Skip to main content

Stock Market News - Raymond Jumps, Mindtree Falls, Rupee slips 34 paise

Raymond Jumps 12% To Four-Month High Shares of Raymond rose as much as 12 percent, the most in a month, to Rs 754.20, the highest since July July 5. The company spun off its branded lifestyle business into a separate entity as part of a restructuring plan. 

Raymond’s lifestyle business, which comprises branded textiles, branded apparel, and garments, would be separately listed on the bourses after the demerger, the textile maker said in an exchange filing.

Mindtree Falls After CFO Resigns Shares of Mindtree fell as much as 1.2 percent to Rs 698.70. The company’s Chief Financial Officer Pradip Kumar Menon has resigned, adding to the exodus of its top management since a hostile takeover by Larsen & Toubro Ltd. Menon would be pursuing career opportunities outside the company and would be relieved from services on Nov. 15, the company said in an exchange filing.

Reliance Home Finance Gains For Sixteenth Day Shares of Reliance Home Finance extended gains for the sixteenth consecutive trading session, the longest stretch of gains on record. The stock hit an upper circuit of 5 percent at Rs 6.30. The National Housing Bank has imposed a penalty of Rs 45,000 on the company for contravention of NHB Directions.

Rupee slips 34 paise Vs dollar in early trade -The Indian rupee declined in the early trade on November 8. It opened lower by 34 paise at 71.30 per dollar versus previous close 70.96.

Eicher Motors Q2 preview: Profit, revenue may fall over 10% - Eicher Motors is expected to see more than 10 percent fall YoY in the second quarter (July-September) profit and revenue, due to the weak performance of both Royal Enfield and commercial vehicle segments.
The stock has fallen more than 7 percent during the quarter as well as year-to-date but rallied 36 percent since September 20 when the government announced a cut in the corporate tax rate.

Oil Check - At 8:15 am, Brent Crude Futures were at $62.14 per barrel, down 0.22 percent from its previous close.

Yes Bank Rebounds After Large Trade  - Shares of Yes Bank swung form a fall of as much as 3.24 percent and rose as much as 4.74 percent to Rs 69.60. About 18.7 lakh shares of the Mumbai-based lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Market News | Bank Nifty | Rupee | Gold | Mindtree


  1. MMMFS STOCK FUTURE BUY GRASIM ABOVE 767.60 TGTS 769.50-771.50-773.50 SL AT 764.20 LS 750
    Stock Future Tips


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…

Market News - Reliance Industries up 2%, Jet Airways down 10%

Reliance Industries up 2%-  Shares of billionaire Mukesh Ambani-led Reliance Industries jumped by more than 2% at Rs 1,375.50, ahead of its Q4 results.  Jet Airways down 10%- Shares of private sector airline slumped by 10% to Rs 216.45 on NSE. Shares of the cash-strapped airline plummeted over 34 per cent, its biggest intraday fall on record, to RS 158.70 apiece. 
Spicejet At 14-Month High - Shares of the low-cost carrier rose as much as 15 percent to Rs 152.60, its highest since February 2018. The shares gained 52 per cent in the last five days.
RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, are the major gainers in the indices, while losers are Jet Airways, Infosys, TCS and Hindalco. Among the sectors, auto, energy and bank are trading higher, while selling seen in the metal, IT and infra.
Rupee opening - Rupee opens at Rs 69.46 against US Dollar, up 14 paise against Tuesday's close of Rs 69.60
Ashoka Buildcon gains 2% - Shares of Ashoka Build…