Market Buzz Today: United Spirits up 14.02%, Indigo down 2.35%; Navin Fluorine surges 7.89%
India's equity markets reversed the trend and slipped into negative terrain in the mid-afternoon trade on January 28, 2020. The market was breathing negatively due to the movement of the stocks, either way. positive or negative.
India's equity markets reversed the trend and slipped into negative terrain in the mid-afternoon trade on January 28, 2020. The market was breathing negatively due to the movement of the stocks, either way. positive or negative. At 2:50 pm, the barometer index, the S&P BSE Sensex fell 201.19 points or 0.49% at 40,953.93. The Nifty 50 index lost 70.40 points or 0.58% at 12,048.60. Similarly, Bank Nifty was down by 85.15 points, or 0.28%, to 30,752.25. Here is the list of some stocks:
Dr Reddy's Lab: Up 0.71%. Hit more than 3 years high as brokerage houses remained positive on the stock after a strong operating performance in Q3.
DHFL: Down 4.44%. Share price locked the lower circuit as ED arrested Kapil Wadhawan, the promoter of the company in connection with its money laundering probe against dead gangster Iqbal Mirchi and others.
Alembic Pharma: Up 3.15%. Gained after the company got the US drug regulator’s nod for Azithromycin tablets.
United Spirits: Up 14.02%. Credit Suisse has upgraded the stock after the company reported its Q3FY20 numbers.
Bharti Airtel: Down 4.92%. Stock down despite Airtel Africa posting net profit at $103 million, up 14.41% QoQ in Q3FY20.
Indigo: Down 2.35%. Investors book profit. Slips in red after early gains of 3% as December quarter profit jumps 2-fold.
Aptech: Down 6.69%. Slipped on reports of SEBI probe against Rakesh Jhunjhunwala in case of alleged insider trading.
ITI: Down 4.34%. FPO subscribed 9% a day before close; firm plans to raise Rs 1,300 cr. the issue closes today.
Wockhardt: Up 0.77%. Earlier it jumped 5% during intraday trade as Cipla is eyeing stake in formulations business.
Godfrey Phillips: Down 4.47%. Denies reports of potential stake sale by promoters.
SPARC: Up 5%, hits new 52-week high
Navin Fluorine: surges 7.89%.
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