Market News- Jet Airways in focus, Arvind Fashions Hits 5 %, RIL Top Loser

Jet Airways in focus: Lenders to the airline will look for equity infusion from a new investor to replace Etihad. The new investor is likely to be an investment fund. Banks may initiate talks with few investment funds that conducted due diligence on the company. Also, lenders are looking at the option of asking Etihad, Naresh Goyal to pledge their shares.

Jubilant Life Sciences Falls - After Block Deal Shares of the life sciences company fell as much as 7 per cent to Rs 782.55. About 33 lakh shares of the company changed hands in a block deal. While buyers and sellers were not known immediately “Jubilant Employee Welfare Trust to sell 35 lakh shares in Jubilant Life Sciences Ltd. to raise at least Rs 367 crore ($39 million) at the floor price.

Rupee opens marginally lower ahead of Fed decision - The Indian rupee on Wednesday was trading marginally weaker against the US dollar, tracking losses in Asian currencies as traders wait for the Federal Reserve’s policy decision amid the latest uncertainties surrounding the US-China trade negotiations.

At 9.05am, the rupee was trading at 69.11 a dollar, down 0.2% from its previous close of 68.96. The home currency opened at 69.05 a dollar.

Vedanta, Infosys, L&T, TCS and Axis Bank are the top gainers on the Sensex.

Crude Update: Oil prices dipped on Wednesday, retreating from a four-month high as economic growth concerns dampened the outlook for fuel consumption.

Arvind Fashions Hits 5 % - Upper Circuit For Eighth Day Shares of Arvind Fashions continued to hit an upper circuit of 5 per cent for the eighth consecutive trading session. The stock rose nearly 48 per cent since its listing on March 8. Trading volume was almost 40 times its 20-day average.

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Stock Market Update - Avanti Feeds Gains, Tata Group Stocks Trade Mixed

Orient Electric Halts Two-Day Gaining Streak, Shares Fall 6% Shares of Orient Electric fell as much as 5.7 percent to Rs 184.05, halting a two-day gaining streak. The stock advanced 21 percent in the past 12 months compared to a 14 percent gain in the Sensex. Tata Group Stocks Trade Mixed After NCLAT Order Shares of the Tata Group companies traded mixed after the National Company Law Appellate Tribunal ruled that his dismissal as chairman of Tata Sons Ltd. was illegal. While restoring him to his original position as executive chairman of the Tata Group’s holding company, the NCLAT held that the resolution by Tata Sons board removing Mistry was illegal. Essel Propack Surges 16% To Record High Shares of Essel Propack rose as much as 16 percent, the most since Jan. 28, 2019, to hit an all-time high at Rs 175.45. Trading volume was more than seven times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may...

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

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Share market updates: Sensex falls 200 points, Nifty open lower at 10,850;Eicher Motors down 5%

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...

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