MARKET WRAP: Sensex up 95 pts; PSBs rally; Bajaj Auto up 1% post Q2 results

Sectorally, Nifty Auto and PSU Bank indices ended the day as top gainers, up between 1.3 to 1.8 per cent.

9:59 AM

Prabhudas Lilladher on L&T Finance Holdings

We build-in asset quality deterioration (avg 6.4% NPA/200bps+ credit cost) and subdued growth (16%) translating into structurally lower RoEs of ~14% over FY20-22. We reiterate HOLD rating on the stock with revised target prove of Rs 88 implying 0.9x PABV multiple as we rollover estimates to Sep’21.      

9:41 AM

Nifty Bank slips in the red

9:33 AM

Ujjivan Financial Services dips 1%

9:32 AM

Axis Bank trades flat

9:22 AM

Infosys trades lower

9:21 AM

RBL Bank tanks 10% post Q2 nos

9:20 AM

Sectoral trends at NSE during opening trade

9:19 AM

Top gainers and losers on S&P BSE Sensex during Opening trade

9:18 AM

Opening Bell

The S&P BSE Sensex was trading 38,960 levels in the early deals, while the Nifty50 was hovering around 11,580-mark.

 

9:12 AM

NEWS ALERT | CEO, CFO questioned w.r.t window-dressing allegations: sources to CNBC TV18

9:04 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:03 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:01 AM

Rupee Opening Alert

Rupee opens 71/$ vs Tuesday's close of Rs 70.94/$

8:56 AM

Stocks to watch: Infosys, Axis Bank, DHFL, Siemens, SBI Life, SpiceJet

Here's a list of top stocks that may remain in focus today:

 

Infosys: US-based Rosen Law Firm has said it is preparing a class action lawsuit to recover losses suffered by investors in the wake of allegations of "unethical practices" at the IT major.

 

Earnings today: About 78 companies, including Bajaj Auto, Biocon, HCL Tech, and Hero MotoCorp are slated to report their Q2FY20 earnings later in the day.

 

Ujjivan Financial Services: Subsidiary company Ujjivan Small Finance Bank has received market regulator Sebi's nod to raise Rs 1,200 crore via an initial public offer (IPO). READ MORE