NEW DELHI: The S&P BSE Sensex managed to rally as much as 171 points in trade on Thursday, after opening on a muted note. The rally in the index was led by gains in HDFC, HDFC Bank, Axis Bank, Infosys and Tata Motors.
Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8750, supported by gains in auto, banks, IT and FMCG stocks.
Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8750, supported by gains in auto, banks, IT and FMCG stocks.
At 10:20 a.m.; the 30-share index was at 29,039, up 156 points or 0.54 per cent. It touched a high of 29,054.26 and a low of 28,824.88 in trade today.
The Nifty was at 8,761.55, up 38 points or 0.44 per cent. It touched a high of 8,768.30 and a low of 8,705.55 in trade today.
Here is a list of fifteen stocks which are in focus today:
Bharti Airtel Ltd: Consolidated profit rose to Rs 1,436 crore for the three months ended December 31 from Rs 610.2 crore. It was the highest level of earnings since September 2010 and was the fifth straight quarter of profit growth after a prolonged period of declines under competitive pressures.
At 10:20 a.m.; the stock was trading 0.7 per cent lower at Rs 365.
Bharti Airtel Ltd: Consolidated profit rose to Rs 1,436 crore for the three months ended December 31 from Rs 610.2 crore. It was the highest level of earnings since September 2010 and was the fifth straight quarter of profit growth after a prolonged period of declines under competitive pressures.
At 10:20 a.m.; the stock was trading 0.7 per cent lower at Rs 365.
NMDC Ltd: The government's plans to push through stake sales in four more public sector firms by March-end has not met with much interest from foreign investment bankers.
At 10:20 a.m.; the stock was trading 0.6 per cent lower at Rs 139.
At 10:20 a.m.; the stock was trading 0.6 per cent lower at Rs 139.
Reliance Industries Ltd: Reliance Industries today raised USD 750 million (about Rs 4,624 crore) through a 30-year overseas bond issue, just a fortnight after it raised USD 1 billion in India's first such bond of the year.
At 10:20 a.m.; the stock was trading 0.5 per cent higher at Rs 933.
Blue Star Ltd: Air-conditioning company Blue Star is aiming to capture ten per cent of the room AC market in the next fiscal, an official of the firm said.
At 10:20 a.m.; the stock was trading 0.4 per cent lower at Rs 340.05.
At 10:20 a.m.; the stock was trading 0.4 per cent lower at Rs 340.05.
Pipavav Defence: Mahindra & Mahindra, the Hero group and a French shipbuilder have started separate discussions with the promoters of Pipavav Defence & Offshore Engineering to purchase a 19% stake in the company that has facilities to build warships, submarines and LNG carriers, three people with direct knowledge of the matter said.
At 10:20 a.m.; the stock was trading 7.5 per cent higher at Rs 53.75.
Financial Technologies Ltd: The government can pass a final order to merge crisis-hit National Spot Exchange (NSEL) with its holding company Financial Technologies (FTIL) under Section 396 of the Companies Act, 1956, in eight weeks from Wednesday.
At 10:20 a.m.; the stock was trading 1.6 per cent higher at Rs 201.
At 10:20 a.m.; the stock was trading 1.6 per cent higher at Rs 201.
HDFC Bank Ltd: HDFC Bank, the second-largest private sector bank, launched its programme to raise Rs 10,000 crore through a combination of share sales to qualified institutional investors and the issue of American Depository Receipts (ADRs) on Wednesday. JM Financial, Barclays, Bank of America Merrill Lynch, JPMorgan and Citibank are bankers to the issue.
At 10:20 a.m.; the stock was trading 1.4 per cent higher at Rs 1083.
Wockhardt Ltd: Pharmaceuticals major Wockhardt reported 14.05 per cent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.
At 10:20 a.m.; the stock was trading 0.7 per cent higher at Rs 1294.
At 10:20 a.m.; the stock was trading 0.7 per cent higher at Rs 1294.
Bombay Dyeing and Manufacturing Co: The company reported a net loss of Rs 65.93 crore for the third quarter ended December 31, 2014. The company had posted a net loss of Rs 93.15 crore for the same period of previous fiscal.
At 10:20 a.m.; the stock was trading 2.9 per cent lower at Rs 79.90.
At 10:20 a.m.; the stock was trading 2.9 per cent lower at Rs 79.90.
Aurobindo Pharma Ltd: The pharma major reported a 7.93 per cent decline in its consolidated net profit at Rs 384.35 crore for the third quarter ended December 31, 2014.
At 10:20 a.m.; the stock was trading 4.4 per cent lower at Rs 1161.
At 10:20 a.m.; the stock was trading 4.4 per cent lower at Rs 1161.
Dr Reddy's Laboratories Ltd: The drug maker is set to expand the capacity of three of its bulk drugs and intermediates manufacturing plants located in Telangana, with a combined investment of Rs 82 crore.
At 10:20 a.m.; the stock was trading 0.9 per cent lower at Rs 3073.
At 10:20 a.m.; the stock was trading 0.9 per cent lower at Rs 3073.
Novartis India Ltd: The drug firm reported a net loss of Rs 1.18 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 15.23 crore in the same period last fiscal, Novartis India said in a filing to the Bombay stock exchangeAt 10:20 a.m.; the stock was trading 3.8 per cent lower at Rs 651.
Magma Fincorp: Non-bank lender Magma Fincorp reported a 24.86 per cent jump in net profit at Rs 44 crore in the third quarter ended December.
At 10:20 a.m.; the stock was trading 4 per cent higher at Rs 99.
At 10:20 a.m.; the stock was trading 4 per cent higher at Rs 99.
National Fertilisers Ltd: The state-owned firm National Fertilisers reported an over two-fold jump in its net profit at Rs 47.04 crore for the quarter ended December 2014.
At 10:20 a.m.; the stock was trading 1.8 per cent higher at Rs 39.75.
At 10:20 a.m.; the stock was trading 1.8 per cent higher at Rs 39.75.
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