Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%

Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%:

Sensex and Nifty started the holiday-shortened week on a positive note in the opening trade, led by gains in shares of TCS and metal and mining companies. BSE Sensex reached its peak high of 34005.37 and Nifty reached at 10,500 l in early trade. 

However, in the after hours the indices were trading lower. The broader markets were also supported by positive footing in shares of GAIL India, Vedanta Ltd, ONGC rising up 0.7 to 1.1%. Shares of Infosys’ down 1.3%, on Nifty50, while shares of Tata Consultancy Service rose 1.5% in early trade after a report said the company will renew large outsourcing contracts. 

The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday against 64.05 on Friday.

25 Oct- Top Ten stocks in focus today: Road & highway, Infosys, Banking stocks

25 Oct- Top Ten stocks in focus today: Road & highway, Infosys, Banking stocks: 

Road & highway stocks will be watched out today as the govt has approved the Rs 6.92-lakh-Cr, 5-year roads programme, which includes the Bharatmala project, intends to to generate 142 million mandays of work. 

Banking stocks will be in focus as govt has approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a 2- year period. Infosys Ltd has posted a 3% increase in net profit to Rs 3,726 crore in the July-Sept quarter, compared to Rs 3,606 crore in the corresponding quarter last year. 

Lupin Limited receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease. Kaya Limited to provide bank guarantee for an amount of USD 4 million to Kaya DMCC.  

Yes Bank– RBI has also imposed Rs. 6.00 crore fine on Yes Bank for its non-compliance of RBI regulation on Income Recognition Asset Classification (IRAC). 

IDFC Bank: Reserve Bank of India imposed Rs 2.00 crore penalty on IDFC Bank because of non-adherence with certain directions regarding sanction and renewal of loans and advances. 

Ambuja cements standalone revenue for the Q2 FY18 came in at Rs. 5,376 crore, registering 5% year on year increase. 

HDFC Bank & Asian Paints Ltd, have posted stellar results for the quarter ended 30 September.,

More Related Story- Stock Tips