HDFC Bank Falls - On Possible Block Deal Shares of the Mumbai-based lender fell as much as 1.7 per cent, the most in nearly two months, to Rs 2,249. An undisclosed entity is likely to sell 1.1 crore shares or 0.42 per cent equity in the stock via block deal at a range of Rs 2,219-2,287 per share, implying a 3 per cent discount from the last regular trade, bankers involved in the deal.
Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail, On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher.
Rupee Opens: The Indian rupee opened flat at 69.28 per dollar on Wednesday versus previous close 69.29.
Tata Motors, Yes Bank top gainers- Yes, Bank shares gained nearly 0.70% to Rs 273.50, while Tata Motors shares are trading 1% higher at Rs 207.55. Vodafone Idea shares are trading 0.9% lower at Rs 16.80.
Praj Industries Halt-Seven-Day Fall - Shares of Praj Industries halted a seven-day decline and rose as much as 7.3 per cent, the most in over a month, to Rs 148.50. The company signed a construction license agreement with the U.S.-based ‘Gevo’ to commercialise the technology for production of isobutanol using sugary-based feedstocks, such as juice, syrup and molasses.
Share Market | HDFC Bank | TATA Motors | Yes Bank Shares | Praj Industries