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Closing Bell: Sensex, Nifty end flat, media, metal stocks rise, Adani Ports dips over 6%

Closing Bell: Sensex, Nifty end flat, media, metal stocks rise, Adani Ports dips over 6%

Closing Bell: Sensex, Nifty end flat, media, metal stocks rise, Adani Ports dips over 6%
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Summary

Equity markets ended sharply lower from the day's high on Tuesday on profit-booking across sectors, particularly banks and heavyweight stocks such as Reliance Industries and TCS. The Sensex ended 26 points lower, or 0.07 percent, to 37,665.80, while the Nifty 50 settled up by 0.02 percent, or 2.35 points, to 11,389.45. The BSE Sensex and the NSE Nifty 50 turned negative after hitting yet another record high in the opening trade on Tuesday. The Sensex jumped 158 points to 37,849, rising by 0.42 percent, while the Nifty opened above the 11,400 mark, at 11,423, rising by 0.32 percent, or 36 points. Adani Ports dipped over 6 percent on poor Q1 results. The Sensex had closed higher by 135.73 points to 37,691.89 on Monday, while the Nifty 50 rose 26.30 points to 11,387.10. Here are the main higlights from the markets today:

Live Updates

Sensex gainers and losers at close##Sensex gainers and losers at close

Closing Bell: Sensex, Nifty end flat, media, metal stocks rise, Adani Ports dips over 6%
Aug 7, 2018 3:58 PM

Closing Bell: Sensex, Nifty end flat in choppy trade##Closing Bell: Sensex, Nifty end flat in choppy trade

Equity markets ended sharply lower from the day's high on Tuesday on profit-booking across sectors, particularly banks and heavyweight stocks such as Reliance Industries and TCS. The Sensex ended 26 points lower, or 0.07 percent, to 37,665.80, while the Nifty 50 clsoed up by 0.02 percent, or 2.35 points, to 11,389.45. In fact, the 30-share gauge had slipped over 200 points from the day's high. While the Nifty slipped off from opening highs, it still ended at all-time high. Midcaps indexes underperformed and were down by nearly 0.3 percent. HDFC Bank and Yes Bank pulled Nifty Bank, but SBI and later after Q1 results, PNB dragged the index lower. Adani Ports emerged as the top loser dipping over 6 percent. PNB posted biggest single day fall in three months on elevated first quarter slippages, while TVS Motors recovered 6 percent from lows after results of June quarter were announced. The market breadth is in favour of declines with advance-decline ratio at 1:3.

Aug 7, 2018 3:45 PM

Market update: Sensex, Nifty trade rangebound##Market update: Sensex, Nifty trade rangebound

Equity markets were trading mixed ahead of the closing session with the BSE Sensex trading lower by 20 points, or 0.05 percent, to 37,672.60 at 3.10 pm, while the NSE Nifty 50 is up by 4.10 points, or 0.04 percent, to 11,391.20.

Aug 7, 2018 3:12 PM

Here's a snapshot of June quarter results so far##Here's a snapshot of June quarter results so far

eClerx Q1 net profit at Rs 60.2 crore, while revenue stands at Rs 351.9. EBIT at Rs 67.6 crore.

Adani Transmission Q1 consolidated Net Profit at Rs 169.3 crore vs Rs 84.1 crore (YoY); Revenue up 2 percent at Rs 621 crore vs Rs 609 crore (YoY); Adani Transmission Q1 EBITDA up 11.7 percent at Rs 505 crore vs Rs 452 crore (YoY); EBITDA Margin At 81.4 percent vs 74.3 percent (YoY).

Somany Ceramics Q1 net profit up 5.7 percent at Rs 8.7 crore vs Rs 8.2 crore (YoY); Revenue up 14.8 percent at Rs 380.7 crore vs Rs 331.6 crore (YoY); Somany Ceramics Q1 EBITDA up 16.1 percent at Rs 31.3 crore vs Rs 27 crore (YoY); EBITDA margin at 8.2 percent vs 8.1 percent (YoY).

TVS Motors Q1 net profit at Rs 146.6 crore; TVS Motors Q1 Motorcycle sales up 17 percent at 3.87 lakh vs 3.30 lakh units (YoY); TVS Motors Q1 Scooter sales up 12 percent at 2.88 lakh vs 2.58 lakh units (YoY).

M&M Q1 net profit at Rs 1,257 crore vs CNBC-TV18 poll of Rs 1,179 crore; Mahindra & Mahindra + MVML Q1 Farm Equipment sales up 24.2 percent at Rs 5,007 crore vs Rs 4,032 crore (YoY); Mahindra & Mahindra + MVML Q1 Automotive sales up 22.6 percent at Rs 8,033 crore vs Rs 6,552 crore (YoY); Automotive EBIT up 69.5 percent at Rs 757.5 crore vs Rs 447 crore (YoY).

