On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
The CCI has initiated an investigation against cement companies in India regarding alleged anti-competitive behaviour
All that happened in the markets today
Improvement in per tonne profitability, despite sharp fall in volumes due to lockdown, may lead to earnings upgrade
The stock of ICICI Lombard GIC has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength
Despite the lockdown impacting volumes, lower costs drove earnings and beat expectations
A likely demand improvement, declining costs is keeping some analysts positive on ACC, but UltraTech's better placed given higher per tonne profit and expanded capacities
For ACC, the RSI has signaled a trend reversal while decent volume participation has also been witnessed
The RSI on ICICI Pru Life has indicated a strong trend reversal with positive bias, signalling a buy
India's economy is forecast to slow further to 6 per cent growth this year, following a deceleration in 2018, according to economists surveyed by Bloomberg
Top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
The company posted 39 per cent year-on-year jump in consolidated net profit at Rs 456 crore in June quarter on the back of higher realisation.
Here's a look at the top counters that are likely to trade actively in today's session.
Profitability below Street estimates because of subdued realizations
The stock up 3.5% to Rs 1,485 on BSE, after the cement manufacturer said that its board approved Rs 30 billion expansion plan.
Shares of cement companies were under pressure falling by up to 8% on the BSE in intra-day trade after the ACC reported lower than expected operating performance for the quarter ended September 2018.
ACC became subsidiary of Ambuja, after the merger of the latter with Holcim (India)
The scrip has reached a high and low of Rs 1,567.25 and Rs 1,511 during the day
The company's consolidated net sales grew about 7.8% to Rs 3,108