Indices end marginally lower in volatile trade

Closing Bell

Key stock indices ended marginally lower after trading in a narrow range for most for the day.

Sectors that showed weakness include Healthcare, Telecom, Oil & Gas and Power which met with moderate losses, while Auto and Metals scored marginal gains.

After opening higher at 35, 168.30, the Sensex touched a high of 35, 233.91 in early trades. However, lack of follow-up buying support amidst a mild sell-off exerted pressure on the index.

The 30-share index ended 45.72 points, or 0.13 per cent, lower at  34,980.21, while the NSE Nifty has shed 6.05 points, or 0.06 per cent, at 10,306.35.

Major gainers include Maruti, Nestle, ICICI Bank, Ultracemco, Tata Steel and NTPC, and top losers were PowerGrid, Sun Pharma, Bharti Airtel, ITC, ONGC and Reliance Industries.

 

NIFTY TOP GAINERS AND LOSERS

 

NIFTY CHART

 

2.45 pm

SENSEX STOCKS

Sensex stocks

 

2.40 pm

 

 

2.35 pm

 

2.20 pm

BEL jumps 8 per cent intraday on strong earnings

 

Shares of Bharat Electronics (BEL) jumped 8 per cent intraday but gave up some of the gains later on BSE on June 30,  The stock was trading at Rs 89, up nearly 2 per cent on the bourses.

The stock rose today after the company reported year-on-year (YoY) rise in March quarter net profit.

The net profit of the company to Rs 1,046.97 crore in Q4FY20 as against Rs 215.09 crore during the corresponding quarter of the previous financial year.

Sales rose 51.43 percent YoY to Rs 5,728.57 crore in Q4FY20 against Rs 3,782.87 crore in Q4FY19.

1.50 pm

SENSEX STOCKS

Sensex stocks

 

1.45 pm

 

1.35 pm

Nifty Call

Nifty 50 July Futures (10,273)

Taking positive cues from the bullish Asian markets, both the Sensex and the Nifty started the session with a gap-up open. The Nikkei 225 has advanced 1.3 per cent to 22,288 levels, and Hang Seng index has climbed 0.3 per cent to 24,376 levels in today's session

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12.50 pm

Mid session

Key indices in a narrow range

After opening sharply higher, key stock indices moved in a narrow range for nearly 3 hours. Stocks were mixed in their movements with Metals, Auto and Realty rising over 1 per cent, even as healthcare and telecom are trading marginally lower from their yesterday's closing levels.

The 30-share index was trading 151.69 points, or 0.43 per cent, higher at  35,113.21, while the NSE Nifty rose 45.50 points, or 0.44 per cent, to  10,357.90

 

12.20 pm

Steel Strips jumps 7 per cent intraday on new export orders

Steel Strips Wheels share price jumped over 7 per cent intraday on June 30 after the company received new orders for over Euro 100K from Europe and the US.

SSWL informed the NSE on June 22 that it has bagged firm exports orders for over 12,000 wheels for EU & US Caravan Trailer & US Mobile Home Market to be executed within July from its Chennai plant.

Total revenue that would accrue by this additional order would be over $3,15,000.

The stock gained Rs 24.35, or 5.80 per cent, to Rs 443.65 on the NSE.

This reaffirms gradual re-start of operations in EU & US post Covid lockdown. Additional orders are expected in coming weeks from several other regular customers as the market beains to recover.

Repetitive orders are expected in coming weeks from several other regular customers as the market begins its recovery, the company added.

11.45 am

 

11.40 am

 

11.30 am

HUDCO advances 5 per cent post Q4 numbers

Shares of state-owned Housing & Urban Development Corporation (HUDCO) continued its rally further and rose 5 per cent today. The stock was quoted at Rs 35.15, up by Rs 1.70, or 5.08%, over yesterday's close.

The stock closed yesterday (June 29) at 20 percent upper circuit after the company reported stellar performance in Q4.

HUDCO reported a whopping 86.6 per cent year-on-year growth in consolidated profit at Rs 440.9 crore for the quarter ended March 2020, driven by operating as well as revenue performance.

Consolidated revenue from operations in Q4FY20 grew by 28.1 per cent to Rs 1,888.5 crore compared to year-ago.

10.45 am

 

Tata Steel gains strength, up 4.50 per cent

 

Shares of Tata Steel advanced today on the bourses on buying by institutional investors after the company announced its fourth quarter results yesterday.

The stock was up by Rs 14 or 4.50 per cent to Rs 334.80 on the NSE.

On Monday, Tata Steel has reported a net loss of ₹1,615 crore in the March quarter against the net profit of ₹2,295 crore logged in the same period last year on the back of ₹3,141-crore impairment charges and weak realisation.

Sales were down 20 per cent at ₹32,867 crore (₹41,186 crore). The company has announced a dividend of ₹10 per share and ₹2.504 per partly paid share.

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10.20 pm

 

Bharat Dynamics jumps 12% on Q4 earnings report

Shares of Bharat Dynamics climbed 12 per cent on the bourses today on the back of strong Q4 results.

The stock rose Rs 36.20 or 12 per cent, to Rs 337.75 on the BSE.

Bharat Dynamics reported 149.51% surge in net profit to Rs 309.72 crore as compared to Rs 124.12 crore in the same quarter of fiscal year 2019 on 57.17% rise in

The compnay's total income rose to Rs 1,416.70 crore in Q4 March 2020 rising over 65 per cent over Q4 March 2019.

The Board of Directors of the company have recommended a final Dividend of Rs 2.55 per share (face value of Rs.10/-each) for the year ended 31.03.2020. This Dividend upon approval by the shareholders at the ensuing Annual General Meeting(AGM) will be paid within 30 days from the date of AGM, as stated in the BSE release.

The company had earlier declared an interim dividend of Rs.6.25/- per share and the total dividend for the FY 2019-20 declared by the company is Rs.8.80 per share (face value of Rs.10/-each)

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9.45 am

 

9.25 am

Opening Session

Domestic equities opened higher taking cues from strong global markets. Nikkei, Hang Seng and Taiwan stock markets were trading higher in the morning session.  Asian markets rose after China's manufacturing sector grew more than expected in June, a hopeful sign of recovery for the global economy

The BSE benchmark Sensex climbed 200 points in the opening trade today, led by strong buying in Tata Steel, Axis Bank, IndusInd Bank, SBI, Bajaj Finance, UltraCemco, Asian Paint, ICICI Bank, L&T and Bhart Airtel.

The 30-share index was trading 195.53 points or 0.56 per cent higher at 35,157.05.

On the BSE, advancers to decliners ratio was 2:1, with the scrips that advanced were 1,280 and the number of decliners was 607.

Similarly, NSE Nifty rose 62.55 points or 0.60 per cent to 10,374.95.

 

9.10 am

 

9.05 am

Oil prices slip as weak Japan data exposes market jitters

 

Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease.

READ MORE

 

9 am

Asia stocks up as China PMI, US data cheer markets

 

Asian shares rose on Tuesday after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

READ MORE

8.55 am

Wall St ends higher on Boeing bump, stimulus eyed

 

Wall Street stocks closed higher on Monday and the S&P 500 was poised to clinch its biggest quarterly percentage gain since 1998 as investors hoped for a stimulus-backed economic rebound, while a surge in Boeing shares helped boost the blue-chip Dow.

READ MORE

Published on June 30, 2020