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Indian equity benchmarks registered losses this week as Prime Minister Narendra Modi faced a no-trust vote.
The S&P BSE Sensex Index ended 0.1 percent lower this week to close at 36,496.37 and the NSE Nifty 50 Index ended above 11,000.
The market breadth was tilted in favour of sellers. Nine out of 11 sectoral gauges compiled by NSE advanced today, led by NSE Nifty Pharma Index's 1.7 percent gain. On the flipside, NSE Nifty Media Index was the top sectoral loser, down 0.5 percent.
Shares of the media company rose as much as 20 percent, the most in nearly 26 months to Rs 27.90, after the company's June quarter profit rose on exceptional gains.
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Shares of the paint manufacturer fell as much as 3.3 percent to Rs 464.05, after announcing its June quarter results.
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Shares of the tyre manufacturer rose as much as 9 percent, the most since June 2017, to Rs 1,345. The company net profit and revenue surpassed analysts estimates during the quarter ended June.
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Shares of the insurance services provider rose as much as 2 percent to Rs 479.05 after the company reported its quarterly earnings for April-June period.
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Rakesh Jhunjhunwala and Ashish Kacholia sold stakes in their favourite stocks in the three months to June As companies report earnings for the quarter, click here to find out what India’s well-known investors, including Dolly Khanna, Porinju Veliyath and Vijay Kedia, bought and sold during the period.
Shares of the two-and-three-wheeler maker fell as much as 5.6 percent, the most in over five months to Rs 3,020 after its June quarter's profit missed estimate.
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The bench of three judges at Supreme Court, today, adjourned the hearing of cryptocurrency case to Sept. 11, Bloomberg reported.
ABB India (Q2, YoY):
Shree Digvijay Cement (Q1, YoY):
Hatsun Agro Product (Q1, YoY):
Sagar Cements (Q1, YoY):
About 48.9 lakh shares of Power Grid Corp changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Parliamentary debate on the no-confidence motion against Modi government begins.
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Shares of the construction company pared early losses and rose as much as 2.1 percent to Rs 192.
The company received orders worth Rs 2,759 crore for the development of Purvanchal Expressway in Uttar Pradesh, according to its stock exchange filing.
Trading volume was 6.1 times its 30-day average, according to Bloomberg data. the stock declined 13.4 percent so far this year, compared to a 8 percent advance in the Sensex.
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Shares of the gold financing company declined for the third consecutive trading session and fell as much as 3.1 percent to Rs 377.05.
About 14 lakh shares changed hands in a block deal on Bombay Stock Exchange, according to Bloomberg data. Buyers and sellers were not known immediately.
Muthoot Finance trades at 8.5 times trailing 12-month earnings per share and 8.7 times its estimates for the coming year, according to Bloomberg data.
Shares of the insurance company rose as much as 2 pecent to Rs 6,424.85. The company reported its quarterly results for April-June period in a regulatory filing.
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The stock returned 21 percent so far this year and gained 35 percent in the past 12 months.
Mizuho Bank expects the Indian rupee to depreciate further before stabilising, its Strategist Tirthankar Patnaik said.
“Global uncertainty and higher crude prices will weigh on the rupee,” Patnaik told BloombergQuint in an interaction, adding that the pressure on the local currency is fairly strong.
“Real effective exchange rate is still around 106-107 and one could expect more rupee depreciation based on that,” he added.
IDBI Capital on DCB Bank
BofAML on Marico
Macquarie on Hindalco
Kotak Securities
CLSA
Credit Suisse
Goldman Sachs
JPMorgan
Morgan Stanley
Kotak Securities
Bajaj Finserv (Q1, YoY)
ABB India (Q2, YoY)
Shree Digvijay Cement (Q1, YoY)
Omax Autos (Q1, YoY)
Hatsun Agro Product (Q1, YoY)
Sagar Cements (Q1, YoY)
Who Stands Where Is What The No-Confidence Vote Will Reveal
Shanghai Exchange:
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