The BJP led alliance appears to be moving towards a thumping victory as it continues to lead on a number of seats even after crossing the half-way mark.
Markets have tempered down from the initial euphoria witnessed at the start of the day. The BSE Sensex is trading up 191 points and the NSE-Nifty is trading up 58 points. The rupee is trading at 59.0 to the US dollar.
Defensive stocks from IT, pharma and FMCG are trading weak. Tata Steel and Wipro are the biggest losers on the bourses today. Stocks from banking and realty that were earlier bearing the brunt of economic slowdown have shot to limelight today with Sesa Sterlite and SBI leading the gainers..
Markets have swung wildly today after the people's mandate of a strong and stable government at the centre was out. However, investors should not be swayed by these short term market gyrations but instead focus on fundamentally strong stocks that will emerge as winners even as the current hype dies down.
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What else is happening in the markets today? Dig in...
For the quarter ended September 2020, TATA STEEL has posted a net profit of Rs 16 bn (down 61.2% YoY). Sales on the other hand came in at Rs 372 bn (up 7.4% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.
Here's an analysis of the annual report of TATA STEEL for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of TATA STEEL. Also includes updates on the valuation of TATA STEEL.
Here's an analysis of the annual report of TATA STEEL for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TATA STEEL. Also includes updates on the valuation of TATA STEEL.
For the quarter ended June 2019, TATA STEEL has posted a net profit of Rs 6 bn (down 66.7% YoY). Sales on the other hand came in at Rs 359 bn (down 5.0% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.
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