Employees walk past electronic boards displaying stock figures in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty End Lower Ahead Of No-Trust Vote; Rupee Closes At All-Time Low

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Closing Bell: Sensex, Nifty End Lower For Second Day Ahead Of No-Confidence Vote

Indian equity benchmarks ended lower for the second day ahead of a no-confidence vote tomorrow on Narendra Modi government.

The S&P BSE Sensex Index ended 0.1 percent lower at 36,351.23 and the NSE Nifty 50 Index ended at 10,957.10, down 0.2 percent.

Nine out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty Pharma Index's 1.5 percent decline. On the flipside, NSE Nifty FMCG Index was the top sectoral gainer, up 0.8 percent.

Sensex, Nifty End Lower Ahead Of No-Trust Vote; Rupee Closes At All-Time Low

Westlife Development Drops On Error In Result Reporting

Shares of the fast-food restaurant operator fell as much as 18 percent, the most in nearly 14 years, after an error in uploading its quarterly results on the exchanges.

The company had uploaded June quarter results for the financial year gone by.

Sensex, Nifty End Lower Ahead Of No-Trust Vote; Rupee Closes At All-Time Low

BQ Conversations: Decoding RBL Bank's Q1 Results, Growth Prospects

Vishwavir Ahuja, managing director and CEO at RBL Bank spoke to BloombergQuint on June quarter results.

Key highlights from the conversation:

  • Looking at segments like road projects from NHAI.
  • Expect 30-35 percent growth going forward.
  • Confident of maintaining margin in 4 percent range.
  • Majority of growth from new customers.
  • Adding 1 million customers per year.
  • Will strictly comply with RBI guidelines on stressed assets.

Sterlite Tech Falls Even After Steady Q1 Results

Shares of the optical fiber maker snapped two-day gains and fell as much as 5.8 percent to Rs 296.20. The company announced its quarterly earnings for April-June period in a regulatory filing.

Key earnings highlights (Q1, YoY):

  • Net profit up 7.4 percent at Rs 120.7 crore.
  • Revenue up 3.6 percent at Rs 877 crore.
  • Ebitda up 46 percent at Rs 244.8 crore.
  • Margin at 27.9 percent versus 21.9 percent.

GNA Axles Erase Gains After Q1 Margins Contract

Shares of the auto parts maker erased gains and fell as much as 11.2 percent to trade over near a seven-month low at Rs 390.10. The company announced its quarterly results for April-June period in a regulatory filing.

Key earnings highlights (Q1, YoY):

  • Revenue up 46.6 percent at Rs 212.6 crore.
  • Net profit up 26.1 percent at Rs 14 crore.
  • Ebitda up 38 percent at Rs 31.6 crore.
  • Margin at 14.9 percent versus 15.8 percent.
Sensex, Nifty End Lower Ahead Of No-Trust Vote; Rupee Closes At All-Time Low