Nomura has pegged revenue of Bharti Airtel at Rs 11,400 crore, down 7 percent QoQ and EBITDA at Rs 3,760 crore, down 11 percent QoQ.
Foreign players in single brand retail trade will now be able to set up own shops in India without government approval.
CICIdirect expects weak results from Sun Pharma due to continued pricing pressure in Taro portfolio and FDA issues at Halol plant and also Lupin due to competition in generic Fortamet and Glumetza, and Glenmark Pharma due to weak US growth on high base with Zetia exclusivity.
The BSE telecom index was trading in the green, up 0.62 percent at 1661.23 with Bharti Airtel marginally down 0.25 percent while Idea Cellular was trading in the green, up 0.18 percent at Rs 109 per share.
The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.
Remember the market adage 'don't catch a falling knife'. Or should you?
Sustaining above 10,550 levels on tradable basis Nifty can rally initially towards 10,720 and then 10,840 levels. On the downside, the index has support at 10,400 which was last week low and a break below the said level may trigger a decline towards 10,320 and then 10,230 levels, says Ashish Chaturmohta, Head of Technicals and Derivatives, Sanctum Wealth Management.
Amid high valuations and a volatile macro environment, Credit Suisse recommends investors to focus on long-term structural themes that have been shaping up in India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.
Mitessh Thakkar of miteshthacker.com recommends buying Hero MotorCorp with a stop loss of Rs 3750 and target of Rs 3860 and Tata Chemicals with a stop loss of Rs 755 and target of Rs 795.
Top data points to help spot profitable trade on Tuesday
The market breadth was in favour of the advances on Monday afternoon with 1065 stocks advancing as against 665 declines while 291 remained unchanged. On the other hand, 1801 stocks advanced and 1121 stocks declined while 116 remained unchanged on the BSE.
Stewart & Mackertich has initiated an Accumulate rating on Raymond with a target price of Rs 1,161 per share. It expects bright growth prospects in branded apparel segment going ahead.
The market breadth was in favour of the advances on Monday morning with 1161 stocks advancing as against 467 declines while 386 remained unchanged. On the other hand, 1633 stocks advanced and 676 stocks declined while 88 remained unchanged on the BSE.
Mitessh Thakkar of miteshthacker.com recommends buying Bajaj Finance with a stop loss of Rs 1780 for target of Rs 1880 and Federal Bank with a stop loss of Rs 109.50 for target of Rs 118.
Many companies have recorded improvement in their topline following listing. The SME IPO Index has given a good return of over 80 percent last year, BSE SME head Ajay Thakur.
Led by the rally in the stock market, the total market capitalisation of BSE-listed companies soared by Rs 1.13 lakh crore to a record Rs 1.53 lakh crore (USD 2.4 trillion).
The market breadth was in favour of the advances on Friday afternoon with 1042 stocks advancing as against 653 declines while 307 remained unchanged. On the other hand, 1721 stocks advanced and 1098 stocks declined while 138 remained unchanged on the BSE.
The market breadth was in favour of the advances on Friday morning with 1175 stocks advancing as against 476 declines while 350 remained unchanged. On the other hand, 1745 stocks advanced and 763 stocks declined while 107 remained unchanged on the BSE.
Mitessh Thakkar of miteshthacker.com recommends buying Century Textiles with a stop loss of Rs 1410 for target of Rs 1500 and a buy on CESC with a stop loss of Rs 1069 for target of Rs 1130.
Investors are advised to stay long on the index with a trailing stop loss below 10,400, suggest experts.
The initial public offer will open on January 10 and close on January 12, Apollo Micro Systems said in a statement.
CA Rudramurthy BV, Research Head at Vachana Investments recommends buying Jain Irrigation Systems, Fortis Healthcare and Hindalco Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Naval and Eicher Motors and can buy Prestige Estates.
104 stocks hit fresh 52-week high on NSE including Automotive Axles, Bajaj Electricals, Graphite India, Hexaware, Jet Airways, Jubilant Food, L&T and Zee Media among others.