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.
All that happened in markets today
The stock was up 3% to Rs 301, outperforming the market by surging 16% in past three months, as compared to a 2% gain in S&P BSE Sensex.
The domestic unit on Monday dropped by 55 paise to close at 71.80 to the US dollar, the lowest level since December 17.
Here's a look at the top stocks that may remain in focus today -
Aarti Industries hit a new high of Rs 1,714, rallying 1704 per cent in the past five years from the level of Rs 95 on the BSE.
Tata Teleservices (Maharashtra), Jaiprakash Associates, Punj Lloyd, Religare Enterprises and Prabhat Dairy among 29 stocks that hit new lows on the BSE.
Siti Networks, IL&FS Transportation Networks, HEG and Gruh Finance are among 19 stocks from the S&P BSE Allcap index which have fallen more than 30 per cent in January 2019.
Among sectors, the Nifty Bank index rose 1.75 per cent led by Axis Bank, State Bank of India (SBI) and HDFC Bank. The Nifty IT index gained 1.60 per cent led by Infosys, TCS and Tech Mahindra
Titagarh Wagons, Texmaco Rail and BEML plunged over 40 per cent each on the back of the weak earnings and order inflow.
Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.
The stock hit a new high of Rs 700, up 6 per cent in early morning trade, surpassed its previous high of Rs 679 recorded on January 17, 2019 on the BSE in intra-day trade.
The stock dipped 7 per cent to Rs 1,016 on BSE after the company's consolidated net profit more-than-halved at Rs 67 crore in Q3FY19, due to lower sales.
The stock declined 14% at Rs 139, to touch its lowest level since May 16, 2014, on the BSE.
"Today, USD/INR pair is expected to quote in the range of 70.70 and 71.40," Gaurang Somaiya, Research Analyst (Currency) at MOFSL added.
Here's a look at the top stocks that may remain in focus today -
The S&P BSE Sensex ended at 35,591, down 1.25 points while NSE's Nifty50 index closed 0.40 points lower at 10,651.80.
The stock was down 5 per cent to Rs 162 on Wednesday, falling 23 per cent in past three days from level of Rs 209 on Friday, January 25, 2019.
The stock moved higher by 6% to Rs 368 on BSE on the back of heavy volumes.
HCL Technologies was up for the sixth straight day, gaining 8 per cent, against 2 per cent decline in the S&P BSE Sensex.
The stock slipped 8 per cent to Rs 699 on BSE after it reported 1.5 per cent year-on-year decline in consolidated net profit at Rs 423.52 crore for December 2018 quarter.