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.
Since August 21, the stock has rallied 24% from Rs 884 as compared to 12.5% rise in benchmark CNX Nifty.
HCL Technologies was up 3% at Rs 1,053, while Axis Bank by 1.2% at Rs 1,154 on the Bombay Stock Exchange.
ICICI Bank, SBI, Axis Bank and HDFC Bank from banking , Godrej Properties, HDIL and DLF from real estate are trading lower by 1-3% on the BSE.
The broader markets were flat with mid-caps and small-caps down 0.01 per cent on the BSE.
At 8:30am, SGX Nifty fell 1 per cent to 5,978.
After a period of consolidation in early trades markets slumped after the RBI failed to meet market expectation of easing of liquidity
DLF, Indiabulls Real Estate, HDIL, YES Bank, Union Bank of India and Maruti Suzuki are down 4-12% on NSE.
Post the policy announcement markets plunged after the Reserve Bank of India stunned the market by hiking repo rate by 25 basis points to 7.5% citing inflationary pressures
Rate sensitive pockets among the most hit on account of high borrowing costs
Since September 5, the stock has rallied 29% as compared to 7% rise in benchmark CNX Nifty.
Listen in to what leading economists and analysts have to say about the RBI policy
Sun Pharma, Lupin and GSK Pharma from healthcare and HCL Tech, Tech Mahindra and Wipro from IT are up 1-3% on BSE.
Raghuram Rajan said that it will be wrong to say that RBI is prioritizing inflation over growth
YES Bank, IndusInd Bank, ICICI Bank, Union Bank of India, BoB, HDFC Bank, BOI and PNB are down 5-11% on the NSE.
The main losers on the Sensex include Sesa Goa, ONGC, Hero Moto, L&T, Maruti Suzuki and ICICI Bank
Oriental Bank, Vijaya Bank, Central Bank and YES Bank are down 3-4% on the BSE.
Cyrus Mistry has acquired 64,000 shares at an average market price of Rs 77.76 per share on NSE.
Markets expert feel that a cut in key policy rates may not happen due to rupee volatility and inflation risks
The stock was plunged nearly 14% to Rs 302 on the BSE.
At 08:10AM, the SGX Nifty was flat at 6,145.