KEY HIGHLIGHTS
It's a wrap on real-time market coverage. Thank you for joining us today.
Closing Bell: Nifty, Sensex Extend Gains To Second Session
Bechmarks marginally outperformed broader market Indices for the week.
Benchmarks gain nearly 1% for the week.
Nifty snaps 6 week losing streak, led by Apollo Hospital, Eternal and Cipla.
Alkem Labs and One 97 Communication gains the most in Nifty Midcap 150.
JM Financial and NMDC steel gain the most in Nifty Smallcap 250.
Nifty Pharma gain nearly 3.5% for the week, emerges as the top gaining sector for the week.
Alkem labs, Zydus Lifesciences gain the most in Nifty Pharma.
All sectoral indices gain in trade barring Nifty FMCG
Nifty IT snaps 5 week losing streak.
Nifty Financial services, Bank, PSU Bank, Pharma snaps 2 week losing streak.
Nifty Auto, Media, FMCG and Metals gains for the 2nd consecutive week .
Nifty Realty, Oil and Gas snaps 3 week losing streak.
Rupee Closes Stronger Against US Dollar
Rupee closed 11 paise stronger at 87.55 a dollar
It closed at 87.44 a dollar on Wednesday.
Source: Cogencis
Stock Market LIVE: Shipping Corp Gets Favourable Tax Order From CESTAT, Mumbai
Shipping Corp of India received favourable order from CESTAT, Mumbai for tax order. It expects reduction of Rs 146 crore comprising principal demand of Rs 49.44 crore and interest order of Rs 96.56 crore.
Stock Market LIVE: RVNL Gets Order Worth Rs 90.64 Crore
Rail Vikas Nigam Ltd. received letter of award worth Rs 90.64 crore project from Southern Railway, the exchange filing said.
Stock Marlet Live: Indian Oil Share Price Down
Indian Oil Q1 Highlights (Standalone, QoQ)
Revenue down 1% to Rs 1.93 lakh crore versus Rs 1.95 lakh crore (Bloomberg estimate: Rs 1.79 lakh crore)
Ebitda down 7.1% to Rs 12,607 crore versus Rs 13,572 crore (Bloomberg estimate: Rs 15,559 crore)
Margin at 6.5% versus 7% (Estimate: 7.91%)
Net Profit down 21.7% to Rs 5,689 crore versus Rs 7,265 crore (Bloomberg estimate: Rs 7,292 crore)
S&P Global Upgrades India's Rating To 'BBB'
S&P Global has upgraded India's credit rating to 'BBB' from 'BBB-'. Following the rating upgrade, India's bond yield declined.
Yield On 10-Year Bond Falls
The yield on the 10-year bond fell 7 basis points to 6.40%
It opened at 6.47%
Source: Bloomberg
Q1 Results Live: Amara Raja Profit Falls
Amara Raja Q1 Highlights (Cons,YoY)
Revenue up 4.2% to Rs 3,401 crore versus Rs 3,263 crore
Ebitda down 16.8% to Rs 364 crore versus Rs 437 crores
Margin to 10.7% versus 13.4%
Net Profit down 33.8% to Rs 165 crore versus Rs 249 crore
Q1 Results Live: Ashok Leyland Shares Price
After the company posted a 13% rise in profit for the first quarter. The gains of over 2% that the scrip made, compares to a 0.16% advance in the benchmark index Nifty 50.
Q1 Results Live: Alkyl Amines Profit Flat
Alkyl Amines Q1 Highlights (YoY)
Revenue up 1.5% to Rs 406 crore versus Rs 400 crore
Ebitda down 3.2% to Rs 76.5 crore versus Rs 79.1 crore
Margin At 18.9% versus 19.8%
Net Profit flat at Rs 49 crore
Track live updates on Q1 earnings here.
July WPI Data: India's Wholesale Inflation Falls To Lowest In Two Years
India's wholesale price inflation during last month eased to the lowest since July 2023, data released by the Ministry of Commerce and Industry showed on Thursday.
