SBI, PNB, Syndicate Bank, Bank of India and Bank of Baroda were trading higher in the range of 1% to 4% on the National Stock Exchange.
Shares of Airtel declined as much as 6.22 per cent to Rs 461.5 rupees on Wednesday, their lowest since October 18, 2017
Among other things, Bharti Airtel has maintained subscriber and revenue market share and stands to benefit when tariffs start to rise
Markets eyeing details on fiscal math, increased focus on infra, LTCG on equity investments
Radico Khaitan, Empee Distilleries, Jagatjit Industries, Globus Spirits, Som Distilleries, Associated Alcohols, Tilaknagar Industries and United Breweries were down 2% to 5% on BSE.
The company, which started 40 years ago with a mere Rs 100,000, now has products ranging from food mixers to fans
TCS was trading 4% higher at Rs 3,229, have a market-cap of Rs 6.18 trillion, surpassed RIL, which has market-cap of Rs 6.14 trillion at 10:10 AM, the BSE data shows.
The stock hit a new high of Rs 72, up 8% on BSE after its board approved the proposal of buyback of equity shares of the company at price of Rs 80 per share through tender offer.
The stock surged 13% to Rs 1,145 on BSE, trading close to its record high of Rs 1,150 touched on January 4, 2018 in intra-day trade.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:
Nifty, Bank Nifty, Hindalco, Tata Motors and Coal India
Markets rise for fifth straight day; indices add 1% each after IMF says India is set to regain fastest-growing tag in 2018-19
The Indian regulator's requests for bank account statements and other documents of individuals and firms allegedly involved in the GDR scheme are yet to get any reply
India among few countries, which does not tax long-term gains on equities and the stock gains also get a preferential treatment
Analysts say there is a scope for further improvement in margins driven by a higher employee utilisation
With recent price hikes, margins should recover
The industry index has certainly outperformed the broader market in the past month or so. The Nifty IT Index is up by about 13% in the past 30 days while the Nifty is up by about 5%
The strong performance in Q3 and cost efficiencies have led to revision of operating profit estimates and target prices
Check if you are on the best possible loan rate and also make part prepayment to counter the rise in interest rate