Business Today

Sensex Today: Sensex closes 353 points higher, Nifty ends above 11,000; Vedanta, Tata Steel, YES Bank top gainers

14 August 2019

Sensex Today: Benchmark Indices closed higher on Wednesday, backed by strong global cues, as Trump backed off his Sept 1 deadline for 10% tariffs on remaining Chinese imports, calling off the trade war till December 15. Domestically, ease in July retail inflation also boosted investor sentiments.

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  • Sensex Today: Led by gains in metal and capital goods stocks, Sensex and Nifty partially recovered yesterday's losses and ended in the green. While Sensex closed 353 points higher at 37,311, Nifty ended the session with gain of 103 points at 11,029.
  • 16:01 PM IST

    Market breadth

    Market breadth was positive with 1319 stocks closing higher compared to 1156 ending in the red on BSE. 140 stocks closed unchanged on the index.

  • 16:01 IST: Market breadth was positive with 1319 stocks closing higher compared to 1156 ending in the red on BSE. 140 stocks closed unchanged on the index.

  • 16:00 PM IST

    Sensex losers

    Sun Pharma (4.69%), Kotak Bank (1.27%) and ONGC (1.21%) were the top losers on Sensex.

  • 16:00 IST: Sun Pharma (4.69%), Kotak Bank (1.27%) and ONGC (1.21%) were the top losers on Sensex.

  • 15:58 PM IST

    Sensex gainers

    Vedanta (4.87%), Tata Steel (4.61%) and YES Bank (4.01%) were the top Sensex gainers.

  • 15:58 IST: Vedanta (4.87%), Tata Steel (4.61%) and YES Bank (4.01%) were the top Sensex gainers.

  • 15:57 PM IST

    Market closing

    While Sensex closed 353 points higher at 37,311, Nifty ended the session with gain of 103 points at 11,029.

  • 15:57 IST: While Sensex closed 353 points higher at 37,311, Nifty ended the session with gain of 103 points at 11,029.

  • 15:25 PM IST

    Linde board approves sale of south region disinvestment business

    Linde India announced today that it has decided to sell south region investment biz to Air Water India on slump sale basis, for the transaction valued at Rs1,380 cr.

  • 15:25 IST: Linde India announced today that it has decided to sell south region investment biz to Air Water India on slump sale basis, for the transaction valued at Rs1,380 cr.

  • 15:21 PM IST

    Coffee Day to sell Bengaluru Tech Park to Blackstone

    Coffee Day announced today that the company has entered in a non-binding agreement with Blackstone to sell Bengaluru Tech Park for an transaction valued at Rs 2,600-3,000 cr. The transaction closure is expected in 30-45 days.

  • 15:21 IST: Coffee Day announced today that the company has entered in a non-binding agreement with Blackstone to sell Bengaluru Tech Park for an transaction valued at Rs 2,600-3,000 cr. The transaction closure is expected in 30-45 days.

  • 15:08 PM IST

    Sensex in green

    Of 30 Sensex stocks, 24 are trading in green.

  • 15:08 IST: Of 30 Sensex stocks, 24 are trading in green.

  • 15:07 PM IST

    Top Sensex gainers

    Tata Steel (5.11%), Vedanta (4.69%) and YES Bank (3.94%) are top Sensex gainers.

  • 15:07 IST: Tata Steel (5.11%), Vedanta (4.69%) and YES Bank (3.94%) are top Sensex gainers.

  • 14:22 PM IST

    Centre infuses Rs 1 trillion partial guarantee scheme in NBFC

    The Centre has issued guidelines on operationalising Rs 1 trillion partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs).

    NBFCs, including housing finance companies (HFCs), came under stress following series of defaults by the group companies of IL&FS in September last year.

    (PTI)

  • 14:22 IST: The Centre has issued guidelines on operationalising Rs 1 trillion partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs).

    NBFCs, including housing finance companies (HFCs), came under stress following series of defaults by the group companies of IL&FS in September last year.

