Sensex below 38,000-Mark, HUL, L&T Q1FY20 Results, and Top Stocks in Action Today

Wed, 24 Jul Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

On Tuesday, Indian share markets extended their decline for the 4th day as markets witnessed selling pressure during closing hours.

The BSE Sensex closed lower by 48 points to end the day at 37,983. SBI and HDFC were among the top losers.

While the broader NSE Nifty ended down by 15 points to end at 11,331.

Among BSE sectoral indices, finance stocks fell the most by 0.8%, followed by energy stocks and automobile stocks.

Top Stocks in Action Today

Dr Reddy's Laboratories share price will be in focus today as the company has launched Ramelteon Tablets, 8 mg, a therapeutically equivalent generic version of Rozerem (ramelteon, 8 mg) Tablets, approved by the US Food and Drug Administration (USFDA).

IndusInd Bank share price will also be in focus today as the lender is planning to raise up to Rs 200 billion by issuing bonds on a private placement basis from the domestic or foreign markets. The bank will put up the proposal before the shareholders in its ensuing annual general meeting to be held on August 16, 2019.

Market participants will also track Asian Paints share price, Quess Corp share price, and PI Industries share price as these companies are set to announce their June quarter (Q1FY20) results later today.

Results Corner

Zee Entertainment has reported 39.8% rise in its net profit at Rs 5121.9 million for the June quarter as compared to Rs 3664.9 million for the same quarter in the previous year. Total income of the company increased by 17% at Rs 18817 million for Q1FY20 as compared to Rs 16084.3 million for the corresponding quarter previous year.

DCM Shriram has reported 2.3% fall in its net profit at Rs 2141.5 million for the quarter under review as compared to Rs 2190.8 million for the same quarter in the previous year.

Just Dial has reported 48.6% rise in its net profit at Rs 572.7 million for the quarter under review as compared to Rs 385.3 million for the same quarter in the previous year.

HUL has reported 14.8% rise in its net profit at Rs 17,550 million for the quarter under review as compared to Rs 15,290 million for the same quarter in the previous year.

Total income of the company increased by 6.6% at Rs 1,02,610 million for Q1FY20 as compared Rs 96,220 million for the corresponding quarter previous year.

You can read our recently released Q1FY20 results: Bandhan Bank, Cyient, Rallis, Dabur, TVS Motors.

Gold Prices Slip

Gold prices dipped on Tuesday as the dollar strengthened, and some investors locked in profits ahead of the US Federal Reserve meeting next week.

Gold prices briefly surpassed US$ 1,450 mark for the first time in more than six-years last week after New York Fed President John Williams boosted hopes of an aggressive rate cut. However, the New York Fed said the speech was not about potential action at the upcoming meeting.

The US central bank is widely expected to lower interest rate at its meeting ending July 31, but expectations for a larger 50-basis point cut have waxed and waned due to mixed signals from Fed policymakers.

Despite ongoing massive rally in gold prices, the country's gold reserves remained unchanged at US$ 24.3 billion, according to the central bank data.

Both gold and silver prices have surged this week in India, reflecting a firming global trend. Watch Vijay Bhambwani talk about investing opportunities in gold.

From the Commodity Space...

Oil edged further above US$ 63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran's seizure of a British tanker last week, although signs of faltering demand capped gains.

Iran's capture of the tanker has sparked concern about supply disruptions in the Strait of Hormuz, a chokepoint in the Gulf through which about a fifth of the world's oil supply flows.

The tensions come as the United States is aiming to cut off Iran's oil exports and against the backdrop of supply cuts led by the Organization of the Petroleum Exporting Countries since the start of the year to prop up prices.

But due to strong growth in supply from the United States and other non-OPEC producers, oil supply is exceeding demand, according to the International Energy Agency, despite lower Iranian exports and OPEC's voluntary supply curbs.

Reports state that oil may gain further support from expectations of another drop in US crude inventories in weekly reports.

How this pans out remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

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