Equity benchmarks continued to consolidate after two-day fall and investors looked for more corporate earnings. The 30-share BSE Sensex was down 4.30 points at 32,233.58 and the 50-share NSE Nifty rose 6.30 points to 10,019.95. The market breadth was marginally positive as about 972 shares advanced against 842 declining shares on the BSE.
Top NSE Gainers: Vedanta, Tata Steel, Hindalco, BPCL, GAIL
Top NSE Losers: Sun Pharma, Tata Power, Bosch, Dr Reddys Labs, Lupin
Best Intraday Tips for 4th July (Friday)
US FDA has issued 10 objections to the Bangalore unit of Biocon. The US FDA investigated between May 25 and June 3. The French regulator also expressed objections in the Bangalore unit.
On the basis of year-on-year basis, the profit in the first quarter of FY 2018 has decreased from Rs 103.3 crores to Rs 1.4 crores. In the first quarter, the income of the Ceat decreased from Rs 1646.2 crore to Rs 1628.6 crore.
In the first quarter on the basis of the first quarter, the Cit’s avitada has decreased from Rs 167.1 crore to Rs 27.6 crore. At the base of the first quarter, the Ceat’s EBITDA margin decreased from 11.4 per cent to 1.9 per cent.
Titan has not taken any decision yet to increase the prices of watches. Also, the company has cut the commission of all channel partners.
In the first quarter of FY 2018, Ujjivan has lost a loss of Rs. 75 crores. In the fourth quarter of fiscal year 2017, Ujjivan had a profit of Rs 19.3 crore. In the first quarter of fiscal year 2018, the income of Ujjivan has reached 323.4 million rupees. In the fourth quarter of fiscal year 2017, Ujjivan’s income was Rs 314.5 crore.
Goldman Sachs India bought 2.5 million shares of Goodyear at Rs 907 per share.