Market Update is a new playlist in our MMM channel introduced to cover the important data like previous day chart, results, top stocks, dividend and break out stocks for trading with ease.
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•Market Levels: Sensex settled at 38,310.49, down 59.14 points or 0.15%. Nifty declined 7.95 points or 0.07% to close at 11,300.45.
•Bharti Airtel: Share price tanked over 2% during the day after reports suggested that Morgan Stanley Capital International or the MSCI, a global index provider has reduced Bharti Airtel's weightage in its Emegin Markets Index.
•Eicher Motors' arm VECV: To acquire Volvo Group India's bus business
•IT stocks rally: US relaxes H1-B visa rules; LTI, Mindtree, HCL Tech hit fresh highs
Nifty Auto Index up: Government has allowed the sale and registration of electric vehicles without pre-fitted batteries
Important Data – Result Impact
Bharti Airtel: Ended off lows after MSCI weightage cut of the company could be reversed.
Tata Power Company: Share jumped more than 5 percent after the firm reported a consolidated profit of Rs 268.1 crore for the June quarter
eClerx Services: Share surged 20 percent after the company reported consolidated net profit at Rs 51.77 crore
Aurobindo Pharma: Stock shed over 5 percent after the company declared its June quarter numbers.
Ashok Leyland: Stock surged over 14 percent despite the company reporting a consolidated net loss of Rs 388.82 crore.
Power Finance Corporation: Stock gained almost 4 percent after the company's Q1 net profit rose 22.9 percent.
Kaveri Seed Company: Stock shed over 5 percent after consolidated net profit went up 28.7 percent at Rs 296 crore against Rs 230 crore YoY.
Aditya Birla Fashion and Retail :Stock price jumped over 10 percent after the company declared its Q1 numbers.