Wholesale inflation in primary articles—especially food—led the decline, along with a fall in fuel and power, while manufacturing inflation saw an uptick.
Stock Market LIVE: Ather Energy Introduces Battery Service For Evs
Ather Energy introduces batter as service for electric vehicle scooters. It expanded assured buyback programme to wider customer base and extends comprehensive warranty, the company said in the exchange filing.
Cognizant Salary Hike: 80% Employees Eligible For Pay Rise From November — Check Full Details
Cognizant, an IT services company, is set to give a salary hike for about 80% of its eligible employees, effective Nov. 1, 2025. The company, earlier during its second-quarter earnings, had said that it will award merit-based salary increases for the majority of employees during the second half of 2025.
"These increases will be delivered up to, and including, the Senior Associate levels. The amount of these increases will vary depending on individual performance rating and country," a Cognizant spokesperson told NDTV Profit on Thursday
Stock Market LIVE: GR Infraprojects Emerges As Lowest Bidder For Renewable Energy Project In Madhya Pradesh
G.R. Infraprojects has emerged as lowest bidder for a renewable energy project in Madhya Pradesh. The project is to set up transmission system for renewable energy projects which is worth Rs 367 crore.
IPO News: IKEA-Supplier All Time Plastics Debuts At 14% Premium Over IPO Price
All Time Plastics Ltd. made a notable debut on the stock market on Thursday as shares listed at a premium of 14% over the IPO price. The scrip opened at Rs 311.3 apiece on the NSE and Rs 314.3 on the BSE. The issue price was Rs 275.
Stock Market LIVE: Engineers India Teams Up With Nuclear Power To Develop Small Modular Reactor
Engineers India Ltd. has signed memorandum of understanding with the Nuclear Power Corp for small modular reactor to provide engineering services for development of Bharat Modular Reactor, the company said in the exchange filing.
Stock Market LIVE: Suzlon Energy Clarifies On Deal Win Reports
Suzlon Energy has clarified that there is no event that required disclosure at this juncture. The clarification followed report of Rs 6,000-crore deal with Tata Power for 700 megawatt project in Andhra Pradesh
Stock Market LIVE: BSE Launches Defence Index
BSE has launched the BSE India Defence Index to gauge the performance defence companies' stocks.
The constituents of the index will be derived from the BSE 1000 index.
BSE has launched the index amid sustained gains in the defence stocks in past few months.
Source: Media Press Release
PG Electroplast Share Price Hits One-Year Low As Weak Q1 Performance Weigh
PG Electroplast Ltd. share price fell to the lowest level in one year following weak performance in the first quarter. The stock has slumped 40% in August so far.
JSW Cement IPO Listing Live: Shares Debut At 4% Premium Over IPO Price
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The issue price was Rs 147.
Muthoot Finance Shares Surges 10%, Hits Upper Circuit After Q1 Profit Zooms
Shares of Muthoot Finance Ltd., was up over 10% and locked in a circuit on the back of the notable zoom in the profit that company posted in the first quarter.
Muthoot Finance Ltd. reported a robust 73% rise in consolidated net profit in the first quarter of the current financial year. The company reported a bottom line of Rs 2,016 crore against Rs 1,164 crore in the year-ago period. The Net interest income was up 43% to Rs 3,933 crore versus Rs 2,754 crore. While the Impairment was down 11.7% to Rs 331 crore versus Rs 375 crore.
Experts' View: Traders Await Trump-Putin Meet, Mehta Equities' Tapse Says
"Although local markets have seen a rebound this week, the upside has been capped amid concerns of Trump’s tariff hikes on India. Technically, Nifty also continues to trade way below its 21-day moving average (24,803) and 50- day moving average 25,023. While Indian markets will be closed on Friday on account of Independence Day, investors will be watchful of the Trump–Putin summit to take place in Alaska tomorrow," said Prashanth Tapse, a senior vice president research), Mehta Equities.
