Nifty below 11,300, Sensex down 200 points; PSU banks, metal, auto drag

The project includes construction of roadbed, viaduct, major and minor bridges, RUBs, ROBs, track linking and general electrical works at both the approaches of rail cum road bridge at Ghazipur in connection with construction of new BG Line from Mau to Tarighat in Varanasi division of NE Railway and Danapur division of EC Railway in Uttar Pradesh.

The 38th annual general meeting of the company will be held on August 21, 2018. The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 mark and Sensex also down over 200 points trading at 37,269.

Among the sectors, metal, PSU bank and auto are down over 1 percent.

Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.Shares of carbon and graphite product manufacturing company HEG rallied as much as 5 percent in the morning to hit a fresh record high of Rs 4,559.80 on Thursday after reporting stellar performance for the quarter ended June 2018.Revenue from operations during the quarter grew by 673 percent to Rs 1,587 crore compared to Rs 205.35 crore in corresponding period last year. The sequential growth in revenue was 23 percent.

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Tata Motors, RIL, Apollo Tyres, Power Grid, HPCL, Orient Refractories

 Apollo Tyres, Emami, Exide Industries, Pidilite Industries, Tata Global Beverage, Torrent Power, Reliance Infrastructure, Aditya Birla Fashion, Astec Lifesciences, Ballarpur Industries, FDC, Gravita India, HEG, HFCL, Jayshree Tea, Jindal saw, Navneet Education, Orient Cement, Orient Paper, Poly Medicure, Repro India, TCI express, TPL Plastech, Triveni Engineering, V2 Retail, Zuari Agro Chemicals, Gateway Distriparks.

Indian Railways awards around 1 lakh tonne order for supply of rails.Q1 consolidated loss at Rs 1,863 crore versus adjusted loss of Rs 438 crore; revenue rises 14.7 percent to Rs 67,081 crore versus Rs 58,493 crore; JLR net loss at 210 million pound while standalone profit at Rs 1,188 crore versus loss of Rs 463 crore (YoY).Q1 consolidated profit rises 0.7 percent to Rs 2,248 crore versus Rs 2,233 crore; revenue jumps 21.4 percent to Rs 22,206 crore versus Rs 18,285 crore (YoY).Q1 profit jumps to Rs 24.4 crore versus Rs 0.7 crore; revenue increases 7.7 percent to Rs 1,627 crore versus Rs 1,510 crore (YoY).

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Looking to build a crorepati portfolio. Allocate 70% towards equities, balance in gold and bonds

The market might have hit fresh record highs in July, but individual investors’ portfolio be it stocks or mutual funds might not be showing similar optimism.

Momentum in markets is largely driven by a handful of stocks, which capped upside for most investor portfolios, as the broader market is still reeling under pressure.

A strong liquidity wave, which took small and midcaps to record highs in 2017, receded in 2018 as most investors preferred to book profits. The broader market was also hit by regulatory challenges as well as high valuations. A well-diversified portfolio would have minimised losses for investors, experts said. There is still time for investors to rework their portfolio to achieve their crorepati dream, even though benchmark indices might be hitting record highs on a daily basis“Most investors are upset that their portfolio value is not rising in sync with the Nifty. This is because they wanted alpha (higher than index or market return) like in previous bull runs and had most of their capital in small and midcaps based on hearsay or tips,” Deepak Jasani, Head – Retail Research, HDFC Securities, said.

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Sensex at a fresh record high, Nifty hits 11,300 for first time; ICICI Bank, BoB surge

Women's apparel maker TCNS Clothing started off the first session on a tepid note, opening flat at around issue price of Rs 716 and then slipped in to red with a percent loss.

The 1,125-crore initial public offer had received good response from institutional investors, subscribing 5.25 times during July 18-20.

The offer received bids for 5,79,79,780 equity shares against the total issue size of 1,09,99,828 shares.Benchmarks are marginally off their high points, but have continued to be in the green. The Nifty is hovering around 11,300.

The Sensex is up 70.51 points or 0.19% at 37407.36, and the Nifty up 15.90 points or 0.14% at 11294.30. The market breadth is positive as 1,284 shares advanced, against a decline of 575 shares, while 107 shares were unchanged.Shares of Bank of Baroda soared almost 8 percent on Monday morning as investors cheered its strong results for the June quarter.

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Market opens at fresh high, Nifty surpasses 11,200 for the first time, ITC leads the charge

Shares of ITC gained over 5 percent on Friday morning as investors cheered the company's strong financial results for the June quarter. 

Cigarette-to-soap maker ITC reported 10.08 percent year-on-year (YoY) increase in net profit at Rs 2,819 crore for the first quarter of FY19.

The rise in the bottom line was driven by growth in its non-cigarette businesses on the back of a favourable base and improved realisations from cigarettes.

During the review period, net sales stood at Rs 10,874 crore, up 9.20 percent on year, while earnings before interest, tax, depreciation, and amortisation (EBITDA) for the first quarter stood at Rs 4202.1 crore. EBITDA margin was 39.3 percent for the quarter.It’s a strong start to the market on Friday morning, with the Sensex and Nifty opening at a fresh record high and crossing 11,200 for the first time. 

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