Latest News
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Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY
Markets end steady; high beta names drop
Among the losers in trade were Jaiprakash Associates, DLF, Hindalco and Ambuja Cements. Selling was prominent throughout the Nifty stocks except a few like Mahindra and Mahindra, HDFC, Tata Power and Power Grid.
Retail stocks saw selling pressure ahead of the parliament session, which could see a heated debate and even a voting, if permitted, for FDI in multi-brand retail.
Stocks of Pantaloon Retail, Brandhouse Retails, Koutons and Provogue ended the day with losses. Tata Global Beverages continued to fall sharply for a second day in a row, after Morgan Stanley stated that the Starbucks' impact on Tata Global was overstated.
Banking shares too saw selling pressure in trade today with ICICI Bank, State Bank of India, IDBI Bank, Punjab National Bank and Indian Overseas Bank amongst the losers.
Heavyweights Reliance Industries and ONGC added pressure on the Sensex.
Meanwhile, markets in Europe were trading negative largely after Moody's downgraded France and warning of further action, if reforms are not implemented.
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