Home >Markets >Stock Markets >Sensex ends down over 300 points, Nifty below 11,100 dragged by banks
Indian equities may also take heart from the rally in US peers and inch up after losses on Wednesday. (Photo:. REUTERS/Danish Siddiqui)
Indian equities may also take heart from the rally in US peers and inch up after losses on Wednesday. (Photo:. REUTERS/Danish Siddiqui)
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Sensex ends down over 300 points, Nifty below 11,100 dragged by banks

  • IndusInd Bank, HDFC, Axis Bank, SBI, Bharti Airtel among top losers today
  • RIL, Indian Overseas Bank, among others, will announce June qtr earnings today

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30 Jul 2020, 03:43:13 PM IST

Indices end in the red dragged by banks, financial stocks

Domestic benchmark indices erased opening gains to close lower for the second straight day, down nearly 1% each, dragged down by banks and financial stocks.

The Sensex ended 335 points lower at 37,736 while the Nifty lost 101 points to settle at 11,102. BPCL, IndusInd Bank, IOC, Axis Bank and HDFC were among the worst hit on the Nifty 50 while Dr Reddy's, Sun Pharma, Wipro, Vedanta, and Maruti were the top gainers.

Nifty Bank and Nifty Energy lost 2% each while Nifty Metal declined 1% for the day.

In the broader market, the S&P BSE MidCap and the SmallCap ended marginally lower.

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30 Jul 2020, 03:29:59 PM IST

India gold demand falls 70% on year in April-June

India’s gold demand fell a massive 70% in June-ended quarter due to the closure of shops and factories following the coronavirus-induced lockdown. A sharp rise in prices of the precious metal also weighed in demand.

According to data from World Gold Council, domestic gold demand declined to 63.7 tonnes during April-June from 213.2 tonnes in the corresponding quarter last year.

30 Jul 2020, 03:17:39 PM IST

Nifty view: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

"We were unsuccessful in closing above the 11300 level (on Wednesday). Instead, we dropped and tested the 11100 support level. 11000-11100 is going to be a crucial zone for the markets. A bounce from these levels should take the markets back to 11300-11400 but if we break 11000 on closing, we could see a further slide which could take the markets to 10800."

30 Jul 2020, 03:15:08 PM IST

Nifty broad market indices

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30 Jul 2020, 03:06:13 PM IST

Sun Pharma top gainer on Sensex now

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30 Jul 2020, 03:00:05 PM IST

China, India got lot richer but refused to take on any more responsibilities: US Senator

Countries like China and India have got a lot richer over the last two decades but they have refused to take on any more responsibilities, a top US Senator has claimed, as he applauded President Donald Trump for taking on this "imbalance" to make the World Trade Organization (WTO) relevant.

Senator Chuck Grassley, chairman of the powerful Senate Finance Committee, made the comments during a Congressional hearing on WTO on Wednesday, Press Trust of India reported.

30 Jul 2020, 02:57:01 PM IST

Volkswagen reports second quarter operating loss at $2 billion

Volkswagen reported on Thursday posted an operating loss for the second-quarter as vehicle deliveries fell by almost a third due to the covid-19 pandemic, forcing the German carmaker to cut its dividend despite a gradual rebound in demand, Reuters reported.

The multi-brand car and truck maker predicted a significant decline in full-year sales, even though it said it was seeing a gradual recovery globally as lockdowns eased.

The company said its 2020 operating profit, before and including special items, would be severely down on the year before, albeit in positive territory.

The company posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the April to June period, down from a 5.1 billion euro adjusted operating profit in the year-earlier period.

30 Jul 2020, 02:54:27 PM IST

3 Assam Rifles personnel killed, 4 injured in ambush by terrorist group in Manipur: ANI

30 Jul 2020, 02:47:00 PM IST

Top five losers on BSE

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30 Jul 2020, 02:43:29 PM IST

IndusInd Bank extends losses, top loser on Sensex

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30 Jul 2020, 02:31:09 PM IST

Piramal Enterprises Q1 numbers

Piramal Enterprises reported a 10.6% year-on-year rise in June quarter consolidated net profit to 495.6 crore, while revenue declined 8.7% to 2,937 crore during the period.


