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Buyers and sellers were not immediately known
Source: Bloomberg
Etihad Agrees to Raise Stake in India's Jet to 49%, Report Says
Buyers and sellers were not immediately known
Source: Bloomberg
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Delhi-based steel maker rose 0.6 percent to Rs 97.95 after its December quarter profit rose 39 percent year on year.
Key earnings highlights:
Indian equity benchmarks continue to trade lower led by declines in HDFC, Larsen & Toubro, ITC, TCS and ICICI Bank.
The S&P BSE Sensex fell 0.71 percent or 254 points to 35,760 and the NSE Nifty 50 Index declined 0.74 percent or 80 points to 10,715.
Seventeen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Utilities Index's 1.55 percent decline. On the flipside, S&P BSE Healthcare Index was top gainer, up 0.11 percent.
Mid- and small-cap shares were also witnessing selling pressure as the S&P BSE MidCap Index fell 0.5 percent and the S&P BSE SmallCap Index declined 0.7 percent.
Bharat Heavy Electricals Ltd. won an order from Singareni Collieries to install 129 MW Solar Photovoltaic power plants in Telangana, according to its stock exchange filing.
The order is valued at Rs 565 crore and is the company’s largest SPV order so far, the statement added.
Inflation based on wholesale prices moderated in December led by a fall in fuel price.
Wholesale inflation fell to 3.8 percent in December compared to 4.64 percent in the previous month, according to data from the Ministry of Commerce. (Read the full story here)
Buyers and seelers were not known immediately.
Source: Bloomberg
Dhananjay Sinha, head of research at Emkay Global Financial Services spoke to BloombergQuint. Here are the highlights from the conversation:
We have been cautious on IndusInd bank so far. The IL&FS issue has been plaguing it. From its peak, the stock has corrected nearly 30 percent and I think after the result also it has corrected. It's provision ratio has been lesser than expected so while the bank has been showing good amount of growth, these issues are likely to plague the stock for atleast a couple of quarters. Unless the bank is able to come out of this, I don't think investors will be able to look at it in a very constructive manner.
On Federal Bank, we were positive on the stock. The exit of Mr. Shankaran will challenge the growth trajectory, or at least that is what the concern is that the market has. There will be someone to replace him but at this juncture because he's been the key guy who has been pushing for corporate lending and MSME lending. The bank has been growing rapidly n lending growth, in excess of 20 percent. So that is something that will be challenged. The stock had done well, from a low of Rs 70 it has come to Rs 95. We'll have to see who the replacement is and how the bank drives growth going forward.
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract declined 31.67 percent to Rs 45.10. Over 3.44 lakh shares were added to the open interest which stood at over 50.36 lakh shares.
Corrects earlier version which named the wrong buyer for Maharashtra Scooters' stake.
Shares of the Kerala-based lender fell as much as 6.7 percent, the most in nearly four months, to Rs 89.
The bank’s Executive Director Ganesh Sankaran will step down with effect from Feb. 15, according to its stock exchange filing.
The stock has declined 20.6 percent over the past 12 months, compared to a 4.9 percent advance in the Sensex.
Shares of Srinagar-based lender rose as much as 6.6 percent, the most in nearly three months, to Rs 38.70.
The company’s profit rose 43 percent on a yearly basis to Rs 104 crore during October-December period, according to its stock exchange filing.
Key earnings highlights (Q3, YoY):
Trading volume was 222 times its 30-day average, Bloomberg data showed. The stock has declined 55 percent in the past 12 months.
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