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Stock Market News - Avenue Supermarts Falls, NBCC dips over 5%

Dewan Housing Finance Corporation said in BSE release that its payment obligations falling due in the immediate future, may not be met as per their existing schedule.

Avenue Supermarts Falls After Block Deals - Shares of Avenue Supermarts fell as much as 1.5 percent to Rs 1,408. About 62 lakh shares of the company changed hands in two block deals on BSE, Bloomberg data showed. While buyers and sellers were not known immediately, Promoter Radhakishan Damani had planned to sell 1 percent stake or 62.3 lakh shares in the operator of D-Mart supermarket chain, according to a stock exchange filing dated Aug. 7. The sale, which began today, will end on Sept. 14.
NEWS ALERT | YES Bank QIP closed; Bids worth $750-800 million received: sources to CNBC TV18 -- Domestic MFs, Global Long Only Funds key investors
Rupee opening - Rupee opens higher at 70.55/$ vs Thursday's close of 70.69 against the US dollar
CATCH-ALL MARKET UPDATES -  Navkar Corp gains 15%RBL Bank gains 2%Shriram Transport up 3%Pow…
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Stock Market News - Affle India Jumps 27%, Tata Steel down

Tata Steel Worst Performer On Sensex, Nifty - Shares of Tata Steel fell as much as 4.1 percent to Rs 366.25 after the company announced its quarterly results for the three months ended June. The stock was the worst performer on Sensex and Nifty.

Block Deal Alert: ICICI Bank About 10 lakh shares of ICICI Bank changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
NEWS ALERT | Affle (India) listing today. IPO price at Rs 745 per share - Affle India listed at a premium of 24.3 percent at Rs 926 per share on the National Stock Exchange, compared to its issue price of Rs 745. The stock rose as much as 28.7 percent thereafter.
Oil check - At 8:23 am, Brent Crude Futures were at $57.73 per barrel, up 2.67 percent.
Rupee check - The rupee edged lower by 8 paise and closed at 70.89 against the US dollar.
Maruti cuts production by 25% for the sixth consecutive month in July - Maruti Suzuki India cut its production in July by 25.15 percent, making it the …

Stock Market News - IRB Infra Jumps, Avenue Supermarts Falls

IRB Infra Jumps On Stake Sale Plans, Q1 Results Shares of Mumbai-based company extended gains for the second consecutive trading session and rose as much as 10.6 percent to Rs 105.80. The construction firm said it will sell stake in its road business to the Government of Singapore for Rs 4,400 crore, according to its stock exchange filing. The company will transfer nine of its build–operate–transfer assets into a private Infrastructure Investment Trust in, which IRB will hold a 51 percent controlling stake.


NEWS ALERT | YES Bank likely to launch Rs 2,000 cr QIP: CNBC TV18
-- YES Bank QIP could lead to around 10 percent equity dilution: CNBC TV18
Avenue Supermarts Falls After Promoter Plans To Cut Stake Shares of the DMart supermarket chain fell 4.6 percent, its biggest intraday decline in a month, to 1,421.05 each. Promoter Radhakishan Damani will divest up to 1 percent stake, or 62.3 lakh shares of the company, according to an exchange filing. Sale of shares to start from Aug. 8 and en…

Stock Market News - SRF Jumps, Indiabulls Group Gains, Tata Motors rises

SRF Jumps The Most In Nearly Three Months -  Shares of SRF rose as much as 7.9 percent, the most since May 15, to Rs 2,783 after the company announced its June quarter results.
Indiabulls Group Stocks Advance -  Shares of Indiabulls Housing Finance rose ahead of results announcement. Meanwhile, shares of Indiabulls Ventures and Indiabulls Real Estate advanced 4-5 percent to Rs 207 and Rs 84.55 respectively.
Rupee Opens: The Indian rupee opened lower by 7 paise at 70.80 per dollar on Tuesday versus previous close 70.73.
CATCH-ALL MARKET UPDATES  DLF trades 1% higherTata Motors rises 2%Future Retail slips over 2%Hindalco trades 0.4% higherBombay Dyeing gains over 5%Indian Bank trades 2% higherBerger Paints trades 3% higherWelspun Corp trades with gainsJammu & Kashmir Bank rises 3%Bharti Airtel trades absolutely flatYES Bank trades flat with positive biasIndiabulls Real Estate gains over 5%Indian Hotels trades higher post Q1 resultsVodafone Idea trades flat; at a 52-week lowTorrent Pharm…

