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Stock Market News - Yes, Bank Jumps 9%, Cipla falls over 2%

Yes, Bank Jumps 9% on Plans To Consider Fund Raising Shares of Yes Bank halted a two-day fall and rose as much as 9.3 percent, the most in nearly a month, to Rs 69. The Mumbai-based lender plans to consider raising funds on Nov. 29. Bank approved as an accredited entity by Green Climate Fund to help mobilize Climate Finance in India.


Morgan Stanley Gives ICICI Bank Its Most Bullish Price Target Yet, Shares Swing Shares of ICICI Bank fluctuated between gains and losses to trade 0.2 percent lower at Rs 509.65.

Prestige Estate Projects Surges The Most In Over Eight Months Shares of Prestige Estate Projects rose as much as 14.9 percent to Rs 339.80. The company signed an agreement with Marriott International to open six new hotels across India, representing nearly 1,000 rooms. All hotels are expected to open between 2021-2025, according to its media statement.

Biocon share price rises 4% on USFDA approval: ​Biocon share price rose 4.5 percent on November 27 after the company and Mylan's supplemental biologics license application (BLA) for Pegfilgrastim drug substance to be manufactured at Biocon's manufacturing facility has been approved by the United States Food and Drug Administration (USFDA).

Rupee Opens: The Indian rupee opened higher at 71.44 per dollar on Wednesday versus previous close 71.48.

TOP GAINERS & LOSERS - 

Yes Bank, Bharti Infratel, UPL, Eicher Motors, Tata Motors, TCS, ICICI Bank, HDFC and M&M are among major gainers on the Indices, while losers are Cipla BPLC, Zee Ent, Coal Indian, and Sun Pharma  All the sectoral indices are trading higher. BSE midcap and smallcap indices also trading 0.4 percent higher.

PC Jeweller dips 0.5% - CARE Ratings has downgraded rating for PC Jeweller Ltd’s (PCJ) fixed deposits from “BB+” to “B” on stressed liquidity position and deterioration in the financial flexibility of the company.

Cipla falls over 2% -- Failed to review discrepancy at Patalganga unit

SpiceJet dips 2% after HSBC cuts target price: SpiceJet share price declined 2 percent on November 27 after foreign research house HSBC has cut the target price but maintained hold rating.


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