Closing Bell: Bears Take Over The Market; Indices Give Up Gains And Shuttered In Red
In today's trading day, in the opening hours, bulls took control of the market and opened the bourses at all time high levels, but after the first hours, the bears took back the control from bulls. After that market started giving up gains.
At closing bell, Nifty was trading around 24,530.90 points, and NSE nifty 50 saw a major downside of 269.95 points in index amounting to 1.09 per cent
BSE sensex was taken over by bears and shuttered on the 80,604.65 levels. Downside, amounting to the 738.81, a sharp 0.91 per cent.
The Dalal Street Rejoices With Record-high Opening
The market saw a record-breaking opening of indices on the bourses today. The BSE Sensex touched an all-time high of 81,587.76 points in the opening minutes of the market. The sensex was trading at 81,342.97 points, downside of 0.08 per cent
The NSE nifty followed the foot steps of sensex and saw new record levels of 24,854.80 points. the Nifty was trading around 24,756.35 points at 9.28 am. Nifty was trading with a meager 0.19 per cent in the red.
Dalmia Bharat Limited Q1 Earnings
Total Income - Rs 3,671 Cr Vs Rs 3,681 Cr YoY
Total Expense - Rs 3,364 Cr Vs Rs 3,496 Cr YoY
Profit for the period - Rs 145 Cr Vs Rs 144 Cr YoY
South Indian Bank Q1 Earnings
Total Income - Rs 2,735.96 Cr Vs Rs 2,386.06 Cr YoY
Total Expense - Rs 2,228.51 Cr Vs Rs 1,895.52 Cr YoY
Profit for the period - Rs 293.90 Cr Vs Rs 202.58 Cr YoY
Trident Texofam Limited Q1 Earnings
Total Income - Rs 26.57 Cr Vs Rs 26.57 Cr YoY
Total Expense - Rs 25.65 Cr Vs Rs 22.98Cr YoY
Profit for the period - Rs 0.69 Cr Vs Loss of Rs 0.12 Cr YoY
L&T Technology Services Limited Q1 Earnings
Total Income - Rs 2,524.1 Cr Vs Rs 2,349.1 Cr YoY
Total Expense - Rs 2,091.4 Cr Vs Rs 1,918.0 Cr YoY
Profit for the period - Rs 313.9 Cr Vs Rs 312.1 Cr YoY
Infosys Earnings Q1
Infosys reported robust performance in Q1 with total income reaching Rs 40,153 crore compared to Rs 38,494 crore year-over-year (YoY).
The total expenses stood at Rs 31,132 crore, up from Rs 30,132 crore YoY. The company's profit for the period amounted to Rs 6,374 crore, showing growth from Rs 5,945 crore YoY.
Tata Communications Q1 Earnings: Net Profit of Rs 332.93 crore
Tata Communications made a net profit of Rs 332.93 crore in Q1 of FY25, compared to Rs 321.52 crore in the previous quarter or Q4 of FY24.
This was lower than the net profit that the company earned the same time last year, when in Q1 of FY24, the company made a net profit of Rs 381.75, marking a 12.89 per cent decline.
The Mumbai-based company saw its total income drop from Rs 5,748.70 crore in the last quarter to Rs 5,659.71 in the quarter that ended on June 30.
Nifty Junior Drops By Close To 1000 Points
Nifty Next 50 has dropped by 1.23 per cent or 907.80 points in the intraday trade on Thursday, July 18. The index slumped to 73,013.90 points. This is transpiring on a day, when other major indices have been trading in green.
Both BSE Sensex and NSE Nifty are currently trading in green, at the time of this update.
Reliance Shares Dip Before Earnings
Reliance Industries Limited is set to declare its quarterly results for the quarter that concluded on June 30 or Q1 of FY25.
The marquee company of the Mukesh Ambani-led Reliance group has wavered over the span of the day's trade on Thursday, July 18.
The company shares 13:13 IST dipped 0.13 per cent or Rs 4.20, reaching the price of Rs 3,148.30 per share.
Markets Turn A leaf And Trades In Green After Brief Downside On Opening
The Indian bourses saw an indices opening in red at the start of today's trading day. At 11.03 am, Sensex was up by 0.18 per cent. trading around 80858.62, the BSE index jumped 142 points. The Nifty bank was trading around 52365.20 , slight decline of 31.60 points amounting to 0.06 percent.
LTIMindtree was the one of the top gainers on NSE trading around Rs 5,736.30 per share, A jump of 3.13 per cent on indian bourses. Along with India Cement and Infosys, they were trading around Rs 343.65 per share Rs 1735.70 per share, respectively.
Markets In Red: Tata Steel Loses Over 1%
The Indian market resumed trading on Thursday, July 18, after a gap of a day. The marquee indices have not gotten off to the best start, as they are trading in red in the early hours of the session. The BSE Sensex slumped to 80,527.74, dropping by 188.81 points or 0.23 per cent. The NSE Nifty was also trading in red with a decline of 51.20 points or 0.21, slumping to 24,561.80.
