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.
Last Friday, the company has received Karnataka High Court's (HC) clearance for NICEL/NECEL project.
Indian Bank, Dena Bank, Syndicate Bank, Central Bank, Andhra Bank and Corporation Bank are up 1-10% on BSE.
The BSE mid-cap index has advanced 1.12% or 6,246 and the small-cap index is up 1.42% or 83 points at 6,022.
Shares of internet software and services has rallied nearly 25% in past seven trading sessions post Q2 earnings.
BHEL, Sun Pharma among the top gainers on the Sensex
Bank and auto shares were among the top Sensex gainers
The stock was up 4% at Rs 922 on the National Stock Exchange.
The stock has surged 19% to Rs 462 on the Bombay Stock Exchange.
Profit taking was seen at higher levels, FMCG, IT were among the major losers
CNX PSU Bank index has rallied almost 12% in past two trading sessions as compared to 1% gain in benchmark CNX Nifty.
Standalone Net profit was up 8% at Rs 498 crore compared with Rs 461 crore
Q2 net profit was marginally lower by 1.6% at Rs 154.2 crore
The market breadth in BSE remains positive with 1,061 shares advancing and 584 shares declining.
BSE Realty, Banks, Auto, Metal and IT indices are up 0.5-1.3%.
Benchmark share indices are likely to open marginally lower amid weak global cues.
JM Financial, L&T Finance Holdings, LIC Housing Finance, IDFC and Magma Fincorp have gained over 20% in Oct.
Nifty was up 47 points at 6,299 and the Sensex gained 108 points to end at 21,141
Broader markets outperform with the midcap index up 1%
BOI, Allahabad Bank, BOB, Oriental Bank, Union Bank, Canara Bank and PNB are up 5-15% on NSE.
The broader markets continue to outperform the benchmark indices- BSE Midcap and Smallcap indices have gained between 0.5-1%