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.
NTPC, Hindustan Unilever and ITC have rebounded in the green; banking, IT and metal stocks, however, remain weak.
At 1341 hours, CNX IT index was down 2.9% or 332 points at 11,031 compared to 1.6% fall in the CNX Nifty.
Shanghai has cracked 3% as investors remain wary despite a decision by the central bank to cut interest rates to record low
The stock dipped nearly 7% to Rs 486 on the NSE after company warned about its April-June quarter (Q1) results.
At 1148 hours, the stock was down 5% to Rs 577, extending its 15% decline in the past three trading sessions on the NSE.
Greece and its international creditors yet again failed to sign a truce to avert a default,causing panic across Asian markets
Thus far in 2015, CNX Metal index has underperformed the market by falling 14% compared to 1% rise in the Sensex.
State Bank of India, Bank of Baroda, Punjab National Bank, Federal Bank and Bank of India were down 4% each.
At 0939 hours, BPCL, HPCL and Indian Oil were up between 1% and 2% compared to a 1.7% decline in the Sensex.
The euro fell almost 2% and shares tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week.
Provisionally, the Sensex ended down 86.97 points at 27,809 and Nifty closed 31 points 8,382
Since June 15, the stock rallied 22% after the company procured a 7612.86 square meter plot in Jaipur for a real estate project.
The stock moved higher by 8% to Rs 62.95 on the BSE after a multiple block deals executed on the counter.
IT shares bucked weak market trend even as financial shares weakened on asset quality concerns
Oppenheimer Funds, Inc. (F. I. I.) and Sub-Accounts bought 527,000 equity shares of Cyient though the open market on June 24.
The top losers from the Sensex pack are GAIL, HDFC, Bharti Airtel, Vedanta and BHEL
Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.
Markets continue to trade weak in the early morning session weighed by financial and capital goods stocks.
At 0953 hours, the stock was up 4% to Rs 97, extending its previous day's 9% rally on the NSE.
Meanwhile, shares of Mastek are transferred from trade-for-trade segment to the rolling segment with effect from today, June 26, 2015.