- Hero MotoCorp shares slip 2% after June quarter profit plunges 95% YoY
- Nifty Pharma index rallies nearly 3%; Lupin surges 10%, Cipla, Cadila up 3%
- Greaves Cotton dips 3% post Q1 nos; Nagesh Basavanhalli steps down as CEO
- 3M India slides 4% on consolidated net loss of Rs 43 crore in June quarter
- Eicher Motors dips 3% after posting a loss of Rs 55 crore in June quarter
- Redington India in focus; shares jump 18% post June quarter nos
- BPCL dips 1% despite 93% YoY jump in Q1 PAT of Rs 2,076 cr, recovers later
- Stocks to watch: Tata Steel, telcos, Hero MotoCorp, Eicher Motors, BPCL
- Oil prices head for second weekly gain amid hopes for fuel demand recovery
- Market Ahead, Aug 14: All you need to know before the opening bell
MARKET LIVE: Indices rangebound, Sensex up 150 points; India VIX slips 4%
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Topics
Markets | MARKET LIVE | Hero MotoCorp
SI Reporter |
Last Updated at August 14, 2020 12:21 IST
EVENT HIGHLIGHTS
The Indian markets were trading higher in Friday's rangebound trade ahead of the SC hearing on telcos' AGR dues later in the day. Meanwhile, the volatility index, India VIX, dipped 4 per cent to below 20 levels.
The S&P BSE Sensex added 180 points at 38,490 levels and the Nifty50 index hovered around the 11,350-mark. Reliance Industries, Larsen & Toubro, and Sun Pharma (all up 1%) were the top Sensex gainers.
Besides, Eicher Motors slipped over 3 per cent in early deals after posting a net loss of Rs 55 crore in the June quarter results (Q1FY21). Hero MotoCorp was also trading lower after reporting a 95 per cent YoY dip in Q1 net profit.
The Nifty sectoral indies were trading largely in the green, led by Nifty Pharma index, up 2.5 per cent. On the other hand, Nifty Auto index dipped over 1 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.12 and 0.58 per cent higher, respectively.
The S&P BSE Sensex added 180 points at 38,490 levels and the Nifty50 index hovered around the 11,350-mark. Reliance Industries, Larsen & Toubro, and Sun Pharma (all up 1%) were the top Sensex gainers.
Besides, Eicher Motors slipped over 3 per cent in early deals after posting a net loss of Rs 55 crore in the June quarter results (Q1FY21). Hero MotoCorp was also trading lower after reporting a 95 per cent YoY dip in Q1 net profit.
The Nifty sectoral indies were trading largely in the green, led by Nifty Pharma index, up 2.5 per cent. On the other hand, Nifty Auto index dipped over 1 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.12 and 0.58 per cent higher, respectively.
Earnings today
A total of 231 companies including Glenmark Pharma, Berger Paints, and HIndalco Industries are scheduled to announce their June quarter earnings today.
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