Skip to main content

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher.


NEWS ALERT | 

1. L&T Technology Services wins new electrification project from European automobile OEM

2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company. 

Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said.

CATCH ALL THE MARKET UPDATES - 
  • ABB trades in the red
  • NBCC trades 2% higher
  • Shilpa Medicare zooms 4%
  • Varun Beverages slips in trade
  • Hero MotoCorp trades 1% lower
  • Gail trades flat with negative bias
  • Eveready Industries trades higher
  • Maruti Suzuki trades with over 2% cut
  • Equitas Holdings slumps nearly 8% in Opening Trade
Rupee opens 5 paise higher at 71.67 against US dollar - The rupee on Monday opened five paise higher at 71.67 against the US dollar amid a rise in crude oil prices and Asian equities. The domestic unit continued its winning momentum for the third session in a row on Friday, rising 12 paise to settle at 71.72

TOP GAINERS & LOSERS - 

Asian Paints Indiabulls Housing, UPL and Sun Pharma and Cipla, are among major gainers on the indices, while losers are Maruti Suzuki, Tata Motors, Eicher Motors, M&M, Hero MotoCorp, HDFC Bank, Kotak Mahindra Bank, Axis Bank, and JSW Steel, Yes Bank, TCS, and Bajaj Finance.b Among sectors, except pharma other indices are trading lower led by auto, metal, energy, bank and IT.

Market News | Sensex | Bank Nifty | Gold | Crude | Indian Rupee

Comments

  1. MMMFS CASH CALL : SELL VENKEYS BELOW 1558 TARGETS 1548 , 1538 , 1528 STOPLOSS 1573
    CASH UPDATE : VENKEYS OUR 1ST TGT 1548 ACHIEVED BOOK PARTIAL PROFIT
    Two Days Free Trial

    ReplyDelete

Post a Comment

Popular posts from this blog

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…

Stock Market News - Telecom Operators Decline, Aurobindo Pharma extended decline

Telecom Operators Decline; Vodafone Idea Slumps 14% Shares of the telecom operators declined. That comes after the Department of Telecommunications has issued a notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source. 
As per DoT's estimate, the liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added.
Aurobindo Pharma At Over Five-Year Low Shares of Aurobindo Pharma extended declines for the fourth consecutive trading session. The stock fell as much a 9.1 percent, the most in over a month to Rs 394.30, the lowest since September 2014. 


The comes after the pharmaceutical company said that the U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility. Form 483 is used by the FDA to document and communicate concerns discovered during…

Stock Market News - Vodafone Idea falls, Lupin Gains, Power Grid Gains

Vodafone Idea falls 8% Shares of Vodafone Idea fell as much as 7.5 percent to Rs 3.70. Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, Bloomberg reported quoting the company’s Chief Executive Officer Nick Read.

Lupin Gains After Offloading Japanese Business Shares of Lupin rose as much as 3.1 percent to Rs 758.80. India’s fourth-largest drugmaker by market value informed the exchanges it has entered into a definitive agreement to sell 99.82 percent of its stake in Kyowa Pharmaceutical Industry Co. to Plutus Ltd., a subsidiary of the private equity firm Unison Capital Partners, at an enterprise value of 57,361 million Japanese yen—nearly Rs 3,702.4 crore. 
That, Lupin said, would generate a post-tax net cash inflow of Rs 2,103.9 crore.
Power Grid Gains After large Trade Shares of Power Grid rose as much as 1.4 percent to Rs 194.35. About 16.6 lakh shares of the company changed hands in a large trade, B…