Motherson Sumi Q1 net profit at Rs 618.4 crore vs CNBC-TV18 poll of Rs 529 crore; Motherson Sumi Q1 SMR Revenue up 12.5 percent at Rs 3,257 crore Vs Rs 2,895 crore (YoY).

PNB India Q1 net loss of Rs 940 crore vs CNBC-TV18 poll of Rs 1,651.9 crore loss; Provisions at Rs 5,758 crore Vs Rs 2,608.7 crore (YoY); Q1 loan growth up 3.9 percent YoY & down 4.2 percent QoQ.

Bombay Dyeing Q1 net loss at Rs 93.7 Crore Vs loss of Rs 32.7 Crore (YoY); Revenue down 33 percent at Rs 397.5 Crore Vs Rs 592.4 Crore (YoY).

Merck Q1 Net Profit At Rs 48.3 Crore Vs Rs 20.1 Crore (YoY); Revenue up 33.3 percent At Rs 220.3 Crore Vs Rs 165.3 Crore (YoY); Merck Q1 EBITDA at Rs 50.8 Crore Vs Rs 15.1 Crore (YoY); EBITDA Margin at 23.1 percent Vs 9.1 percent (YoY)

Trident Q1 Net Profit down 33.4 percent At Rs 59.2 Crore Vs Rs 89 Crore (YoY; Revenue down 3 percent At Rs 1,131.2 Crore Vs Rs 1,166 Crore (YoY); Other Income at Rs 8.5 Crore Vs Rs 20.1 Crore (YoY); Trident Q1 EBITDA down 18.3 percent at Rs 195.5 Crore Vs Rs 239.3 Crore (YoY); EBITDA Margin At 17.3 percent Vs 20.5 percent (YoY)

Future Life Q1 Net Profit up 20.4 percent At Rs 28.3 Crore Vs Rs 23.5 Crore (YoY); Revenue up 22.9 percent At Rs 1,268 Crore Vs Rs 1,031 Crore (YoY); Future Life Q1 EBITDA up 21 percent At Rs 103.3 Crore Vs Rs 85.3 Crore (YoY); EBITDA Margin At 8.1 percent Vs 8.3 percent (YoY).

AU Small Finance Q1 Net Profit up 24.2 percent At Rs 76.8 Crore Vs Rs 61.8 Crore (YoY); Gross NPA At 2.2 percent Vs 2.01 percent (QoQ); Net NPA At 1.38 percent Vs 1.27 percent (QoQ); AU Small Finance Q1 Net Interest Income up 56.1 percent At Rs 286.4 Crore Vs Rs 183.5 Crore (YoY); Provisions At Rs 35.1 Crore Vs Rs 29.6 Crore QoQ; Vs Rs 29.1 Crore (YoY).

Aug 7, 2018 3:08 PM

PNB leads among the laggards on Nifty Bank##PNB leads among the laggards on Nifty Bank

Closing Bell: Sensex, Nifty end flat, media, metal stocks rise, Adani Ports dips over 6%
Aug 7, 2018 2:56 PM

PNB shares tank over 7% post Q1 results##PNB shares tank over 7% post Q1 results

Shares of Punjab National Bank fell over 7 percent on the NSE today after the public sector lender reported its June quarter results. PNB shares traded at Rs 83.65, down by 7.11 percent, or losing Rs 6.40 in value at 2.51 pm. Intra-day, it touched a high of Rs 91.55 and a low of Rs 82.65, after opening at Rs 90.25. Nifty Bank traded lower by 0.10 percent. The PNB stock is set for biggest 1-day fall since May 16, 2018.

Aug 7, 2018 2:53 PM

Market update: Sensex, Nifty trade rangebound##Market update: Sensex, Nifty trade rangebound

The BSE Sensex and the NSE Nifty 50 trade rangebound on Tuesday afternoon with the Sensex trading at 37,736.13, higher by 44.24 points, or 0.12 percent. The Nifty traded above the 11,400 mark, at 11,405.40, up by 18.30 points, or 0.16 percent. Midcaps continue to trade under pressure, down by nearly 0.3 percent. Among sectoral indices on the BSE, except COnsumer Durables, Metal and Basic Materials, Consumer Discretionary Goods & Services, all others were trading flat. On the NSE, Bank Nifty trades flat, while the PSU Bank has falled nearly 1.5 percent. Gainers were Media, Metal, rising by over a percent. 

Shares of Asian Paints, Yes Bank, Tata Steel, Vedanta, L&T, gained by up to 2 percent. UltraTech Cement, Grasim and Zee Entertainment also rose. The laggards include Adani Ports, Coal India, HPCL, BPCL, UPL along with Bharti Airtel, Axis Bank, Reliance. Adani Ports has declined nearly 6.5 percent.