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30 Jul 2020, 02:17:59 PM IST

Nifty Bank down over 1.6%

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30 Jul 2020, 02:15:14 PM IST

BSE SmallCap down 0.24% at 12,941.63

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30 Jul 2020, 02:11:22 PM IST

HDFC Q1 numbers

HDFC reported a 4.7% decline in its June quarter net profit to 3,051.5 crore from 3,203.1 crore in the year-ago period. Revenue rose a meagre 0.2% to 13,017.7 crore.

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30 Jul 2020, 02:02:14 PM IST

BSE MidCap at 13,715.83, down 0.34%, amid weak cues

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30 Jul 2020, 01:55:36 PM IST

German economy shrinks a record 10.1% in second quarter: AFP

Germany’s economy took a massive hit during the pandemic shutdowns. Output shrank 10.1% during April-June from the previous quarter, the country’s official statistics agency said Thursday. The decline is the sharpest since 1970.

Tough pandemic restrictions shut down everything from taverns to auto dealerships. The country has cautiously reopened and the economy has started bouncing back but economists say it is far from the pre-virus level.

30 Jul 2020, 01:50:12 PM IST

European stocks fall in opening deals: AFP

European stocks slid Thursday in early deals as investors nervously awaited data forecast to show that the coronavirus-wracked US economy shrank by more than a third in the second quarter.

London's benchmark FTSE 100 index of major blue-chip companies lost 0.9%.

In the eurozone, Frankfurt's DAX 30 sank 1.3% and the Paris CAC 40 index shed 0.6%.

30 Jul 2020, 01:37:00 PM IST

Nifty FMCG slips; Nielsen revises sector outlook lower

India’s fast moving consumer goods sector may at best remain flat in 2020 as covid-induced lockdown in the second quarter of the year battered demand and severely hit trade channels, market researcher Nielsen told reporters on Thursday.

Earlier this year, the researcher had forecast 9-10% growth for the sector that was already struggling to grow sales in rural markets.

In April, it further revised its forecast for the year slashing it to 5-6% factoring in the economic fallout from the pandemic.


30 Jul 2020, 01:30:09 PM IST

Tamil Nadu to see complete shutdown on all 5 Sundays in August

30 Jul 2020, 01:22:44 PM IST

India to add 35,000 troops along China border as tensions simmer: Bloomberg

India is positioning an additional 35,000 troops along its disputed Himalayan border with China as the possibility of an early resolution to the deadly tensions between the two neighbors fades, Bloomberg reported.

The move would change the status quo along the contested 3,488 kilometer (2,162 mile) Line of Actual Control and stretch the nation’s already tight military budget, senior Indian officials said, asking not to be identified citing rules on speaking to the media.

30 Jul 2020, 01:13:33 PM IST

Top gainers/losers on Nifty

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30 Jul 2020, 01:11:04 PM IST

Sensex stocks

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30 Jul 2020, 01:03:16 PM IST

NEET 2020: SC seeks govt's response on plea for exam centres in Gulf countries

The Supreme Court has sought a response from the central government and the Medical Council of India (MCI) on a plea seeking directions to hold National Eligibility Cum Entrance Test (NEET) exam centres in Gulf countries.

The plea, filed by parents of nearly 4,000 NEET (undergraduate) candidates, sought to alternatively postpone the examination until the COVID-19 pandemic normalises.

30 Jul 2020, 12:48:37 PM IST

Tractor output suffers as curbs hit parts supply

Sporadic lockdowns in automobile hubs such as Aurangabad, Pune and Bangalore in July have disrupted production of tractors, one of the few sectors that have seen demand stay buoyant despite the pandemic, senior industry executives said.

