INSUBCONTINENT EXCLUSIVE:
Tata Motors gained over 2 per cent in late trade on Friday after its flagship subsidiary Jaguar Land Rover showed signs of improving sales
December sales for the luxury carmaker increased 1.3 per cent
YES Bank dived 5 per cent following the resignation of an independent director
Edelweiss Financial hit its 10 per cent lower circuit limit after reports that the Enforcement Directorate has summoned cofounder Rashesh
Shah in a forex scam.
BSE benchmark Sensex rose 147 per cent for the day to 41,599, while its NSE counterpart Nifty gained 40.90 points to
Q3 earnings expectations are influencing the market due to healthy outlook with regard to a low base effect and mild improvement in the
economy," said Vinod Nair, Head of Research, Geojit Financial Services
cent to Rs 45 after independent director Uttam Prakash Agarwal resigned, citing deteriorating corporate governance standards and compliance
Meanwhile, Morgan Stanley slashed the target price for the stock to Rs 25.
Edelweiss tanks 10%Shares of Edelweiss Financial Services crashed
9.56 per cent to Rs 106 on BSE after reports that the Enforcement Directorate has summoned co-founder Rashesh Shah in connection to a forex
The company denied the news.
TaMo races aheadShares of Tata Motors gained 2.27 per cent to Rs 196.40 after Jaguar Land Rover reported a rise
The British luxury carmaker said it sold 52,814 vehicles during the month, boosted by China sales that grew 26.3 per cent year-on-year.
Infy
gains ahead of Q3 showInfosys shares gained for the second straight day and added 1.47 per cent to Rs 738 on BSE
The company is set to come out with its December quarter earnings later in the day
Meanwhile, the audit panel of Infosys said allegations made against the company last year by whistleblowers are substantially without merit
Later in the day, the company beat Street estimates to report a 23.49 per cent year-on-year rise in profit at Rs 4,457 crore compared with
Rs 3,609 crore posted for the same quarter last year.
Most active stocksBharti Airtel was the most active stock on NSE in terms of
It was followed by SBI, YES Bank, Tata Motors and Reliance Industries
YES Bank was the most transacted stock in terms of volume, followed by Vodafone Idea, Dish TV, Tata Motors and SBI.
Smallcaps
outperformNifty Smallcap Index continued its outperformance as it advanced 0.84 per cent to 6,056
Other broader market indices also gained
Nifty Midcap index rose 0.39 per cent to 17,386 while Nifty500 added 0.34 per cent to 9,978.
Nifty Private Bank index sole loserNifty
Private Bank index was the sole sectoral loser on NSE, down 0.18 per cent at 17,729
It was pulled down by losses in YES Bank, RBL Bank, IndusInd Bank and ICICI Bank
All other sectoral indices ended the day in the green
Nifty Metal Index was the biggest gainer, up 1.21 per cent.
Banks, Infy lift SensexHDFC Bank, Infosys and Kotak Mahindra Bank were among the
They together contributed 113 points
BSE as they crossed below 30-mark in Relative Strength Index (RSI)
They included Vikas Multicorp, Indian Bank, Dollar Industries, Sanghvi Forging, Ankit Metal and Mehai technology, among others