The Sensex ended flat while the Nifty closed in the red, weighed down by IT, FMCG, and metal stocks on October 21. Apart from Nifty Auto, all other sectoral indices were in negative territory. Here’s a look at the top gainers and losers in trade today.
Markets hit a fresh record high on Friday, July 14, backed by another day of stellar rally in technology stocks and positive global cues on falling inflation in the United States. The Nifty notched a record close to shut shop above the 19,550 mark for the first time ever while the Sensex clocked in its highest close ever, above the 66,000 mark. Will the momentum sustain as we enter an earnings-heavy week? The GIFT Nifty signals an open above the 19,600 mark even as China’s Q2 GDP misses expectations. Among key earnings this week – Index heavyweight Reliance Industries, banking behemoths such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank; and other biggies like Infosys, HUL among others will hand in their first quarter report card this week. Stocks in focus today are HDFC Bank, Bandhan Bank, LTIMindtree and JustDial. Meanwhile, the IPO rush continues on Dalal Street with Netweb Technologies’ Rs 630 crore issue kicking off for subscription today, on July 17. Catch Nandita Khemka in conversation with Rajesh Palviya of Axis Securities; and Nirav R Karkera, Head - Research, Fisdom. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Bullish cues from global markets. S&P and NASDAQ rising 1 percent each. SGX Nifty signalling a higher start for Indian equities. All eyes will be on central bankers as they convene in Portugal at the bankers’ forum. Back home market regulator SEBI’s Board will meet today on June 28, we tell you what’s on their agenda. More details on the HDFC-HDFC Bank Merger. We also bring you details of the ICC World cup fixtures that were announced recently. Stacy Pereira discusses all this and more on Newspresso.
Equity benchmarks extended gains in last hour of trade with the Nifty holding 8200 level led by heavyweights Tata Motors, Reliance Industries, HDFC and ITC.
India's second largest private sector lender HDFC Bank met analysts' expectations on Tuesday with second quarter profit rising 20.4 percent year-on-year to Rs 3,455.3 crore. Net interest income, other income, operating profit and lower provisions boosted profitability.
HDFC Bank, the country's second largest private second lender, is likely to report a 20 percent growth in Q2 profit at Rs 3,443 crore on yearly basis, according to consensus estimates.
The sell-off continued on Monday as equity benchmarks lost over half a percent, in addition to 1.3 percent loss in last week as investors remained cautious ahead of September quarter earnings. Weakness across the globe and fall in index heavyweights drove the market down.
Karvy has come out with its Wealth Maximizer report for 2015. "Top ten Largecap picks in the Wealth Maximizer (for a time frame of 9-12 months) are Asian Paints, Divis Lab, HDFCBank, ITC, JSWSteel, L&T, Reliance Industries, Tata Motors, TCS and Ultratech Cement" says the research firm.
Kunal Bothra of LKP advises to buy Tech Mahindra and HDFC Bank. He also suggests to sell Reliance Infrastructure.