Stock Market Live Update: Nifty, Sensex Rise At Open
The NSE Nifty 50 and BSE Sensex opened higher as Infosys Ltd. and Bharti Airtel Ltd. share prices led. The indices were trading 0.02% and 0.01% higher, respectively as of 9:22 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.47%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 3 paise weaker at 87.47 a dollar
It closed at 87.44 a dollar on Wednesday.
Source: Cogencis
Gold Prices Extend Rally On Fed Rate-Cut Hope
Gold prices advanced for three days in a row as the hope for rate cuts from the US Federal Reserve increased after expected inflation rise.
Bloomberg spot gold was trading 0.12% higher at $3,359.81 an ounce.
Oil Prices Consolidate After Hitting Two-Month Low In Previous Session
Oil prices consolidated in Asia trade session after it hit a two-month low in previous session. The oil prices declined as the International Energy Agency warned of a over supply next year.
The brent crude was trading 0.55% higher at $65.98 a barrel as of 8:00 a.m.
Bitcoin Hits Fresh Record At $1,24,500; Ethereum Gains Over 2% To $4,730.15
Bitcoin hit a record high Wednesday, moving in lockstep with a rally in US equities as investors pushed deeper into risk-taking territory across world markets. The crypto currency rose to $1,24,514 today, marking a fresh record high according to Bloomberg data. The previous high of $123,205.12 was hit on on July 14.
Stock Market Today: Brokerages On Samvardhana Motherson
Maintain Buy and cut the target price to Rs 110 from Rs 120
Margin Miss in first quarter
In a tough macro, SAMIL is expanding its non-auto business well, especially in electronics
It expects margins to improve sequentially as cost optimization efforts in Europe bear fruit
Start-up costs at new plants to fade with production ramp-up
The brokerage has cut FY26-28E EPS by 10-15%
Stock Market LIVE: Jefferies On Muthoot Finance
Maintain Buy and hike a target price to Rs 2,950 from Rs 2,660
First quarter Solid Quarter; Strong AUM Growth; NPA Recoveries Boost Profit
Gold price tailwind, headroom to lift LTV should support healthy loan growth
NIM should expand due to easing rates
With limited loan losses, it stays a defensive play amid rising broader stress
Expect 23% profit CAGR, ROE of 21%+ over FY26-28
Asia Market Update LIVE: Mixed As Traders Await More Data For More Cues On Fed Rate Cut
Markets in Asia-Pacific region were trading on a mixed note Thursday as traders await fresh set of data from the US to get more cues on rate cut by the US Federal Reserve.
As of 7:18 a.m., the Nikkei 225 was trading 1.29% down as the Japanese yen gained against the US dollar. US Treasury Secretary Scott Bessent said that the Japan's central bank is falling behind the curve to maintain inflation. The Bank of Japan may start to raise rates.
US Market Update: Dow Jones, S&P 500 And Nasdaq 100 Futures Decline
US stock futures were trading lower as market participants brace themselves for more economic data from the US. On Thursday, there's jobless claims data, and retail sales data on is due on Friday.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.04% and 0.08% lower, respectively as of 7:10 a.m. The Nasdaq 100 futures was trading 0.08% down.
On Wednesday, the Nasdaq 100 and S&P 500 indices hit fresh highs on hope of rate cuts in next month.
LIVE: GIFT Nifty Implies Negative Open; HDFC Bank, Muthoot Finance, RVNL Shares In Focus
Good morning! welcome to NDTV Profit's blog for real-time stock market coverage.
The GIFT Nifty was trading 0.10% or 24 points lower at 24,686 as of 6:38 a.m. The implied open for the benchmark NSE Nifty 50 is expected to 25 points lower than Wednesday's close.
HDFC Bank Ltd., Infosys Ltd., Muthoot Finance Ltd., Rail Vikas Nigam Ltd., and Wipro India Ltd. share prices are in focus.
The benchmark equity indices closed the day in the green, snapping their two-day losing streak on Wednesday. Shares of Apollo Hospitals, Hindalco contributed positively to the index.
The NSE Nifty 50 ended 131.9 points or 0.54% higher at 24,614.3 and the BSE Sensex ended 304.3 points or 0.38% up at 80,539.9.
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