HDFC, ITC, ICICI Bank, HDFC Bank, Infosys, Reliance Industries, TCS, Mahindra Mahindra and Wipro were down 1-2 percent.
Posts tagged MC
Sensex, Nifty continue to fall; HDFC, ITC, ICICI drag (04-12-2015)
Seventh Pay Commission to boost luxury products sale:Voltas (04-12-2015)
In an interview to CNBC-TV18, Pradeeep Bakshi, President COO, Unitary Products, Voltas, says the last three to four months have been good for the company and there has been an uptick in sales
Fed hike will have sentimental impact; like pharma: HSBC (04-12-2015)
The natural fallout of a Fed rate hike is a strong dollar, which in turn implies weaker currencies across emerging markets, says Tushar Pradhan, CIO of HSBC Global Asset Management (India)
Mphasis falls 3%; Goldman downgrades, sees 21% downside (04-12-2015)
Mphasis recent price rally has more to do market’s with appetite for mid-cap IT firms and not much about any turnaround in Mphasis fundamentals. After Q2FY16 results, Mphasis share price has jumped 20 percent despite no material improvement in growth or margin profile but it continues to face declining revenues from its largest client HP.
RCom Board Meet: Co likely to announce Infratel stake sale (04-12-2015)
CNBC-TV18’s Reema Tendulkar gives a detailed analysis of the expected divestment.
Sensex wobbles, Nifty struggles below 7800; Sun Pharma up (04-12-2015)
MM, HDFC, Wipro, ITC and ICICI Bank are major laggards in the Sensex while SUn Pharma, Tata Steel, Tata Motors, Coal India and Vedanta are top gainers.
Sun Pharma up 6% on USFDA nod for anti-cancer drug Gleevec (04-12-2015)
“The subsidiary today has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for generic version of Gleevec, imatinib mesylate tablets 100mg and 400mg,” says the country’s largest drug maker in its filing.
See 75 bps rate cut by March 2017; outflows likely: UBS (04-12-2015)
Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS, says there are concerns about the government meeting its reform targets.
Nifty hovers around 7800 amid pressure; Tata Motors gains (04-12-2015)
Tata Motors, Sun Pharma, Lupin, Bharti Airtel, Tata Steel, Coal India, Vedanta and Hindalco Industries bounced back, rising 0.3-0.8 percent.
Long-term bull mkt intact; 2016 may be a difficult yr: IIFL (04-12-2015)
More than the Fed action, one should be worried about what China will do to revive its economy, says Amar Ambani, head of research at IIFL. “China devaluing its currency further is a risk,” he says