Exide Industries Q1 net profit at Rs 125.4 crore
Marico Q1 consolidated net profit down 5.9% at Rs 365 crore
Positive momentum from June should continue in July for auto: Emkay Global Financial Services
IOC posts 32.3% fall in Q1 net profit at Rs 5,941 crore
BSE Realty index up nearly 1 percent led by the Phoenix Mills, Godrej Properties, Sobha
V-Guard Industries reports Q1 net profit at Rs 25.5 crore
AB Fashion Q1 loss at Rs 347 crore
Sun Pharmaceutical Industries reports Q1 profit at Rs 1,444.1 crore
JSW Energy Q1 consolidated net profit down 5.7% at Rs 201.1 crore
NIIT Q1 consolidated net profit rose 77.6% at Rs 51.4 crore
Rolex Rings IPO subscribed 14.06 times on final day
Sterling and Wilson Solar to expand its renewable energy offerings
Lupin acquires Southern Cross Pharma in Australia
Nifty Pharma index up 1 percent led by the Alkem Laboratories, Cadila Healthcare, Dr Reddy's Laboratories
Exxaro Tiles IPO price band set at Rs 118-120, to raise Rs 161 crore
CONCOR share price rises 4% after Q1 profit surges 409%
Maruti Suzuki plans Rs 4,500 capex in FY22, subject to market realities
Ashoka Buildcon signs agreement to develop Grand Port Hospital; contract value at Rs 600 crore
Rolex Rings IPO subscribed 10.36 times on final day, QIB portion booked 23%
KPIT Tech rolls out stock options, double-digit hikes amid war for talent
TVS Motor share price jumps after net loss narrows to Rs 15 crore in June quarter
BSE Power index gains 1 percent led by the Power Grid, Tata Power, BHEL
Nifty Auto index up 1 percent supported by the Ashok Leyland, TVS Motor, M&M
KEC International bags new orders of Rs 1,503 crore
Gold eyes biggest weekly gain in over 2 months on Fed signal
Nifty IT index up 1 percent led by the Tech Mahindra, HCL Tech, Mindtree
Tech Mahindra share price touches 52-week high on better Q1 earnings
These companies to announce June quarter earnings today
Indian markets are likely to open in the red on the back of negative Asian cues: ICICI Direct
Asian shares down, set for worst month since March 2020
Petrol, diesel prices remain unchanged for the 13th consecutive day
Exxaro Tiles IPO to be launched on August 4
Oil falls but heads for strong weekly gain on demand growth
Dollar at lowest in a month after Fed knock; U.S. data disappoints
SGX Nifty indicates a negative start for the Indian indices
Wall St gains with upbeat earnings and forecasts
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 60,298.00 | 37.87 | +0.06% |
| Nifty 50 | 17,956.50 | 0.00 | +0.00% |
| Nifty Bank | 39,656.15 | 0.00 | +0.00% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Kotak Mahindra | 1,904.50 | 64.80 | +3.52% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| ONGC | 135.55 | -4.10 | -2.94% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 5977.15 | 54.35 | +0.92% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 30018.90 | -238.00 | -0.79% |
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Rupee Close:
Indian rupee ended 13 paise lower at 74.41 per dollar, amid volatile trade saw in the domestic equity market.
It opened marginally lower at 74.32 per dollar against previous close of 74.28 and traded in the range of 74.27-74.43.
Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments:
The index is getting nervous at higher levels and today was no different. Every time it goes closer to the 15900 level, it is facing bouts of selling pressures as a result of which it takes a U-turn and collapses. Short term and medium term supports lie at 15600 and 15400 respectively and as long as these are holding on a closing basis, the propensity of the market continues to be on the upside.
Market Close: Benchmark indices ended marginally lower on the first day of the August F&O series.
At close, the Sensex was down 66.23 points or 0.13% at 52586.84, and the Nifty was down 15.50 points or 0.10% at 15763. About 1808 shares have advanced, 1352 shares declined, and 126 shares are unchanged.
Among sectors, the pharma index added 3.6 percent, while auto index rose nearly 1 percent. However, some selling was seen in the metal and financial names.
BSE midcap and smallcap indices rose 0.5 percent each.
Sun Pharma, Tech Mahindra, Cipla, Shree Cements and Adani Ports were the top Nifty gainers. Hindalco, Bajaj Finance, SBI Life Insurance, Bajaj Finserv and SBI were among the top losers.
Exide Industries Q1 earnings:
The company has reported net profit at Rs 125.4 crore against Rs 44 crore and revenue was up 60.7% at Rs 2,486.4 crore versus Rs 1,547.6 crore, YoY.
Exide Industries was quoting at Rs 179.30, up Rs 5.00, or 2.87 percent on the BSE.
Ashis Biswas, Head of Technical Research at CapitalVia Global Research:
The market witnessed some positive movements and an attempt to hold the support level around the Nifty 50 Index level of 15800. The market is going to be crucial for the short-term scenario to sustain above the 15800. Sustaining above 15800, the market expects to gain momentum, leading to an upside projection till 15900-15950 level. Technical indicators suggest, a volatile movement in the market in a small range.
Marico Q1 results:
The company's consolidated net profit down 5.9% at Rs 365 crore versus Rs 388 crore and revenue was up 31.2% at Rs 2,525 crore versus Rs 1,925 crore, YoY.
Marico was quoting at Rs 536.20, up Rs 8.50, or 1.61 percent on the BSE.
Emkay Global Financial Services view on auto sales data:
As per a research report released by Emkay Global Financial Services, the auto sales for the month of July 2021 is likely to be strong.
Emkay Global Financial Services expects a sequential improvement in volumes across segments, barring tractors due to seasonal factors. It has retained a positive view on the auto sector with Tata Motors (TP: Rs 400), Ashok Leyland (TP: Rs 155), Maruti Suzuki (TP: Rs 9,000) and Eicher Motors (TP: Rs 3,180) as their top picks. In Ancillaries, their preference is like Motherson Sumi (TP: Rs 325) and Apollo Tyres (TP: Rs 290).
Indian Oil Corporation Q1 earnings:
Indian Oil Corporation (IOC) has posted 32.3 percent fall in its Q1 net profit at Rs 5,941 crore versus Rs 8,781.3 crore and revenue was down 4.1% at Rs 1.18 lakh crore versus Rs 1.24 lakh crore, QoQ.
Indian Oil Corporation was quoting at Rs 103.80, down Rs 0.10, or 0.10 percent on the BSE.
Market at 3 PM
Benchmark indices erased all the intraday gains and trading lower amid volatility.
The Sensex was down 33.45 points or 0.06% at 52619.62, and the Nifty was down 7 points or 0.04% at 15771.50. About 1682 shares have advanced, 1279 shares declined, and 104 shares are unchanged.
Sun Pharma, Tech Mahindra, Cipla, HCL Technologies and Adani Ports were among major gainers on the Nifty, while losers included SBI Life Insurance, Bajaj Finance, Hindalco, SBI and Bajaj Finserv.
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