Live: Rupee closes stronger against US dollar at 64.048 min read . Updated: 03 Aug 2015, 05:28 PM IST
Here are the key developments affecting the domestic and international markets today
Here are the key developments affecting the domestic and international markets today
5:00pm: The Indian rupee closes stronger against US dollar at 64.04, up 0.14% from its previous close of 64.14.
3:30pm: The S&P BSE Sensex closes 0.26%, or 72.50 points, higher at 28,187.06, while the CNX Nifty closes 0.12%, or 10.20 points higher at 8,543.05. The BSE Mid-cap index and BSE Small-cap index hit record highs, buoyed by strong demand for the stocks on the back of good June quarter earnings.
3:05pm: The S&P BSE Sensex is trading 0.30%, or 83.88 points, higher at 28,198.44, while the CNX Nifty is trading 0.17%, or 14.15 points, higher at 8,547.
2:19pm: The S&P BSE Sensex is trading stable at 28,232.47, up 117.91 points, or 0.42%.
2:10pm: Banking shares advance on hopes of stable asset quality after ICICI Bank’s positive outlook and a reduction in bad loans at some of the state-run banks. The NSE bank index is on track for its fifth winning session. ICICI Bank Ltd is up 3.1%, while SBI surges 4.5%.
Union Bank of India jumps 4.5% and United Bank of India rallies 6%. Bank of Baroda gains 6.5%, taking its three-day rally to 23%.
1:58pm: Greek equities tumble as the Athens Stock Exchange reopened after a five-week closure, with restrictions in place due to capital controls. The benchmark ASE Index slumped a record 23% to 615.61 at 10:43am in Athens. Read more.
1:45pm: The BSE MidCap index hits a record high for a second consecutive session at 11,392.69.
1:32pm: The S&P BSE Sensex is now trading at 28,200.21, up 85.65 points, or 0.3%.
1:20pm: HCL Technologies extend losses to trade lower by as much as 6.2% at ₹ 934.25 after the company posted a decline of 2.8% in its net income to ₹ 1,783 crore for the three months ended June compared with the year-ago period.
1:14pm: Indian Bank shares advance as much as 8.8% on the back of a spurt in volumes.
1:03pm: Shares of Jaypee Group companies are trading higher on the back of higher volumes. Jaiprakash Associates Ltd surges as much as 18.05%, its steepest gain since 18 May 2009, and touched a high of ₹ 11.38. Jaiprakash Power Venture Ltd climbs as much as 9.5% to ₹ 6.71, while Jaypee Infratech Ltd is up 8.7% to ₹ 14.95.
12:54pm: National Buildings Construction Corp. Ltd shares climb 3% after the company said it has bagged orders worth over ₹ 540 crore in July 2015
12:40pm: Archies Ltd declines as much as 6.8% to ₹ 28.05 after the company’s earnings on Friday missed estimates.
12:26pm: The S&P BSE Sensex is trading higher by 108.71 points, or 0.39%, to 28,223.27.
12:20pm: Suzlon Energy Ltd shares extend gains to trade higher by a much as 18.2% after the company reported its first consolidated net profit in the last 14 quarters.
12:10pm: Punj Lloyd Ltd surges 8% to ₹ 29.15 after the company said in a notice to BSE that it has got Ennore LNG order worth ₹ 477 crore from Mitsubishi.
11:58am: Berger Paints India Ltd jumps 3.6% to ₹ 225.80 after the company said that its net profit for the June quarter rose 34.5% to ₹ 77.30 crore compared with ₹ 57.46 crore a year ago.
11:45am: Shares of oil marketing companies are trading lower after petrol prices were cut by ₹ 2.43 per litre and diesel prices were slashed by ₹ 3.60 a litre. Hindustan Petroleum Corp. Ltd (HPCL) falls 1.5%, Bharat Petroleum Corp. Ltd (BPCL) is down 1.5% and Indian Oil Corp. Ltd (IOC) slips 0.2%.
11:30am: The S&P BSE Sensex is trading higher by 90.82 points, or 0.32%, to 28,205.38.
11:16am: Sun TV Network Ltd advances as much as 18.2% to ₹ 398. The company reported a better-than-expected 19% rise in first-quarter profit, boosted by strong growth in ad revenue. Net profit at the company rose to ₹ 197 crore in the quarter ended 30 June from 166 crore a year ago.
11:11am: Jet Airways India Ltd adds 7.6% to ₹ 430.70, while SpiceJet Ltd climbs 4.4% to ₹ 28.45 after PTI reported that the government had cut aviation turbine fuel price by a massive 9.5%, or ₹ 4,860 per kilolitre, to ₹ 46,407 per kilolitre.
11:03am: Srei Infrastructure Finance Ltd declines 2.8% to ₹ 36.65 after the company posted 63.55% decline in its net profit to ₹ 23.32 crore in the June quarter compared with ₹ 63.98 crore a year ago.
10:55am: JBF Industries Ltd gains 2.8% to ₹ 309.20 after the company said its board approved raising $150 million from KKR Jupiter Investors PTE Ltd.
10:48am: The S&P BSE Sensex is now trading at 28,196.54, up 81.98 points, or 0.29%.
