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Closing Bell: Nifty Ends At Record High After Two-Day Decline
India's Nifty soared to a record high after two-day decline led by banking shares.
The S&P BSE Sensex rose 1.05 percent or 391 points to 37,556 and the NSE Nifty 50 index climbed 1.03 percent or 116 points to a record closing high of 11,361.
Benchmarks rose for a second week in a row with Nifty advancing 0.7 percent and the Sensex rising 0.6 percent.
In today's session all sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 1.9 percent gain.
The mid- and small-cap shares were in line with larger peers as the Nifty Midcap 100 index rose 0.98 percent and the Nifty Smallcap 100 index advanced 1.4 percent.
Zydus Wellness Surges After Q1 Earnings
Shares of the Ahmedabad-based drug maker rose as much as 7 percent to record high of Rs 1,524 after it reported June quarter earnings.
Key earnings highlights:
Revenues up 12.7 percent at Rs 143.1 crore versus Rs 127 crore
Net profit up 1.6 percent at Rs 25.7 crore versus Rs 25.3 crore
Ebitda down 13.7 percent at Rs 22.1 crore versus Rs 25.6 crore
Margins at 15.4 percent versus 20.2 percent
Nestle India Declines After Reporting Q1 Results
Shares of Nestle India Ltd. fell as much as 3.7 percent to Rs 10,359.95, after the reported its quarterly earnings for April-June period.
Key earnings highlights (Q1, YoY):
Net profit up 50 percent at Rs 395 crore.
Net sales up 12.3 percent at Rs 2,698.4 crore.
Ebtda up 39.8 percent at Rs 645.1 crore.
Margin at Rs 23.9 percent versus 19.2 percent.
Titan Gains After June Quarter's Profit Beat Estimates
Shares of the jewellery maker rose as much as 2.2 percent to trade at over a month’s high at Rs 942. The company's net profit during April-June period surpassed analysts estimates.
Key earnings highlights (Q1, YoY):
Net profit up 31 percent at Rs 349 crore.
Revenue up 8.2 percent at Rs 4,318.8 crore.
Ebitda up 27.5 percent at Rs 495.27 crore.
Margin at 11.5 percent versus 9.7 percent.
Rajesh Exports Surges On Order Win
Shares of the Bengaluru-based gold jewellery exporter and manufacturer rose as much as 5.36 percent to Rs 603.95 after it won an order worth Rs 892 crore for gold and diamond jewellery from a Middle-East-based wholesaler.
Carborundum Universal Surges After Q1 Profit Rises 56%
European Stocks Rebound As RBS Fuels Gains In Banks
Bloomberg Exclusive: Tata Is Said To Get $1.3 Billion India Bill To Close Phone Deal
Sheela Foam, Laurus Labs Among Stocks Moving On Heavy Volumes
NHAI To Raise More Funds Via Masala Bonds
VIP Industries Surges To Record High After Q1 Earnings
F&O Check: Nifty 11,300 Put Sees Maximum OI Addition
Titan Slips Ahead Of June Quarter Earnings
Taj GVK Hotels Holds Gains After Q1 Profit Jumps Manifold
Vedanta Near Day's High After Block Deal
Reliance Communications Surges After Block Deals
India's Services PMI Improves At Highest Pace In 21 Months
Narayana Hrudayalaya Declines After Swinging To Loss In June Quarter
Gagan Banga, Vice Chairman And Managing Director At Indiabulls Housing Finance Speaks To BloombergQuint
Infosys Snaps Two-Day Decline After A Block Deal
ICICI Bank Fluctuates After A Block Deal
Abhishek Jain, MD And CEO At PPAP Automotive Speaks To BloombergQuint
V Vaidyanathan, Chairman At Capital First Speaks To BloombergQuint
Sanjay Agarwal, Managing Director And CEO At Century Plyboards Speaks To BloombergQuint
Motherson Sumi Snaps Three-Day Decline After Acquisition Announcement
Indiabulls Housing Finance Best Performer On Nifty After Q1 Profit Rises
ONGC Top Performer On Sensex Despite Q1 Profit Miss
Opening Bell: Sensex Up Over 200 Points; Nifty Reclaims 11,300
Money Market Update: Rupee Seen Under Pressure
BQ Heads-Up: Who's Buying And Who's Selling; How ADRs Fared Overnight
Here's A Look At The F&O Trade Setup: Cues, Stocks In Ban, PCR
Brokerage Radar: How To Play Tata Motors, ONGC, Marico, Ramco Cement Post Q1?
Bulk Deals: Manpasand Beverages, Shriram City Union Finance
Earnings Reactions To Watch: Capital First, Indiabulls Housing Finance, ONGC,
Earnings To Watch: Bank of Maharashtra, BSE, SAIL, Titan And More!
Economic Datawatch: Nikkei India Services PMI
Offering: L&T Tech OFS
Stocks To Watch: DCB Bank, HDFC, SBI, Tata Motors
Stories That You Might’ve Missed
Commodity Cues: WTI Crude Trades Below $70, Gold At $1,200
Nifty Futures Signal Positive Start For Indian Equities