Meanwhile, Nifty Bank also dropped by 11.20 points or 0.02 per cent, taking the overall value to 52,385.60.
Axis Bank, Sun Pharma and TCS were the top gainers, while Asian Paints and Tata Steel were amongst the laggards.
Century textiles and Industries Limited Q1 Earning
Century Textiles and Industries Limited reported consolidated earnings for Q1, with total income increasing to Rs 1,167.59 crore compared to Rs 900.70 crore in the same period last year (YoY).
The total revenue of the company also rose to Rs 1,109.54 crore from Rs 810.01 crore YoY.
Moreover, the company achieved a net profit of Rs 17.35 crore, an improvement from a loss of Rs 7.06 crore YoY.
The shares of the company on Tuesday closed at Rs 2,210.00, up by 5.17 per cent.
DB Corp Limited Q1 Result
DB Corp Limited reported consolidated earnings for Q1 with total income rising to Rs 616.2 crore from Rs 573.6 crore year-over-year (YoY).
The total revenue also surged to Rs 458.9 crore from Rs 446.99 crore YoY. The net profit for the quarter stood at Rs 117.8 crore, up from Rs 78.7 crore YoY.
The shares of the company at 3:26 pm IST were trading at Rs 364.70, down by 4.70 per cent
Bajaj Auto Q1 Earnings Results
One of the country's leading automaker, Bajaj Auto, has released its quarterly result for the first quarter of the new fiscal year.
According to the exchange filing, the auto company recorded a 2.70 per cent in its net profit for the period. The company accrued profit worth Rs 1,988.34 crore in Q1 FY25, compared to the sum of Rs 1,936.00 crore in the previous quarter.
The Pune-based company's total income according to standalone results also rose to Rs 12,248.96 crore, compared to Rs 11,833.34 in the previous quarter.
Jio Financial Service Q1 Earnings
Jio Financial in its Q1 earnings reported a total income of Rs 417.82 crore, up from Rs 414.13 crore year-on-year (YoY).
The total expenditure increased to Rs 79.35 crore from Rs 53.81 crore YoY.
Similiarty, the company's net profit decreased to Rs 312.63 crore from Rs 331.92 crore YoY.
The shares of the company on Monday at 3:30 closed at Rs 355.05, up by 1.34 per cent.
HDFC Life Q1 Earnings: Company Net Profit Jumps 16.35%
HDFC Life Insurance has published its results for Q1 of FY25. According to the exchange filing, the company made Rs 478.97 crore. In the previous quarter HDFC Life earned a total net profit of Rs 411.64 crore, according to the company's consolidated results. Marking a jump 16.35 per cent.
The percentage of gross NPA remained at 0.02 per cent. The NPAs remained at Rs 15.79 crore.
The company shares at 15:10 IST stood at Rs 639.35, rising by 0.60 per cent or Rs 3.80.
HDFC AMC Q1 Earnings
HDFC AMC reported its Q1 earnings, with total income increasing to Rs 948.71 crore from Rs 732.64 crore year-on-year.
The total expenditure of the company surged to Rs 196.46 crore from Rs 161.38 crore, The profit after tax (PAT) of the company stood at Rs 603.76 crore, up from Rs 477.41 crore in the same period last year.
The shares of the company at 3:01 pm IST were trading at Rs 4,175.00, up by 6.05 points or 0.15 per cent.
RR Financial Consultancy Q1 Earnings
RR Financial Consultancy reported its Q1 earnings, with total income rising to Rs 6.65 crore from Rs 5.44 crore year-on-year.
Furthermore , total expenditure also increased to Rs 6.28 crore from Rs 4.79 crore, leading to a net profit of Rs 0.26 crore, down from Rs 0.53 crore in the same period last year.
Bank Of Maharashtra Q1 Earnings: Net Profits Jump 6.22%
One of the largest public-sector banks in the country, Bank of Maharashtra, has filed its quarterly earnings for Q1 of FY25.
The bank made a total net profit (after tax) of Rs 1,293.68 crore in Q1 of FY25 compared to the numbers of Rs 1,217.91 in the previous quarter of Q4 of FY24, thereby marking a 6.22 per cent jump in its profits.
When it comes to the bank's total income, the Pune-based bank accrued a cumulative revenue of Rs 6,768.76 crore this quarter compared to Rs 6,488.48 crore in Q4 of FY24, marking a 4.31 per cent increase in total income.
The percentage of NPAs dipped to 1.83 per cent compared to 1.85 in the previous quarter.
The bank made a total net profit (after tax) of Rs 1,293.68 crore in Q1. | Image: Bank of Maharashtra
Tyre Shares Jump: JK Tyres Stocks Rise By Over 10%
The major tyre stocks listed on the Indian equity markets have been blooming in green on the first day of the new trading week.
This list of green shares includes the likes of Goodyear Tyre, whose stocks gained 2.60 per cent or Rs 30.95, climbing to Rs 1,221.60 per share in the early hours of the day's trade.
