The market has opened on a tepid note. The Sensex is up 17.90 points at 19181.92 while the Nifty is up 4.50 points at 5682.40. About 216 shares have advanced, 96 shares declined, and 25 shares are unchanged.
10:00 am Boardroom: S Narsing Rao, Chairman and managing director of Coal India in an interview to CNBC-TV18 said that e-auction volumes remained flat but realisations slipped significantly to Rs 2,140 per tonne.
Rao further said production guidance will remain at 48 million tonne (MT). Though sales volume was up 2 percent (year-on-year) Y-o-Y, blended realisation de-grew around 2 percent Y-o-Y, he added.
9:50 am: Strides Arcolab surges 4 percent on the BSE as shareholders have approved FII investment limit to 74 percent from 52 percent in the company.
"As required under the FEMA Regulation, the Company has made necessary intimation to the Reserve Bank of India confirming the shareholders' approval for the increased Fll investment limit," the company said in a statement.
9:40 am Alert: As downward pressure continues on rupee and share prices, India has moved dangerously close to slipping out of the elite 14-member global league of stock markets having a trillion-dollar valuation, reports PTI.
Currently at USD 1.004 trillion, Indian market is managing to stick to its trillion-dollar tag by a wafer-thin margin of 0.4 percent and may lose this status by any further fall of this small magnitude in rupee or stock valuations.
According to the data available with the stock exchanges, the total value of all listed companies in the country has retained the trillion-dollar level by a margin of less than one per cent for many days now.
9:30 am Gainer: Financial Technologies continue to remain in focus today with a surge of around 8 percent on the BSE. NSEL has issued a proposed settlement cycle involving Rs 5,600 crore . NSEL said that Rs 2181 crore will be paid by members but the remaining Rs 3107 crore will be settle on weekly basis, but this was rejected by FMC.
9:25 am Record low: Shares in Coal India fell more than 2 percent to a record low of Rs 248 on poor April-June qaurter earnings . With such a downfall, the stock price is almost nearing its IPO price which was fixd at Rs 245 per share.
Its first quarter net profit falling higher-than-expected 16.5 percent year-on-year to Rs 3,731 crore, led by lower realisation from E-auctin sales.
Chairman and managing director, S Narsing Rao, in a press conference, said realisations from e-auction slipped significantly to Rs 2,140 per tonne in April-June quarter as against Rs 2,561/tonne Y-o-Y.
Net sales declined marginally to Rs 16,472 crore in April-June quarter from Rs 16,500.6 crore in a year ago period, which too came in lower than forecast.
9:20 am Big crash: State-owned Bharat Heavy Electricals ( BHEL ) shares crashes around 12 percent on the BSE. On Saturday it reported a dismal performance on every parameter as the first quarter standalone net profit halved to Rs 465.4 crore from Rs 920.9 crore in a year ago period, dented by weak power segment performance, despite higher other income.
Net sales dropped 23.7 percent to Rs 6,352.5 crore in April-June quarter from Rs 8,326.2 crore in corresponding quarter of last fiscal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) slipped 74.7 percent on yearly basis to Rs 283 crore and EBITDA margin plunged 890 bps year-on-year to 4.5 percent in the first quarter.
Rao further said production guidance will remain at 48 million tonne (MT). Though sales volume was up 2 percent (year-on-year) Y-o-Y, blended realisation de-grew around 2 percent Y-o-Y, he added.
9:50 am: Strides Arcolab surges 4 percent on the BSE as shareholders have approved FII investment limit to 74 percent from 52 percent in the company.
"As required under the FEMA Regulation, the Company has made necessary intimation to the Reserve Bank of India confirming the shareholders' approval for the increased Fll investment limit," the company said in a statement.
9:40 am Alert: As downward pressure continues on rupee and share prices, India has moved dangerously close to slipping out of the elite 14-member global league of stock markets having a trillion-dollar valuation, reports PTI.
Currently at USD 1.004 trillion, Indian market is managing to stick to its trillion-dollar tag by a wafer-thin margin of 0.4 percent and may lose this status by any further fall of this small magnitude in rupee or stock valuations.
According to the data available with the stock exchanges, the total value of all listed companies in the country has retained the trillion-dollar level by a margin of less than one per cent for many days now.
9:30 am Gainer: Financial Technologies continue to remain in focus today with a surge of around 8 percent on the BSE. NSEL has issued a proposed settlement cycle involving Rs 5,600 crore . NSEL said that Rs 2181 crore will be paid by members but the remaining Rs 3107 crore will be settle on weekly basis, but this was rejected by FMC.
9:25 am Record low: Shares in Coal India fell more than 2 percent to a record low of Rs 248 on poor April-June qaurter earnings . With such a downfall, the stock price is almost nearing its IPO price which was fixd at Rs 245 per share.
Its first quarter net profit falling higher-than-expected 16.5 percent year-on-year to Rs 3,731 crore, led by lower realisation from E-auctin sales.
Chairman and managing director, S Narsing Rao, in a press conference, said realisations from e-auction slipped significantly to Rs 2,140 per tonne in April-June quarter as against Rs 2,561/tonne Y-o-Y.
Net sales declined marginally to Rs 16,472 crore in April-June quarter from Rs 16,500.6 crore in a year ago period, which too came in lower than forecast.
9:20 am Big crash: State-owned Bharat Heavy Electricals ( BHEL ) shares crashes around 12 percent on the BSE. On Saturday it reported a dismal performance on every parameter as the first quarter standalone net profit halved to Rs 465.4 crore from Rs 920.9 crore in a year ago period, dented by weak power segment performance, despite higher other income.
Net sales dropped 23.7 percent to Rs 6,352.5 crore in April-June quarter from Rs 8,326.2 crore in corresponding quarter of last fiscal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) slipped 74.7 percent on yearly basis to Rs 283 crore and EBITDA margin plunged 890 bps year-on-year to 4.5 percent in the first quarter.
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