Index graphs run across a computer screen on the investment floor at Aviva Investors, in London, U.K. (Photographer: Jason Alden/Bloomberg News)
Live: Sensex, Nifty Fluctuate; India VIX Up 2.5%
Buzzing Stock: Sequent Scientific
- Trades at the highest level since September 2017
- Gains as much as 4% to Rs 120.25
- Up for the second straight day
- Has gained in four out of the last five trading sessions
- Up over 15% in the last five trading sessions
- Today's volumes are 36% higher than its 20-day average
- Stock trades in overbought territory with Relative Strength Index (RSI) at 73
- Has more than double from its 52-week low of Rs 51.7 on March 19, 2020
Earnings Reaction: RBL Bank
- Net Interest Income up 27.5% to Rs 1,041.3 crore
- Net profit down 47.5% to Rs 141 crore
- Provisions at Rs 500.2 crore from Rs 196.7 crore
- Gross NPA at 3.45% from 3.62% last quarter
- Net NPA at 1.65% from 2.05% last quarter
- Provisions for Covid-19 at Rs 240 crore this quarter
- Total provisions for Covid-19 at Rs 350 crore
- Majority of Covid-19 provisions towards credit card portfolio
- Moratorium down to 13.7% of loan book from 33% last quarter
- Collections in microfinance book was at 77% in July, as compared to the whole book being under moratorium in April.
- All numbers are standalone and compared on a year-on-year basis
Shares are off the day's low, after falling as much as 4.3% to Rs 174.
Stock Reaction: HT Media
The Board of Directors at a meeting held today have approved investment in Mosaic Media Ventures. The company is in the business of media and publishing, events along with database and customs research.
HT Media will invest up to Rs 6 crore post working capital adjustment and revenue linked milestone payment up to Rs 1 crore on a deferred basis.
The company will acquire 100% of paid-up share capital of Mosaic held by NWS Digital Asia and News Corporation, subject to finalisation of definitive agreements, the exchange filing said.
Shares gained as much as 5% to Rs 12.6, post the announcement.
Markets At Noon
- Benchmark indices pare losses, trade little changed
- Nifty unchanged at 11,297
- Sensex down 0.2% at 38,424
- Nifty Bank up 0.9% to 22,295
- Nifty Midcap Index up 1.2%
- Nifty Smallcap Index up 1%
- India Volatility Index up 2.2% to 24.2
- Nifty I.T. snaps three-day gaining streak; down 0.9%
- Nifty PSU Bank extends gains; up 2.6%
- Nifty Metal, Nifty Pharma, Nifty Realty gain over 1% each
- IndusInd Bank remains the top Nifty gainer; up 4.2%
- HCL Technologies is the top Nifty laggard; down 2%
- 1,188 stocks on the NSE trade with gains while 556 decline