NTPC slumps to five-year low; Tata Power surges 5%
The stock has rallied 6% to Rs 692 on reporting 50% yoy growth in net profit at Rs 48 crore for December quarter.
Sensex up 54 points at 20,754 and the Nifty added 13 points to trade at 6,168
Pfizer East India B.V. Netherlands proposed to acquire 60.94% stake from Pfizer Corporation and Pfizer Investments Netherlands B V.
Check out the F&O trends in select stocks with Navneet Daga, Derivative Analyst at KR Choksey Securities
The stock has plunged 11% to Rs 117, its lowest level since October 2008, in intra-day trades on the BSE.
Benchmark indices turned green as gains in L&T, ITC, and Axis Bank pared a sharp decline of 10% in NTPC.
Expansion plan was to be executed for an estimated cost of Rs 1,097 crore.
Reports suggest that the company manufactures around 33% of its total production from this plant
The company will buy-back its equity shares for an aggregate amount not exceeding Rs 135 crore at a price not exceeding Rs 90 per equity share.
The stock has plunged 10% after the IDBI rejected the bids received from the potential investors as they were not found 'acceptable'.
Capital Goods stocks are in focus as investors look for value-buys in these weak sectors in the run-up to the elections
The promoter's makes conditional open offer to buy at least 2.15 million shares at Rs 2,000 per share.
The Sensex has opened lower by 55 points at 20,646 mark and the Nifty slipped by 24 points at 6,132 levels.
Tata Power has rallied 7% to Rs 84.50, while Adani Power up 5% to Rs 38.35 on the Bombay Stock Exchange.
Investors and traders will keenly track the trends in rollover of January derivative contracts to February for cues on near-term trends
The number of bitcoin-like virtual currencies continue to surge despite rising volatility in prices, security issues, hacking attempts and continuing crackdown by regulators and law enforcement agenci
Besides, futures trading on the National Stock Exchange's volatility index -- India VIX -- begins from Wednesday
Inflows followed a net investment of Rs 12,609 crore in the preceding month
ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.