    (PTI)

  • 14:06 PM IST

    ONGC trades with minor decline post results

    ONGC stock trades with minor fall, of about 2 points and trades 1.37% away from 52 low of Rs 125.70 on BSE.

    State-run Oil and Natural Gas Corporation (ONGC) on Tuesday reported a 3.9 per cent year-on-year fall in net profit at Rs 5,904 crore for the first quarter ended June 30, 2019, dented by falling oil prices and declining production.

    "The company had posted net profit of Rs 6,144 crore in the year-ago period," ONGC said in a filing to the Bombay Stock Exchange (BSE).

    ONGC's gross revenue slipped by 2.4 per cent to Rs 26,555 crore as against Rs 27,213 crore in the same quarter last year.

    On consolidated basis, net profit declined 24.4 per cent YoY to Rs 7,043 crore, while gross revenue slipped marginally by 0.8 per cent to Rs 1,09,515 crore. 

  • 14:06 IST: ONGC stock trades with minor fall, of about 2 points and trades 1.37% away from 52 low of Rs 125.70 on BSE.

    State-run Oil and Natural Gas Corporation (ONGC) on Tuesday reported a 3.9 per cent year-on-year fall in net profit at Rs 5,904 crore for the first quarter ended June 30, 2019, dented by falling oil prices and declining production.

    "The company had posted net profit of Rs 6,144 crore in the year-ago period," ONGC said in a filing to the Bombay Stock Exchange (BSE).

    ONGC's gross revenue slipped by 2.4 per cent to Rs 26,555 crore as against Rs 27,213 crore in the same quarter last year.

    On consolidated basis, net profit declined 24.4 per cent YoY to Rs 7,043 crore, while gross revenue slipped marginally by 0.8 per cent to Rs 1,09,515 crore. 

  • 14:03 PM IST

    Godrej rises in early trade, pares gains later


    Godrej Industries share price rose 5.29% with the opening bell today, although pared initial gains to tarde an intraday low of Rs 444.25, registering a decline of 2.43% on BSE.

    Diversified firm Godrej Industries has clocked 31 per cent year-on-year (YoY) growth in consolidated net profit at Rs 103 crore for the first quarter ended June 30, 2019.

    "The Mumbai-headquartered company had reported a net profit of Rs 79 crore in the June quarter of FY19 (Q1FY19)," Godrej Industries said in a filing to the Bombay Stock Exchange.

    PBIT (Profit Before Income and Tax) rose 22 per cent to Rs 471 crore as compared to Rs 386 crore in June quarter of last fiscal.

    Category wise, household insecticides sales declined 4 per cent to Rs 427 crore, dented by an extended summer and the impact of a high base. "Soaps delivered strong volume-led value growth of 3 per cent, while hair colours category was flat on the back of a high base and general slowdown," Godrej Industries said.

     

  • 14:03 IST:
    Godrej Industries share price rose 5.29% with the opening bell today, although pared initial gains to tarde an intraday low of Rs 444.25, registering a decline of 2.43% on BSE.

    Diversified firm Godrej Industries has clocked 31 per cent year-on-year (YoY) growth in consolidated net profit at Rs 103 crore for the first quarter ended June 30, 2019.

    "The Mumbai-headquartered company had reported a net profit of Rs 79 crore in the June quarter of FY19 (Q1FY19)," Godrej Industries said in a filing to the Bombay Stock Exchange.

    PBIT (Profit Before Income and Tax) rose 22 per cent to Rs 471 crore as compared to Rs 386 crore in June quarter of last fiscal.

    Category wise, household insecticides sales declined 4 per cent to Rs 427 crore, dented by an extended summer and the impact of a high base. "Soaps delivered strong volume-led value growth of 3 per cent, while hair colours category was flat on the back of a high base and general slowdown," Godrej Industries said.

