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.
Among sectoral indices, the Nifty FMCG index settled over 2.5 per cent lower weighed by HUL and Britannia Industries.
The stock dipped 8% to Rs 1,261 after the company's board approved capex plan of Rs 17 billion in US and India, which funded via a mix of debt and internal accruals.
Eicher Motors, Tata Motors, TVS Motor Company, Hero MotoCorp and M&M were up 1% on the NSE.
The stock surged 9% to Rs 328 after the Wipr on Sunday said that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC.
Among key stocks, the fast moving consumer goods (FMCG) major ITC rose over 2 per cent to end at Rs 313 levels on the BSE. The stock hit a fresh 52-week high of Rs 315 earlier today.
ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE, was the largest gainer among the S&P BSE Sensex at 09:38 am.
Sun Pharm hit a 52-week high of Rs 618, up 3%, extending its Tuesday's 7% rally on the BSE.
The Nifty Bank index ended lower, slipping 0.70 per cent lower weighed by Bank of Baroda and Yes Bank.
Nucleus Software Exports, Mindtree, Cyient, Majesco, Trigyn Technologies and Mphasis were up in the range of 2% to 8% on the BSE.
AIA Engg, Astral Poly, Balkrishna Ind, Dabur, Exide Ind, Havells India, Infibeam Incorp, Jubilant FoodWorks, NIIT Tech, Pfizer, United Breweries and Varun Beverages from Nifty 500 index hit new highs
WPIL zoomed of 20% at Rs 873, also its 52-week high on the BSE, while Roto Pumps surged 20% at Rs 108 on back of heavy volumes.
On Tuesday, the S&P BSE Sensex ended at 37,852, up 207 points while the broader Nifty50 index settled at 11,435, up 79 points.
TCS Q1FY19 CC revenue growth at 4.1% QoQ is a meaningful beat to estimates and is highest in several quarters.
On the BSE, the stock hit a low of Rs 321 in intra-day trade, its lowest level since listing on the bourses on October 25, 2017.
Sensex ended at record closing high on Thursday, driven by gains in financial and energy stocks
Shares of Tata Power Company, Vedanta and UPL have hit their respective 52-week lows, falling in the range of 2% to 3% on the BSE in otherwise firm market.
RIL became the second Indian company to scale the milestone after TCS.
HPCL, BPCL, IOCL, Jet Airways, SpiceJet and InterGlobe Aviation were up in the range of 2% to 5%, as compared to 0.87% rise in the S&P BSE Sensex at 11:13 am.
The stock moved higher by 1.3% at Rs 1,292 on the BSE after water & effluent treatment business won orders valued Rs 23.88 billion
Kotak Mahindra Bank, M&M, TCS and HUL rallied in the range of 21% to 26%, while Asian Paints, IndusInd Bank and Infosys up 11% to 19% from their January 29 levels.