Amid weak global cues, the Indian indices opened lower on August 5. Despite the sharp decline in Nifty and Sensex due to weak global cues, the market downturn presents potential buying opportunities for savvy investors.
Market Performance:
- Sensex:
- Down 1,310.47 points or 1.62% at 79,671.48.
- Nifty:
- Down 404.40 points or 1.64% at 24,313.30.
The Sensex plunged by 1,310.47 points, or 1.62%, at 79,671.48, while Nifty fell by 404.40 points, or 1.64%, at 24,313.30. This sharp decline reflects investor concerns over global economic conditions and market volatility. With 2,368 shares declining compared to only 442 advancing, the market sentiment remains bearish.
Companies Declaring Earnings Today:
- BEML
- Oil and Natural Gas Corporation
- Marico
- Bharti Airtel
- Aban Offshore
- Andhra Paper
- Avanti Feeds
- Bharti Hexacom
- BLS International Services
- Brigade Enterprises
- Century Enka
- Century Plyboards (I)
- Cupid
- Deepak Nitrite
- Devyani International
- Gujarat State Fertilizers & Chemicals
- Hawkins Cookers
- Hindustan Construction
- HG Infra Engineering
- Honeywell Automation India
- Mirza International
- Motherson Sumi Wiring India
- Mukand
- Orient Cement
- Paras Defence and Space Technologies
- Sandur Manganese & Iron Ores
- Sayaji Hotels
- Schneider Electric Infrastructure
- Som Distilleries & Breweries
- SMS Pharmaceuticals
- Sun Pharma Advanced Research Company
- Subex
- Suven Life Sciences
- TAJGVK Hotels & Resorts
- Tata Chemicals
- Tribhovandas Bhimji Zaveri
- Triveni Turbine
- Vijaya Diagnostic Centre
- V-Mart Retail
- VRL Logistics
SBI Shares Down 2% Post Q1 Earnings:
- Net Profit:
- Increased by around 1% to Rs 17,035.16 crore in the first quarter.
- On a sequential basis, net profit fell 17.7%.
- Fundraising:
- Central Board approved raising funds up to Rs 25,000 crore via Basel III compliant Additional Tier 1 Bonds and Tier 2 Bonds during FY25
