Latest News
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Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Sensex ends lower on global worries; Sun Pharma rallies
The Nifty closed the day lower by 30 points, while the Sensex shed 83 points (provisional) in trade today. Among the worst performers today was Jaiprakash Associates which dropped sharply by 4 per cent. Other Nifty losers in trade were Bhel, Bank of Baroda, BPCL, Bharti Airtel, HCL Tech, Sesa Goa, IDFC and Infosys.
Among the best performers from the Nifty was Sun Pharma which rallied after the company received FDA approval for a cancer drug. Other Nifty stocks that gained were Gail, Ranbaxy Laboratories, ACC Ambuja Cements, DLF and Ultra Tech Cement.
Mid Cap stocks came in for some heavy selling pressure with Apollo Tyres, Bharat Forge, JSW Steel, Opto Circuits, Sun TV and Tech Mahindra ending the day down.
Shares of Jain Irrigation plunged after the company reported losses. The stock ended the day lower by 5 per cent. Jubilant Foodworks closed lower by 8 per cent after its results disappointed the street.
PSU banking stocks continued to lose ground in trade with Bank of Baroda, Canara Bank and Union Bank all dropping in trade.
Realty stocks managed to hold ground today with DLF, Parsvnath, Phoenix Mills ending the day steady.
Shares of Adani Enterprises dropped after the company said that the promoters would sell shares through an offer for sale. Mid-sized hotel player Royal Orhid dropped after the company reported a loss for the 3rd quarter.
Meanwhile, markets in Europe were trading with gains after the huge sell-off witnessed on Monday. Indian markets are expected to remain volatile ahead of the Union Budget 2013 to be delivered by the Finance Minister.
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