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.
Benchmark share indices remained week in noon trades as gains in IT failed to offset losses in financial shares.
The stock has surged nearly 50% since June 30 on BSE, compared to 6% rise in benchmark index and 40% rally in IT sector index.
At 11:26am, the 30-share BSE Sensex was down by 120 points or 0.5% at 20,487 while Nifty was down 41 points or 0.6% trading at 6,072 levels.
At 1033 hours, Bank Nifty was down nearly 2% compared to 0.51% fall in benchmark index CNX Nifty.
The broader markets are underperforming the benchmark indices- BSe Midcap and Smallcap indices are down nearly 1%
Hindalco, Coal India, HUL, Tata Motors, HDFC Bank and ICICI Bank have declined between 0.1-1%
The stock was down 4% at Rs 242 on National Stock Exchange.
By 9:30, the Sensex was higher by 131 points at 20,739 mark and the Nifty gained by 40 points at 6,153 levels
The stock was up over 6% at Rs 111 on National Stock Exchange.
The stock has rallied over 7% to Rs 1,474 in early morning deals on BSE.
The stock was up nearly 2% at Rs 887 on BSE.
At 8:15AM, SGX Nifty rose 1 per cent at 6,206.
Markets ended marginally higher on Monday led by IT majors TCS and Infosys
The stock gained 3% after reporting 32% yoy growth in net profit at Rs 330 crore for the quarter ended September 2013.
Markets continue to trade firm in late noon trades on Monday with IT shares
Karnataka Bank, Lakshmi Vilas Bank, South Indian Bank, Dhanlaxmi Bank, Development Credit Bank and Karur Vysya Bank are up 8-20% on BSE.
At 1:00 PM, the 30-share Sensex was flat at 20,585 and the 50-share Nifty was up 13 points at 6,109 levels
Since June 30, the stock has rallied 64% on BSE compared to 6% rise in benchmark index and 39% rally in IT sector index.
WPI inflation for September came in higher at 6.46%
TCS has surged nearly 5% in two trading sessions after Infosys reported a healthy set of results for Q2FY2014.