EOD Update 01-08-2019


Sebi fines IIFL Securities for violating stock brokers norms

https://economictimes.indiatimes.com/markets/stocks/news/sebi-fines-iifl-securities-for-violating-stock-brokers-norms/articleshow/70471237.cms

US Central Bank Cuts Interest Rates For First Time Since 2008

Fed Chairman Jerome Powell cited signs of a global slowdown, simmering US trade tensions and a desire to boost too-low inflation in explaining the central bank’s decision to lower borrowing costs.

Trump says Fed’s Powell ‘let us down’ on interest rate decision
Trump said the market wanted a signal that a “lengthy and aggressive rate-cutting cycle” was under way.

Sales Slumps In China, India Clobber Automakers Banking On Asia For Growth

Hit by a slowing economy, the US-China trade war and the chaotic implementation of new emission rules, vehicle sales logged a 12th straight month of declines in June.

DHFL Pramerica to be renamed PGIM India MF
The acquisition, announced in Dec 2018, has received all required approvals from Sebi.

Eicher Motors Shares Fall After Earnings Announcement

Royal Enfield sales declined 19 per cent to 181,966 motorcycles in the first quarter of the current financial year, Eicher Motors said.

Uttam Value Standalone June 2019 Net Sales at Rs 479.05 crore, down 29.83% Y-o-Y

https://www.moneycontrol.com/news/results/uttam-value-standalone-june-2019-net-sales-at-rs-47905-crore-down-2983-y-o-y_12825181.html

Container Corp Standalone June 2019 Net Sales at Rs 1,638.93 crore, up 4.51% Y-o-Y

India Is Only Major Asian Nation That’s Growing Its Export Share

India’s share of world exports rose to 1.71 per cent in the first quarter of 2019 from 1.58 per cent in the fourth quarter of 2017, data compiled by Bloomberg show.

LPG Cylinders Become Cheaper From Today

The latest downward revision in the non-subsidised LPG prices follows a reduction of Rs 100.50 per cylinder in July.

Stronger Demand Boosts India Factory Activity In July: Survey

The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, rose to 52.5 in July from June’s 52.1.

Global Gold Demand Rises By 8% In April-June: World Gold Council

As per the report, central banks’ demand grew by 67% as they bought 224.4 tonnes of gold in April-June 2019, compared to 152.8 tonnes a year ago.

  • Sadbhav Infra wins arbitration award against NHAI worth Rs 56.4 cr
  • Magma Fincorp Standalone June 2019 Net Sales at Rs 559.01 crore, up 4.79% Y-o-Y
  • Varun Beverages Standalone June 2019 Net Sales at Rs 2,455.75 crore, up 41.25% Y-o-Y
  • Godrej Consumer Consolidated June 2019 Net Sales at Rs 2,348.75 crore, down 5.14% Y-o-Y

Marico Q1 net profit jumps 21% to Rs 315 crore
The revenue of the company was up 7 percent at Rs 2,166 crore against Rs 2,027 crore.

Bharti Airtel posts Q1 loss of Rs 2,866 crore; ARPU increases
The average revenue per user (ARPU) was up 5.1 percent at Rs 129 versus Rs 123, QoQ.

Jeff Bezos Sells $1.8-Billion Amazon Shares: Report

Between July 29 and July 31 Jeff Bezos sold a little over 900,000 shares of the e-commerce giant when its stock price was around $1,900 a share.

Bharti Airtel Reports Loss Of Rs 2,866 Crore In June Quarter

In the fourth quarter of financial year 2018-19, Bharti Airtel had posted a net profit of Rs 107.2 crore, up 29.31 per cent on a year-on-year basis.

Indiabulls Vent Consolidated June 2019 Net Sales at Rs 710.27 crore, up 106.12% Y-o-Y

https://www.moneycontrol.com/news/results/indiabulls-vent-consolidated-june-2019-net-sales-at-rs-71027-crore10612-y-o-y_12827781.html

LG Balakrishnan Consolidated June 2019 Net Sales at Rs 367.83 crore, up 0% Y-o-Y

https://www.moneycontrol.com/news/results/lg-balakrishnan-consolidated-june-2019-net-sales-at-rs-36783-crore0-y-o-y_12827801.html

BSE StAR MF processes 43.55 lakh transactions in July

https://www.moneycontrol.com/news/business/bse-star-mf-processes-4355-lakh-transactionsjuly_12828421.html

Bharti Airtel Standalone June 2019 Net Sales at Rs 12,833.10 crore, up 3.34% Y-o-Y

https://www.moneycontrol.com/news/results/bharti-airtel-standalone-june-2019-net-sales-at-rs-1283310-crore334-y-o-y_12828921.html

Dhampur Sugar Standalone June 2019 Net Sales at Rs 880.28 crore, up 23.32% Y-o-Y

https://www.moneycontrol.com/news/results/dhampur-sugar-standalone-june-2019-net-sales-at-rs-88028-crore2332-y-o-y_12828961.html

Marico Standalone June 2019 Net Sales at Rs 1,777.00 crore, up 5.48% Y-o-Y

https://www.moneycontrol.com/news/results/marico-standalone-june-2019-net-sales-at-rs-177700-crore548-y-o-y_12829001.html

Supreme Court To Hear Jaypee Group’s Plea Against Tribunal Order

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of NCLAT.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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