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 has fallen over 76% from Rs 765 on July 12 as compared to 2% drop in benchmark S&P BSE Sensex.
CCEA cleared the proposal for sale of 10% government stake in the state-owned oil marketing company.
The Sensex has opened higher by 127 points at 19,444 points whereas the Nifty has gained by 32 points at 5,760 mark.
Markets are expected to open higher after Indian government further relaxed foreign direct investment norms in the retail sector to attract overseas investments.
The 30-share Sensex ended at 19,307 mark down 39 points where the Nifty slipped by 14 points at 5,728 levels
BSE Bankex and FMCG indices have gained by nearly 1% each
Markets are trading flat amid volatility in noon trades on Thursday after gains in financials and FMCG shares helped offset losses in oil and gas shares.
Shares of IRB Infrastructure were down 21% at Rs 57.45 after the company decided to withdraw from the Rs 9,360 crore Mumbai Trans Harbour Link (MTHL) citing bad experience on some other infrastructure
Shares of OnMObile Global were up 6% at Rs 21 after the company late Wednesday reported robust first quarter earnings helped by forex gains.
Financial Technologies (India) (FTIL) has tanked nearly 53% at Rs 251, its lowest level since June 2005
The company has again approached SAT against Sebi which recently gave a conditional nod to the company to delist from Indian stock market.
Markets opened higher on Thursday, amid firm Asian cues, helped by a rebound in bank and capital goods shares.
Markets are likely to open on a positive note tracking gains in Asian shares.
Trading was also on a cautious note ahead of the US Federal Reserve, Bank of England and European Central Bank's policy meeting this week.
Bharti Airtel, Idea Cellular and Reliance Communications were up 6-8% on BSE.
The broader markets traded lower with mid-caps and small-caps falling nearly 2 per cent on the BSE.
The stock has zoomed 19% to Rs 31, bouncing back 26% from day's low of Rs 24.55 on NSE.
Meanwhile, Bharti Airtel up 5.5% along with IT majors buck trend
Q1 profit up marginally by 1% year on year at Rs 2,527 crore due to low demand for electricity.
The broader markets traded lower with mid-caps and small-caps falling nearly 2 per cent on the BSE.