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Closing Bell: Sensex, Nifty end higher led by strong gains in pharma, bank shares, Reliance Industries rises over 2%

Closing Bell: Sensex, Nifty end higher led by strong gains in pharma, bank shares, Reliance Industries rises over 2%

Closing Bell: Sensex, Nifty end higher led by strong gains in pharma, bank shares, Reliance Industries rises over 2%
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Summary

Indian markets ended higher on Tuesday, snapping two sessions of losses, buoyed by bank, pharma, FMCG, IT stocks along with strong support from index heavyweight stocks like Reliance Industries. The oil-to-telecom conglomerate ended with gains over 2 percent on Tuesday. The BSE Sensex ended 207 points higher, or rising by 0.55 percent, to 37,852, while the NSE Nifty 50 settled at 11,435.10, rising by 79 points, or 0.70 percent. Here are the main highlights from the stock markets today:

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Rupee hits intra-day record low of 70.08 against dollar##Rupee hits intra-day record low of 70.08 against dollar

Aug 14, 2018 4:06 PM

Sun Pharma was among top Sensex gainers##Sun Pharma was among top Sensex gainers

Closing Bell: Sensex, Nifty end higher led by strong gains in pharma, bank shares, Reliance Industries rises over 2%
Aug 14, 2018 3:44 PM

Closing Bell: Sensex ends over 200 points higher, Nifty ends above 11,400##Closing Bell: Sensex ends over 200 points higher, Nifty ends above 11,400

Indian equity markets bounced back on Tuesday, reversing losses from the last two trading sessions, on the back of strong macro-economic data and corporate earnings. The BSE Sensex eneded 207 points higher, or rising by 0.55 percent, to 37,852, while the NSE Nifty 50 settled at 11,435.10, rising by 79 points, or 0.70 percent. Sustained buying was seen in most sectors, but particularly in private bank shares, pharma, metal, FMCG, auto and realty as well as in index heavyweight stocks like Reliance Industries. Shares of Sun Pharma, Yes Bank, ICICI Bank, Axis Bank, Reliance surged on the BSE index, while Hero MotoCrop, L&T, Adani Ports, Bharti Airtel, Vedanta declined. BSE MidCap rose 0.89 percent, while SmallCap ended higher by 0.53 percent. BSE LargeCap index also rose by 0.63 percent. BSE Industrials, Telecom, Capital Goods and Power ended in the negative zone among BSE Sectoral indices where Healthcare, Realty, Bankex, Healthcare and Energy surged the most. Nifty MidCap ended higher by over a percent, while Nifty Bank was up 0.82 percent at close. Nifty Pharma surged 3.21 percent after Sun Pharma beat street estimates and posted strong Q1 results. Nifty PVT Bank increased by 1.11 percent. 

Aug 14, 2018 3:35 PM

Bajaj Finserv rises nearly 2% on block deal##Bajaj Finserv rises nearly 2% on block deal

Shares of Bajaj Finserv rose nearly 2 percent on block deals on the BSE. Shares traded at Rs 7070.25, rising by 1.74 percent, or adding Rs 120.70 in value at 3.28 pm. About 49,851 shares changed hands at the trade value of Rs 35.24 crore.

Aug 14, 2018 3:30 PM

Spicejet shares trade lower after Q1 loss##Spicejet shares trade lower after Q1 loss

Spicejet shares declined by 0.89 percent to Rs 88.60 on the BSE at 3.22 pm. Other aviation stocks like performed mixed with Jet Airways falling by 0.52 percent and IndiGo higher by 0.74 percent on the 30-share BSE index. Low-cost carrier SpiceJet Ltd reported a loss for the first quarter on Tuesday, impacted by higher expenses and foreign exchanges losses. The airline's standalone net loss, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, was Rs 38.06 crore ($5.44 million) in the quarter ended June 30. The company had posted a profit of Rs 1,750 crore a year earlier. Total expenses in the quarter rose 31.2 percent to Rs 2,245 crore. SpiceJet also accounted for Rs 51 crore as forex losses due to the depreciation of the rupee. Total income from operations in the first quarter rose 19.6 percent to Rs 2,236 crore.

Aug 14, 2018 3:24 PM

Grasim standalone earnings better than estimates, profit comes in at Rs 642.5 crore##Grasim standalone earnings better than estimates, profit comes in at Rs 642.5 crore

Aug 14, 2018 3:18 PM

IDBI Bank shares trade lower after weak Q1 earnings##IDBI Bank shares trade lower after weak Q1 earnings

Shares of IDBI Bank edged lower by 0.41 percent to Rs 60.20 on the NSE at 3.08 pm, after the public sector lender's loss expanded to Rs 2,410 crore. The IDBI Bank's gross non-performing assets stood at Rs 57,807 crore, rising by 4 percent on QoQ basis. Net NPA stood at Rs 29,981 crore, rising by 4.6 percent on QoQ basis. In percentage terms, Gross NPA stands at 30.78, while the net NPA stands at 18.76 percent. IDBI Bank's provisions stands at Rs 5,236 crore.

