At around 3.12 pm, the Nifty was performing at 11,111.80 down 91.05 points or 0.81%. Sensex was performing at 37,749.31 lower by 321.82 points or 0.85%.
Bearish sentiments were seen in banking, media, metal, NBFCs, realty and auto stocks.
Here is the list of bulls and bears of Thursday on Nifty:
Dr Reddy's Laboratories: The stock was performing at Rs4,518.40 per piece, surging by 5.03%. The company reported a consolidated net profit of Rs579.30cr in Q1FY21, down by 12.59% from Rs662.80cr a year ago same period. Consolidated revenue increased by 14.93% yoy to Rs4,417.50cr during the latest quarter.
Sun Pharma: The stock was trading at Rs512.45 per piece, zooming by 3.95%. Sun Pharmaceutical informed the exchanges that its subsidiary Taro Pharmaceutical will acquire Canada’s Aquinox Pharmaceutical for USD 8.2 million in cash. The transaction is expected to be completed on July 31, 2020.
Wipro: Trading at Rs284.20 per piece, the stock jumped by 2.60%. Wipro was named a leader in IDC MarketScape: Worldwide Life Science Drug Safety Services, 2019–2020 Vendor Assessment — Building for Innovation. The company has also presented its 74th AGM for FY20.
Maruti Suzuki: Trading at Rs6,279 per piece, the stock was higher by 1.52%. Maruti Suzuki, reported a net loss of Rs249.4cr during the period ending June 2020 (Q1FY21), compared to the net profit of Rs1,435.5cr recorded a year ago same period. On profitability, Maruti said, "It was partially offset by lower operating expenses and higher fair-value gain on the invested surplus."
Cipla: The stock was performing at Rs687.65 per piece, up by 0.94%. This week, Cipla received approval from the Drug Controller General of India (DCGI) for manufacturing of Favipiravir drug for the treatment of COVID 19 Patients on July 22, 2020.
BPCL: The stock was trading at Rs419.70 per piece, down 7.51%. The Department of Investment and Public Asset Management (DIPAM) extended the deadline for potential bidders to submit their Expression of Interest (EoI) for the state-owned company. Now the deadline is extended by another two months from previous July 31, 2020. The Indian government seeks to sell its controlling stake of over 52% of BPCL to private players.
IndusInd Bank: The stock was trading at Rs519.50 per piece, down 5.63%. The bank's board has approved a proposal to raise Rs3,288cr through a preferential issue. IndusInd posted a net profit of Rs460.64cr in Q1FY21, compared to Rs1,432.5cr in the corresponding period of the previous year. In the quarter, Net Interest Income (NII) increased to Rs3,309cr up by 16 % from Rs2,844cr for the quarter ended June 30, 2019.
Indian Oil: The stock was trading at Rs88.45 per piece, lower by 4.48%. IndianOil shall participate in a conference call to discuss the financial performance of the Company for the Q1 (FY 2020-21) on Tuesday, August 04, 2020.
HDFC: The stock was trading at Rs425.30 per piece, down 3.54%. The NBFC's net profit declined by 4.7% to Rs3,052cr in Q1FY21 compared to Rs3,203cr of Q1FY20. NII increased by 10% to Rs3,392cr in the latest quarter compared to Rs3079cr a year ago same period.
Axis Bank: The stock plunged by 3.53% and was trading at Rs1,811 per piece. The bank has introduced an Automated Voice Assistant ‘AXAA’, an artificial intelligence-powered conversational voice BOT.