Tue, Jan 19, 2021 5:03 PM
IDFC First Bank Q3 estimated at Rs. 204 cr: Arihant Capital
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The market reported a half-a-per cent gain on May 29, continuing with the up-trend for the third straight session on the back of positive trends in Asian counterparts. The BSE Sensex climbed over 340 points to 62,846. Stocks that were in action included: 👉🏻eClerx Services 👉🏻Mahindra Lifespace Developers 👉🏻Macrotech Developers
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Analysts remained hopeful of Sun Pharma's long-term growth prospects, advising clients to buy the stock but lowered price targets after the pharma major's Q4 revenue beat analysts' expectations but missed estimates at an operating level. Shares declined nearly 2.5% in Monday's trading before recouping most of its losses. The stock eventually closed at ₹968.50, down 0.14% from the previous close.
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Oil prices rose on Tuesday as the expectations the debt ceiling deal in the U.S. will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. Brent crude futures climbed 35 cents, or 0.5%, to $77.42 a barrel by 0145 GMT after gaining 12 cents on Monday. WTI crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday's close.
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