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Market News- ICICI Prudential Falls,Jet Airways Jumps Over 8%

ICICI Prudential Falls-  After Promoter’s Stake Sale Plans Shares of the life insurance company fell as much as 3.1 per cent to Rs 312.15, the lowest in a month. Promoter Prudential Corporation Holdings said it will sell 3.73 crore shares or 2.6 per cent of the equity share capital of the company with an over-subscription option of another 1.1 per stake.

Jet Airways Jumps Over 8% - Shares of Jet Airways extended gains for the second consecutive trading session and rose as much as 8.5 per cent to Rs 275.70. The stock rose 17.5 per cent intraday yesterday. The follows the resignation of founder Naresh Goyal and wife Anita from the company's board, and infusion of Rs 1,500 crore by its lenders. 

Rupee Opening - The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019. It appreciated by 5 paise compared to Monday's close of 68.93 to the dollar. 

Indiabulls Housing, Zee Entertainment, Eicher Motors, GAIL, Adani Ports, Bharti Infratel and Reliance Industries were early gainers.

Infosys, TCS, Tech Mahindra, HCL Technologies, JSW Steel and Power Grid were under pressure.

STOCKS IN FOCUS

Mindtree: The board of Mindtree will take a call on buyback in a meeting in Bengaluru today.

HDFC: The firm has said it will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to augment its long term capital resources

DLF: The company has announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore.

Newgen Software Technologies: The firm has approved to incorporate a wholly-owned subsidiary in Australia and to make the initial investment up to 1.5 million Australian dollars in the proposed subsidiary, according to reports.

Suzlon Energy: Suzlon Energy yesterday said it has completed the sale of its two arms - SE Solar and Gale Solar farms - to CLP Wind Farms for a total consideration of Rs 99.09 crore.


Market News | JetAirways | ICICI Prudential | Rupee | Top Gainers 


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