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 trading 5% higher at Rs 162 on the NSE after listed at Rs 152, a 2% below its issue price of Rs 155 per share.
The stock was up 3.4% at Rs 1,095 on the NSE.
The early indicator SGX Nifty has climbed 1.4% or 112 points to quote at 7,848.50
Bank Nifty, gained 3.55% or 561 points at 16,351, has registered its sharpest single-day rally in past 16 months.
Jubilant Life, Rajesh Exports, Titagarh Wagons, SAIL, JSW Energy and Granules India recover more than 8% from their intra-day's low.
The stock rallied 11% to Rs 75.40 on the BSE.
Citi group upgraded NTPC to a compelling 'buy' rating citing its low valuations at current level, pick-up capacity additions and improving ROE
In past one-month, the Bank Nifty had underperformed the market by falling 17% against 12% declined in Nifty.
Investors will be awaiting PM Narendra Modi's meet with industrialists in order to discuss the global crisis
Provisionally, the Sensex slumped 324 points to close at 24,878 and the Nifty plunged 101 points to end at 7,554
Persistent sell-off by the FIIs, weak rupee and inadequate monsoons along with ongoing China woes dampened sentiments
Post June quarter results, the stock outperformed the market by gaining 20% compared to 10% fall in the Sensex.
Shares of companies exporting to Europe such as Motherson Sumi and Bharat Forge were among the top losers
Hindalco, NMDC, Tata Steel, JSPL, Hindustan Copper and Jindal Steel were down between 0.5-3%
Investors would be eyeing the IIP data slated for release on September 11
Castex Technologies, JMT Auto and Metalyst Forgings have hit their lower circuit with no buyers seen on the counters.
GAIL, Lupin, Coal India, Bharti Airtel and Sr Reddy's Lab are trading lower between 1-2%
The stock underperformed the market by falling 21% in past one-month compared to 11% decline in Sensex.
The RBI notified that FIIs/RFPIs can now invest up to 31.50% of the paid up capital of M/s Natco Pharma.
The mixed US jobs data failed to give clarity as to when US Fed may hike the interest rate