As apprehensions about steep valuations and declining economic performance gain ground, investors should opt for the reasonably valued stocks with decent future prospects.
In the current stock market rally, many high beta stocks have outperformed sharply for over two months. Investors should be choosy as some low-quality stocks may also get swept up in the rising tide.
The scrip made a strong comeback, rallying 34.15 per cent to Rs 6.10 during the week.
Bank unions have called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian Banks' Association (IBA). SBI said its operations might get affected somewhat due to strikes however it assured normal functioning in its branches and offices.
The Nifty Pharma index was trading 0.26 per cent up at 8,321.55.
The Nifty Metal index was trading 1.19 per cent up at 2,802.25.
Earlier this month, Infosys put out the results of its internal investigation -- clearing the executives of all wrong-doing. The whistleblower has ostensibly mailed the US Securities and Exchange Commission with evidence. That investigation is still underway.
The Nifty Financial Services index was trading 0.69 per cent up at 14,386.75.
The Nifty Energy index was trading 0.21 per cent up at 15,737.3.
The Nifty IT index was trading 0.47 per cent down at 16,396.15.
Among the stocks that touched their 52-week lows were Artemis Medicare Services and Reliance Home Finance.
In the Nifty pack, 40 stocks were in the green, while 10 stocks were in the red.
MPS Infotecnics, Metkore Alloys and Spentex were among the top performers.
Shares of Canara Bank edged 0.83 per cent higher to Rs 220.70 .
"NPK - a plant of the company has been shut down due to non-availability of raw material. We will inform you once the plant operations resume," the company said in a BSE filing.
Among the stocks that touched their 52-week lows were Reliance Home Finance and IL&FS Engineering.
Andhra Cements, HeidelbergCement India and APCL were the top gainers.
SBEC Sugar, Rana Sugars and Piccadily Agro Industries were the top gainers.
The Nifty Private Bank index was trading 0.71 per cent up at 17,052.7.
The company said while benign raw material prices worked in its favour, economic slowdown hurt volume growth.
The taxmen suspect tax evasion and account manipulation by the company.
Prism Johnson, Udaipur Cement Works and Keerthi Industries were among the top gainers.
Among the stocks that touched their 52-week lows were Havells and Touchwood Entertainment.
SBEC Sugar, Rana Sugars and Piccadily Sugar were among the top gainers.
The Nifty Private Bank index was trading 0.53 per cent down at 17,008.25.
In 2015, when then Finance Minister Arun Jaitley presented the Budget on a Saturday, February 28, stock exchanges were open for trading.
The S&P BSE MidCap index was trading 0.3 per cent down at 15,571.65.
The bank made provisions and contingencies of Rs 444 crore for the quarter compared with Rs 407.93 crore in the September quarter.
Century Textiles, JK Cements and Andhra Cements were among the top gainers.
Rajshree Sugars, Indian Sucrose and Sakthi Sugars were the top gainers.
The Nifty Private Bank index was trading 0.14 per cent up at 17,185.55.
The S&P BSE MidCap index was trading 0.4 per cent down at 15,645.72.
IIFL Finance, Industrial Investment Trust and SRG Housing Finance were the top gainers.
Keerthi Industries, Andhra Cements and Udaipur Cement Works were the top gainers.
Avadh Sugar, Simbhaoli Sugars and Piccadily Sugar were the top losers.
The Nifty Private Bank index was trading 0.44 per cent down at 17,368.3.
Quant funds globally have delivered uneven returns in recent years owing to market volatility.
Birla Corporation, APCL and Gujarat Sidhee Cement were among the top gainers.
Piccadily Agro Industries, Magadh Sugar and Rajshree Sugars were the top gainers.
The Nifty Private Bank index was trading 0.34 per cent up at 17,632.05.
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