Get App
POST-MARKET REPORT
Indian markets gave up most of their morning gains on August 1 and ended the day with a modest increase.
The Sensex reached a new record high of 82,129.49 points, while the Nifty crossed the 25,000 mark for the first time. At the close, the Sensex stood at 81,867.55, up by 0.15 points, and Nifty closed at 25,010.9, up by 0.24 percent.
Coal India, Power Grid Corp, Shriram Finance, Dr Reddy’s Labs, and ONGC were among the top gainers on the Nifty, while losers were M&M, Hero MotoCorp, Tata Steel, Bajaj Finserv, and SBI.
Among sectoral losers, Nifty Media led with a 1.9% drop, followed by Nifty Realty and Nifty PSU Bank, down 1.7% and 1% respectively. Consumer Durables and IT indices fell 0.5% and 0.4%. On the gainers’ side, Nifty Oil and Gas rose by 0.4%, and Nifty Healthcare increased by 0.3%.
The Nifty Midcap index also touched a fresh high of 59,290.05, intraday, but ended 0.85 percent lower at 58,490.40.
STOCKS TODAY
Sapphire Foods India: Shares jumped 3 percent after brokerages reiterated bullish calls on the stock after the Pizza Hut and KFC operator reported in-line earnings for the quarter ended June 2024.
Coal India: Shares rose 3.5 percent after the company reported a 4.2 percent YoY rise in consolidated net profit and a 1.3 percent increase in its revenue for the quarter ended June.
Teamlease Services: Shares fell 7 percent after the company reported a year-on-year decline in its net profit, EBITDA, and operating margin for the June quarter.
KRBL: Shares of the Basmati rice exporter dropped 7.5 percent after the company reported a weak set of June quarter results. Its profit plunged over 55 percent YoY to Rs 86.6 crore and revenue from operations fell a little over 15 percent.
GE T&D India: Shares were stuck in a 5 percent upper circuit after it reported a multi-fold rise in its net profit to Rs 134.5 crore during the June quarter, mainly on account of higher income.
Aster DM Healthcare: Shares gained 6 percent after its first-quarter revenue rose over 19 percent, in line with analysts’ estimates. The company’s revenue from operations increased nearly 24 percent.
Sonata Software: Shares tanked 9.5 percent after the IT firm reported a consolidated profit after tax of Rs 105.60 crore, down 4.3 percent sequentially or 12 percent YoY.
Relaxo Footwears: Shares fell 2.5 percent after the company reported a weak set of June quarter. The company’s profit after tax (PAT) fell 21 percent YoY to Rs 44 crore.