Stocks to watch: Pipavav Defence, ABG Shipyard, Bharati Shipyard
Most offers are coming from regular recruiting firms and sectors led by consulting, analytics, IT and finance.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
The S&P BSE Sensex dropped 207 points to end at 25,230.
Promoters increasing stakes is definitely a positive signal for the market and investors.
Gains in financial shares capped further downslide.
Financials were the top losers after sharp gains in the previous session along with ITC
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
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Banks, real estate and metal scrips among the top losers.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The shocking death of 53 infants in the last 11 days at Sishu Bhavan in Cuttack have raised questions about poor infrastructure and shortage of doctors in major hospitals in Odisha.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
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