AM

Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?

Late investor Rakesh Jhunjhunwala-backed Concord Biotech’s (CBL) Rs 1,550 crore-initial public offer (IPO) will open for subscription today and close on August 7.  READ MORE

10:25 AM

Investors lap up technology shares; Wipro, HCL Tech rise 2% each

10:19 AM

Eicher Motors rallies 3% on record Q1 earnings

The company's net profit jumped 50 per cent YoY to Rs 918 crore, its highest-ever quarterly profit; backed by a 17 per cent growth in revenue at Rs 3,986 crore. READ MORE

10:13 AM

Dabur soars 7%, nears 52-week high as Q1 results boasts of rural recovery

According to the management, with a little negative impact from beverage portfolio, mid-single volume growth should be possible in the near term in the India business. READ MORE

10:06 AM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

Global markets are still grappling with the impact of the US rating downgrade, with spiking bond yield and strengthening dollar index. However, the pharma sector has managed to weather the storm thanks to its strong earnings outcome, while mid and small-cap stocks have outperformed the benchmark index. The domestic service PMI has surpassed market expectations, reaching a 13-year high due to a rise in new orders, particularly in international sales.

9:57 AM

Zomato surges 14% after firm tuns profitable for first-time in June quarter

Food aggregator platform company reported a consolidated profit after tax of Rs 2 crore compared to a loss of Rs 186 crore in the year-ago period. READ MORE

9:51 AM

Sterling and Wilson surges 3% on bagging orders worth Rs 826 crore

9:46 AM

KEC International secures new orders worth Rs 1,065 crore; stock up 1%