Interview with Chief investment officer, LIC Mutual Fund
Siddhartha went missing on Monday night en route to Mangaluru, with a letter purportedly written by him showing he was under "tremendous pressure" from lenders and one of the PE partners.
The benchmark BSE S&P Sensex and broader Nifty50 gained nearly 450 points and 146 points respectively from lows to end in the green on Wednesday
Weak corporate earnings, economic slowdown and tax issues continued to weigh down investment sentiment.
Thus far in the month of July, the midcap index has tanked 11 per cent, against 6 per cent fall in the benchmark index
The Bank's slippages were Rs 4,798 crore during Q1FY20, compared to Rs 3,012 crore in Q4FY19 and Rs 4,337 crore in Q1FY19
As It began successfully trading above 200 DMA, the counter has more than doubled rising 175 per cent to Rs 1,417
On the NNSE, the stock was trading close to its 52-week high level of Rs 194 touched on June 3, 2019
Here's a list of companies whose shares are expected to trade actively in today's trading session.
Investors will look at June quarter results, global cues, and macroeconomic data for market direction on Wednesday.
Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.
The index has lost 5.2 per cent, or 603 points, in just nine trading sessions amid a sharp sell-off by foreign portfolio investors
Meanwhile, DSP had exposure of Rs 132 crore through its credit risk fund
The expected pain was reflected in the performance of the company and the sector in the June quarter
It is taking proactive steps to address potential stress, though net NPA at 2.04% hasn't changed much sequentially
Sources said the regulator wants MFs to rely less on rating agencies as they have been slow to react or flag credit risks in recent cases
Steady improvement in the US and India market growth keeps analysts positive
Shares of Coffee Day Enterprises plunged 20 per cent to hit the lower circuit limit of Rs 154.05 on the BSE in the opening deals on Tuesday
Shares of Sical Logistics, another Siddhartha-promoted company saw its shares plunge 20% to Rs 72.8 in intra-day trade
The Sensex and Nifty50 touched an intra-day low of 37,359 and 11,073 respectively.