The farm equipment segment saw capacity utilization recover swiftly to about 90-95% in June after the nationwide lockdown was lifted as an above-normal monsoon and higher crop acreage generated demand, but much of the gains have been lost in July as intermittent lockdowns in the hubs to contain the virus have thrown production into disarray.

30 Jul 2020, 12:41:52 PM IST

Infosys hits fresh 52-week high

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30 Jul 2020, 12:37:41 PM IST

TCS hit fresh 52-week high

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30 Jul 2020, 12:31:12 PM IST

Mother Dairy to expand into bread and confectionery

30 Jul 2020, 12:16:33 PM IST

Delhi cuts VAT on diesel to 16.75% from 30%: Arvind Kejriwal

Delhi Cabinet has decided to reduce VAT on diesel to 16.75% from 30%. This will reduce price if diesel in Delhi from 82 to 73.64 i.e. by 8.36 per litre.

30 Jul 2020, 12:04:18 PM IST

Nielsen lowers 2020 FMCG growth forecast to -1 to +1% from +5 to 6%: CNBC TV18

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30 Jul 2020, 11:57:30 AM IST

Xiaomi accused of patent infringement by US company in Delhi HC

Mobile and video technology company InterDigital, based out of Delaware, US, has filed two patent infringement cases against Xiaomi in the Delhi high court alleging unauthorised use of five cellular 3G and 4G patents and three H.265/HEVC (high efficiency video coding) patents by the Chinese phonemaker.

InterDigital claims it has been in negotiation with Xiaomi for years and filed the case after they couldn't reach an agreement.

30 Jul 2020, 11:55:35 AM IST

Chinese exporters face more anti-dumping, safeguard duties

India has stepped up the heat on imports from China, citing alleged dumping of products such as digital offset printing plates, solar cells and raw material used in making industrial chemicals.

The revenue department has notified continuation of safeguard duty on solar cells and panels for another year and imposed definitive anti-dumping duty on import of digital offset printing plates and provisional anti-dumping duty on aniline oil used in making certain industrial chemicals. The decisions were announced in three separate orders late on Wednesday night.

30 Jul 2020, 11:53:05 AM IST

Credit Suisse to merge investment banking units: Reuters

Credit Suisse on Thursday said it was wrapping up its global markets and investment banking divisions into a single unit.

Switzerland's second-biggest bank also reported a 24% rise in second-quarter net profit to 1.162 billion Swiss francs ($1.27 billion), far exceeding the mean estimate for 700 million Swiss francs in the bank's own poll of 17 analysts.

30 Jul 2020, 11:49:24 AM IST

Oil prices slip on pandemic concerns: Reuters

The most-active Brent crude contract for October fell 2 cents, or 0.05%, to $44.07 a barrel. The September Brent contract, expiring on Friday, fell 7 cents to $43.68 in light trading.

U.S. West Texas Intermediate (WTI) crude futures were down 5 cents at $41.22 a barrel.

30 Jul 2020, 11:44:22 AM IST

RIL erases losses, up ahead of results

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30 Jul 2020, 11:41:55 AM IST

Nifty broad market indices

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30 Jul 2020, 11:28:10 AM IST

Market check

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30 Jul 2020, 11:02:09 AM IST

Nifty IT index up nearly 2%

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30 Jul 2020, 10:57:18 AM IST

Nifty Pharma top gainer among sectoral indices; Dr Reddy's leads

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30 Jul 2020, 10:53:55 AM IST

Government extends deadline for BPCL bid submission to 30 Sep


The Center has extended, for the third time, the deadline for submission of bids for divestment of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by two months to 30 September.

In view of the further requests received from the Interested Bidders (IBs) and the prevailing situation arising out of COVID-19, last date and time (“EOI Due Date") for submission of EoIs is extended upto 30th September, 2020," the Department of Investment and Public Asset Management (Dipam) said in a notice late on Wednesday.

The government has proposed disinvesting its entire shareholding in BPCL comprising 114.91 crore equity shares--52.98% stake--along with transfer of management control to a strategic buyer (except BPCL's equity shareholding of 61.65 per cent in Numaligarh Refinery Ltd).

