The domestic stock market ended Friday’s volatile session in the negative territory, weighed down by heavyweights Reliance Industries (RIL) and the HDFC twins. Weak global markets following disappointing US gross domestic product (GDP) data, too, dented investor sentiment.
The S&P BSE Sensex ended 129 points or 0.34 per cent lower at 37,607 while the Nifty50 index gave up the 11,100-mark to settle at 11,073, down 29 points or 0.26 per cent. India VIX declined nearly 3 per cent to 24 levels.
On a weekly basis, Sensex fell 1.36 per cent while NSE’s Nifty slipped 1 per cent.
Among individual stocks, shares of RIL ended 2 per cent lower at Rs 2,067 apiece on the BSE after the company reported a profit before tax (PBT) of Rs 8,542 crore against Rs 14,366 crore reported during the same quarter last year. The company’s net profit, however, rose about 31 per cent to Rs 13,233 crore against Rs 10,104 crore in the same quarter last year.
State Bank of India (SBI) ended over 2.6 per cent up at Rs 191.45 after the lender posted 36.8 cent rise in profit before tax (PBT) at Rs 5,559.7 crore for the quarter ended June 2020 (Q1FY21) on robust growth in net interest income.
The sectoral trend on the NSE was mixed. While pharma, PSU banks, and realty counters advanced, auto and private banks ended flat with negative bias. Nifty Pharma index gained the most – up 3.6 per cent to 11,148.90 levels.
In the broader market, the Nifty Smallcap 100 index gained over 0.8 per cent to 5,011 while the Nifty Midcap 100 closed 0.4 per cent higher at 15,471 points.
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The Indian stock market ended Friday’s volatile session on a flat note with negative bias led by selling in financial, auto, and metal counters. However, Reliance Industries (RIL) and IT stocks gave much-needed support.
The S&P BSE Sensex today ended at 38,129, down 12 points or 0.03 per cent while NSE’s Nifty ended 21 points or 0.19 per cent lower at 11,194 points.
Of 30 stocks on Sensex, 23 declined and the rest 7 advanced. HCL Tech (up over 4 per cent) ended as the top gainer on the index, followed by RIL (up 4 per cent) and Tech Mahindra (up over 3 per cent). On the flip side, Axis Bank (down over 3 per cent) emerged as the biggest loser.
During the day, the index hit a high and low of 38,235.73 and 37,748.41, respectively.
On a weekly basis, Sensex rallied 3 per cent while Nifty gained 2.68 per cent.
Among individual stocks, Reliance Industries continued to soar and hit a new high of Rs 2,162.80 on the BSE. The market capitalisation of the company breached Rs 14 trillion today. The stock ended at Rs 2,146, up over 4 per cent on the BSE.
Shares of Mphasis jumped over 14 per cent to Rs 1,118.70 on the BSE after the company’s April-June quarter (Q1FY21) earnings came in-line with Street estimate. Besides, signing of new deal worth $216 million deal in July 2020, in addition to the Q1 TCV declared wins worth $259 million, boosted sentiment.
In the broader market, the S&P BSE MidCap index slipped 0.6 per cent to 13,702.55 while the S&P BSE SmallCap ended at 12,967, down 0.23 per cent.
On the sectoral front, barring Nifty IT, all the other indices ended in the red. Nifty Bank declined 422 points or 1.83 per cent to 22,662 while Nifty Metal slipped over 2 per cent to 2,087.50 levels. Nifty IT, on the other hand, gained 1.4 per cent to 17,286 levels.
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The Indian stock market ended 1.5 per cent higher on Friday, led by buying in Reliance Industries (RIL), HDFC Bank, ICICI Bank, and HUL.
The S&P BSE Sensex settled 548 points or 1.5 per cent higher at 37,020 levels. Of 30 constituents, 25 advanced and the rest five declined. ONGC (up 5.5 per cent) ended as the biggest gainer on the index while TCS (down around 1.5 per cent) was the biggest loser. NSE’s Nifty advanced 162 points or 1.5 per cent to end at 10,902. Meanwhile, the volatility index, India VIX, slipped 5.4 per cent to 23.99 levels.
On a weekly basis, Sensex gained 1.16 per cent while Nifty added 1.24 per cent.
Sectorally, barring Nifty IT index, all the other indices ended in the positive territory. Nifty PSU Bank index rose 1.83 per cent to 1,431.60 levels while the Nifty Bank ended 1.7 per cent higher at 21,967 points. Nifty IT, on the other hand, slipped 0.62 per cent to 16,821 levels.
