Wednesday 21 October 2015

Federal Bank slumps 15%; Hero MotoCorp up 2% Stock market Updates| Equity Tips

The S&P BSE Sensex traded in range after surging over 100 points on Wednesday's trade tracking positive trends seen in other Asian markets.

The Nifty50 was trading above its crucial support level of 8,250.

The share of Federal Bank slumped over 7 percent after weak quarterly earnings. Hero MotoCorpBSE -0.05 % gained 2 per cent while Biocon climbed a per cent post impressive Q2 results.

HDFC Bank, India's second-biggest private sector lender by assets, reported a 20.5 percent rise in quarterly net profit, in line with analysts' estimates, on higher interest income.

The rupee dropped 4 paise to 65.09 against the US dollar in early trade on Wednesday.

Markets @ 1:10
  • Sensex: 27250.10, down 56 points  
  • Nifty: 8235.20, down 26 points
Top Gainers: BAJAJ AUTOBSE 3.56 % (3.0%), BHARTI AIRTEL (2.4%), VEDANTA (1.8%), TATA STEEL (1.6%), NTPC (1.4%)

Top Losers:
DR. REDDYS LAB (3.1%), ICICI BANK (2.0%), SBI (1.8%), GAIL (1.6%), SUN PHARMA (1.0%)

Here is a list of stocks that are in focus today
Reliance Communications Ltd, Hero MotoCorp Ltd, Biocon Ltd, Wipro Ltd, Bajaj Auto Ltd, ACC Ltd, Bajaj Finserv Ltd, Financial Technologies Ltd, Welspun India Ltd, HDFC Bank Ltd, Vedanta Ltd, Maruti Suzuki Ltd

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