2019 appears a story of two halves for Indian equities; a more difficult first half might precede a stronger second half, says Eleswarapu
Emami reported a revival in products where it was earlier struggling, such as Zandu Pancharishta and Kesh King
Apart from weak prices, a revenue decline of 3 per cent YoY, to Rs 23,669 crore, was led by the shutdown of the Tuticorin copper smelter
American central bank's move comes amid slowing global growth; leads to buying across European, Asian equities
The probe found that some entities executed trades among themselves, while some of them executed repetitive self-trades,
Here are five factors driving the markets on Thursday
Siti Networks, IL&FS Transportation Networks, HEG and Gruh Finance are among 19 stocks from the S&P BSE Allcap index which have fallen more than 30 per cent in January 2019.
Among sectors, the Nifty Bank index rose 1.75 per cent led by Axis Bank, State Bank of India (SBI) and HDFC Bank. The Nifty IT index gained 1.60 per cent led by Infosys, TCS and Tech Mahindra
Titagarh Wagons, Texmaco Rail and BEML plunged over 40 per cent each on the back of the weak earnings and order inflow.
Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.
The stock hit a new high of Rs 700, up 6 per cent in early morning trade, surpassed its previous high of Rs 679 recorded on January 17, 2019 on the BSE in intra-day trade.
Bharti Airtel is slated to announce to its December quarter earnings today
The stock dipped 7 per cent to Rs 1,016 on BSE after the company's consolidated net profit more-than-halved at Rs 67 crore in Q3FY19, due to lower sales.
On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.
The stock declined 14% at Rs 139, to touch its lowest level since May 16, 2014, on the BSE.
"Today, USD/INR pair is expected to quote in the range of 70.70 and 71.40," Gaurang Somaiya, Research Analyst (Currency) at MOFSL added.
Here's a look at the top stocks that may remain in focus today -
The outcome of US Federal Open Market Committee (FOMC) meeting, upcoming Interim Budget and expiry of January-series futures and options contract later in the day are likely to dictate the markets
The revenue authorities have been hounding tiny companies over money raised from investors, claiming their valuations are fraudulent
Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.