Business News›Markets›Stocks›Podcast›Market Watch: How is the market reading India Inc's Q1 earnings?
Tune in now for Markets news, views & cues
Market Watch (ET Online)
How is the market reading India Inc's Q1 earnings?
05:33 Min | July 27, 2021, 7:34 PM IST
Tune in as we analyse the market undercurrent, outlook on India Inc's earnings and Nifty Bank and much more!
Transcript
Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Sabari Saran and here are the top headlines at this hour.
IndusInd Bank Q1 PAT surges 112% YoY to Rs 975 cr
IndiGo reports net loss of Rs 3,174 crore in Q1
Axis Bank buys 5.55% stake in IBBIC
Flipkart challenges Karnataka HC order on CCI probe in SC
FMCG revenue growth seen doubling to 10-12% this fiscal
Let us take a quick glance at what happened on Dalal Street today.
Domestic benchmark indices wiped off early gains and extended their losses to a second straight session, thanks to disappointing performance by India Inc. in June quarter. Weak global cues added to the woes of the investors. Led by Dr Reddy's, pharma stocks dragged the benchmark indices the most. Metals, coffee and textile stocks shined during the day. BSE Sensex declined 274 points and closed at 52,579. Nifty50 shed 78 points to settle just below 15,750 for the day. BSE midcap and smallcap index ended the day in the red. Fear gauge India VIX jumped 6 per cent, crossing the 13 mark.
On BSE Sensex, Dr Reddy's Labs tanked over 10 per cent. Axis Bank shed 3 per cent, whereas Kotak Mahindra Bank and Sun Pharma each declined 2 per cent. HDFC, M&M, Asian Paints, ITC and Reliance gave up over a per cent each. On the flip side, Tata Steel jumped 3 per cent and Bajaj Finserv gained 2 per cent. SBI, Bajaj Finance and Nestle added a per cent each. Over 500 stocks hit upper circuit limits for the day and 190 stocks tested their 52-week highs during the day.
We have Ajit Mishra from Religare Broking with us to share his views on the day's action and the road ahead:
Welcome to the show sir:
1. What led to profit booking in the second half of the session?
2. What is your take on India Inc's earnings for June quarter so far?
We also caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
1. Nifty50 did not breach the 15,700 mark. What do the technical charts suggest about it?
2. What is your take on Nifty Bank?
Asian markets ended mixed for the day. Major European markets were trading with losses in the first few hours of trade. US stock futures were down, hinting towards a negative start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
IndusInd Bank Q1 PAT surges 112% YoY to Rs 975 cr
IndiGo reports net loss of Rs 3,174 crore in Q1
Axis Bank buys 5.55% stake in IBBIC
Flipkart challenges Karnataka HC order on CCI probe in SC
FMCG revenue growth seen doubling to 10-12% this fiscal
Let us take a quick glance at what happened on Dalal Street today.
Domestic benchmark indices wiped off early gains and extended their losses to a second straight session, thanks to disappointing performance by India Inc. in June quarter. Weak global cues added to the woes of the investors. Led by Dr Reddy's, pharma stocks dragged the benchmark indices the most. Metals, coffee and textile stocks shined during the day. BSE Sensex declined 274 points and closed at 52,579. Nifty50 shed 78 points to settle just below 15,750 for the day. BSE midcap and smallcap index ended the day in the red. Fear gauge India VIX jumped 6 per cent, crossing the 13 mark.
On BSE Sensex, Dr Reddy's Labs tanked over 10 per cent. Axis Bank shed 3 per cent, whereas Kotak Mahindra Bank and Sun Pharma each declined 2 per cent. HDFC, M&M, Asian Paints, ITC and Reliance gave up over a per cent each. On the flip side, Tata Steel jumped 3 per cent and Bajaj Finserv gained 2 per cent. SBI, Bajaj Finance and Nestle added a per cent each. Over 500 stocks hit upper circuit limits for the day and 190 stocks tested their 52-week highs during the day.
We have Ajit Mishra from Religare Broking with us to share his views on the day's action and the road ahead:
Welcome to the show sir:
1. What led to profit booking in the second half of the session?
2. What is your take on India Inc's earnings for June quarter so far?
We also caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
1. Nifty50 did not breach the 15,700 mark. What do the technical charts suggest about it?
2. What is your take on Nifty Bank?
Asian markets ended mixed for the day. Major European markets were trading with losses in the first few hours of trade. US stock futures were down, hinting towards a negative start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
Also Listen
ET Market Watch: Sensex and Nifty close in the green, RIL limits gains
Apr 23, 2024, 09.56 PM IST LISTEN02:42
