Mid Market Watch: SBI Life falls on the start of OFS

Share price of SBI Life Insurance Company declined 1.44% or Rs.11.50, quoting price at Rs.788.15-per share, through the mid-session after the company said the largest lender State Bank of India (SBI) will sell up to 3.50-Cr equity shares, in the company through offer for sale (OFS) starting today, 12 Sept...

Sensex, Nifty recover in trade today, Top rising Stocks

Indian share market trade higher as the sectoral stock rises were led by Auto, banking/financial, realty, metal and pharma stocks. Shares of IndiaBulls HousingFinance being the top gainer in Nifty ahead of the Company’s Q1 results scheduled for today. At 10am, the BSE Sensex was at 36,829-level up by 130-pts,...

Sensex Slumps 462-Pts, Nifty Sink 138pts

The benchmarks BSE Sensex & NSE Nifty50 nosedived in the first day of the month tracking weak global signals, after the US Fed-Reserve slashed interest rates by 25bps, as was largely hoped. Also, auto earning numbers have been slow which has led to a new round of selling pressure, also...

The Top Biz Buzz, Q1 Profits & Stocks Today

Following stocks reacted negatively based on their recent result updates: Eicher Motors, UPL, Container Corp and Ashok Leyland. Eicher Motors Ltd: The auto company’s first quarter end June (Q1) net profit reportedly declined 21.59pc to Rs451.77-Cr on 5.56pc decline in total income to Rs2523.17-Cr, Y-o-Y The result was repo0rted post...

Nifty, Sensex Open Lower, Metal Stock falls

Key benchmark indices of the markets opened on a negative note today, first August, with the Nifty at 11,050 -mark. At around 10am, the Sensex is down 219-pts at 37,261-level, while the NSE Nifty is down 68-pts at 11050-level. Wipro, Infratel, Power Grid, IndusInd bank and Titan are among major...

The Top Biz Buzz, Q1 Profits & Stocks Today

Mid-Market Updates: Following stocks reacted negatively based on their recent result updates: PNB Housing Finance, CoffeeDay Enterprises, TechMahindra and Axis Bank PNB Housing Finance Ltd: The Indian public limited housing finance company reported a 11pc rise in its net profit at Rs.284.50-Cr for the June quarter (Q1) but missed street...