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.
At 09:43 am, Nifty PSU Bank index was down 2.6% as compared to a marginal 0.04% gain in Nifty 50 index.
The stock surged 10% to Rs 1,370 after the company 50% YoY growth in profit at Rs 33 crore in Q4FY16.
Here are a few stocks that are likely to be in focus in trade today
The stock hit a fresh 52-week high of Rs 128 in intra-day today and rallied 110% in past one-week from Rs 61 on Friday, May 6, 2016.
Tata Chemicals, RCF, GSFC, Chambal Fertilisers and Mangalore Chemicals were up 1%-3%.
Bank shares were the top losers after rise in consumer price inflation dashed hopes of a rate cut by the Reserve Bank of India.
The stock dipped 7% to Rs 18,380 on NSE after 1.14 million shares changed hands via block deal.
At 11:59 AM, the stock was up 6% at Rs 6,040 on the BSE as compared to 1% decline in S&P BSE Sensex.
The stock locked in upper circuit of 5% at Rs 135 on the National Stock Exchange.
At 10:50 am, the Sensex is down 220 points to trade 25,565 at and the Nifty50 has shed 64 points to quote at 7,836
The stock rallied 7% to Rs 366; also its record high on the BSE.
The stock surged 20% to Rs 50.25, also its 52-week high on the BSE.
The early indicator, SGX Nifty is down 44 points at 7,880
ICICI Bank, SBI, IndusInd Bank, HDFC Bank and Bank of Baroda up 0.2%-3% after the passage of Bankruptcy Bill
Pharma shares firmed up led by Dr Reddy's Labs ahead of its March quarter results today
Jubilant Draxlmage Inc and Cyclopharm Ltd have mutually terminated their previously announced term sheet for exclusive commercial rights of Technegas in the US market.
Monsanto India, Atul, Sharda Cropchem, Rallis India and Bayer CropScience were up 3%-18% on the BSE.
ICICI Bank, Asian Paints, Adani Ports, TCS and Tata Motors are the top five Sensex gainers, all up 1%-2%
The board will meet on May 17, 2016 to consider and approve unaudited financial results for the quarter ended September 30, 2015
The company reported 78% growth in net profit at Rs 49 crore compared with Rs 27 crore in the same quarter last fiscal.