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Maruti expects production to be hit in Oct; shares fall 3%
Maruti Suzuki estimated that the total vehicle production volume across both locations could be around 60% of normal production.
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Aditya Birla Sun Life AMC IPO subscribed 1.08 times
The offer received bids for 2.99 crore shares against 2.77 crore shares on offer.
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Sensex tumbles 439 points, Nifty at 17,482; bank stocks fall
Nifty Bank index was the top loser down by 1.04%, Nifty Metal index losing around a per cent.
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Stocks to buy: MTAR Tech, United Spirits, Gujarat Gas
Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
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Markets end lower for third straight session
PowerGrid, falling about 3%, was the top Sensex loser followed by Asian Paints, Axis Bank, Kotak Bank, Bajaj Auto, SBI and M&M
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Sensex falls 286 points, Nifty ends below 17,650; metals, IT stocks drag
Sensex closed at 59,126.36, down 286.91 points or 0.48%, while Nifty dropped 93.15 points or 0.53% to 17,618.15
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Infosys, TCS can rally 20% in 3-5 years: Goldman Sachs
Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.
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Indian Overseas Bank jumps nearly 13% on exiting RBI’s PCA framework
IOB jumped 12.93% to Rs 23.15 apiece after the RBI decided to remove the public sector bank from the PCA framework
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Sensex jumps 69 points, Nifty at 17,718; PSU banks rally
The broader markets were trading with strong gains in early trades. The BSE MidCap index advanced 120 points & BSE SmallCap jumped 192 points.
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Stocks to buy: Deepak Nitrite, Tata Chem, M&M, Sun Pharma
Rohit Singre of LKP Securities is positive on Deepak Nitrite with a target price of Rs 2,420/2,480.