     

  • 14:00 PM IST

    Sun Pharma stock dips over6% despite good earning figures

    Sun Pharma share price has fallen 6.72% to an intraday low of Rs 408.15 by the afternoon session on BSE, despite the pharma giant reporting 31% year-on-year (YoY) rise in consolidated net profit at Rs 1,387.48 crore for the first quarter ended June 30, 2019.

    The healthcare firm's net sales grew 15.69 per cent to Rs 8,259.30 crore as against Rs 7,138.83 crore in the corresponding quarter.

    "Sun Pharma is ranked No. 1 and holds approximately 8.2 per cent market share in the over Rs 132,000 crore Indian pharmaceutical market as per AIOCD AWACS June-2019 report," the drug major said in a regulatory filing.

     

  • 14:00 IST: Sun Pharma share price has fallen 6.72% to an intraday low of Rs 408.15 by the afternoon session on BSE, despite the pharma giant reporting 31% year-on-year (YoY) rise in consolidated net profit at Rs 1,387.48 crore for the first quarter ended June 30, 2019.

    The healthcare firm's net sales grew 15.69 per cent to Rs 8,259.30 crore as against Rs 7,138.83 crore in the corresponding quarter.

    "Sun Pharma is ranked No. 1 and holds approximately 8.2 per cent market share in the over Rs 132,000 crore Indian pharmaceutical market as per AIOCD AWACS June-2019 report," the drug major said in a regulatory filing.

     

  • 13:56 PM IST

    Dr. Reddy stock falls 8%

    Dr. Reddys Labs stock price today has fallen 8.05% to touch an intraday low of Rs 2,352 on BSE after bloomberg report suggested that drugmaker’s plans to launch a generic version of a female contraceptive in the U.S. hit a roadblock.

    Hyderabad-based drugmaker said it has received a Complete Response Letter from the U.S. Food and Drug Administration for its version of gNuvaRing—a vaginal ring to prevent pregnancy.

  • 13:56 IST: Dr. Reddys Labs stock price today has fallen 8.05% to touch an intraday low of Rs 2,352 on BSE after bloomberg report suggested that drugmaker’s plans to launch a generic version of a female contraceptive in the U.S. hit a roadblock.

    Hyderabad-based drugmaker said it has received a Complete Response Letter from the U.S. Food and Drug Administration for its version of gNuvaRing—a vaginal ring to prevent pregnancy.

  • 12:13 PM IST

    Global vehicle production slump hits oil demand

    Global vehicle production is falling at the fastest rate since the financial crisis - depressing manufacturing output, freight and the consumption of oil and other commodities.

    Global motor vehicle output declined last year by 1%, the first annual decrease since 2009 and only the third fall in 20 years, according to data from the International Organization of Motor Vehicle Manufacturers (OICA).

    (Reuters)


     

  • 12:13 IST: Global vehicle production is falling at the fastest rate since the financial crisis - depressing manufacturing output, freight and the consumption of oil and other commodities.

    Global motor vehicle output declined last year by 1%, the first annual decrease since 2009 and only the third fall in 20 years, according to data from the International Organization of Motor Vehicle Manufacturers (OICA).

    (Reuters)


     

  • 12:12 PM IST

    Retail inflation strengthens views of RBI rate cut in Oct

    India's retail inflation rate eased slightly in July, staying below the central bank's 4% medium-term target for a 12th straight month, strengthening views that there will be a policy rate cut in October.

    Annual retail inflation in July was 3.15%, down from an eight-month high of 3.18% in June, but below analyst forecasts, data from the Ministry of Statistics showed on Tuesday.

    Economists said the central bank could cut rates further, following subdued inflation amid growing concerns about economic slowdown.

    "Retail inflation remains subdued, with most of the components indicating not much variation compared to the earlier periods," said Joseph Thomas, research head at Emkay Wealth Management.

    (Reuters)

  • 12:12 IST: India's retail inflation rate eased slightly in July, staying below the central bank's 4% medium-term target for a 12th straight month, strengthening views that there will be a policy rate cut in October.

