Oil, metals and auto stocks supported the market while IT index fell 1.7 percent from previous close. Hindalco, Vedanta, ONGC, Tata Steel and Bajaj Auto are top gainers in the Sensex. Among the losers are Wipro, Axis Bank, Bharti, Infosys and TCS.
Posts tagged MC
Nifty ends near 8200; IT slips 2%, Hindalco surges 9% (07-10-2015)
Buy Tube Investment of India; target of Rs 455:Firstcall (07-10-2015)
Firstcall is bullish on Tube Investment of India and has recommended buy rating on the stock with a target price of Rs 455 in its research report dated October 6, 2015.
No interim relief: SC refers Aadhaar case to larger bench (07-10-2015)
A Supreme Court bench hearing the applicability of Aadhaar for essential services referred the matter to a larger Constitutional bench, and refused to provide interim relief for it and regulators seeking the use of the identification program.
Still bottom-up stock picking mkt; OW on IT: Nilesh Shah (07-10-2015)
One could still go long in IT sector because the growth potential for the companies is still intact, said Nilesh Shah, Managing Director of Kotak Mahindra Mutual Fund.
Rupee breaching 65/$ due to risk-on sentiment: HDFC Bank (07-10-2015)
In an interview to CNBC-TV18, Ashutosh Raina, Head of FX Trading at HDFC Bank, says the currency gains are on the back of risk-on sentiment in the markets.
Global oil mkt well-supplied; see high OPEC output: Argus (07-10-2015)
Azlin Ahmad, Editor, Crude Oil at Argus Media says the market had already expected the slump in US September crude production.
Mutual funds see Rs 77,000 crore outflow in September (07-10-2015)
This comes on top of net outflow of about Rs 46,750 crore from mutual fund products in August. According to data from the Association of Mutual Funds in India (Amfi), investors withdrew a net Rs 77,142 crore in MF schemes last month.
Renault Kwid zooms past 25K bookings in less than two weeks (07-10-2015)
“The Renault Kwid has created a huge excitement since its launch and we are thrilled with the response it has received just at the onset of the festive season,” Renault India Operations, Country CEO and MD, Sumit Sawhney, said in a statement.
NTPC-SAIL Power Co gets green nod to expand Durgapur plant (07-10-2015)
The company is a joint venture between state-owned firms, the country’s major power producer NTPC and steel major SAIL.
Sell Tamil Nadu Newsprint; target of Rs 146: Karvy (07-10-2015)
Karvy Stock Broking is bearish on Tamil Nadu Newsprint and Papers and has recommended sell rating on the stock with a target price of Rs 146, in its research report dated October 02, 2015.