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Stock Market News - Jet Airways all Time Low, HDFC AMC Falls

Jet Airways Falls -  Shares of the cash-strapped airline slumped 10 percent intraday to hit an all-time low of Rs 61.60 each. Lenders of Jet Airways will take the company to National Company Law Tribunal and will seek resolution under the Insolvency and Bankruptcy Code, according to a statement issued on behalf of lenders on Monday.

HDFC AMC Falls -  The Most In Six Months Shares of the asset management company fell as much as 6 percent, the most since Dec. 21, 2018, to Rs 1,816.60. In a move to rescue investors of its fixed maturity plans, the asset management company will purchase Essel Group companies’ non-convertible debentures of up to Rs 500 crore, thereby transferring any loss (or gain) due to the investment from investors to itself
Rupee Opens: The Indian rupee opened higher at 69.83 per dollar on Tuesday versus previous close 69.90.
Top Gainers & Losers - IndusInd Bank, Axis Bank, ITC, Maruti Suzuki, Tata Motors, Tata  Steel, Zee Entertainment are some of the major gainers o…
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Stock Market News- BHEL Gains, Laurus Labs Gains,S Chand Falls

BHEL Gains  - After Order Win Shares of Bharat Heavy Electricals rose as much as 1.9 percent to Rs 69.95. The state-run firm won Rs 800 crore Engineering, Procurement and Construction orders for 200 MW solar power plants from NTPC Ltd. and Gujarat State Electricity Corporation Ltd. The stock traded at 16 times its estimated earnings per share for the coming year.

News Alert - 
1  Vedanta down 2% 2  Reliance Industries down over 1.5% 3  NDTV slips over 3% after Sebi takes action against Prannoy Roy and Radhika Roy 4  Jet Airways plunge over 11%
Shriram Transport Finance Falls -  Nearly 8% After Block Deals Shares of Shriram Transport fell as much as 7.8 percent to Rs 1,000, the lowest in a month. About 2.26 crore shares or 10 percent equity of the company changed hands in two block deals, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was 2,529 times its 20-day average.
Rupee Opens: The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday&…

Stock Market News- Hexaware Technologies gains, Gruh Finance Falls 7%

Hexaware Technologies gains 2% - on the acquisition: Hexaware Technologies Inc., a wholly owned subsidiary of Hexaware Technologies, India has acquired 100% shares of Mobiquity Inc. and Hexaware Technologies has acquired 100% shares of Mobiquity Softech.
Gruh Finance Falls 7%  - After Block Deal Shares of Gruh Finance fell as much as 6.9 percent, the most in nearly a month to Rs 286.05. About 3.08 crore shares or 4.2 percent equity of the company changed hands in multiple block deals. Adani Gas Jumps - The Most In Over A Week Shares of Adani Gas rose as much as 6.7 percent, the most since June 03, to Rs 180. Total SA is advancing on a deal to acquire a 30 percent stake in city gas distribution (CGD) company Adani Gas for over $800 million, or upwards of Rs 5,500 crore.
Kalpataru Power Gets Its Most Bullish Price Target Yet - Shares Swing Kalpataru Power Transmission just got its most bullish target price ever. Shares of the power transmission company could reach Rs 670, broking firm Phil…

Stock Market News - YES Bank down 6%, Adani Enterprises zooms 2%

Yes Bank, IndusInd Bank top losers -  The leading gainers on BSE are Axis Bank, TCS, Asian Paints, and SBI, while the top losers are Yes Bank, IndusInd Bank, Vedanta, and Infosys. The Indian currency Rupee today opened flat at 69.37 a dollar against the previous close of 69.35 a dollar.

Adani Enterprises zooms over 2% - Adani Gets Key Approval To Start Building Australia Coal Mine Queensland’s Department of Environment and Science approved Adani’s Groundwater Dependent Ecosystem Management Plan for the Carmichael coal, according to Bloomberg report. The decision means Adani can begin work on the first phase, which is expected to cost A$ 2 billion, the report added.
Rupee Opens: The Indian rupee opened flat at 69.34 per dollar on Thursday against previous close 69.34.
Crude Update: Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in US crude stockpiles and worries about lower demand growth.
Top …

Stock Market News - Adani Green Rises, DHFL gains, Reliance Capital fall

Adani Green Energy Rises -  After Promoter Cuts Stake Shares of the renewable energy producer snapped its four-day losing streak and rose as much as 2.4 percent to Rs 43.55 each. Promoter group under name of Gautam S Adani plans to sell cumulatively 5.98 percent stake in the company at a floor price of Rs 43 per share.

DHFL gains -  Dewan Housing Finance (DHFL) informed exchanges Tuesday that the company has made a full payment towards interest payable on secured redeemable NCDs issued by way of the public issue within the cure period of seven working days. Aadhar Housing said that Blackstone has acquired a 97.7 percent stake in the company for including the entire stake held by the existing controlling shareholders, Wadhawan Global Capital Ltd. 
Rupee Opens: The Indian rupee opened flat at 69.45 per dollar on Wednesday against previous close  69.44.
Crude Update: Oil prices fell on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growin…

Stock Market News - Sun Pharma slips, Sterlite Technologies Jumps

Sun Pharma slips over 2% in early trade

Lakshmi Vilas Bank dips over 6% after Indiabulls Group shares fall on corruption charges.
Indiabulls Housing Finance Worst Performer -  On Nifty Shares of the housing finance company fell as much as 6.2 percent to Rs 687.10. The company’s Promoter Twin Star Overseas released entire pledge of 20.74 crore Sterlite Technologies’ shares (52.01 percent) of on June 10, according to an exchange filing.
Sterlite Technologies Jumps - After Promoter Releases Entire Pledge Shares Shares of the optical cables maker extended gains for the second consecutive trading session and rose as much as 11.8 percent to trade at over a one-month high at Rs 194. 
DHFL, Vedanta, UltraTech Cement, Tata Steel, IndusInd Bank, ITC, TCS, Coal India are some of the major gainers on the indices, while losers include Indiabulls Housing, Sun Pharma, Eveready Industries, Reliance Power, Suzlon, Reliance Power, Bharti Airtel, Yes Bank, and Britannia Industries. On the sectoral front, b…

Stock Market News - Titan Hits, DHFL Rises, J&K Bank slips

Titan Hits Record High -  Shares of the country’s largest jewelry maker rose as much as 1.4 percent to hit an all-time high at Rs 1,286.60. The stock advanced 43 percent in the past 12 months compared to a 13 percent gain the Sensex. The relative strength index stock was above 70, indicating the stock may be overbought.


DHFL Rises -  After Clearing Dues Of Retail Investors Shares of the housing finance company rose as much as 7.2 percent to Rs 89.30 The company paid investors and depositors part of repayments due after missing the deadline earlier this week. 
Reliance Infra Slumps -  After Board Defers Q4 Results Shares of Reliance Infra extended fall for the fifth consecutive trading session and is poised for their longest losing streak in over nine months. The stock fell as much as 9.2 percent to hit an all-time low at Rs 67.15.
Rupee Opens: The Indian rupee opened higher at 69.45 per dollar on Monday versus Friday's close 69.47.
J&K Bank slips 20% - Parvez Ahmed, who was remove…