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 moved higher by 7% to Rs 80.50 on the NSE in late-noon deals in an otherwise weak market.
Financials were the top losers along with auto and capital goods shares
The stock has moved higher by 3.6% at Rs 340, bouncing back 6.5% from an intra-day low of Rs 319 touched on the BSE.
The stock has touched a new lifetime high of Rs 2,485 in intra-day trades and rallied 26% from Rs 1,970 on August 7, 2015.
All the sectoral indices are trading in the red, with autos and banking indices losing more than 2% each.
Tata Motors now stands at 22 positions in overall market-cap rankings, behind Indian Oil, NTPC, Axis Bank, Kotak Mahindra Bank and HCL Technologies.
Rupee heads towards 66/$ amid yuan devaluation and weakness in local equities
The stock has rebounded after plunging over 50% in the previous two sessions
Nine PSUs - ONGC, Gail, NTPC, IFCI, NMDC, NHPC, MOIL, Nalco and Vijaya Bank - have hit 52-week lows on the BSE.
Bankex, Auto and Capital Goods indices were the top sectoral losers on the BSE down over 2% each
Google Inc and Amazon are planning to bid for acquiring the telecom and internet service provider's data centre business
The CNX PSU bank index has slipped by 8% in the past three trading sessions as against a 2.4% decline in the CNX Nifty.
The decline was led by financials with the Bank Nifty down over 2%
At 09:23 AM, the stock was up 4% at Rs 133 on the BSE compared to a 1.68% decline in the S&P BSE Sensex.
Financials were the top losers while IT and pharma shares witnessed profit taking
Amtek Auto, Central Bank of India, Videocon Ind, ITNL, Vakangee and Lakshmi Vilas Bank were down 10%-28% each on the BSE.
Provisionally, the Sensex slumped 286 points to close at 27,647 and the Nifty slipped 111 points to end at 8,384
Oriental Bank, Union Bank, Punjab National Bank, Bank of India, Allahabad Bank and Bank of Baroda are down 5%-7%.
Top 5 losers on the Sensex include Tata Steel, Infosys, Vedanta, BHEL and SBI down between 2.5-4%
Tata Motors, ONGC, Vedanta, Hindalco, Cairn India, NTPC, NMDC and Gail India has touched 52-week lows on the NSE.