Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
Nestle India was the top loser in the Sensex pack, shedding 2.20 per cent, on its first day as part of the index.
Engineering giant Larsen and Toubro and Aditya Birla group firm Grasim Industries are set to settle their long-standing dispute over the sale of cross-holdings out of court. Both the companies are believed to be in consultation with Chennai-based chartered accountant S Gurumurthy to act as arbitrator.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. NSE Nifty soared 245.35 points to 14,923.15.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
IndusInd Bank was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Axis Bank, Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
With inflation down, the government's twin deficits are largely under control.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
Market benchmarks gave up intra-day gains to close in the red for the sixth session on the trot on Friday, capping a bruising week which saw a massive dash for safety amid rate hikes by global central banks and fears of slowing growth.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
L&T was the top gainer in the Sensex pack, rallying 4.81 per cent, followed by M&M, Sun Pharma, Tech Mahindra, NTPC, SBI, ICICI Bank and Titan.
These are companies with a strong track record and good prospects on earnings.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
Reliance Industries was the top gainer in the Sensex pack, surging over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC twins and Kotak Bank. NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
Sensex ends lower; govt schemes in focus.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
27 large listed firms give double-digit hikes to top executives despite a decline in net profit.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
Dividend payouts seem recession-proof.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Consumer goods, durables, automobiles worst hit.
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