Latest News
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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, Nifty end lower
Energy stocks led declines today with Cairn India, BPCL and Reliance among the top losers. Real Estate major, DLF, also dropped sharply in trade following a disappointing set of Q3 numbers posted by the company.
Metal stocks saw a fall with Tata Steel, Hindalco and Jindal Steel all losing ground in trade today. Other prominent losers were HCL Tech, Bajaj Auto, Power Grid Corporation and Lupin.
Siemens continued to fall after the company was dropped from the Nifty group of stocks. Maruti Suzuki fell after the company was excluded from the MSCI index.
Dr Reddy's fell sharply following a poor set of numbers and after a reputed brokerage firm downgraded the stock.
Poor results by DLF dragged other realty stocks lower with Oberoi Realty, HDIL and Godrej Property.
Nifty stocks that gained in trade today were Tata Power, NTPC, Sun Pharma and Kotak Bank. Shares of Suzlon dropped more than eight per cent after its consolidated loss increased four-fold.
Meanwhile, markets in Europe were trading lower led by losses in the German DAX, the French CAC and the UK's FTSE.
Markets are expected to trade in a range and take cues from the Union Budget to be declared later this month.
GoodReturns.in
