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.
Till the Nifty doesn't cross and hold above 8,145 levels, analysts suggest that weakness may continue and drag it towards the 8,000 mark
Markets witnessed sell-off amid persistent selling by FIIs while tax on subsidies and geo-political tensions in the Middle-East dampened sentiment
Eros International has global distribution rights for the actor's two maiden productions while Mandhana Ind has exclusive deal with Being Human Clothing Products
BOI,Federal Bank, Kotak Mahindra Bank, BOB, Yes Bank, Canara Bank and Axis Bank were down more than 3% each.
Net profit for the March 2015 quarter surged 295% to Rs 192 crore compared with Rs 49 crore in the same quarter last fiscal.
At 1245 hours, the Sensex slipped 2.3% at 26,815; the index has fallen 3.8% or 1,075 points from 27,890 on April 22.
Century Textiles, Strides Arcolab, Wockhardt, IRB Infra, Havells India and TVS Motor were down over 6% on the NSE.
At 11:45AM, Sensex was down 599 points at 26,840 and the 50-share Nifty was down 192 points at 8,133.
There is selling pressure across sectors, with banking, metal and oil stocks doing the most damage.
IOC dipped nearly 6% to Rs 344, while BPCL down 5% to Rs 741 and HPCL 4% to Rs 604 on the BSE.
Bharti Airtel is likely to attract inflow worth Rs 20 crore in the counter
All the sectoral indices are trading in the red, with the pharma, auto and oil pack doing the most damage.
Shares of MEP Infrastructure Developers were trading at Rs 56.70, 10% below its issue price of Rs 63, on the BSE.
At 9.50am, the Sensex is quoting at 27,080, lower by 360 points and the Nifty is trading at 8,208, down 116 points
The stock rallied 8% to Rs 404 on the BSE in early morning trade.
Cipla, BOB, NIIT Tech, Dabur, Rel comm, Hindustan Zinc and Cairn India are likely to remain in limelight
The stock was up 4% at Rs 1,395 after reporting 29% yoy jump in its standalone net profit at Rs 527 crore in March quarter.
The stock has moved higher by 13% to Rs 405, bouncing back 24% from its early morning low on the NSE.
The 30-share Sensex provisionally ended 72 points lower at 27,418 and the 50-share Nifty closed 11 points lower at 8,321.
At 13:42PM, the 30-share Sensex was down 91 points at 27,398 and the 50-share Nifty was down 34 points at 8,294