Live: Sensex, Nifty Subdued; Realty Stocks Outperform
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Pidilite Falls Most In A Month After Profit Declines In Q3
Shares of the Mumbai-based adhesives maker fell as much as 3.58 percent, the most in over a month, to Rs 1,091 after its profit declined in December quarter.
Key earnings highlights:
- Revenue up 19.8 percent at Rs 1,848.3 crore.
- Net profit down 8.5 percent at Rs 219.5 crore.
- Ebitda down 9 percent at Rs 336.7 crore.
- Margin at 18.2 percent versus 24 percent.
- Volume growth at 11 percent (standalone)
ICICI Bank Falls As CBI Conducts Raids At Videocon In Loan Case Related To Deepak Kochhar
Shares of the country's second largest private lender fell as much as 1.55 percent to Rs 361.70.
CBI is conducting raids at Videocon offices in Mumbai and Aurangabad in loan case related to Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, news agency Press Trust of India reported.
F&O Check: Nifty 10,900 Call Most Active On NSE
Nifty's 10,900 call was among the most active option contracts on the National Stock Exchange.
Premium on the contract fell 6.35 percent to Rs 76. Over 3.94 lakh shares were added to the open interest which stood at over 39.64 lakh shares.
Real Estate Shares Outperform, Realty Index Surges 2.5%
Shares of the real estate companies were outperforming benchmarks in an otherwise subdued session.
Gauge of real estate companies on the BSE rose 2.55 percent paced by gains in Oberoi Realty and Godrej Properties.
IDBI Bank Gains After Moody's Upgrade Ratings Across Various Instruments
Shares of the Mumbai-based government-owned bank rose as much as 2.3 percent to Rs 57.90 after Moody's upgraded IDBI Bank’s ratings across various instruments in view of significant capital infusion by LIC.
The long-term local and foreign currency ratings has been upgraded by three notches to ‘Ba2’ from ‘B1’, IDBI Bank said in an exchange filing.