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- Yes Bank slumps after Q1 earnings
- Wockhardt resumes steep recent slide
- TCS hits record high on completion of an acquisition in France
- Bank stocks drop as RBI tightens liquidity further
- Somany Ceramics tumbles as net profit growth lags sales growth in Q1
- Fresenius Kabi spurts 27.7% in 2 days
- Coromandel International hits 52 - week low on weak Q1 numbers
- KPIT Cummins tumbles after Q1 earnings
- Andhra Pradesh Paper Mills gains on turnaround Q1
Asian stocks fell as investors remained caution ahead of the Federal Reserve's policy decision. The market breadth, indicating the overall health of the market, was weak. The BSE Sensex was down by 128.26 points at 19220.08 & The CNX Nifty was down by 48.65 points at 5706.40. Indian Rupee was 1.02% week against USD.
Ranbaxy Laboratories extended intraday gain triggered by the company reporting improved Q2 results after trading hours on Wednesday, 7 August 2013. HDFC also extended intraday gain. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 61.49 points up at 18726.37 & The CNX Nifty was 24.55 points up at 5543.65.
Most bank stocks edged lower, among private sector banks, ICICI Bank, HDFC Bank and Kotak Mahindra Bank edged lower. The market breadth, indicating the overall health of the market, turned negative from positive. The BSE Sensex was 223.66 points down at 18662.47 & The CNX Nifty was 85.20 points down at 5465.55. The Indian Rupee was 1.26% week against USD.
Mostly higher Asians stocks supported domestic bourses. Mindtree hit record high. Reliance Broadcast Network hit upper circuit of 5% for the second day in a row triggered by the company announcing its board will consider delisting proposal today. Wipro extended Tuesday's surge ahead.
Analyzing quarterly and yearly results helps in understanding about company's performance and also understand what returns its stocks are likely to generate in future.