    Annual retail inflation in July was 3.15%, down from an eight-month high of 3.18% in June, but below analyst forecasts, data from the Ministry of Statistics showed on Tuesday.

    Economists said the central bank could cut rates further, following subdued inflation amid growing concerns about economic slowdown.

    "Retail inflation remains subdued, with most of the components indicating not much variation compared to the earlier periods," said Joseph Thomas, research head at Emkay Wealth Management.

    (Reuters)

  • 09:59 PM IST

    Argentine stock market falls 48%, peso plunges to new low




    Argentina's current leader, President Mauricio Macri was defeated by a left-wing opponent in the country's primary elections by a greater than expected margin. Following this the surprise outcome equity indices tumble almost 48% in one day.

    Argentine peso also declined, losing 15% of its value against the US dollar Monday and falling further Tuesday to a new low.
     

  • 09:59 IST:




    Argentina's current leader, President Mauricio Macri was defeated by a left-wing opponent in the country's primary elections by a greater than expected margin. Following this the surprise outcome equity indices tumble almost 48% in one day.

    Argentine peso also declined, losing 15% of its value against the US dollar Monday and falling further Tuesday to a new low.
     

  • 09:49 PM IST

    FIIs back to negative

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned bearish with net selling logged at Rs 638.28 crore from Indian equities while domestic institutional investors (DIIs) bought Rs 201.53 crore on Tuesday.

    Foreign institutional investors (FIIs) turned positive on Friday once in 29 trading sessions since July 5, the budget day, upon the news reports of FM meet with FPI investors, although no outcome has come up yet on th ematter that whether teh govt is to surcharge the FPIs or not..

     

  • 09:49 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) turned bearish with net selling logged at Rs 638.28 crore from Indian equities while domestic institutional investors (DIIs) bought Rs 201.53 crore on Tuesday.

    Foreign institutional investors (FIIs) turned positive on Friday once in 29 trading sessions since July 5, the budget day, upon the news reports of FM meet with FPI investors, although no outcome has come up yet on th ematter that whether teh govt is to surcharge the FPIs or not..

     

  • 09:41 PM IST

    Earnings today

    Grasim Industries, IDBI Bank, Wockhardt, Jindal Steel & Power, Indiabulls Real Estate, General Insurance Corporation of India, GMR Infrastructure, IDFC, HDIL, Reliance Capital, HEG, Repco Home Finance, Voltamp Transformers, Deepak Fertilizers, Indraprastha Gas, Suzlon Energy, Jain Irrigation Systems, IIFL Finance, Gateway Distriparks, Unitech, Zee Learn, Sadbhav Engineering, Prabhat Dairy are among the listed companies due to post thier first quarterly results today.

     

  • 09:41 IST: Grasim Industries, IDBI Bank, Wockhardt, Jindal Steel & Power, Indiabulls Real Estate, General Insurance Corporation of India, GMR Infrastructure, IDFC, HDIL, Reliance Capital, HEG, Repco Home Finance, Voltamp Transformers, Deepak Fertilizers, Indraprastha Gas, Suzlon Energy, Jain Irrigation Systems, IIFL Finance, Gateway Distriparks, Unitech, Zee Learn, Sadbhav Engineering, Prabhat Dairy are among the listed companies due to post thier first quarterly results today.

     

  • 09:40 PM IST

    Asian peers trade higher

    Asian markets like Nikkei and Hong Kong Index surged 1.5% each after the trade officials granted a grace period before tariffs take effect. SGX Nifty was trading up 25 pts or 0.2% on the Singapore Exchange.

     

  • 09:40 IST: Asian markets like Nikkei and Hong Kong Index surged 1.5% each after the trade officials granted a grace period before tariffs take effect. SGX Nifty was trading up 25 pts or 0.2% on the Singapore Exchange.

     

  • 09:37 PM IST

    Oil rises

    Brent Crude, the global oil benchamrk climbed 4%on Wednesday to $61/bbl, on hopes of reduce trade tension.

