Prospects dampened by pricing challenges in Odisha and production stoppage at Donimalai
Analysts believe the performance of the firm's domestic business has been lower than expected
ETF Securities expects India's economy to continue to grow at 7 per cent
The company's Rs 1,345-crore initial public offering (IPO) had got an overwhelming response and was subscribed 52 times
Polycab India shares made a strong stock market debut by listing at Rs 633, an 18 per cent hike against its issue price of Rs 538 per share on the BSE
ICICI Bank, HDFC Bank, L&T, IndusInd Bank, Reliance Industries (RIL) and ITC contributed the most to the S&P BSE Sensex's gains.
All that happened in markets today.
Private banks still preferred. Additional capital infusion by the government might help in meeting the regulatory norms or cleaning up the book but growth capital still is needed for PSBs
Improvement in retail real estate demand with slash in GST is expected to spur demand and help drive its loan growth over other smaller players
EBIT margin of the company is expected to decline 140 bps QoQ to 12.2 per cent while EBITDA margin is seen falling 139 bps to 14.5 per cent, say analysts at Prabhudas Lilladher.
According to media reports, SpiceJet and IndiGo will add close to 50 aircraft over the next few months to fill up the capacity shortage caused by the crisis in Jet Airways
Reports also suggested that founder Naresh Goyal has withdrawn from the bidding process.
The stock hit a 6-month high of Rs 2,149, up 2 per cent on Tuesday, extending its Monday's 5 per cent rally on the BSE.
Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating
For Wipro, Rising channel pattern resistance falls at Rs 310 levels. A Golden Crossover on Mindtree chart lead to Rs 1080
On Monday, the stock of Metropolis Healthcare, a diagnostics company, settled nine per cent higher compared to the issue price on its stock market debut.
As per the Elliot Wave Theory, we are in the fifth wave of an immediate trend and the third wave of the Big Bull Run.The corrective phase within the wave count includes low of 4,531 and 6,821
The domestic unit declined by 25 paise to close at 69.42 on Monday as forex traders turned cautious in a holiday-truncated week.
Here's a look at the top stocks that may remain in focus today -
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.