Skip to main content

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 sixth month in a row that the country's largest carmaker reduced its output, according to a regulatory filing. The company produced a total of 1,33,625 units in July, compared with 1,78,533 units in the year-ago month, Maruti Suzuki India (MSI) said in a BSE filing.

CATCH-ALL MARKET UPDATES - 
  • India VIX declines 6%
  • Maruti slips over 0.50%
  • Siemens jumps 4% on 21% rise in consolidated net
  • Page Industries trades lower ahead of Q1 results today
  • Aurobindo Pharma up 3% on 40% rise in June quarter profit
  • Tata Steel dips 2% after falling to meet street expectations in terms of profit in June quarter

TOP GAINERS & LOSERS

Indiabulls Housing, Eicher Motors, Adani Port, IOC, HPCL, BPCL, Yes Bank, Hero Motocorp, HCL Tech are among major gainers on the indices in the early trade, while losers include Tata Steel, Cipla, Grasim, Maruti Suzuki, Coal India, ONGC and Asian Paints. Among sectors, except metal other indices are trading higher led by the IT, auto, bank, infra, energy, pharma and FMCG.

HCL Tech Best performer On Sensex, Nifty Shares of HCL Technologies rose as much as 4.8 percent, the most in nearly nine months, to Rs 1,071 after the company announced its June quarterly results.

Adani Gas Q1 net profit grows 44 pct to Rs 79 crore - Adani Gas on Wednesday reported a 44% year-on-year (y-o-y) growth in net profit to `79.31 crores for the April-June quarter of 2019, led by an increase in sales volume and improved operating margins. The sales volume for the June quarter grew 9% on-year to 137 million metric standard cubic meters per day(mmscmd) on the back of strong growth in both piped natural gas (PNG) and compressed natural gas (CNG) segments.

YES Securities on M&M - The company is seeing some green shoots in the form of good monsoons, lower interest rates, some resolution of NBFC crisis, festive season and an expected pre-buy. The segment will see gyrations due to BS-VI norms from April 2020 wherein inventory management will become critical. 


Market News | Bank Nifty | Intraday Trading | Equity Shares | Crude | Gold 




Comments

  1. Good knowledge about the blog. I will keep on reading your update. We are life science service provider like Oligo Synthesis | Custom Oligo Synthesis.

    ReplyDelete

Post a Comment

Popular posts from this blog

Share market updates: Sensex falls 100 points,Nifty near 10,750; BoB uo 3%,Dena, Vijaya Bank Slump On Merger Deal

Market opens Equities have begun the day on a flat note, with the Nifty trading below 10,800. The Sensex is up 28.52 points or 0.08% at 35920.04, while the Nifty is down 2.20 points or 0.02% at 10790.30. The market breadth is negative as 268 shares advanced, against a decline of 139 shares, while 31 shares were unchanged. Wipro, Sun Pharma, Coal India and Titan are the top gainers, while ONGC, TCS, and HPCL lost the most. 
Rupee weakens for the 2nd day against the dollar The Indian rupee on Thursday weakened for a second session against the US dollar, tracking losses in its Asian peers amid mounting concern about the global outlook after Apple Inc. cut its revenue forecast. At 9.13am, the rupee was trading at 70.37 a dollar, down 0.22% from the previous close of 70.17. It opened at 70.17. The 10-year gilt yield was trading at 7.393% from its previous close of 7.355%.


Dena, Vijaya Bank Fall; Bank Of Baroda Gain After Three-Way Merger Deal Shares of Dena Bank slumped 19.38 per cent, the …

Share market updates:Sensex Gains Over 150 Points,Nifty reclaims 10700; Tata Motors up 2.5%

Mumbai: Indian benchmark indices BSE Sensex and NSE Nifty 50 advanced on Friday led by auto and metal stocks. Japan stocks slumped 4% on its first trading day of the year, leading Asian stocks lower, after weak economic data added to anxiety about global growth and Apple’s sales outlook cut sunk US stocks. Moreover, in India, investors turned cautious ahead of corporate earnings season beginning next week, with TCS and Infosys reporting December quarter results in the first round. Oil prices fell nearly 1% after the US showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.


Money Market Update: Rupee Strengthens After Two-Day Fall The Indian rupee strengthened after a two-day fall. The home currency appreciated as much as 0.35 per cent to 69.93 against the greenback.
Jet Airways shares down over 3% Jet Airways shares fell as much as 3.34% to Rs 238.60 per share after the Economic Times reported the company has proposed…

Stock Market News - Nestle Falls, Lupin gains, Laurus Labs Swings

Nestle Falls After Quarterly Results Announcement Shares of Nestle India fell as much as 1.5 percent to Rs 14,260 after the company announced September quarter results.

NEWS ALERT | Infosys looking to beef up whistleblower investigation: Report -- Infosys rules out insider trading
-- Co in talks with law firms JSA Law, Khaitan & Co for investigation
-- Appointment of one or both of the above-mentioned companies, in addition to Shardul Amarchand Mangaldas already appointed
TOP GAINERS & LOSERS - 
NTPC, YES Bank and Tata Motors are the top gainers while Sun Pharma, Infosys, and IndusInd Bank are the top losers. The most active stocks included Reliance Infra, Bank of Baroda and YES Bank.
Rupee Update: The Indian rupee opened lower by 8 paise at 71.36 per dollar on Monday versus Friday's close 71.28.
Lupin share price gains on USFDA approval - The share price of Lupin gained over 1 percent in early trade on November 11 after the company received United States Food and Drug Adminis…