Shares of IndusInd Bank continued their fall on Wednesday and crashed over 5 per cent after analysts cut earnings per share (EPS) estimates following dismal December quarter numbers. Alembic Pharma received the final nod from the US health regulator for Tizanidine hydrochloride capsules, used to treat spasticity. Meanwhile, L&T and Capacit’e Infraprojects won major contracts. The broader market was upbeat, as Nifty Midcap and Nifty Smallcap indices gained 1 per cent each. BSE benchmark Sensex, however, slipped 80 points to 41,872. NSE flagship Nifty closed 19 points down at 12,343. “After the solid pre-Budget rally, the market is getting a bit sceptical post higher-than-expected NPA numbers in recent banks earnings and very high consumer inflation. Traders would watch Q3 earnings and the Budget for further direction,” said Vinod Nair, Head of Research, Geojit Financial Services. Here is a lowdown of the movers and shakers of Wednesday’s session on Dalal Street: L&T Infotech Q3 L&T Infotech reported a marginal increase in consolidated net profit at Rs 376.7 crore for the quarter ended December 2019. This was against Rs 375.5 crore profit reported for the same period a year ago. The stock added 2.38 per cent to Rs 1,922.90 on BSE. Sebi… Read full this story
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Market Movers: IndusInd sinks 5%, YES rallies; 100 stocks 'overbought' have 323 words, post on economictimes.indiatimes.com at January 15, 2020. This is cached page on Vietnam Art News. If you want remove this page, please contact us.