The Nifty50 index closed 0.3 per cent lower at 18,423.35, while the BSE-Sensex ended at 61,716.05 points, down 0.1 per cent. Both the indices had fallen over 0.5 per cent at one time during the session.

In the international market, gold was trading higher at $1,782 per ounce and silver was flat at $23.72 per ounce.

“For Nestle we are expecting around a 50 bps decline in the operating margins and we are expecting a single digit growth in PAT. “

“HUL businesses are not so seasonal in nature. The opening does not have a huge, huge impact. ”

A total of 13,934,087 shares changed hands on the counter till 02:13PM (IST)

“Jubilant is probably at around 37-38 times EV/EBITDA while Westlife is around 33-34 times EV/EBITDA. ”

As per the latest corporate shareholdings filed thus far, Ashish Kacholia publicly holds 27 stocks with a net worth of over Rs 1,787.1 crore.

In that book, James Suroweicky presents evidence to the contrary of the popular belief that crowds are always wrong. In fact, he goes all the way to the other side (almost) in saying that decisions by groups turned out much more accurate than those made by individuals!

On the technical charts, the 200-day moving average of the stock stood at Rs 525.36.

In July-September, Alok Industries reported a growth of 134.24 per cent on-year in total consolidated revenues to Rs 1,904.57 crore. On a sequential basis, revenues rose by 50.63 per cent from Rs 1,264.44 crore.