PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
The company reported ₨ 635.4 crores of revenue from operations for Q3FY22, a growth of 6.7 per cent from the previous quarter.
Stock market may test retail participation this year
Stock market LIVE: Sector-wise, only Auto, metals and energy stocks were trading higher. Meanwhile, Nifty IT index, down nearly 2 per cent , was still the biggest loser. .
One thing that has assumed primacy during the last 18 months is the ongoing talent war
Nifty down 1.07%; sell-on-rise scenario may exist for some time, say experts
M-cap gap with UK narrows to 2% from 8% in a month
Prestige Estates surges 8% to hit life-time high on strong Q3 sales; AGS Transact Technologies IPO to open on Wednesday and close on January 21; Delhivery gets SEBI's approval for Rs 7,460-crore IPO
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
It is interesting that investors in the stock market are often not overly concerned with reforms for credible returns
In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.
Analysts expect margins of cement companies to bottom out in Q3FY22, with likely recovery in demand and prices.
Historically, there has been a high positive correlation between the changes in the US Federal balance sheet and the changes in the Indian equity markets
TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.
In the past one week, the stock has zoomed 44 per cent, on expectation of improvement of company's performance, primarily due to the price hikes taken in the lignite division.
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.
Rating agency ICRA said that its reaffirmation in ratings takes into account Pricol's strong revenue and margin growth in FY2021 and H1 FY2022.