In the broader market, the S&P BSE MidCap gained 1.55 per cent while the S&P BSE SmallCap rose 1.11 per cent.
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Source: https://stockarchitect.com/sector/Other-Industrial-Products
ABOUT COMPANY:
Rossari Biotech Ltd. (RBL) is one of the leading specialty chemicals manufacturing companies in India. It is providing customized solutions to specific industrial and production requirements of customers that are primarily in FMCG, apparels, poultry and animal feed industries. RBL has well-diversified activities and has a vast product portfolio comprising home, personal care and performance chemicals, textile specialty chemicals, animal health and nutrition products. Besides India, the company’s operation is spread across 17 foreign countries. According to the F & S Report, as on 30th September 2019, RBL is the largest manufacturer of textile specialty chemicals in India and it providing textile specialty chemicals in a sustainable, eco-friendly yet competitive manner. As on May 31, 2020, it had a wide range of 2030 different products (consisting of 1543 products for textile specialty chemical alone).
The company derives 46.81% of its total revenues from its home, personal care and performance chemicals, 43.71% from textile specialty chemicals and the rest from animal feeds and nutrition products. To stay tuned with the time and demand of its customers, RBL keeps monitoring the fast-changing trends across the segment it deals with. The company enjoys a long term relationship with most of its top customers. In domestic markets, the company’s client list includes HUL, Arvind Ltd., Raymonds, Panasonic, IFB, Bosch, etc.
The company has its R & D facilities with two most modern facilities in the western region. As on 31st May 2020, it has a network of 204 distributors for the domestic market and 29 distributors across the 17 countries and two international offices in the primary markets of its reach.
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The Indian stock market ended Friday’s volatile session in the negative territory amid weak global cues. The relentless rise in Covid-19 cases both in India as well as on the global front weighed on investor sentiment. The S&P BSE Sensex slipped 143 points or 0.39 per cent to settle at 36,594 levels while NSE’s Nifty ended at 10,768, down 45 points or 0.42 per cent.
HDFC, HDFC Bank, ICICI Bank, and Axis Bank contributed the most to the Sensex’s fall. Axis Bank ended as the top loser on the index while Reliance Industries (RIL) ended as the biggest gainer – up around 3 per cent. RIL hit a fresh lifetime high of Rs 1,884.40 during the day before settling at Rs 1,878.50 on the BSE.
On a weekly basis, Sensex gained 1.6 per cent while Nifty rose 1.5 per cent.
The sectoral trends on the NSE remained mixed. While financials, metals and auto stocks declined in the trade, pharma, FMCG, and realty counters rallied. The Nifty Pharma gained 0.85 per cent to 10,072.25 levels. On the other hand, Nifty Bank slipped over 2 per cent to 22,398.45 points.
In the broader market, the S&P BSE MidCap index fell 0.72 per cent while the S&P BSE SmallCap index declined 0.35 per cent.
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Source: https://stockarchitect.com/sector/Other-Industrial-Goods
Source: https://stockarchitect.com/sector/Misc010Commercial-Services
Benchmark indices climbed off the day’s top but still ended around 0.5 per cent higher on Friday amid buying in IT, auto, and FMCG counters.
The S&P BSE Sensex ended at 36,021, up 178 points or 0.5 per cent, having risen to as high as 36,110 earlier in the day. The Nifty50 index settled above the 10,600 level at 10,607, up 56 points or 0.53 per cent. India VIX slipped 3 per cent to 25.69 levels.
On a weekly basis, Sensex gained 2.41 per cent while Nifty added 2.16 per cent.
Bharti Airtel (up 4 per cent) and Bajaj Auto (up 2.5 per cent) were the top Sensex gainers. Reliance Industries gained 1.5 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Jio Platforms for a 0.39 per cent stake.
Further, shares of defence companies rallied in the trade and climbed up to 12 per cent on the BSE after the Ministry of Defence (MoD) approved the purchase of weapons and equipment worth Rs 38,900 crore. Bharat Dynamics ended 12.55 per cent higher at Rs 375.80 on the BSE while Bharat Electronics gained 9 per cent to Rs 97.25
Moreover, JB Chemicals rose 3 per cent during the day after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company. The stock, however, ended flat. Meanwhile, HDFC Life gained around 4.5 per cent as the company will replace Vedanta on Nifty with effect from July 31.
In the broader market, the S&P BSE MidCap index rose 0.56 per cent while the S&P BSE SmallCap index gained 0.47 per cent
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