The gross domestic product (GDP) numbers for the fourth quarter as well as the financial year 2018-19, which is slated to release later in the day, will be on investors' radar on Friday
Derivative strategy for Manappuram Finance by Nandish Shah, Assistant Vice President, PCG, HDFC Securities.
for Bajaj Finance book profits at 3,530
The company's stand-alone net debt stands at Rs 18,000 crore
Exports may stay on weak footing despite leadership position
Firm addressing concerns over pledged shares, Axis Bank tie-up
Indian aluminium makers see China as a major irritant: a concern duly acknowledged by their counterparts in US, the European Union, Canada, Mexico, Japan, and Brazil
Short supply due to a late plucking and adverse weather has pushed up mango prices this season
Out of the total investments made till April-end, Rs 58,820 cr was invested in the equities segment, Rs 21,542 cr in debt and Rs 123 cr in derivatives market
A fourth of India-focused Singapore and Mauritius funds may potentially migrate to IFSC over time
Any credit event could pose a risk to this sector
Product launches, acquisitions are expected to drive US, EU prospects
The Nifty sectoral indices traded mixed in the day. Nifty Fin Service Index was the top gainer among the indices, up 1.16 per cent, while Nifty Auto index took the deepest cut, down 0.56 per cent
All that happened in the markets today
On the National Stock Exchange, the stock has frozen 5 per cent lower circuit at Rs 200, after opening at Rs 210.
In the past one-and-half months, since April 14, the stock has plunged 48 per cent against 1 per cent rise in the benchmark index.
The market price of the company has tanked 89 per cent from its all-time high level of Rs 512 touched in September 2017
In the past week, the stock has outperformed the market by surging 11 per cent, as compared to a 2.4 per cent rise in the benchmark S&P BSE Sensex.
Despite the fall from the top and the range-bound trade off-late, there are investment-worthy opportunities where the stocks can move up over the next few sessions
The board recommended a total dividend of Rs 22.50 per share, which includes a one-time special dividend of Rs 7.5 per share for the achievement of all-time high net sales in the company's history.