Nifty IT index at Life high
'NSE IT' index touched a lifetime high levels of 39,567 in the first hour of trading on monday 15 june, the index was trading around 39,219.
NSE IT index | nseindia.com
The top gainers in the index are HCL Tech, jumped Rs 44.30 and per share price touched Rs 1,604, MPhasis share were trading around Rs 2,734.50 Per share, a 1.63 per cent jump in the stock.
Tech giant TCS share were trading at Rs 4,214.80. A 0.74 per cent jump from previous closing of Rs 4,183 per share.
Stock Market– Indices Open in Green
The Indian markets opened in green on Monday, with Sensex at 80,686,up by 0.25 per cent, and Nifty at 24,587.60, up by 0.26 per cent.
Nifty Bank in the morning session was trading high at 52,330.05 also up by 0.15 per cent.
From the Sensex pack, HCL Tech, Tech Mahindra and Ultra Tech were among the major gainers in the morning session whereas, Asian paints, Tata Steel and Airtel were among the laggards.
From the Nifty tranche, HCL Tech, Tech Mahindra and Wipro were amongst the gainers, while Bharti Airtel, HDFC Life and Coal India were among the losers.
The Indian rupee opened at 83.54 against the dollar, gaining 0.01 per cent.
Companies to Release Q1 Earnings on Monday (July 15)
On Monday, as per the BSE filing around 36 companies are set to announce their quarterly earnings. Among the major companies, include Angel One Ltd., Den Networks Ltd., Hatsun Agro Product Ltd, HDFC Asset Management Company Ltd, HDFC Life Insurance Company Ltd, Jio Financial Services Ltd, Bank of Maharashtra, Modern Engineering and Projects Ord Shs, SpiceJet Ltd, and Udaipur Cement Works Ltd.
In addition, other companies scheduled to release their quarterly earnings include Adline Chem Lab Ltd, Atam Valves Ltd, Benaras Hotels Ltd, Davangere Sugar Company Ltd, Ganesh Housing Corporation Ltd, Jiya Eco-Products Ltd, KBC Global Ltd, Kellton Tech Solutions Ltd, Monarch Networth Capital Ltd., MR Price Group Ltd, Oasis Securities Ltd, Popees Baby Care Products Ltd, Rajoo Engineers Ltd, Rita Finance and Leasing Ltd, RR Financial Consultants Ltd, Scanpoint Geomatics Ltd. (SCANPGEOM), Sheetal Cool Products Ltd. (SCPL), Sayaji Hotels (Indore) Limited, Styrenix Performance Materials Ltd, Sybly Industries Ltd, Tahmar Enterprises Ltd, Tierra Agrotech Ltd, Tokyo Finance Ltd, Trinity League India Ltd, Vaghani Techno-Build Ltd, and Viceroy Hotels.
Earnings Q1FY25/Representative Image |
Upcoming Corporate Earnings – This Week
This week, Dalal Street is set for a busy period with over 190 companies scheduled to release their quarterly earnings.
Key companies to watch out this week include: Asian Paints, Bajaj Auto, Bharat Petroleum Corporation, HDFC Bank, HDFC Life Insurance Company, Infosys, JSW Steel, Kotak Mahindra Bank, LTIMindtree, Reliance Industries, UltraTech Cement, Wipro.
In addition to this the other important companies to release their Q1 result companies this week include: Aditya Birla Money, Angel One, Bank of Maharashtra, HDFC Asset Management Company, Havells India, ICICI Lombard General Insurance Company, Jio Financial Services, L&T Finance, L&T Technology Services, One 97 Communications (Paytm), Persistent Systems, Polycab India, Poonawalla Fincorp, PVR Inox, RBL Bank, SpiceJet, Tata Technologies, Union Bank of India, Yes Bank.
Stock Market |
Major Earnings - Last Week
As the earning season has kicked off, Last week company have announced their quarterly earnings last week including TCS, HCL Tech, DMart, IREDA, and GPL Hathway. In addition, other companies such as AFIL, Amal, Anand Rathi, DRC Systems, G.D Trading Agencies, GNA Axles, Marble City India, NELCO, PMC Fincorp, RO Jewels, SM Auto Stamping, Bhansali Engineering Polymers, Plastiblends India, Geojit Financial Services, and Excel Realty N Infra and so on have also announced their first fiscal year earnings.
Major Gainers and Losers - Last week
Among the Sensex pack, ITC lead the way, gaining 5.85%. It was followed by TCS (4.30%), Infosys (3.93%), Maruti (3.72%), and Tech Mahindra (3.03%).
On the losing side, M&M saw the steepest decline, losing 6.19%. It was followed by Tata Steel (-3.46%), JSW Steel (-2.07%), Bajaj Finance (-1.86%), and HDFC Bank (-1.44%).
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Market Performance – Last Week
The stock market on Friday (July 12) ended the week on a higher note.
On Friday, the Sensex gained 622 points or 0.78%, reaching 80,519.34, ending the day at a record closing level. Similarly, the NSE Nifty surged 186.20 points or 1.24%, hitting an all time high of 24,502.15.
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