Aug 7, 2018 2:27 PM

TVS Motors shares up after Q1 net profit at Rs 146.6 crore##TVS Motors shares up after Q1 net profit at Rs 146.6 crore

Aug 7, 2018 2:08 PM

Intellect Design Arena gains 6%, Sensex, Nifty trade flat##Intellect Design Arena gains 6%, Sensex, Nifty trade flat

Shares of Intellect Design Arena added 6 percent intraday after the company reported it has signed multi-million dollar deal with an Asian Bank. Shares traded at Rs 212.90, up 4.90 percent, or by Rs 9.95 on the BSE at 2 pm.

The BSE Sensex was trading at 37,698.12, up by 6.23 points, 0.02 percent, while the Nifty 50 was at 11,385.60, higher by just 1.50 points, or by 0.01 percent. 

Aug 7, 2018 2:03 PM

Mahindra & Mahindra + MVML Q1 automotive sales up 22.6% at Rs 8,033 crore##Mahindra & Mahindra + MVML Q1 automotive sales up 22.6% at Rs 8,033 crore

Aug 7, 2018 1:56 PM

Market update: Sensex, Nifty edge up, PNB Q1 results announced##Market update: Sensex, Nifty edge up, PNB Q1 results announced

Indian equity indices edged up in the afternoon session on Tuesday, after widespread profit-booking seen in the previous session. The Sensex was trading higher by 40.23 points, or 0.11 percent, to 37,732.12, while the Nifty 50 edged up 13.70 points, or 0.12 percent, to 11,400.80 at 1.05 pm. Meanwhile, public sector lender Punjab National Bank declared its June quarter results. The net loss stands at Rs 940 crore vs CNBC-TV18 poll of Rs 1,651.9 crore. Automobile major Mahindra & Mahindra also declared June quarter results with a net profit of Rs 1,257 crore vs CNBC-TV18 poll of Rs 1,179 crore.

Aug 7, 2018 1:08 PM

Rupee recovers from day's low of 68.93/$##Rupee recovers from day's low of 68.93/$

Aug 7, 2018 12:10 PM

Avanti Feeds declines 9, Sonal Bhutra explains why##Avanti Feeds declines 9, Sonal Bhutra explains why

Avanti Feeds fell 9 percent on the back of weak earnings posted by the company. The revenues saw a growth of 4 percent YoY at Rs 1, 040 crore, but EBITDA fell 41 percent largely led by weakness in the shrimp feed business. Margins also saw some compression, down 980 bps at 12.7 percent due to higher material costs and other expenses. Overall weakness was majorly seen in the shrimp feed business ( that contributes 88 percent of revenues) where EBIT halved on a YoY basis and was flat sequentially. All this led to a sharp decline in the profits coming in at Rs 90 crore (down 39 percent YoY). Shares of Avanti Feeds traded at Rs 495, down by 8.38 percent, or declining by Rs 45.30 in value on the BSE at 12.08 pm.

Aug 7, 2018 12:06 PM

Ekta Batra explains why Wockhardt is in focus##Ekta Batra explains why Wockhardt is in focus

Wockhardt is a stock in focus. The pharma company says the EBITDA reported in Q1FY19 is sustainable and will improve in the coming quarters as cost containment measures are being undertaken. On the pending USFDA issues, Wockhardt says they are interacting with the food and drug regulator in the US. They will try and offer oral solid dosage facility Waluj for reinspection by end of the year. Shares of Wockhardt were trading at Rs 607, down by Rs 15.05 in value, or lower by 2.42 percent on the BSE at 11.31 am. 

Aug 7, 2018 11:34 AM

Market update: Sensex, Nifty slip in the red, Midcaps under pressure##Market update: Sensex, Nifty slip in the red, Midcaps under pressure


The BSE Sensex was trading at 37,656.46, down by 35.43 points, or 0.09 percent at 11.12 am, while the NSE Nifty 50 was down by 9.50 points, or 0.08 percent, or 11,377.60. Asian Paints, Yes Bank, Infosys, Kokak Mahindra Bank, L&T, HDFC Bank surged on the BSE, while Adani Ports, Coal India, SBI, Bharti Airtel, Reliance, Sun Pharma declined. BSE MidCap was down by over half a percent, while SmallCap too traded lower by 0.46 percent. BSE LargeCap traded lower by 0.13 percent. Among sectoral indices on the gauge, Energy, Healthcare, Industrials, Telecom, Utilities, Oil & Gas, Power, Realty declined the most. 


On the NSE, gainers include Asian Paints, UltraTech Cement, Grasim, Zee Entertainment, Titan, rising by up to 2.36 percent. The laggards include Adani Ports, HPCL, Coal India, Cipla and SBI, declining by up to 5.47 percent. Nifty MidCap is declining by 0.53 percent, while except IT and Media, all sectoral indices on the broader index traded in the red. Nifty PSU Bank was down by 1.55 percent. 

Aug 7, 2018 11:21 AM

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