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 S&P BSE Sensex shed 156 points or 0.43 per cent to settle at 35,854 amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins.
The stock was down 5% to Rs 322, its lowest level since October 5, 2018, on concerns of weak December quarter earnings.
The stock moved higher by 7% to Rs 219 on Monday, extending its Friday's 13% surge on the BSE in an otherwise weak market.
The stock slipped 7% to Rs 89 after Ganesh Sankaran, Executive Director, announced that he will step down with effect from February 15, 2019.
Infosys was trading 3 per cent higher at Rs 702 on BSE, as compared to a 0.55 per cent decline in the S&P BSE Sensex.
Avenue Supermarts, which owns and operates D-Mart supermarket chain, fell 9 per cent to Rs 1,423 on the BSE after the reported a disappointing set of numbers for December quarter.
The domestic unit Friday weakened by 8 paise to close at 70.49 on rise in demand of American currency from exporters and surge in crude oil prices.
Here's a look at the top stocks that may remain in focus today -
On sequential basis, PAT (profit after tax) fell 12.18 per cent.
On a weekly basis, the S&P BSE Sensex rose 0.88 per cent, while Nifty50 rose 0.63 per cent.
The stock rallied 14% to Rs 430, trading at its highest level since November 16, 2018 on the BSE.
The stock moved higher by 12 per cent to Rs 154, its highest level since September 22, 2008, on the BSE.
Ansal Properties & Infrastructure, Marathon Nextgen Realty, DB Realty, Purvankara, HDIL and Sobha were down in the range of 4 per cent to 6 per cent on the BSE.
Since October 16, 2018, post-September quarter results, Infosys underperformed the market by falling 2 per cent against 3 per cent rise in S&P BSE Sensex.
The stock was up 2% at Rs 295, its highest level since October 4, 2018.
The stock rallied 18% to Rs 214 on the BSE in early morning trade on the back of heavy volumes.
On Thursday, the domestic currency ended 5 paise higher at 70.41 on increased selling of the greenback by exporters amid easing crude oil prices.
Here's a look at the top stocks that may remain in focus today -
Revenue for the quarter came in at Rs 37,338 crore, up 20.8 per cent YoY.
The stock moved higher by 16% to Rs 324, rallied 27 per cent in past one week after Norges Bank hiked stake in the company through open market purchases.