Sharemasterindia.com 11:15 a.m.: Man Industries shares jumped as much as 7
per cent to hit 52-week high of Rs 127.1 on Friday after the company
reported robust earnings for the first quarter of current financial
year.
11:00 a.m.: Mindtree shares jumped as much as 5 per cent to intraday high of Rs 1,286 on Friday following the outsourcer's Q1 earnings announcement on Thursday.
Mindtree missed constant currency revenue growth estimates and also reported a decline in profitability in the June quarter, but strong sales guidance for the September quarter cheered investors.
10:50 a.m.: Andrew Holland, CEO of Ambit Investment Advisors told NDTV that Nifty is at the top end of the trading range of 8,000-8,500.
10:45 a.m.: Mid-cap index was trading on a flat note, the index was up 0.13 per cent; Cummins India, CONCOR, Zee Entertainment, Bajaj Finserv, MRPL, Yes Bank, J P Associates and Petronet LNG were among the losers.
10:40 a.m.: Market analyst Ambareesh Baliga told NDTV that there is momentum in markets, but fundamentals are lacking in the current rally. Earnings have been mixed so far and they are likely to bounce back only by December, he said.
10:35 a.m.: Private sector banking stocks had run up yesterday after the cabinet simplified rules for foreign investment. Analysts had anticipated that the move will allow private sector banks to raise capital up to foreign ownership limit of 74 per cent.
But after the FinMin sources stated that the foreign investment limit for banks will be retained at 49 per cent the banking stocks came under selling pressure.
The Bank Nifty was down 0.35 per cent; Yes Bank, Kotak Mahindra Bank, Axis Bank, Bank of India and IndusInd Bank were among the prominent laggards from this space.
10:30 a.m.: The banking stocks have come under selling pressure as Finance Ministry sources suggested that the FII limit for the banks will be retained at 49 per cent.
10:00 a.m.: Oil & gas stocks also came under selling pressure. Petronet LNG, Indian Oil, HPCL, Cairn India, GAIL India and ONGC were among the losers.
9:50 a.m.: The Sensex and Nifty edged lower in the morning deals on the back of profit-booking in banking, auto and metal stocks.
The Sensex which jumped over 100 points in the opening deals came under pressure due to profit-taking after two days of gains. Banking stocks were leading the losses. The Bank Nifty slipped 0.35 per cent; Yes Bank, Kotak Mahindra Bank, Axis Bank, Bank of India and IndusInd Bank were among the losers.
11:00 a.m.: Mindtree shares jumped as much as 5 per cent to intraday high of Rs 1,286 on Friday following the outsourcer's Q1 earnings announcement on Thursday.
Mindtree missed constant currency revenue growth estimates and also reported a decline in profitability in the June quarter, but strong sales guidance for the September quarter cheered investors.
10:50 a.m.: Andrew Holland, CEO of Ambit Investment Advisors told NDTV that Nifty is at the top end of the trading range of 8,000-8,500.
10:45 a.m.: Mid-cap index was trading on a flat note, the index was up 0.13 per cent; Cummins India, CONCOR, Zee Entertainment, Bajaj Finserv, MRPL, Yes Bank, J P Associates and Petronet LNG were among the losers.
10:40 a.m.: Market analyst Ambareesh Baliga told NDTV that there is momentum in markets, but fundamentals are lacking in the current rally. Earnings have been mixed so far and they are likely to bounce back only by December, he said.
10:35 a.m.: Private sector banking stocks had run up yesterday after the cabinet simplified rules for foreign investment. Analysts had anticipated that the move will allow private sector banks to raise capital up to foreign ownership limit of 74 per cent.
But after the FinMin sources stated that the foreign investment limit for banks will be retained at 49 per cent the banking stocks came under selling pressure.
The Bank Nifty was down 0.35 per cent; Yes Bank, Kotak Mahindra Bank, Axis Bank, Bank of India and IndusInd Bank were among the prominent laggards from this space.
10:30 a.m.: The banking stocks have come under selling pressure as Finance Ministry sources suggested that the FII limit for the banks will be retained at 49 per cent.
10:00 a.m.: Oil & gas stocks also came under selling pressure. Petronet LNG, Indian Oil, HPCL, Cairn India, GAIL India and ONGC were among the losers.
9:50 a.m.: The Sensex and Nifty edged lower in the morning deals on the back of profit-booking in banking, auto and metal stocks.
The Sensex which jumped over 100 points in the opening deals came under pressure due to profit-taking after two days of gains. Banking stocks were leading the losses. The Bank Nifty slipped 0.35 per cent; Yes Bank, Kotak Mahindra Bank, Axis Bank, Bank of India and IndusInd Bank were among the losers.
