The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Profit taking is likely to cap further gains after the sharp rally yesterday
Markets likely to open flat but profit taking at higher levels may cap further gains
The 30-share Sensex ended up 145 points at 20,609 and the 50-share Nifty ended up 54 points at 6,127
Volumes on both the stock exchanges is over 3% of the paid-up equity capital
Axis Bank, ICICI Bank, HDFC, HDFC Bank and SBI up 2-3% among the top gainers
The market breadth in BSE remains firm with 1,300 shares advancing and 983 shares declining
Indices staged a recovery tracking gains in Asia with financial shares leading the gains
Kotak Mahindra (Int'l) and Citigroup Global Markets bought an aggregate 1.74 million shares at Rs 300 per share on BSE.
Benchmark indices gained momentum on Tuesday morning as financial heavyweights HDFC, ICICI Bank, State Bank of India, and HDFC Bank gained by 1-2% each.
The stock trading almost flat at Rs 305, hit a high of Rs 312 and low of Rs 299 so far on the Bombay Stock Exchange.
The stock has zoomed 28% in past two trading sessions after its promoter has acquired nearly 5% stake in the company on Monday.
Bharti Airtel down 0.62% after reports confirmed its acquisition of Loop Mobile.
The stock has dipped 3% to Rs 119 on reports that the government is unlikely to complete sale of minority stake in the company this fiscal year.
The early indicator, SGX Nifty is down 13 points at 6,086
The BSE Capital Goods index inched 0.3% higher to 9459.63 after the announcement. Out of total 21 stocks listed on the index, 8 advanced while 13 declined.
Markets ended higher after GDP growth in Q3 and Q4 of FY14 seen at 5,2%
Financial stocks along with select index heavyweights were among the top gainers in late noon trades
Till yesterday, the stock has underperformed by falling 20% in 2014, as compared to 3.8% decline in S&P BSE Sensex.
P C Jeweller, Titan Company, Gitanjali Gems, TBZ, and Thangamayil Jewellery are trading lower on the BSE.
M&M, Eicher Motors, Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Tata Motors are up 1-2% on the BSE.