Stock Market Today: Sensex, Nifty End Lower As RIL, HDFC Bank Drag; Earnings Volatility Weighs

• Nifty 50 ends below 25100 , Top losers Nestle, Trent

• Nifty Psu bank gained for second day in a row led by Canara Bankand Indian Bank

• Nifty Pharma gained for second day in a row led by IPCA Labs

• Nifty Metal gained for second day in a row led by Jindal Steel

• Nifty Auto gained for second consecutive day led by Samvardhana Motherson International

• Nifty Media maintained third day losing streak

• Nifty Financials snapped its three day wining streak

• Nifty Realty maintained third day losing streak , dragged by Prestige Estates

• Nifty FMCG declined for fifth day in a row, dragged by Nestle

• Nifty IT remained the Top loser dragged by Coforge and Persistent Systems

• Rupee closed flat at 86.41 against US Dollar

Source: Cogencis

Key highlights (Consolidated, YoY)

• Net profit falls 19.1% to Rs 237 crore versus Rs 293 crore.

• Revenue declines 6.2% to Rs 5,170 crore versus Rs 5,509 crore.

• Ebitda falls 10.1% to Rs 372 crore versus Rs 414 crore.

• Margin at 7.2% versus 7.5%.

Before earnings are posted here, it's on NDTV Profit's Q1 earnings blog.

Canara Bank Ltd. share price rose over 5% in Thursday's session after the bank posted an increase in its net profit during April–June. Moreover, the lender's asset quality also improved during the quarter.

Key highlights (Consolidated, YoY)

• Revenue up 29.2% to Rs 2,878.05 crore versus Rs 2,227.52 crore.

• Net Profit  up  12% to Rs 269.23 crore versus Rs 241.24 crore.

• Ebitda up  17% to Rs 381.22 crore versus Rs 327.09 crore.

• Margin at 13.2% versus 14.7%.