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30 Jul 2020, 10:41:58 AM IST

HDFC ticks lower ahead of June quarter results today

According to a CNBC TV18 earnings poll, HDFC is expected to report a fall of 16% in June quarter profit while NII may increase 9.3% YoY. AUM growth is seen moderate due to lower disbursals in Q1 due to lockdown. Provisions are likely to be on the higher side.

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30 Jul 2020, 10:36:56 AM IST

TCS surges over 3%, top gainer on Sensex now

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30 Jul 2020, 10:29:58 AM IST

InterGlobe Aviation rises on fundraising plans

IndiGo, India's largest airline and promoted by InterGlobe Aviation, on Wednesday said it plans to raise at least 20 billion through the sale and leaseback of planes and other assets.

This followed the airline reporting its steepest quarterly loss in at least five years at 2849 crore.

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30 Jul 2020, 10:13:51 AM IST

Rupee opens at 74.83 per dollar vs Wednesday's close of 74.80/$

30 Jul 2020, 10:10:24 AM IST

Dr Reddy's Labs surges on Q1 earnings

The company on Wednesday reported a 12.6% year-on-year (YoY) drop in its June quarter consolidated net profit to 579 crore.

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30 Jul 2020, 10:06:36 AM IST

IndusInd Bank top loser on Sensex

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30 Jul 2020, 10:01:13 AM IST

HCL Tech top gainer on Sensex

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30 Jul 2020, 09:45:31 AM IST

Ambani's confidant PMS Prasad pledges over 90% of his RIL shares

Mukesh Ambani loyalist and executive director at Reliance Industries (RIL), PMS Prasad, has pledged 93.75% or 600,000 shares he owns in RIL, according to stock exchange filings. Prasad also sits on the board of the company.

Prasad owned a total of 640,000 RIL shares which he pledged on 29 June, 2020, worth 103 crore. He currently holds 40,000 shares which he subscribed to in the company's rights issue. He had sold 136,666 shares in September 2017.

30 Jul 2020, 09:43:29 AM IST

PVR Ltd also down as cinemas to remain shut

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30 Jul 2020, 09:34:40 AM IST

INOX Leisure slumps 6% as cinemas to remain shut in Unlock 3.0

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30 Jul 2020, 09:29:44 AM IST

Reliance Industries slips ahead of June quarter results later today

Reliance Industries Ltd (RIL) is likely to report muted earnings growth in the first quarter of this fiscal as gains from its telecom business will be offset by weakness in its retail and refining and petrochemicals business, analysts said.

According to a Bloomberg survey of 10 brokers, net profit is expected to come in at 7,119 crore against 10,104 crore in the same quarter last year. Net sales is estimated at 1 trillion, according to a poll of 11 analysts.

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30 Jul 2020, 09:26:47 AM IST

Bharti Airtel higher in opening deals

Bharti Airtel on Wednesday reported a consolidated net loss of 15,933 crore for the June quarter as the company undertook a massive 11,746 crore charge, primarily for incremental provision and interest related to Supreme Court’s order on adjusted gross revenue definition last year.

In the corresponding quarter last year, the communications giant had posted a consolidated loss of 2,866 crore.

Operationally, the company had a strong quarter despite the covid-19 pandemic causing an unprecedented disruption.

Consolidated revenue from operations grew 15.4% year-on-year to 23,939 crore.

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30 Jul 2020, 09:22:47 AM IST

Nifty broad market indices

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30 Jul 2020, 09:20:48 AM IST

Nifty in opening deals

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30 Jul 2020, 09:20:29 AM IST

Market in opening deals

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30 Jul 2020, 09:13:52 AM IST

Top gainers/losers on Sensex at pre-open

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30 Jul 2020, 09:06:50 AM IST

Nifty at pre-open

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30 Jul 2020, 09:06:27 AM IST

Market at pre-open

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30 Jul 2020, 08:51:00 AM IST

Historic antitrust hearing in US concludes that Big Tech must be broken up

Politicians in the United States (US) grilled chief executives from Amazon, Google, Facebook and Apple in what is sure to be a historic hearing, irrespective of its eventual outcome. The CEOs, Sundar Pichai for Google, Tim Cook from Apple, Jeff Bezos from Amazon and Mark Zuckerberg from Facebook, fielded a wide range of questions from the antitrust bodies.

