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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% higher
  • Tata Motors rises 2%
  • Future Retail slips over 2%
  • Hindalco trades 0.4% higher
  • Bombay Dyeing gains over 5%
  • Indian Bank trades 2% higher
  • Berger Paints trades 3% higher
  • Welspun Corp trades with gains
  • Jammu & Kashmir Bank rises 3%
  • Bharti Airtel trades absolutely flat
  • YES Bank trades flat with positive bias
  • Indiabulls Real Estate gains over 5%
  • Indian Hotels trades higher post Q1 results
  • Vodafone Idea trades flat; at a 52-week low
  • Torrent Pharma trades flat with negative bias
  • Zee slips nearly 3%; top loser among media scrips' pack
  • Torrent Power jumps over 6% after posting a 22% rise in June quarter profit
  • Dilip Buildcon trades with 2% cut after Citi cuts the stock's target price to Rs 514
  • IndiGo dips 4% after Rakesh Gangwal writes a letter to directors against InterGlobe Enterprises
F&O Check: Nifty 11,000 Call Option Jumps 36% Nifty’s 11,000 call option contract was among the most active Nifty option contracts on National Stock Exchange. The premium on the weekly contract which is set to expire on Thursday fell 36.62 percent to Rs 50.55. Over 5.83 lakh shares were added to the open interest which stood at over 28.17 lakh shares.

IndiGo Falls  - After Co-Founder Puts Out New Letter Shares of the budget carrier fell as much as 2.6 percent to Rs 1,452. The company’s co-founder Rakesh Gangwal, will not vote to change the company’s articles of association at an annual general meeting scheduled for Aug. 27, according to his letter to the board.

Sterling & Wilson Solar's Rs 3,125-Crore IPO Opens Sterling & Wilson Solar Ltd. will launch its three-day initial public offering on Tuesday as the chairman and promoter plan to pare their holdings in the Shapoorji Pallonji Group’s solar engineering, procurement, and construction company. The Sterling & Wilson Solar plans to raise close to Rs 3,125 crore by selling four crore equity shares at Rs 7.

Granules India gets USFDA nod for Amphetamine Sulfate tablets: The US Food & Drug Administration (USFDA) has approved the abbreviated new drug application (ANDA) filed by Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of Granules India for Amphetamine Sulfate Tablets USP 5 mg and 10 mg.

 TOP GAINERS & LOSERS - 

Zee Entertainment, Yes Bank, Hindalco, Tata Steel, Titan, HUL, RIL, are among major losers on the indices in the early trade, while gainers are SRF, Tech Mahindra, Eicher Motors, IndusInd Bank, Berger Paints Axis Bank, and Bajaj Finance. Among sectors, except FMCG other indices are trading with marginal gains led by the PSU bank, auto, infra, metal, IT and energy.

Telcos to lose Rs 4-5 crore a day as internet services suspended in Kashmir - Telecom operators’ business worth Rs 4-5 crore would be affected a day, like internet, mobile, landline, and cable TV services were suspended in Jammu and Kashmir.

As on December 31, 2018, the number of telecom subscribers in Jammu & Kashmir was 11.5 million. The service area saw a net addition of 51,000 subscribers in December, the Telecom Regulatory Authority of India’s (Trai’s) data shows. The data showed only Jio was able to add subscribers in Jammu & Kashmir in December when Airtel had 5.64 million subscribers, Jio had 3.31 million, Vodafone-Idea 1.34 million and BSNL 1.21 million, the report said.

Fund Raising - PNB Housing Finance raised fresh $75 million (around Rs 522 crore) ECB from Sumitomo Mitsui Banking Corporation (SMBC) Singapore.


Sensex | Market News | Nifty | Rupee | Top Gainers | SRF | Indiasbull | Article370






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