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.
Impairment includes a writedown of investments in Mozambique, Ivory Coast and Canada
The stock moved higher by 9% to Rs 1,144 after reporting a 12.6% yoy growth in standalone net profit at Rs 49.30 crore in the March quarter.
Top gainers on the Sensex are SBI, M&M, Axis Bank, HDFC and Tata Motors
The stock surged 8% to Rs 521 after the company said that it has bagged a road project worth Rs 669 crore from NHAI.
The stock rallied 9% to Rs 1,714 on the BSE.
The stock rose 4% at Rs 562 after the RBI said that foreign investors can now invest up to 32.46% of the paid-up capital of the pharmaceutical company.
Movement of rupee, crude oil and corporate earnings are likely to dictate the trend on the bourses
Provisionally, the 30-share Sensex lost 54 points to end at 27,197 and the 50-share Nifty shed 14 points to close at 8,221
Oriental Bank, Allahabad Bank, Syndicate Bank, Union Bank and Andhra Bank rallied more than 4% each on the NSE.
The moved higher by 5% to Rs 1,913, its highest level since February 2008 on the BSE.
The stock rallied 10% to Rs 1,032 on the NSE.
On May 12, Aditya Birla Retail acquired Jubilant Industries' hypermarket business in a slump sale deal.
WPI softened further for the sixth straight month to a low of -2.65 per cent in April compared to -2.33 per cent in March
The stock moved higher by 7% to Rs 207 on the NSE.
Shares of UFO Moviez India listed at Rs 600, a 4% below its issue price of Rs 625 on the National Stock Exchange.
Caution prevails as market participants keenly await for the WPI data for the month of April due later in the day today
Top 5 losers on the Sensex are Wipro, Infosys, HDFC, Vedanta and TCS down between 1-2%
The stock surged 14% to Rs 68.70 on the back of heavy volumes on the NSE.
The stock dipped 6% to Rs 1,588, extending its previous day's 3% losses on the NSE.
At 9.40 AM, the 30-share Sensex is down 137 points at 27,115 and the 50-share Nifty has shed 48 points at 8,187