Yes Bank was the top gainer on the both NSE and BSE today, surging over 9.30% and 8.35% respectively, on closing, followed by Hindalco, Axis bank and BPCL, whereas major losers were HCL Tech, Tech Mahindra and Dr. Reddy’s.
Stock prices are inclined to rise when earnings results beat market expectations; on the other hand, disappointing earnings results tend to lower share prices.
The NBFS stocks continue to remain under stress with this news. The stress is based on worries that mutual funds (MFs) and other large subscribers to commercial papers issued by NBFCs and housing finance companies (HFCs) would choose to not rollover the securities when they mature.
The Reliance Industries Limited has announced its Sept 2018 quarter results after stock market hours on Wednesday. The result meets analyst’s estimates. It reported a net profit of Rs 8,859 cr, for Sept 2018 as v/s Rs 8,820 cr, during Read more
Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in ZENTEC. “ZENTEC is strong on daily Charts & bullish cross over in MACD and good numbers at CCI shows bullish Read more
Sensex, Nifty edged higher in early trade, Thursday after the Fed Reserve delivered a much-anticipated interest rate. The BSE Sensex rose 21.02 points at 33,074.06. The NSE Nifty index advanced 11.90 points at 10,204.85 in the late morning hours. Shares Read more