Share Market HIGHLIGHTS: Sensex ends 481 pts higher, Nifty reclaims 19,500; Cipla, Tech Mahindra rise up to 3.5%; SBI drops 3%

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Share Market HIGHLIGHTS | Sensex ends 481 pts higher, Nifty reclaims 19,500

Nifty 50

Nifty finishes at 19,517, up 0.7 per cent on Friday. 

Source: NSE

Sensex

Sensex ends 481 points higher at 65,721.25 on Friday.

Source: BSE

Share Market HIGHLIGHTS | Cipla, IndusInd Bank, TechM among the top gainers in the Nifty basket

Cipla, IndusInd Bank, TechM and Wipro are among the top gainers in the Nifty basket, trading with gains of around 4-2 per cent. On the other hand, State Bank of India, Bajaj Auto, BPCL and Maruti Suzuki are among the top losers, down around 3-1 per cent.

Source: NSE

Share Market Today LIVE | Zomato, LIC Housing Finance rise most among almost 331 gainers in BSE 500 universe

On the other hand, JM Financial, Mahanagar Gas, and Cummins India were the worst hit among 167 laggards.

Source: BSE

Share Market Today LIVE | IDBI, Lupin, MRF, other stocks hit 52-week high

As many as 14 hit a 52-week high from S&P BSE 200 basket.

SBI Q1 Results | Net profit grows 2.8 times, exceeds Street estimates; stock down over 1%

State Bank of India (SBI) — the country's largest lender — on Friday reported a net profit of Rs 16,880 crore for the April-June period, beating analysts' estimates. The state-run bank had registered a net profit of Rs 6,068 crore for the corresponding quarter a year ago.  Its net interest income (NII) — or the difference between interest earned and interest paid — came in at Rs 38,904 crore for the first quarter of the current financial year, according to a regulatory filing. The counter after the announcement, trades at Rs 583.2, down by Rs 7.3 or 1.24 per cent on NSE. Read more 

Mahindra & Mahindra Q1 Results | Net profit jumps 60% YoY to Rs 3,508 crore; stock up 2%

Mahindra & Mahindra (M&M) on Friday reports a consolidated net profit of Rs 3,508 crore for the quarter ended June 30, 2023, up 60 per cent year-on-year (YoY) against Rs 2,196 crore in the year-ago period. Consolidated revenue for the quarter under review comes in at Rs 33,892 crore, up 19 per cent YoY. The counter trades at Rs 1,496.65, up by Rs 27.5 or 1.87 per cent on NSE. Read more 

Nifty Today LIVE | HDFC Bank, RIL, Infy among top movers

HDFC Bank, RIL, Infy and ICICI Bank are the top movers in both the Nifty baskets at this hour. On the contrary, ITC, Sun Pharma, Bajaj Auto and PowerGrid Tech are among the top drag.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Stocks to Buy | IRCTC, Torrent Power, HAL, UltraTech Cement, Dixon Tech among anaysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, Sandeep Wagle, Sacchitanand Uttekar and Rajesh Palviya share their top recommendations for the day in this special segment. On the top analysts' 'buy' list are stocks such as IRCTC, RIL, Ambuja Cements, Torrent Power, HAL, UltraTech Cement and Dixon Tech. Read more 

Share Market Today LIVE | Zomato, Cipla, IRFC, other stocks hit 52-week highs

As many as 30 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | Sun Pharma slips over 1% after June quarter numbers; what lies ahead?

Shares of Sun Pharmaceutical Industries slips over 1 per cent, a day after the pharma major reported a 2 per cent decline in its consolidated net profit at Rs 2,022 crore for the first quarter ended June 30, 2023. The drug major reported a net profit of Rs 2,061 crore in the April-June period a year ago. The company said its adjusted net profit (excluding the exceptional items) for the June quarter stood at Rs 2,345 crore, up 14 per cent over the same period last year. Read more 

Share Market Today LIVE | LIC Housing Finance woos Street with better-than-expected profit, NII, sharp jump in NIM 

LIC Housing Finance shares soar on Friday, trading in large volumes after the housing finance company reported a mixed set of quarterly results. The LIC Housing Finance (LICHSGFIN) stock gain by as much as Rs 28.3 or 7.2 per cent to Rs 422.2 apiece on BSE, coming within Rs 25 of a 52-week high touched in September last year. As many as 2.8 lakh LIC Housing Finance shares changed hands on the bourse so far on Friday, as against a daily average of 95,000 in the past two weeks, according to provisional exchange data. Read more

Share Market Today LIVE | Eicher Motors surges 3% after Q1 results announcement; here is what top brokerages say 

Shares of Eicher Motors, the parent company of Royal Enfield bike manufacturer, surges as much as 2.9 per cent to Rs 3,478.15 apiece on the BSE on Friday (August 4), a day after the company released its June quarter numbers. 

For the June quarter, the company reported a consolidated net profit of Rs 918 crore, up 50 per cent on the back of strong sales across domestic and international markets. Total revenue from operations rose to Rs 3,986 crore in the first quarter as against Rs 3,397 crore in the year-ago period, Eicher Motors said in a regulatory filing. Read more 

Share Market Today LIVE | Analysts see Bharti Airtel stock growing 20% in a year as Street cheers telecom major's strong Q1 operational performance

Bharti Airtel shares register marginal gains on Friday, a day after the private sector telecom major reported a strong operational performance in the June quarter. The Bharti Airtel stock gain by as much as Rs 5.6 or 0.6 per cent to Rs 877.5 apiece on BSE. Zee Business Managing Editor Anil Singhvi said the company staged a strong operational performance. He sees support for Bharti Airtel futures at Rs 855 and a higher level at Rs 890. Read more 

Share Market Today LIVE | Zomato shares zoom nearly 14% to hit 52-week high after reporting profit for the first time since listing

Shares of Zomato skyrockets a day after the online food delivery firm reported its first-ever consolidated profit after tax (PAT) of Rs 2 crore for the April-June quarter of 2023–24 (Q1FY24), helped by a tax gain and strong orders in its food and grocery delivery businesses. The scrip jumped as much as 13.6 per cent to hit a 52-week high of Rs 98.40 on the NSE.
The counter trades at Rs 95.65, up by Rs 9.1 or 10.51 per cent on the NSE. The company posted a net loss of Rs 186 crore in the same quarter last fiscal.

Consolidated revenue from operations in the first quarter of the current fiscal came in at Rs 2,416 crore as against Rs 1,414 crore logged in the year-ago period, it added.
Besides, block deals worth Rs 1.74 crore took place in the early morning, as per a Zee Business report. Read more

Image source: Reuters/ Representational image