Earlier, shares of Allahabad Bank fell 8 percent as the bank reported net loss of Rs 1,944 crore for the quarter ended June 2018. The lender reported net profit of Rs 28.8 crore in the same quarter last fiscal. Gross NPA was flat at 15.97 percent, while net NPA was down at 7.32 percent, QoQ. Net Interest Income (NII) rose 37 percent at Rs 1,704 crore against Rs 1,243 crore.

Aug 14, 2018 3:13 PM

IDBI Bank loss expands to Rs 2,410 crore##IDBI Bank loss expands to Rs 2,410 crore

Aug 14, 2018 3:06 PM

Sun Pharma spikes jumps 8% after strong Q1 performance##Sun Pharma jumps nearly 8% after strong Q1 performance

Shares of Sun Pharmaeutical Industries Ltd surged 7.75 percent after the company reported better-than-expected June quarter results. Shares traded at Rs 606.35, rising by Rs 43.60 on the BSE at 2.50 pm. Intra-day, it touched a high of Rs 606.80 and a low of Rs 560.40, after opening at Rs 566.20. The pharma company reported a net profit of Rs  983 crore ($140.6 million) for the three months ended June 30, compared with a loss of Rs 425 crore a year ago. In the year-ago quarter, Sun Pharma incurred costs of Rs 951 crore related to settlements in a US antitrust case over sleep disorder drug Modafinil. Analysts on average expected a net profit of Rs 897 crore rupees. Total revenue from operations rose about 16 percent to Rs 7224 crore. Nifty Pharma surged by 3.22 percent, rising by nearly 296 points, to 9,482.50. 

Aug 14, 2018 2:57 PM

Sun Pharma reports profit against loss, margin comes in 460 bps higher YoY##Sun Pharma reports profit against loss, margin comes in 460 bps higher YoY  

Aug 14, 2018 2:48 PM

Market update: Sensex, Nifty extend gains##Market update: Sensex, Nifty extend gains

The Sensex trades above the 37,900 mark, rising by 264 points, or 0.70 percent, to 37,910. THre NSE Nifty 50 advanced by 91 points, or 0.80 percent, to 11,446. Indexes advanced on the back of positive macroeconomic data and recovery in the Indian rupee. Bank, financial stocks, IT, pharma shares pulled indexes higher along with strong performance by heaveweight stocks like Reliance Industries, TCS and HDFC twins. Reliance Industries' shares advanced by over 2 percent. Shares of Adani Ports, Hero MotoCorp, Bharti Airtel, NTPC, L&T declined by up to 1.10 percent. Oil shares also declined as the Indian rupee declined against the US dollar. Earlier, the rupee had breached the 70 per dollar mark in trade. 

Aug 14, 2018 2:02 PM

Reliance Industries topped among Sensex gainers##Reliance Industries topped among Sensex gainers

Closing Bell: Sensex, Nifty end higher led by strong gains in pharma, bank shares, Reliance Industries rises over 2%
Aug 14, 2018 12:54 PM

Market update: Sensex jumps over 255 points, Nifty aims 11,450 mark##Market update: Sensex jumps over 255 points, Nifty aims 11,450 mark

Indian markets gave thumps up to macro-economic data on Tuesday and advanced higher, sustaining gains posted in early trade. The BSE Sensex jumped over 256 points, or 0.68 percent, to 37,901.19 at 12.39 pm, while the NSE Nifty 50 advanced by 85 points, or 0.75 percent, to 11,440. Index heavyweight Reliance Industries' shares also jumped over 2 percent to pull indexes higher. Reliance was well-supported by TCS (surged 1 percent higher), ITC and HDFC twins. Private bank shares and other pharma and IT stocks also rose. Metal and auto stocks, however, declined.

Aug 14, 2018 12:51 PM

Rupee recovers 30 paise from lows##Rupee recovers 30 paise from lows

Aug 14, 2018 12:22 PM

Market update: Sensex trades above 38,000, Nifty up by over 0.5%##Market update: Sensex trades above 38,000, Nifty up by over 0.5%


The BSE Sensex was trading at 37,816.87, higher by 171.97 points, or 0.46 percent at 11.45 am, while the NSE Nifty 50 was higher by 60.70 points, or 0.53 percent, to 11,416.45. Six out of 19 sectoral indices on the BSE are trading in the negative zone with Telecom, Capital Goods and Oil & Gas trading lower by up to 0.42 percent. IT and Realty trade higher by over a percent, while Teck, Bankex, FMCG rose between 0.5 and a percent. On the NSE, Nifty Bank rose by 0.64 percent. Midcaps are higher but below half a percent mark with the BSE MidCap trading near flatline. Shares of Axis Bank, Hindustan Unilever, Yes Bank, Wipro, ICICI Bank, UltraTech Cement, Tech Mahindra, Eicher Motors, Bajaj Finance rose on indexes while UPL, Adani Ports, HPCL, Vedanta, Bharti Infratel, Vedanta, L&T, Bharti Airtel, ONGC declined.

Aug 14, 2018 11:48 AM

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