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Stock Market News - Tata Motors gains 4%, YES Bank jumps 5%

Tata Motors gains 4%: the Share price of Tata Motors rose 4.5 percent on September 11 after company's retail sales in China continued to recover (up 17.4% year-on-year) as the company's local turnaround plan gathered momentum.


Yes Bank, Tata Motors top gainers - Yes, Bank, Tata Motors, VEDL shares were among the biggest gainers, surging up to 5%. Infosys, Kotak Mahindra Bank emerged among the biggest losers, shedding up to 1%.

NEWS ALERT | 

1.  Essel Group completes 1st tranche of stake sale of ZEE Entertainment Enterprises to Invesco Oppenheimer: BSE filing

-- The 1st tranche of the transaction comprising the sale of 8.7% stake in ZEEL has been successfully concluded

-- The Group is confident of completing the balance sale of 2.3% stake over the next few days, the filing said.

-- The Group is also working actively on further divestments including its non-media assets and remains confident to complete the same

Alert: The Group had entered into an agreement to sell up to 11% promoter stake in ZEEL to the Fund.

2.  Strides Pharma Science acquires a majority stake in Farmed Healthcare AG: BSE Filing

3.  YES Bank gains 5% in morning trade on reports Rana Kapoor looks to sell a stake to PayTm

4.  L&T Oman bags order in the range of Rs 1,000-2,500 cr: BSE filing

Crude Update: Oil prices rose on Wednesday after an industry report showed that crude stockpiles in the US fell last week by more than twice the amount that analysts had forecast.

Rupee Opens: The Indian rupee slipped in the early trade on Wednesday. It opened lower by 14 paise at 71.84 per dollar versus Monday's close 71.70.


Yes Bank, Tata Motors, Tech Mahindra, Tata Steel, JSW Steel, Hindalco, SBI, Sun Pharma, L&T, Axis Bank, Coal India are among major gainers on the indices, while losers are BPCL, IOC, HPCL, Gail India, Infosys, Wipro, and Ashok Leyland. On the sectoral front, buying seen in the metal, auto, pharma, bank, and infra, while energy and IT sectors are marginally lower.

  • Wipro trades lower
  • Ashok Leyland dips 3%
  • Tata Motors rises over 3%
  • Glenmark Pharma gains over1%
  • Strides Pharma trades in the green
  • RBL Bank trades nearly 3% higher
  • Indiabulls Real Estate gains over 1%
  • Meghmani Organics trades 3% higher
  • Reliance Nippon Life Asset Mgt slips 4%
  • Hindustan Petroleum Corp trades 0.7% lower

L&T bags order: The buildings and factories business of L&T Oman has been awarded the main works contract of The Mandarin Oriental, Muscat by Eagle Hills, Muscat.

YES Bank jumps 5%: YES Bank rallied over 5 percent on 11 September largely on reports which suggest that Yes Bank’s Rana Kapoor is in talks with Paytm to sell his stake in the bank he co-founded.

Sensex | Market News | Top Gainers | Crude Oil | Rupee | Gold Prices | Auto Sector

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