The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230. Hindalco, Lupin, Tata Steel, HDFC, RIL, Axis Bank and GAIL are among the gainers, whereas HUL, Bharti Airtel, Infosys and HDFC Bank are losing sheen on BSE.
The BSE Mid-cap Index is trading up 0.43% at 10,662, whereas BSE Small-cap Index is trading up 0.59% at 11,230.
All sectors are in postive.
Hindalco, Lupin, Tata Steel, HDFC, RIL, Axis Bank and GAIL are among the gainers, whereas HUL, Bharti Airtel, Infosys and HDFC Bank are losing sheen on BSE.
The India VIX (Volatility) index is down 2.84% to 17.21.
Out of 1,714 stocks traded on the NSE, 323 declined and 977 advanced today. A total of 14 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE.
The Nifty is struggling to close above the 8150 level confidently. Today it will again attempt the same. Asian markets are in the green while US indices shed some weight. The Dow fell 0.9% and S&P 500 lost half a percent. Results will remain in focus. Among them include Mindtree, Cyient, Mastek, D B Corp, Lakshmi Vilas Bank, Karur Vysya Bank, Sintex Industries, LIC Housing Finance, V-Guard Industries and Himatsingka Seide. HUL fell after the company posted a net profit of Rs. 9622.40 mn for the quarter ended September 30, 2015 as compared to Rs. 9881.60 mn for the quarter ended September 30, 2014. TCS remained under pressure after consolidated net profit grew by 6.54% qoq.
ONGC will provide ‘service contracts’ to bolster crude oil output from its nine onshore assets by up to 17% by FY18, reports a business daily. Under this model, the fields are handed over to service firms, which offer a fixed rate of return to the owner of the asset, the newspaper reports.
Mahindra & Mahindra Ltd. is in initial talks with bankers to raise money by selling foreign currency bonds, according to a business daily. Any bond sale will likely happen after a few months, the report said adding that the tenure of the loan could be anywhere between 10 to 30 years. The company aims to diversify its funding sources after it received overseas investment grade rating, reports the financial newspaper.
Vedanta Resources Plc has no plans to cut its zinc output but could adjust the development of its South African operation taking into account prevailing prices, CEO Tom Albanese was quoted as saying on Wednesday. "Our businesses are fairly low cost so a rational decision would be for us to keep producing as long as these are businesses that can generate a commensurate cash return," Albanese told an international news agency on the sidelines of a mining conference in Johannesburg.
Arvind Ltd. reportedly plans to start its online retail journey with two women’s in-house fashion labels, Shuffle and Prime. The brands will compete with foreign fashion brands, such as Zara. Arvind's online venture is headed by Rajiv Mehta, Puma India’s former CEO.
No comments:
Post a Comment