IL&FS in its board meeting on Saturday appointed global professional services firm Alvarez & Marsal to prepare a comprehensive restructuring plan for the group.
The stock locked in upper circuit of 20% at Rs 85.25, bouncing back 25% from its early morning low of Rs 67.95 on the BSE.
TCS, Infosys, NIIT Technologies, KPIT Technologies, Mindtree, Wipro, Tech Mahindra and HCL Technologies were up in the range of 1% to 4% on the BSE.
Here are the top gainers and losers of the markets in the first six months of the present financial year
The stock locked in lower circuit of 20% at Rs 451, its lowest level since its listing on March 27, 2018, on the BSE.
The stock has moved higher by 20% to Rs 70.55 on the BSE in intra-day, bouncing back 84% from its record low on of Rs 38.40 touched in early morning trade today.
'A narrow list of stocks was trying to convey an impression of a bull market, but in reality, it was a market of deception', says Shankar Sharma
Around 45% of the 408 schemes, including direct plans, have given negative returns; 75 % of the schemes have underperformed the benchmarks
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
Cotton prices, according to CAI, are at Rs 22,300 per bale for the benchmark variety of S6 in Gujarat
RBI's decision to stop Bandhan Bank from opening new branches and freezing the remuneration of MD & CEO Chandra Shekhar Ghosh has rattled investors
Low advance-decline ratio means money-making through equity investing has been a challenge this year
Execution hiccups, funding costs and delays in financial closure are hurting the sector
Through the three tranches of CPSE ETF, the government has already raised Rs 115 billion
The cumulative gains of TCS, RIL, HDFC Bank and Infosys were higher than the total loss suffered by the six firms which stood at Rs 537.68 billion
At its previous monetary policy meeting in August, the Reserve Bank raised the benchmark interest rate by 25 basis points to 6.50 per cent on inflationary concerns
FPIs never fully returned to the Indian equity markets after pulling out net assets worth Rs 610 bn during the quarter ended June 2018
The velocity of the market correction in September was so fierce that nine stocks declined for every one that advanced
NSE to launch trading on Oct 12, will introduce mini-gold contracts of 100 grams to attract small investor
Launched in 2015, Zebpay was one of the largest entities in the cryptocurrency business in India