MARKET WRAP: Sensex dips 286 pts, Nifty ends at 10,856 despite RBI rate cut

All that happened in markets today

9:56 AM

Nifty Pharma index, led by gains in Cipla, trades over 1 per cent higher

9:53 AM

Mahindra & Mahindra trades lower ahead of Q1 results

9:49 AM

Avenue Supermarts slips on Radhakishan Damani's plan of gradually cutting the stake

9:49 AM

Realty stocks gain ahead of RBI policy announcement

9:45 AM

JK Lakshmi Cement gains 2% post Q1 results

9:44 AM

GIC to invest Rs 4,400 crore in road platform of IRB Infrastructure

Singapore’s sovereign wealth fund GIC on Tuesday announced it would invest Rs 4,400 crore in the road platform of IRB Infrastructure Developers. “According to the transaction, IRB will transfer nine of its build-operate-transfer assets to a private Infrastructure Investment Trust, in which IRB will hold controlling stake of 51 per cent,” the firm said. READ MORE

9:41 AM

Tata Steel dips 3% ahead of Q1 earnings today

9:40 AM

Momentum picks by ICICI Securities

9:39 AM

YES Bank climbs over 4% in early trade, top gainer on S&P BSE Sensex

9:38 AM

ICICI Securities on Indian Hotels

Rating: Buy

 

CMP:: Rs 141 

 

Target: Rs 165 ( 17%) 

 

Target Period: 12 months

 

Despite a weak April and May, the company reported nearly 4 per cent growth supported by a strong June. With the expected tailwind in the sector, IHCL being the leader, should be a key beneficiary of the turnaround. Additionally, focus on cost rationalisation and an asset light focus are strong positive for the company. Considering the above, we maintain our positive stance on the company and reiterate BUY on IHCL with a target price of Rs 165.

9:26 AM

Paint stocks rally on fall in oil prices; Asian Paints, Berger Paints hit 52-week high

9:24 AM

Indiabulls Housing Finance slips 6% post Q1 nos

9:22 AM

IRB Infra jumps over 7% as GIC to invest Rs 4,400 crorein the Co

9:20 AM

Titan slips 4% on weak guidance

9:18 AM

Sectoral gainers and losers on the NSE