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.
The stock rallied 14% in seven trading days after the company increased FIIs limit to 40% from 24% of the paid up capital.
Market has largely remained rangebound with IT, Metals shares coming under pressure
The BSE Mid-cap and small-cap indices both added 0.4 per cent
The company has issued 21.54 million shares at price of Rs 325 per share to existing shareholders through a rights issue.
The stock is locked in upper circuit of 10% at Rs 15.32 on BSE .
Among sectors metals are down on account of profit booking
The broader markets traded positive with mid caps and small-caps gaining 0.5% on the BSE.
Lupin will market the Onset's skin disease treatment medicine Locoid Lotion in the American market.
The broader markets traded almost flat with mid caps and small-caps tad up by 0.1% on the BSE.
Bank Nifty has tanked nearly 10% or 1,086 points in past three days as compared to 4.3% fall in benchmark CNX Nifty.
At 08:30AM , the indicator, SGX Nifty was down 40 points at 5,888.
IT majors along with metal names Sesa Goa and Hindalco buck trend
Titan Ind, Gitanjali Gems, PC Jeweller, Thangamayil Jewellery, TBZ and Renaissance Jewellery are up 2-9% on the BSE.
Nifty loses 122 points to close at 5,890 as financials weigh
Post RBI policy the Sensex has tanked nearly 3.8% or 790 points in past two trading sessions.
Meanwhile, Consumer Durables, IT scrips buck trend; Wipro, Infosys and TCS up 0.4-1.6%
Markets extended weakness in noon trades on Monday and were down nearly 2% ahead of the September derivative contracts later this week while the weakening rupee continued to weigh on investor sentimen
The maximum bids for 2.67 million shares were received at Rs 136, whereas the floor price had been Rs 59.70 a share.
The broader markets were mixed with mid-caps falling 0.2 per cent and small-caps gaining 0.4 per cent on the BSE.
FID Fund Mauritius bought 295,129 equity shares of MindTree at Rs 1,074.99 per share on the BSE.