Investors turn merciless on D-St; Q1 nos make market jittery, but select midcaps rally 50%

ET Markets Daily Brief | Thu, Jul 21, 2016 | 05:20 PM IST Follow ET Markets

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Heydays of IT may be over, but slow & steady TCS to outpace Infy, Wipro The June quarter has been a forgettable one for the Big 3– Infosys, TCS and Wipro. Experts are not very positive about the long term prospects of the IT space. Below-par earnings? Face the music: Investors turn merciless on Dalal Street The IT firm has reported a 3.74 per cent decline in June quarter profit. Sales for the IT firm jumped 35.82 per cent YoY to Rs 1327.50 crore during the quarter. Here's what happened on Dalal Street all through Thursday We capture every action - big or small - from the listed universe of India Inc; be it largecap, midcap or smallcap to we keep you up-to-date on anything that may move your market.

Interview One to One There's going to be a spurt in earnings in Q3 and Q4 this year... Tushar Pradhan, CIO, HSBC Global Asset Management

Market Watch 21 Jul | 05:20PM| SENSEX NIFTY USD/INR GOLD 27710.52 ↓-205.37 8510.10 ↓-55.75 67.18 ↓-0.02 30776.00 ↑39.00

Gainers Losers 21 Jul, 2016, 05:20PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low NTC Industries Ltd. 48.00 20.00 41612 48.00 40.00 RDB Rasayans Ltd. 25.50 20.00 109619 25.50 22.35 Anubhav Industrial Resources Ltd. 18.60 20.00 100 18.60 18.60

Tweet of the day... L&T Infotech makes tepid debut, lists at 6% discount to issue price

FROM THE NEWSPAPER

Q1 numbers make market jittery, but select midcaps rally up to 50% "We continue to like companies in the agriculture and finance segments. Within the agriculture space, we see potential in UPL and Advanta," an expert said. Ambuja, Tata Motors among 5 stocks top brokerages betting on despite tepid Q1 The rally was largely supported by global cues and hopes of the passage of GST bill in the monsoon session. The next big question is: Will the rally sustain? Advanced Enzyme Technologies IPO sails through, retail quota subscribed 1.8 times Data showed the issue has received bids for 33,13,936 shares against the total issue size of 32,34,059 shares, within 10 minutes of bidding on Day 2. 5 key takeaways for investors from HDFC Bank's Q1 earnings Reacting to the earnings, shares of HDFC Bank slipped marginally after NPAs rose during the quarter. The stock rose nearly 7 per cent in July ahead of results. Kotak Mahindra Bank logs four-fold jump in Q1 net; gross NPAs at 2.5% Net interest margin (NIM) for the Q1FY17 stood at 4.37 per cent, marginally higher than 4.35 per cent in the Q4FY16.

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