Stock Market News - VEDL, Tata Motors down 5%, Reliance Industries Falls

VEDL, Tata Motors down 5% - The Sensex is down 452 points to points down at 36,655, while the Nifty is trading near the 10,850-mark. VEDL, Tata Motors shares are among the biggest losers, shedding more than 5% each. Infosys, TCS, and HDFC are the only shares trading in the green on Monday morning.
NEWS ALERT | Lupin gets EIR from US FDA for Aurangabad facility: BSE Filing ALERT: The unit is involved in the manufacture of Oral Solid Dosage, Oral Liquid and Powder for Oral Suspension products for the US market.
Reliance Industries Falls On Credit Suisse's Downgrade - Shares of Reliance Industries fell as much as 3.4 percent, the most since May 9, to Rs 1,143.55. Brokerage and research firm Credit Suisse downgraded to ‘Underperform’ from ‘Neutral’ and cut price target to Rs 995 from Rs 1,350.
MARKET ALERT | India 10-Yr bond yields opens at 6.33% vs the previous close of 6.35%
Sun Pharma trades nearly 2% lower-- Drug major Sun Pharma on Saturday said it is discontinuing operations at two …

Market Update - Sebi is liable to fix the administrative system, BSE posts a net profit

Sebi is liable to fix the administrative system for portfolio directors - The Securities and Exchange Board of India (Sebi) has gotten a series of proposals from its working gathering on fixing the administrative structure for the portfolio of the executives' administration (PMS) industry. One of the recommendations relates to expanding total assets necessity of PMS players to Rs 50 million. A portion of different recommendations includes improving the detailing divulgences, high leave stacks in PMS items and improving the general business guidelines. 
The working gathering charged by the Sebi said higher total assets necessity would hinder non-genuine players while looking for enrollment and furthermore put weight on the periphery players. It saw that it has been more than a long time since the total assets prerequisite was last updated from Rs 5 million to Rs 20 million. 
BSE posts a net profit of Rs 41.3 crore in Q1 - The Bombay Stock Exchange (BSE) posted a net profit of Rs 41.…

Stock Market News - Bharti Airtel tanks 10%, Nifty wiped out 2019 gains

Bharti Airtel Top Performer On Sensex, Nifty Shares of Bharti Airtel rose as much as 4.6 percent, the most since May 24, to Rs 338.90 after the company announced its quarterly results for the three months ended June.
NEWS ALERT |  Govt invites applications for the post of RBI Deputy Governor, by Aug 3. Alert: Deputy Gyv Viral Acharya quit office on July 2. DSP says, suing DHFL for the amount due before the inter-creditors' agreement was signed: sources to CNBC TV18 -- Don't want to de-rail DHFL resolution process: DSP -- ICA signed on June 29; DSP's amount due on June 25HDIL a/c already NPA for YES Bank: sources to CNBC TV18
MARKET ALERT| 10-yr government bond yield opens at 6.31%
 1   July Auto Sales | Tata Motors -- JLR sales at 8,476 units, up 4.8% YoY-- Jaguar sales at 2,020 units, up 7.4%-- Land Rover at 6,456 units, up 4% YoY
2    Metals slip on trade war concerns -- Jindal Steel Hisar, Hindustan Zinc, JSW Steel, Vedanta hit a 52-week low
Bharti Airtel posts first quarterly …