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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Sensex ends lower on futures expiry day; PSU banks rally
Among the prominent gainers today were the PSU banking stocks which rallied sharply following a spectacular set of results from Punjab National Bank and Union Bank. Other PSU banking gainers included Bank of Baroda, Canara Bank and Oriental Bank.
Nifty stocks that lost ground today were Tata Power, Sesa Goa, Grasim, Ranbaxy, Reliance Industries, Jindal Steel and Ranbaxy Laboratories.
ICICI Bank which reported a healthy increase in net profits saw its share price dropping by more than 1 per cent on profit booking.
Realty major DLF saw buying interest after the company managed to sell another non core asset in order to exit its non core business.
Bharti Infra a subsidiary of Bharti Infratel dropped after the company's results failed to meet market expectations.
IT stocks ended the day soft, following a smart rally in the rupee. IT stocks that lost ground in trade today were Wipro, TCS, Infosys, MindTree, Polaris and CMC.
Metal stocks also came in for some selling pressure today with Jindal Saw, Nalco, Sterlite Industries, Hindalco, and Sesa Goa dropping.
The Mid Cap index closed the day with gains thanks to sharp jump in mid size PSU banks.
Meanwhile, markets in Europe were trading with losses following poor GDP numbers reported by the US. The German DAX, the French CAC and the UK's FTSE were all trading in the red.
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