Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide

Closing Bell on July 31: NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers

3:49 PM

Sectorwise Performance: IT, Metals surge around 1.5%; FMCG slips over 0.5%

3:47 PM

BSE Smallcap Heatmap:: Lloyds Steel, Wendt zoom up to 20%; Bajaj Hindustan tumbles 11%

3:45 PM

BSE Midcap Heatmap:: IRFC zooms 9%; Adani Power, Ajanta Pharma, Supreme Industries up 5%; PEL sheds 5%

3:42 PM

Broader indices outperform; MidCaps, SmallCaps rally over 1%; India VIX rises 2.7%

3:40 PM

Nifty 50 Losers:: Apollo Hospitals sheds 3%; Britannia, HDFC Life 2%

3:39 PM

Nifty 50 Gainers:: NTPC, PowerGrid, ONGC soar over 3%; IT shares shine

3:37 PM

Sensex 30 Heatmap:: 23 Gainers v/s 7 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 rallies 108 points to 19,754

3:33 PM

CLOSING BELL:: S&P BSE benchmark endsd 367 points higher at 66,528

3:23 PM

ALERT :: LIC Mutual Fund completes takeover IDBI Mutual Fund schemes

>> The effective date of merger has July 29, 2023.

>> LIC MF had an AUM of Rs 18,400 Crores and IDBI MF had Rs 3,650 Crores as of June 30, 2023.

>> After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on standalone basis, which will take its total scheme count to 38.

>> With this merger, investors invested in IDBI MF schemes will get access to LICMF’s diversified basket of product offerings covering Equity, Debt, Hybrid, Solution oriented themes, ETF and Index funds.

3:23 PM

ALERT:: Adani Transmission reports Rs 301 cr profit in Q1; stock up 1%

Adani Transmission reported a net profit of Rs 300.86 crore for the quarter ended June 2023. Last year same month, the company had posted a net loss of Rs 16.96 crore. Total income soared 68.9 21.2 per cent YoY to Rs 439.64 crore.

3:17 PM

Airtel prepays Rs 8,024 crore dues for spectrum to telecom department

The move is expected to help India's second-largest telco save on interest costs annually and improve cash flows. READ MORE

3:10 PM

ALERT:: Dhanlaxmi Bank reports turnaround in Q1; stock soars 8%

Dhanlaxmi Bank reported a net profit of Rs 28.30 crore for the quarter ended June 2023. Wheras, the bank had posted a net loss of Rs 26.43 crore in June 2022 quarter. Total income surged by 44.2 per cent YoY to Rs 341.40 crore.

2:59 PM

ALERT:: Nocil Q1 net drops 49%; stock gains 3%

Nocil Q1 net profit dropped 48.8 per cent to Rs 33.58 crore for the quarter ended June 2023 when compared with Rs 65.63 crore in the corresponding quarter a year ago. Total income declined by 21.2 per cent YoY to Rs 401.42 crore.

2:51 PM

BSE SmallCap index hits fresh high; eyes 35,000 after surging 28% in FY24

Around 40 stocks on the BSE SmallCap index scaled new record highs, including The Anup Engineering, Bector Food, Cholamandalam Fin, CMS Info, CreditAccess Grameen, RPG Life, Escorts, Inox Green. READ MORE