Metals stocks lost shine today; Vedanta, Tata Steel and Hindalco Industries plunged 3.5-4.5 percent. HDFC was the top contributor to Sensex’s fall, down 3.4 percent followed by HDFC Bank, Infosys, Sun Pharma and LT with 1.5-2 percent loss.
Posts tagged MC
Sensex slips 1%, Nifty hovers around 8K; HDFC twins plunge (02-11-2015)
Pulses racing: Can govt measures bring down tur dal prices? (02-11-2015)
While rising food inflation driven by pulses has been a never-ending discussion topic in India’s macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210
Sensex, Nifty fall sharply; infra, metal, pharma stocks dip (02-11-2015)
MM, Tata Motors, Maruti, ICICI Bank and TCS are top gainers while Bajaj Auto, Hindalco, Sun Pharma and Vedanta are major losers.
OBC Q2 profit rises 3%; asset quality improves sequentially (02-11-2015)
Asset quality of the bank improved sequentially though deteriorated on yearly basis. Gross non-performing assets (as a percentage of gross advances) declined 15 basis points quarter-on-quarter (up 96 bps year-on-year) to 5.7 percent and net NPA fell 21 bps sequentially (up 26 bps on yearly basis) to 3.55 percent in quarter ended September 2015.
Fret not on weak FY16 guidance, analysts still bet on LT (02-11-2015)
CLSA maintains a buy rating stating that LT looks well positioned in the domestic market to take advantage of a revival in the infrastructure capex cycle.
Why is Mumbai such an expensive real estate destination? (02-11-2015)
Anuj Puri, Chairman Country Head of JLL India, says Mumbai’s geography allows for only linear development unlike other cities that have circular development. Hence, the city’s real estate can only grow from the South towards the North.
Looking to grow loan book 25%, focus on non-infra: IDFC CFO (02-11-2015)
IDFC had to make a provision of Rs 2500 crore and reverse Rs 139 crore of interest income, towards stressed assets during the September quarter. Kakar says the provisions were not mandated by regulations, but were made as a prudent measure.
SSTL approves merger with Reliance Communication (02-11-2015)
The board of Russia’s Sistema Shyam Teleservices (SSTL), which operates telecom services under the MTS brand, today approved its de-merger with Anil Ambani’s Reliance Communications (RCom).
Nifty holds 8000 amid pressure; MM, Tata Motors, Maruti up (02-11-2015)
Auto stocks bucked the trend post October sales data. Mahindra Mahindra rallied 3 percent as its October sales increased by 20 percent year-on-year to 51,383 units, majorly led by passenger vehicle (up 19 percent to 24,060 units) and commercial vehicle sales (up 31 percent at 18,756 units).
Nifty breaches 8000, Sensex weak; MM, Tata Motors gain (02-11-2015)
Auto stocks bucked the trend post October sales data. Mahindra Mahindra rallied 3 percent as its October sales increased by 20 percent year-on-year to 51,383 units, majorly led by passenger vehicle (up 19 percent to 24,060 units) and commercial vehicle sales (up 31 percent at 18,756 units).