Wipro's Q1FY20 Result, Crude Oil Prices, and Top Cues in Focus Today

Thu, 18 Jul Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

On Wednesday, share markets in India traded on a positive note most of the day and ended marginally higher.

The BSE Sensex closed higher by 85 points to end the day at 39,216. Tech Mahindra and SBI were among the top gainers.

While the broader NSE Nifty ended up by 25 points to end at 11,688.

Among BSE sectoral indices, IT stocks gained the most by 0.9%, followed by FMCG stocks and finance stocks.

Top Stocks in Action Today

ICICI Bank share price will be in focus today as the lender has launched a new digital platform called 'InstaBIZ' targeted at micro, small and medium enterprises (MSMEs) and self- employed customers to enable them to undertake their business banking transactions digitally and instantly.

Cox & Kings share price will also be in focus today as the company has defaulted on its repayment obligations on commercial papers (CP) worth Rs 450 million, while interest of Rs 4.1 million could not be paid timely on bonds worth Rs 500 million.

Market participants will also track Tata Motors share price.

Reportedly, Tata Motors' wholly owned subsidiary - Jaguar Land Rover (JLR) will receive a 500 million pounds guarantee from the UK government to underwrite a planned 625 million pounds loan facility from commercial banks to develop the next generation electric vehicles and future mobility solutions.

To know more about the company, you can read Tata Motors' 2018-19 Annual report analysis on our website.

Results Corner

Wipro has reported a 12.6% jump in first-quarter profit boosted by robust demand from its key financial clients.

The Bengaluru-based company reported a net profit of Rs 23.9 billion for the three months ended June 30, compared with Rs 21.2 billion a year ago. Revenue rose 5.3% to Rs 147.16 billion.

Tata Elxsi has reported 30.8% fall in its net profit at Rs 487.9 million for June quarter as compared to Rs 705 million for the same quarter in the previous year.

DCB Bank has reported 16.6% rise in its net profit at Rs 810.6 million for the quarter under review as compared to Rs 695 million for the same quarter in the previous year.

Total income of the lender increased by 20.4% at Rs 9444.6 million for Q1FY20 as compared Rs 7842.6 million for the corresponding quarter previous year.

ACC share price, Cyient share price, and Trident share price will be watched out for today as these companies are set to announce their June quarter results later today.

You can also read our recently released Q1FY20 results: Infosys, TCS, IndusInd Bank, DCB Bank, Bajaj Consumer Care.

From the Banking Space...

Finance minister Nirmala Sitharaman has said that total non-performing assets (NPAs) of scheduled commercial banks (SCBs), after reaching a peak of Rs 10.4 trillion as on March 2018, dropped by Rs 1 trillion to Rs 9.3 trillion in the fiscal ended March 2019 (FY19) as a result of steps taken by the government.

She noted that the government has implemented a comprehensive 4R's strategy, consisting of recognition of NPAs transparently, resolution and recovery of value from stressed assets, recapitalizing of public sector banks (PSBs), and reforms in PSBs and the wider financial ecosystem for a responsible and clean system.

The minister also said that among others, change in credit culture with the Insolvency and Bankruptcy Code (IBC) fundamentally changing the creditor-borrower relationship, taking away control of defaulting companies, debarring willful defaulters from taking part in resolution process as well as raising funds from markets are the steps that have been employed.

Sitharaman further highlighted that comprehensive measures have been taken to prevent frauds including directions to banks to examine all NPA accounts above Rs 500 million from the angle of possible fraud, initiation of criminal proceedings, enactment of Fugitive Economic Offenders Act 2018, creation of Central fraud registry, empowering heads of public sector banks to request for issue of look out circular.

From the Commodity Space...

On Wednesday, crude oil regained little ground lost in the previous session, weighed down by industry data suggesting US crude inventories fell less than expected.

Crude inventories fell by 1.4 million barrels in the week to July 12 to 460 million barrels, the American Petroleum Institute (API) said on Tuesday.

The decline suggested production shut-ins caused by Hurricane Barry late last week had little impact on inventories. More than half of daily crude production in the Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, as most oil companies were re-staffing facilities to resume production.

Oil prices slumped on Tuesday on increased hopes for a return of Iranian crude to the global oil market after US President Donald Trump said progress had been made with Tehran, signaling tensions could ease in the Middle East.

However, Iran later denied it was willing to negotiate over its ballistic missile programme, contradicting a claim by US Secretary of State Mike Pompeo, and appearing to undercut Trump's statement.

Speaking of crude oil, catch Vijay Bhambwani talk about the impact of hike in excise duty and taxes on fuel in India. As per him, trading in crude oil offers excellent opportunities in nearly all market conditions due to its unique standing within the world's economic and political systems.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers