India News
Search Web Directory
News Home
Nifty hovers around 8,460; ITC, HDFC down over 1%
Posted on 27th November 2014
Markets continued to trade flat with stock specific action seen ahead of the expiry of November derivative contracts today.

At 1:15PM, the 30-share Sensex was down 41 points at 28,345 and the 50-share Nifty was down 10 points at 8,466.

In the broader market, both BSE midcap and smallcap indices are outperforming their larger peers with gains of 0.4% and 0.5% each. Market breadth in BSE was positive with 1,412 advances against 1,272 declines.

On the macro-economic front, a Reuters survey has estimated the GDP growth rate for the July-September quarter to come around 5.1% down from 5.7% in the previous quarter. The official figures will be released tomorrow by the government.

Today, the 12-nation Organization of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent years in Vienna, with members under pressure to address falling prices, which have sunk 30% since June.

Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 181.46 crore on Wednesday, as per provisional stock exchange data.

The rupee is trading at 61.85 versus Wednesday's close of 61.84. However, the dollar is likely to firm up on the back of demand from importers to meet month-end commitments.

BSE Consumer Durables index was the top loser down nearly 1% followed by Capital Goods, FMCG, Auto and Bankex indices.

ITC and HDFC which had led gains in the previous session witnessed profit taking and were down 1.2-1.5% each.

Bank shares also witnessed profit taking at higher levels with SBI, ICICI Bank, HDFC Bank and Axis Bank down 0.6-1% each.

However, IT shares have seen fresh buying on back of positive macro-economic data from US, the primary markets for Indian IT majors. Infosys was up nearly 2% while TCS and Wipro are up 0.3% each.

Currency devaluation in Nigeria continues to weigh of stocks of Bharti Airtel and Bajaj Auto losing 1.9% and 0.3%, respectively.

Among other shares, Era Infra Engineering was locked at 5% lower circuit at Rs 6.25 on BSE after IFCI sold 14.25 lakh shares of the company at Rs 6.61 per share in a bulk deal on NSE yesterday.

Dr Datson Labs has gained around 3% to Rs 14 on BSE after being voted as "Transformational & Come Back Company of the Year" at Historic 7th Annual Pharmaceutical Leadership Summit & Business Leadership Awards 2014.

Related Companies: State Bank of India   ICICI Bank   HDFC Bank   Bajaj Auto Limited

Other Latest News
Sensex, Nifty end higher for 2nd session on strong fund inflow, firm rupee
Posted on 17th November 2018
The BSE Sensex on Friday continued its rising streak for the second day to end at near a four-week high of 35,436.33, fuelled by gains in Reliance Industries, Bharti Airtel and other bluechips amid continued foreign fund inflows and strengthening rupee.

A higher opening in European shares too influenced sentiments here.

India set to buy Seahawk helicopters from US for $2 billion
Posted on 17th November 2018
Washington: India has sought from the US 24 multi-role MH-60 ‘Romeo’ anti-submarine helicopters for its Navy at an estimated cost of $2 billion, according to defence industry sources.

The deal is likely to be finalised in a few months.

Relief for Hyundai: Supreme Court stays Rs 420-crore fine
Posted on 17th November 2018
The Supreme Court on Friday stayed the Competition Commission of India’s order that imposed over Rs 420-crore penalty on the country’s second-largest car maker Hyundai Motors India for anti-trade practices including lack of standardisation of spare parts and allowing original equipment suppliers (OESs) to sell spare parts in the open market without any restrictions.

Analyst Corner: Retain ‘buy’ on Ashok Leyland, target price Rs 135
Posted on 17th November 2018
The EBITDA margin at 10.6% for Q2FY19 missed our/consensus estimates by 60 bps on lower realizations and higher commodity costs. The bigger surprise was resignation of Vinod Dasari with effect from March 31, 2019. Dheeraj Hinduja will take over as the executive Chairman till the Board finds a suitable replacement.We expect FY20 earnings to benefit from a confluence of factors (higher volumes, lower discounts, higher operating leverage) on BS6 pre-buy.

GVK Power gets approval to raise Rs 8,000 crore for debt repayment
Posted on 17th November 2018
GVK Power and Infrastructure (GVKPIL) has received the shareholders’ approval to raise up to Rs 8,000 crore.

The resolution to raise the funds, by a combination of various options listed on the agenda of the annual general meeting (AGM) held recently, has been passed by the requisite majority, the company said in a BSE filing on Friday.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Nifty hovers around 8,460; ITC, HDFC down over 1%
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for Nifty hovers around 8,460; ITC, HDFC down over 1%

Most Read News

Vodafone Idea to report a sizeable loss in September quarter, say analysts

Markets post third straight weekly gain; YES Bank stock declines 7%

Sensex, Nifty end higher for 2nd session on strong fund inflow, firm rupee

Coal India share sale to employees receives a lukewarm response

GVK Power gets approval to raise Rs 8,000 crore for debt repayment

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018
    All Rights Reserved
Privacy Statement