10:45am: Suzlon Energy Ltd surges 12% to ₹ 24.55 after the company reported its first consolidated net profit in the last 14 quarters, but this was on account of a one-time gain. Before accounting for this, the company reported a pre-tax loss of ₹ 280 crore, better than the loss of ₹ 630.5 crore it posted in the year-ago June quarter.
10:37am: Maruti Suzuki India Ltd rises 1.7% to ₹ 4,403 after the company on Saturday reported a 20.1% rise in total sales at 121,712 units last month.
10:30am: Sun Pharma Advanced Research Co. Ltd falls 3% to ₹ 396.85 after the company posted a net loss of ₹ 1.65 crore in the June quarter compared with a net loss of ₹ 9.74 crore a year ago.
10:22am: JK Cement Ltd drops 5.3% to ₹ 645.60 after the company on Saturday posted a massive decline in its net profit—99.6% to ₹ 16.01 lakh—for the period ending 30 June this year. The company’s net profit in the corresponding time period last fiscal stood at ₹ 38.03 crore.
10:17am: Relaxo Footwears Ltd climbs 4.2% to ₹ 585.80 after the company said in a notice to BSE that it has executed a deed of settlement with Bata India Ltd for Assignment of Trade Mark “SPARX" in favour of Relaxo Footwears and both companies have agreed to file necessary consent terms before the Delhi high court in due course, for withdrawal/settlement of all pending litigations filed by/against Bata India Ltd and the company. The benefit on account of this assignment of trademark along with saving in cost of litigation is considered to be materially beneficial to the company in the long term.
10:11am: Larsen and Toubro Ltd is down 2.4% to ₹ 1,746.65 after the company reported 37% decline in the fiscal’s first quarter net profit on Friday, blaming the drop on a fragile investment climate and the “unhurried pace" of government reforms. Net profit fell to ₹ 606.19 crore in the three months ended June from ₹ 966.89 crore a year ago. Net sales rose 6.73% to ₹ 20,252.17 crore.
10:05am: Hero MotoCorp Ltd falls 2.5% to ₹ 2,606.85 after the company reported 7.97% decline in sales at 487,580 units in July. The company sold 529,862 units in the same month last year, Hero MotoCorp said in a statement.
9:58am: ICICI Bank Ltd rises 2% to ₹ 308.60. ICICI Bank, India’s second largest lender by assets, on Friday posted a 12% increase in net profit during the fiscal first quarter as it benefited from higher demand for loans from individual borrowers. Net profit in the three months ended June rose to ₹ 2,976 crore, or ₹ 5.09 per share, from ₹ 2,655 crore, or ₹ 4.56 per share, a year ago.
9:50am: The Sensex is trading higher by 0.27%, or 75.66 points, at 28,190.22, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is up 0.21%, or 17.65 points, to 8,550.50.
9:48am: HCL Technologies Ltd drops 4% to ₹ 957 after the company posted a decline of 2.8% in its net income to ₹ 1,783 crore for the three months ended June compared with the year-ago period.
9:45am: Sectoral indices—The BSE Bankex and consumer durables are top gainers, up 1% each, followed by BSE Power which is up 0.7%. The BSE Consumer Durables is top loser, down 1%, followed by BSE Metal and Oil and Gas which are down 0.5% and 0.3%, respectively.
9:40am: Stocks of public sector banks are trading higher. State Bank of India is up 3%, Bank of Baroda (BoB) up 6%, Punjab National Bank up 4%, Bank of India up 3.3%, Canara Bank up 3.8%, and IDBI Bank up 2.5%. According to media reports, the government is looking to infuse ₹ 25,000 crore in the ongoing fiscal year to boost the PSU banks’ reserves, in a total of three tranches.
9:35am: Earnings—Aban Offshore Ltd, Berger Paints Ltd, HCL Technologies Ltd, Hero MotoCorp Ltd, Indiabulls Real Estate Ltd, United Bank.
9:30am: Indian stocks open slightly higher after the benchmark gauge rallied on Friday to erase a monthly loss. Investors are looking forward to Rerserve Bank of India (RBI) governor Raghuram Rajan’s monetary policy review tomorrow.
9:25am: The yield on India’s 10-year benchmark bond is trading at 7.788% compared with its Friday’s close of 7.807%.
9:20am: The rupee opens stronger at 63.99 per dollar compared with its previous close of 64.14 on improved fiscal deficit data released on Friday. Read more.
9:15am: In currencies, the dollar holds broadly steady at 123.97 yen. The euro is steady at $1.1097.
9:10am: Crude oil continues to flounder after posting its biggest monthly drop since 2008 in July on China’s stock market slump and signs that top Middle East producers were pumping out crude at record levels. US benchmark West Texas Intermediate (WTI) for September falls 27 cents to $46.85, while Brent crude for September eases 30 cents to $51.91.
9:05am: MSCI’s broadest index of Asia-Pacific shares outside Japan falls more than 1% before paring losses to be down 0.9%. Stock markets across the region decline with Japan’s Nikkei down 0.5% and South Korea’s Kospi falling 0.9%.
9:00am: An index of Asian shares outside Japan fall close to this year’s lows thanks to a deepening selloff in commodities and concerns over slowing growth in China.
8:55am: On Wall Street on Friday, the Dow Jones lost 0.3% and the S&P 500 shed 0.2%, due to a drop in energy shares.