Evening Wrap: 2-min guide to all news the from biz world

Here are the top headlines of the day:

Comeback kid Sensex ends in green; HUL up 10%, banks falls

Equity benchmarks recouped some of previous day's losses on Wednesday with the Sensex closing near 20000 level. Short covering in many of the beaten down stocks and value buying in FMCG space helped the market, but gains were capped due to further fall in banks and metals shares.

HDFC Bank Q1 net up 30% on loan growth, shrs fall on NPA rise

India's second largest private sector HDFC Bank continued to keep the markets enthused with its magic net profit figure but this time, it was with a little nudge. The bank on Wednesday reported 30 percent year-on-year rise in its first quarter (April-June) net profit to Rs 1,844 crore, aided by a spike in the other income and robust loan growth.

Hindustan Unilever hits record high on MSCI rebalancing

Hindustan Unilever (HUL) shares surged more than 12 percent intraday to hit an all-time high of 698.95 Wednesday on MSCI and FTSE rebalancing. The float of the stock will go up to 33 percent from 24 percent in FTSE All-World Index and All Emerging Index with effect from July 22.

Sahara case: SC slams SAT for restraining Sebi  

The Supreme Court has come down heavily on the Securities Appellate Tribunal (SAT) for restraining market regulator SEBI from taking coercive action against Sahara companies for not refunding Rs 24,000 crore to investors.

Coal India plans to venture into power biz: Sources

State-run Coal India (CIL) plans to enter into power generation business, exclusive sources told CNBC-TV18.  Though the plan is at a preliminary stage, CIL may consider installing 1,200-1,500 megawatt capacity initially.

Ashok Leyland to cut FY14 investments to Rs 400cr

India's second largest commercial vehicle maker Ashok Leyland is cutting capital expenditure and other investments in the current financial year to Rs 400 crore from Rs 1500 crore in FY13, as it grapples with a sharp slowdown in sales that has dented profits.

RBI to open temporary three-day repo window for mutual funds

The Reserve Bank of India (RBI) will open a temporary three-day repo borrowing window for mutual funds to lend a total of Rs 25000 crore in order to meet their liquidity needs, according to a notification on Wednesday.

L&T wins Rs 2085 cr contract to build expressway in Oman 

Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has won a Rs 2,085 crore overseas order from Oman government for construction of Al Batinah Expressway.

By Team Moneycontrol