    Brent futures settled up $2.73 at $61.30 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.17 to settle at $57.10 a barrel.

    Prior to Tuesday’s gains, Brent had traded down more than 20% since hitting a year high in April.



     

  • 09:37 IST: Brent Crude, the global oil benchamrk climbed 4%on Wednesday to $61/bbl, on hopes of reduce trade tension.

    Brent futures settled up $2.73 at $61.30 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.17 to settle at $57.10 a barrel.

    Prior to Tuesday’s gains, Brent had traded down more than 20% since hitting a year high in April.



     

  • 09:37 PM IST

    Gold trades flat

    MCX gold futures trade flat at 37,775 rupees per 10 grams in opening session

     

  • 09:37 IST: MCX gold futures trade flat at 37,775 rupees per 10 grams in opening session

     

  • 09:36 PM IST

    Rupee spikes to 6 month high

    Indian rupee USDINR , spiked to a 6-month high above 71 by the opening at the forex market, and later traded at 70.93 against the dollar from its last close of 71.41

     

  • 09:36 IST: Indian rupee USDINR , spiked to a 6-month high above 71 by the opening at the forex market, and later traded at 70.93 against the dollar from its last close of 71.41

     

  • 09:33 PM IST

    Inflation eases


    Retail inflation, calculated on the basis of Consumer Price Index (CPI), slipped to 3.15 per cent in the month of July despite higher food prices, breaking a 5-month-long rising streak, government data released on Tuesday showed. Consumer price inflation had touched an eight-month high of 3.18 per cent in June 2019 on the back of delayed monsoon. 

  • 09:33 IST:
    Retail inflation, calculated on the basis of Consumer Price Index (CPI), slipped to 3.15 per cent in the month of July despite higher food prices, breaking a 5-month-long rising streak, government data released on Tuesday showed. Consumer price inflation had touched an eight-month high of 3.18 per cent in June 2019 on the back of delayed monsoon. 

  • 09:31 PM IST

    US delays China tariff till Dec 15

    On the Wall-Street, US Dow Jones gained nearly 2% after the Trump administration de-escalated its trade war with China. US announced delaying China tariffs until December 15 on items including cellphones & clothing, after which Dow rose more than 490 points while Nasdaq trades 2.1% higher.

     

  • 09:31 IST: On the Wall-Street, US Dow Jones gained nearly 2% after the Trump administration de-escalated its trade war with China. US announced delaying China tariffs until December 15 on items including cellphones & clothing, after which Dow rose more than 490 points while Nasdaq trades 2.1% higher.

     

  • 09:30 PM IST

    Opening Bell

    Sensex Today: Benchmark Indices opened broadly higher on Wednesday, backed by strong global cues. Currently Sensex trades 100 points higher at 37,063 and Nifty50 trades 50 points higher at 10,975 mark.

  • 09:30 IST: Sensex Today: Benchmark Indices opened broadly higher on Wednesday, backed by strong global cues. Currently Sensex trades 100 points higher at 37,063 and Nifty50 trades 50 points higher at 10,975 mark.

  • 09:27 PM IST

    Last closing

    Sensex Today: Benchmark Indices Sensex and Nifty pared all initial gains and traded broadly lower by the last hour of trading session on Tuesday, on back of weak domestic and global cues. On Tuesday Sensex ended 623 points lower at 36,958 and Nifty50 closed  183 points lower at 10,925 mark.

    Sensex Today: Sensex ends 623 points lower, Nifty at 10,925; Auto stocks decline

  • 09:27 IST: Sensex Today: Benchmark Indices Sensex and Nifty pared all initial gains and traded broadly lower by the last hour of trading session on Tuesday, on back of weak domestic and global cues. On Tuesday Sensex ended 623 points lower at 36,958 and Nifty50 closed  183 points lower at 10,925 mark.

    Sensex Today: Sensex ends 623 points lower, Nifty at 10,925; Auto stocks decline