CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.
If IndusInd Bank breaks support at Rs 1,110, the stock can dip to Rs 1,000-mark; Whereas, Ashok Leyland needs to clear its near hurdle at Rs 160 for fresh strength to emerge.
Shares of Fiem Industries hit a new high at Rs 2,024.95, and have rallied 22% in the past two days after the company reported 54% YoY jump in its consolidated net profit.
A return of foreign investors is bolstering the market, where the benchmark S&P BSE Sensex Index rose to an all-time high on Friday as risk assets rejoiced over a softer US inflation print
Regulator issues fresh guidelines for unpaid securities
Further gains in margins and growth acceleration in the fashion section are potential triggers
Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times
Firm says it will begin process to review and monetise assets for stakeholders
On a sequential basis, the bank's net profit rose 67.7 per cent from Rs 7.75 crore in April-June
CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge
Stock market today: The Sensex, Nifty indices are now only around 1 per cent away from reclaiming their all-time highs of 62,245.43 and 18,604.45, respectively
The management also indicated at expansion in gross margins in coming quarters as input cost normalises with no production constraint as this point in time
DCX listed at Rs 287, a 39 per cent premium over its issue price of Rs 207 per share on the National Stock Exchange (NSE) on Friday.
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia's S&P/ASX 200 index climbed 2.43% and Japan's Nikkei rose 3%
The derivative analyst from HDFC Securities recommends buying Hero MotoCorp 2750 Call and simultaneously selling 2800 Call of the November series.
According to the technical analyst from Anand Rathi, Jubilant Ingrevia can rally to Rs 570, while Whirlpool of India can target Rs 1,600 on the upside.
Non-promoter entities in bankruptcy-hit firms to be given opportunity to acquire shares
This is the first quarter where the food aggregator crossed the billion-dollar mark in annualized revenue, Zomato revealed
After a sharp rally, valuations reflect the strong Q2 show
Suuti's exit removes overhang on stock, say experts