Brokers said renewed buying from foreign institutional investors was mainly responsible for the turnaround in sentiment. But they cautioned that the rebound was based on technical factors and that fundamental concerns over economic growth and corporate earnings persisted.
Punj Llyod's Q4 net profit soared to Rs 268 crore compared to Rs 5 Lakh but total income fell to Rs 1,290 crore from Rs 2,037 crore on a yearly basis. Its other income grew to Rs 570 crore to Rs 11 crore (Y-o-Y).
SBI is up 3 percent while Sun Pharma, HDFC, TCS and ONGC are top gainers in the Sensex. Among the losers are Bajaj Auto, Wipro, Vedanta, Hindalco and Hero Motocorp.
FM said minimum alternate tax (MAT) issue will be resolved through judicial process and the government will take all efforts to meet the April 1, 2016 deadline for GST. He added that 'simplification of tax policies is our objective.'
SBI, HDFC, ITC, ICICI Bank and ONGC are top gainers in the Sensex. Among the losers are Bajaj Auto, Vedanta, Hindalco, Wipro and Hero Motocorp.
SBI is up 3 percent ahead of announcing its March quarter results. ITC is also up 1 percent. Other gainers are Tata Steel, ONGC and GAIL. Among the losers are Bajaj Auto, Wipro, Hindalco, Bharti Airtel and Vedanta.
ONGC, GAIL, SBI, MM and Coal India are top gainers in the Sensex. Among the losers are Bajaj Auto, NTPC, Hindalco, Bharti Airtel and Wipro.
Sentiment has improved over the last week as the main indices have recouped much of the losses suffered earlier this month.
Tata Steel ended with 5 percent loss. Vedanta fell 3 percent while Cipla, ICICI Bank and ITC were major laggards. Bajaj Auto was up 7 percent while Coal India, Axis Bank, LT and HUL were gainers.
Coal India and Bajaj Auto are up 4 percent each. Axis Bank, Tata Motors and HUL are top gainers in the Sensex. Among the losers are Tata Steel, Vedanta, Cipla, ITC and Tata Power.
After announcing its March quarter results, Bajaj Auto is up 4 percent. Net profit of Bajaj Auto slipped 18.5 percent in March 2015 to Rs 621.6 crore from Rs 762.6 crore in corresponding quarter last fiscal. During the quarter, its total income fell 3.9 percent at Rs 4,739 crore compared to Rs 4,932.3 crore year-on-year (Y-o-Y).
FMCG and metal stocks are dragging the market. Tata Steel is down 5 percent while Vedanta, Cipla, ITC and GAIl are major laggards in the Sensex. Among the gainers are Coal India, Axis Bank, Bajaj Auto, Tata Motors and LT.
Coal India, Tata Motors, Axis Bank, LT and TCS are top gainers in the Sensex. Among the losers are Tata Steel, Cipla, Vedanta, Tata Power and ITC.
Tata Steel tanks 4 percent after it posted a very disappointing March quarter results. Bajaj Auto, Hero, Vedanta and Tata Power are other losers in the Sensex. Gainers are Coal India, SBI, MM, ONGC and Axis Bank.
Stock specifically, Tata Power ended with 2 percent gain after an impressive March quarter results. Technology and Bank stocks were most favoured today. TCS, Wipro, HDFC twins were other top gainers in the Sensex.
Case against Modi for his 'born in India' remark
Ironwood Investment Holdings sold 5,076,581 shares of Dewan Housing at Rs 420.26 on the NSE.
Goldman Sachs Singapore PTE bought 18,950,000 shares of Axis Bank at Rs 550 on the NSE.
CNBC-TV18s Mangalam Maloo lists some of the key stocks which were buzzing in trade today.
The company's Q4 net profit soared to Rs 268 crore compared to Rs 5 Lakh but total income fell to Rs 1,290 crore from Rs 2,037 crore on a yearly basis.
Nomura maintains buy rating on the stock and remains confident that over the medium term it can continue to improve its profitability.
The company has secured new orders aggregating to Rs 676.36 crore for construction of institutional/residential building, including electrical, plumbing, and firefighting services.
Here's a list of top 10 stocks that are in news today due to their fourth quarter earnings and deals.
On May 21, 2015 AUM Capital Market Private Limited sold 6,96,500 shares of Mangalore Chemicals.
CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - IRB Infrastructure, Star Paper, Tata Steel, Future Lifestyle, Balaji Telefilms and Brigade Enterprises.
Credit Suisse maintains underperfom rating with a lower target price of Rs 210 per share on the stock stating precipitous drop in Indian profitability is alarming.
The company has emerged as a preferred bidder for the project of six laning of Agra-Etawah bypass section of NH-2 in the state of Utter Pradesh under NHDP Phase-V on BOT mode.
The company has sold over 200 apartments, with an area over 400,000 sq. ft. in just three weeks at the launch of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon.
Here's a list of top 10 stocks that are in news today due to their fourth quarter earnings.