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.
Markets are likely to open weak as Greece failed again to settle a deal with the creditors yesterday
HCL Technologies, Wipro, Tech Mahindra, Persistent Systems, Geometric and Accelya Kale were down 1%-3% on the BSE.
Provisionally, the Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398
Shares of Relaxo Footwears and Federal Bank were up 6% each on the BSE.
The stock rallied 10% to Rs 883 on the NSE on the back of heavy volumes.
Vedanta was the top Sensex gainer after the company initiated the merger process with Cairn India
The stock locked in upper circuit of 20% at Rs 34.90 on the BSE after the stock turned ex-stock split from Rs 10 to Rs 2.
Thus far in 2015, the stock has underperformed the market by falling 58% compared to a 1% rise in Sensex.
Nifty holds 8,350; HDFC, BHEL, RIL and L&T are the leading gainers.
At 1038 hours, the stock was up 5% at Rs 668, extending its 26% rally in the past six trading sessions on the BSE.
The company received an order worth $16.28 million to supply female condoms to NDOH, South Africa.
In the past one month, the stock has outperformed the market by gaining 11% against a sub-1% gain in the Sensex.
Developments relating to Greece and the expiry of future & options contracts for June series are likely to impact sentiment today.
Dena Bank, Infosys, GMR Infra and Adani Enterprises are among the key stocks that one should keep a tab on
Provisionally, the Sensex closed down by 75 points at 27,730 and the Nifty lost 20 points at 8,360 levels.
The stock has touched a fresh 52-week high of Rs 188 in intra-day trades on the BSE, rallying more than 100% from Rs 90 on May 22.
The USFDA nod is to Pyridostigmine Bromide tablets USP, 60 mg, used to treat various neurological disorders
Hindustan Unilever, Sun Pharma and Lupin are the major gainers on the BSE.
The stock dipped nearly 15% to Rs 275, extending its previous day's 2% fall on the NSE.
Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis