Tata Steel, Cipla, Maruti, Sesa Sterlite and BHEL are top gainers while Wipro, Tata Power, Dr Reddy's Labs, Sun Pharma and Hero MotoCorp are among losers.
In the technology space, HCL Technologies lost 2 percent despite 13 percent sequential growth in profit for April-June quarter. Wipro declined 1.5 percent while TCS, Infosys and Tech Mahindra (ahead of numbers today) slipped marginally.
Sesa Sterlite, Maruti, Bharti, ITC and GAIL are top gainers in the Sensex. Among the losers are Axis Bank, Hindalco, TCS and BHEL.
Bharti Airtel, Indiaâs largest telecom operator, was the biggest gainer today, up 5.3 percent after solid growth in domestic wireless business. Engineering and construction major Larsen and Toubro topped the selling list throughout the session today, down 7.3 percent after weak earnings in Q1.
Bharti Airtel topped the buying list, up 5 percent followed by Hero Motocorp, ICICI Bank, Hindalco, HDFC, Lupin, PNB, Kotak Mahindra Bank and DLF with 2-4.5 percent.
Commercial vehicle maker Tata Motors and top lender State Bank of India plunged 2 percent each. Index heavyweight Reliance Industries slipped 1 percent followed by HDFC, Tata Steel and BHEL with 0.5-1 percent.
Larsen and Toubro topped the selling list, falling more than 5 percent followed by Sesa Sterlite with 3.5 percent after reporting weak set of results in the quarter ended June 2014. Citi downgraded LT to a neutral and lowered target price by 4 percent to Rs 1722, saying Q1 raised multiple red flags and it removed the stock from Asia focus list.
Larsen and Toubro, Sequent Scientific, MCX India, Idea Cellular, Wockhardt, Bharti Airtel, Tata Motors, Infosys and SBI are most active shares on exchanges.
Jyotivardhan Jaipuria, Bank of America Merrill Lynch expects earnings growth to improve in coming quarters. He believes that Indian market is shaping up for a big bull run.
Engineering and construction major Larsen and Toubro plunged nearly 8 percent post Q1 earnings. Sesa Sterlite and IDFC declined 2-3 percent on weak earnings in June quarater. HUL, Sun Pharma, BHEL, Ambuja Cements and DLF lost 0.4-1.3 percent.
Experts advise buying on such dips as they continued to be positive on Indian equity market on account of improvement in economic data and hopes of proper implementation of Budget announcements.
Hindustan Unilever surged 4 percent after reporting stellar performance in Q1FY15. HUL surpassed street expectations on every parameter with the first quarter (April-June) net profit growing 3.7 percent year-on-year at Rs 1,056.9 crore driven by strong revenue and operating performance. Profit in the year-ago period was Rs 1,019.3 crore.
Major largecaps like Reliance Industries, ICICI Bank, HDFC, TCS and Tata Motors tumbled more than 1.5 percent followed by ITC, HDFC Bank and ONGC with over 0.5 percent. Coal India kept its top position in the selling list, down 3 percent.
Realty major DLF and top coal mining company Coal India plunged 3.5 percent each followed by Reliance Industries, ICICI Bank, TCS, Kotak Mahindra Bank, Sesa Sterlite and Bajaj Auto with 1-1.6 percent.
Coal India topped the selling list, falling 2.6 percent followed by Reliance Industries, HDFC, TCS and Bajaj Auto with over a percent. ICICI Bank, HDFC Bank, ITC, Sun Pharma, Hindalco, Tata Steel and ONGC declined 0.3-0.9 percent.
Deepak Asher, Director, Inox group said, âIt has been our strategy to expand our multiplex business both organically and inorganically over the years. With this acquisition, we will strength en our position further in the industry as well as in the country, especially North India."
On Directorate General of Civil Aviationâs statement of possible audit due to engineering issues, the low-cost airline said that it has youngest fleet in the country with an impeccable safety record since operations began in May 2005. Its average age of aircraft being 4.5 years, it informed.
Macquarie has an outperform rating on the stock with an upgraded target of Rs 295 from Rs 241 on increased valuation of construction business on higher visibility of orders.
Profit of the company increased to Rs 145 crore in the quarter ended June 2014 from Rs 90.6 crore in same quarter last year, which was far ahead of analysts' expectations of Rs 134.2 crore. Revenue grew 24.8 percent year-on-year, in-line, to Rs 988 crore during the quarter.
Here are few top buzzing stocks picked by CNBC-TV18's analysts in trade today â Larsen and Toubro (LT), Bharti Airtel, SpiceJet, Delta Corp, Indoco Remedies and V-Guard.
Brokerage house CLSA maintains high-conviction buy on the stock. With Bhartiâs positive surprise in data traffic and margins, it upgraded FY15/17CL EBITDA by 3-4 percent.
Asiabridge Fund I LLC sold 5,50,805 shares of Sanghvi Movers.
Lakshon Electronics Pvt Ltd bought 20,49,909 shares of Provogue (India).
Provisions declined at Rs 325.6 crore in first quarter of current financial year compared to Rs 593.9 crore in previous quarter and Rs 368.1 crore in corresponding quarter of last fiscal that helped the bottomline. Provision coverage ratio stood at 57.56 percent as on June 30, said the bank in its filing.
Macquarie maintains outperform with a target of Rs 835 per share. The brokerage expects emerging markets strong growth momentum to continue and is hoping the US markets to pick up in second half, which was subdued due to lack of approvals in Q1FY15.
JP Morgan also maintains neutral with target price at Rs 230 as asset quality has sharply deteriorated on monsoons. It adds that problems in the agriculture sector are likely to accentuate in the near term, given recent crop failures in Maharashtra and MP and errant rainfalls.
The company had reported a net profit of Rs 4.96 crore during the same period last year. Net interest income grew by 41 percent at Rs 89 crore from Rs 63 crore last year, the company said in a release issued today.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today - Wipro, MM Financial, TVS Motors and a few stocks from the earnings aspect - PI Industries, Bayer Cropscience and Century Enka.
Morgan Stanley is underweight on the stock as it thinks Wipro is pricing in steep recovery in dollar revenue growth over the next two years, despite current growth still below that of peers and the industry. The brokerage expects dollar revenue growth to stay below peersâ at 10 percent/12.5 percent year-on-year in FY15/FY16.
HDFC Mutual Fund bought 2,00,000 shares of Centum Electronics.