Live Indian Market Intraday Updates on 01 August 2019

Global woes, tepid quarterly earnings dent Indian shares


How well the EQSIS recommendations performed today 01 August?

1. EQSIS Intra: Short M&M below 544 Target 536.5 Stop above 550 CMP 545.5

Status: Stoploss

1. EQSIS Intra: Short WOCKPHARMA below 309.2 Target 304.5 Stop above 313 CMP 310.6

Status: Target


5:14:25 PM

Closing Bell: Global woes, tepid quarterly earnings dent Indian shares

The headline index Nifty shed 138 points to finish at 10,980 levels.  The NSE Nifty closed below the key 11,000-mark on Thursday amid mixed corporate earnings, unabated foreign fund outflows, weakness in global market and the US Federal Reserve’s comments a day earlier.

All sectoral indices, except Nifty Auto, ended lower for the day. The Nifty Metal & Nifty Media index being the biggest loser, down 3.1 percent each respectively, followed by Nifty PSU Bank declined 2.6 percent while Nifty Bank fell 1.7 percent for the day.

Foreign investors have been selling shares in Indian markets and in the month of July foreign portfolio investors sold shares worth Rs. 12,418.73 crore, data compiled by NSDL showed.

Top Nifty gainers, losers


12:43:38 PM

Market Update: Nifty gives up 11,000 mark

The NSE Nifty50 tumbled over a per cent each in Thursday’s afternoon trade and breached the crucial levels of 11,000 mark amid weakness in global markets. All the Nifty sectoral indices were trading in the red, led by metal, pharma and banking indices.

Nifty Metal was the underperforming sector, down over 2.5 percent dragged by Vedanta which dipped 4.5 percent followed by JSW Steel and Hindalco which also shed around 4 percent each.

Pharma sector stocks were also looking weak with Cipla, Sun Pharma and Dr Reddy’s being among the top losers in trade.


10:12:02 AM

Morning Update: Nifty trade lower on global cues; Metal, pharma stocks decline

The Nifty 50 index was down 71 points at 11,046 on Thursday. Domestic stock market index nifty were trading lower tracking global cues as both US and Asian markets fell on less-than-expected dovish remarks from the US Fed Reserve.

All the sectoral indices are trading in the red, with Metal, Pharma, Media and banking losing the most.

Infosys, Vedanta, Hindalco, Tata Motors, Infosys, HDFC Bank and Housing Development Finance Corporation (HDFC) were the top laggards on the Nifty.


9:50:40 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 1497.07 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 2479.38 crore as on July 31st, 2019.


9:49:30 AM

Nifty Earnings To Watch

  • Bharti Airtel
  • JK Tyre & Industries
  • Marico
  • CEAT
  • Godrej Consumer Products
  • JSW Holdings

9:05:05 AM

Earnings Reaction To Watchl

Eicher Motors Ltd

  • Total revenue grew to Rs 2382 crores in Q1 FY20, a decrease from Rs 2548 crores in Q1 FY20.
  • Net profit after tax to Rs 452 crores in Q1 FY20, a decrease from Rs 576 crores in Q1 FY20.
  • Earnings per share to Rs 165 in Q1 FY20, a decrease from Rs 210 in Q1 FY20.

Ajanta Pharma Ltd

  • Total revenue grew to Rs 612 crores in Q1 FY20, an increase from Rs 511 crores in Q1 FY20.
  • Net profit after tax to Rs 115 crores in Q1 FY20, an increase from Rs 106 crores in Q1 FY20.
  • Earnings per share to Rs 13 in Q1 FY20, an increase from Rs 12 in Q1 FY20.

9:03:49 AM

Top News Of The Day

Banks To Slow Down Lending

  • Several banks have expressed concern over a build-up of stress in their loans to automobile dealers and may tread cautiously, even slowing down on disbursements as the auto industry grapples with its worst sales slowdown in over a decade.

Crude Oil Prices Drops

  • Oil prices fell more than $1 on Thursday, after the U.S. Federal Reserve dampened hopes for a string of rate cuts and Sino-U.S. trade talks ended without progress. 

9:02:01 AM

Good Morning

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Article Info

Published Date: August 1, 2019
Author: Valarmurugan

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