Indian equity indices are trading under pressure today on weak Asian markets. The BSE Sensex was down around 0.4% to 38,913.88 at 11:30am, while the Nifty was trading at 11,707.80, down 0.4%. Here are the stocks that are keeping traders busy today:
— Yes Bank shares lost nearly 30% today after the lender reported a loss of Rs1,506 crore for the March quarter. It was the most actively traded stock on both BSE and NSE.
— Reliance Capital shares plunge over 12% in intra-day trade after media reports said that the company is planning to bring in strategic investors in two group entities — home finance and commercial finance businesses. It is open to ceding management control in these two entities, if needed.
— Ambuja Cement shares are trading down 2.4% to Rs220.70 apiece ahead of the company’s March quarter earnings announcement today.
— The banking index is the worst performer today, with public sector banks being hit the most. Bank of Baroda (BoB) shares are trading down nearly 7% at Rs114.80.
— Indiabulls Real Estate shares are down nearly 10% on reports that Indiabulls promoters in the company are looking to offload their stake in the company.
— Hero Motocorp stock is down 3.5% to Rs2,514.45 after the two-wheeler maker on Friday reported a 24.5% decline in its net profit for the March quarter at Rs730 crore.
— Maruti Suzuki shares are trading in the red for the seventh consecutive day, down over 2% to Rs6,695.20 after the company reported weak numbers for the fourth quarter last week.
— Kotak Mahindra Bank shares are trading slightly higher at Rs1,384.90, up 0.4%, ahead of its quarterly earnings announcement today.
— Tata Consultancy Services (TCS) shares are trading marginally higher at Rs2,248.55 apiece, up 0.4%, after Computer Sciences Corp. filed a lawsuit against the company alleging that it is stealing its trade secrets to build an insurance platform.
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