The National Stock Exchange logo is seen on its headquarter building at Mumbai, India. (Photographer: Anirudh Saligrama)

Sensex, Nifty End Lower For Second Day In A Row

Latest First
  • Oldest First

BQ Live:

Closing Bell: Sensex, Nifty End Lower Amid Weak Global Cues

Indian equity benchmarks ended lower for the second day in a row, amid weak global cues.

The S&P BSE Sensex Index 0.95 percent lower at 37,165.16 and the NSE Nifty 50 Index closed at 11,244.70, down 0.89 percent.

The market breadth was tilted in favour of sellers. Ten out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty Realty Index's 1.6 percent decline. On the flipside, NSE Nifty Pharma Index was the only sectoral gainer, up 1.4 percent.

Sensex, Nifty End Lower For Second Day In A Row

Transport Corporation's Q1 Profit Rises 60%

Transport Corporation Of India Ltd. reported a jump of 60 percent on a yearly basis in its bottomline, according to its stock exchange filing.

Key earnings highlights (Q1, YoY):

  • Net profit up 60 percent at Rs 28.2 crore.
  • Revenue up 17.2 percent at Rs 581.5 crore.
  • Ebitda up 14.3 percent at Rs 51.2 crore.
  • Margin at 28.2 percent versus 17.6 percent.

Marico Slides After June Quarter's Profit Misses Estimates

Shares of the consumer goods maker fell as much as 2.9 percent to Rs 370.70 after its net profit for the April-June period fell short of analysts estimates.

Key earnings highlights (Q1, YoY):

  • Net profit up 10.2 percent at Rs 255.7 crore. (Bloomberg estimates at Rs 262 crore)
  • Revenue up 20.5 percent at Rs 2,026.8 crore.
  • Ebitda up 9.2 percent at Rs 354.9 crore.
  • Margin at 17.5 percent versus 19.3 percent.

Deepak Khetrapal, Managing Director And CEO At Orient Cement Speaks To BloombergQuint

Key highlights from the conversation:

  • Cement consumption is robust in all markets.
  • Demand is coming from infrastructure and road projects.
  • Realisations have been poor compared to last year.
  • Low prices, high power and fuel costs impacted realisations.
  • Coal shortage led to rise in input costs.
  • Current demand scenario better than that in March quarter.
  • Seeing strong headwinds to pricing across markets.
  • Will cross the 20 percent margin mark when prices improve.
  • Demand from government projects will stay robust.
  • Rural, semi-urban segment should improve post monsoon.

Majesco Surges After Profit Beats Estimates In June Quarter

Shares of the Mumbai-based software developer rose as much as 8.2 percent to Rs 498 after its June quarter profit surpassed Bloomberg consensus estimates.

Key earnings highlights:

  • Net profit at Rs 11.48 crore versus loss of Rs 3.18 crore (YoY); estimate of Rs 7.84 crore
  • Revenue at up 25 percent at Rs 229 crore versus Rs 182.7 crore (YoY); estimate of Rs 226 crore