Closing Bell: Nifty gains for 3rd day but fails to hold 11,700; Midcap index underperforms

Agro Tech Foods said Arijit Datta, the Chief Financial Officer (CFO) of the companyhas tendered his resignation.

ICICI Lombard General Insurance saidVishal Mahadeviaresigned as Non-executive, Independent Director of the company.

Housing finance firm Home First Finance Company (HFFC) is mulling worth Rs 1,500-crore initial public offer, reports suggest.

According to a report in The Economic Times, the Mumbai-based private lender plans to offload some existing investor stake and also raise primary capital via its initial public offering (IPO). The sales procedure would be carried out by Credit Suisse, Kotak Mahindra Capital and ICICI Securities. Read more

D-Street Buzz: Over 300 stocks hit 52-week low on BSE; YES Bank down 6%, VIX jumps

852 stocks advanced and 885 declined while 361 remained unchanged on the NSE. On the BSE, 1107 stocks advanced, 1311 declined and 156 remained unchanged.... Read More

Benchmark indices were trading in the positive, with Sensex up over 100 points, while Nifty was near 11,700 levels.

Sensex was up 110.05 points or 0.28 percent at 39,241.09, and the Nifty was up 28.40 points or 0.24 percent at 11,691. About 1062 shares have advanced, 1246 shares declined, and 133 shares are unchanged.

Kotak Mahindra, Indiabulls Housing, HCL Technologies were the biggest gainers, while Yes Bank, ONGC and Eicher Motors were the top losers.

On the sectoral front, all but auto and pharma stocks were trading in the red. FMCG stocks were the top gainers, up 0.78 percent on Nifty.

Brokerages initiate coverage on these 10 stocks in July, expect 17-46% returns

Despite the hangover induced by the Union Budget, various brokerages initiated coverage on these 10 stocks in July and projected 17-46 percent return in near to mid-term... Read More

"Inconsistent performance across parameters (spanning asset quality and C-I) capped valuations for Federal Bank over several quarters. We sense increasing stability over the last two quarters. Despite factoring higher slippages and provisions towards stressed exposures, bank can deliver earnings CAGR of around 28 percentled by operating leverage and better core performance, especially asset quality. To be sure, bank has stumbled in the past but several corrective initiatives are probably paying off, finally," the brokerage said.

'Q1 results likely to be uninspiring; value emerging in the auto sector'

Banking is a bright spot, but most other sectors are likely to witness challenges.... Read More

Menon Bearings said Board of Directors declared an interim dividend for the financial year 2019-20 of Rs1.25per share of face value Re 1each.