Representative David N. Cicilline kicked off the hearing saying the panel had conducted a year-long investigation and found that these companies have “wielded their power in disruptive, harmful ways", which risk competition and the country’s democracy.

30 Jul 2020, 08:40:54 AM IST

Saudi Arabia may cut oil price as fresh supply meets demand slump

Saudi Arabia may have little choice but to reduce the price of its oil as OPEC and allied producers start to ease output curbs amid weakening demand that’s crashed the value of physical supplies, Bloomberg reported.

Aramco is expected to cut the official selling price for its flagship Arab Light grade by 48 cents a barrel for September sales to Asia, the median estimate in a survey of eight traders and refiners across the region shows.

On Wednesday, Brent crude futures settled at $43.75 a barrel, up 53 cents, or 1.2%. U.S. West Texas Intermediate crude futures settled at $41.27 a barrel, gaining 23 cents, or 0.6%.

30 Jul 2020, 08:34:43 AM IST

Bharti Airtel to be in focus today after June quarter earnings

Bharti Airtel on Wednesday reported a consolidated net loss of 15,933 crore for the June quarter as the company undertook a massive 11,746 crore charge, primarily for incremental provision and interest related to Supreme Court’s order on adjusted gross revenue definition last year.

In the corresponding quarter last year, the communications giant had posted a consolidated loss of 2,866 crore.

Operationally, the company had a strong quarter despite the covid-19 pandemic causing an unprecedented disruption.

Consolidated revenue from operations grew 15.4% year-on-year to 23,939 crore.

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30 Jul 2020, 08:28:08 AM IST

Stocks to Watch

In today's trade, shares of Reliance industries, InterGlobe Aviation, Bharti Airtel, GSK Pharma will be in focus.

RIL, HDFC, Dabur India, Piramal Enterprises, Indian Overseas Bank, among others, will announce June qtr earnings today

30 Jul 2020, 08:26:17 AM IST

SGX Nifty futures marginally higher

SGX Nifty futures were at 11,239.20, up 0.25%, indicating a flat to positive start for domestic indices.

The Sensex fell 421.82 points or 1.10% to end at 38071.13, while the Nifty was down 97.60 points or 0.86% at 11202.90.

30 Jul 2020, 08:23:28 AM IST

Asian equities gain in early deals on US Fed rate action

Asian stocks saw modest gains in early deals on Thursday following a strong overnight session on the Wall Street after the US Fed signalled more stimulus support for the economy ravaged coronavirus-related disruptions. It keep interest rates at record low which, however, weighed on the dollar.

Japan’s Topix index advanced 0.1%, Hong Kong’s Hang Seng added 0.4%, Shanghai Composite rose 0.2%, South Korea’s Kospi index gained 0.4% and Australia’s S&P/ASX 200 Index rose 0.7%.


30 Jul 2020, 08:02:44 AM IST

US stocks gain as Fed keep interest rates at record low

Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the US Federal Reserve kept rates at record low to support the economy.

U.S. stocks began rising as soon as trading opened, and momentum picked up after the Fed said in the afternoon that it will keep interest rates at their record low as the economy struggles through the recession created by the coronavirus pandemic.

It added it will use all its tools to support the recovery from an economic downturn that Chair Jerome Powell called the most severe “in our lifetime"

Tech stocks again helped lead the way.

The S&P 500 gained 40.00 points, or 1.2%, to 3,258.44 , the Dow Jones Industrial Average rose 160.29, or 0.6%, to 26,539.57, and the Nasdaq composite added 140.85, or 1.4%, to 10,542.94.

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