Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent
Rakesh Jhunjhunwala reduced stake in Federal Bank to 2.4 per cent from 2.71 per cent during the third quarter of FY21
L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Festive season demand has lifted new customer addition and loan growth closer to pre-pandemic levels
Central bank says firm violated a specific direction to ensure full compliance with fair practices code in letter and spirit
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat
Growth guidance of around 25 per cent for FY22E and opportunity to apply for banking licence have resulted in renewed interest of investors in the stock, analysts said
With the stock doubling in six months, the consumer lender has outperformed peers
Analysts' outlook on Bajaj Finance's long-term prospects remains positive.
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...
Trading longs should have stoploss at 11,700 in Nifty
Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels
The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels
Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%