Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players' growth outlook. Analysts warn that the emergence of tech-based startups could weigh on organised players' profit-pool, and can potentially erode their market share. Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology.
'Most Indian logistics firms do not have the facility to store and transport COVID-19 vaccine right now.'
These include Great Eastern Energy Corporation and Shemaroo Entertainment.
The BSE Mid-Cap index was currently down 1.25%
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
This was the biggest IPO in the Indian market since Infratel's.
Traders are closely watching the progress of the monsoon.
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Buoyed by the success of secondary market, IPO market set to see high action
Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Flipkart might consider Singapore, too, as listing norms aren't very strict.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Markets ended at record closing highs for the second day in a row on institutional buying.
'At the stage where we are in today in the country, by the time mass vaccination becomes available, it would be around the middle of next year.' 'Most of those people, who got infected this year, will be next year back to level zero -- once again susceptible.'
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra answers reader queries on the stock market.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
