Market News- Bharti Infratel Top Loser , Titan Hits , Yes, Bank, Axis Bank shares up

Bharti Infratel Top Loser On Nifty - Shares of the telecom tower operator declined as much as 4.7 per cent to over a two month low of Rs 287.35 apiece. The company reported its March quarter results on Wednesday. Brokerage firm CLSA downgraded its recommendation on the stock to ‘Sell’ from ‘Outperform’.

Titan Company Hits All-Time High - Titan Company hit a record high and crossed Rs 1 lakh crore in market cap.

Rupee Opening - The Indian rupee has opened marginally lower at 70 a dollar, against the closing of 69.87 in the previous session.

Crude Update - Oil prices fell on Thursday as record US output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC’s continued curbs on supply.

Yes, Bank, Axis Bank shares up - Yes, Bank shares are trading 1.5% higher at Rs 242.80, while Powergrid shares are up 1.3% to 194.40. Private sector lender Axis Bank shares are trading slightly higher at Rs 755.60, ahead of Q4 results.

UltraTech Extends Gains - Near 15-Month High Shares of the cement, maker rose 2.6 per cent intraday to 4,510 apiece, its highest since Jan 2018. The company reported its fourth-quarter earnings on Wednesday.

Oriental Hotels Shares Gain - Shares of Oriental Hotels added more than 2 per cent intraday after the hotelier announced plans to raise funds via Non-Convertible Debentures or other debt securities on a private placement basis for FY20.

Sugar stocks gain - Uttar Sugar Mills up over 8%, Dalmia Bharat Sugar and Industries up 6.81% (BSE quotes)

Ipca Labs up nearly 2% - Drug firm, on April 24, said it has entered into a pact to buy Maharashtra-based Ramdev Chemical for Rs 108.5 crore.

Syngene International up over 2% - In results announced yesterday for Q4FY19, net profit grew 18.1 per cent YoY to Rs 99.8 crore while revenues grew 30.5 per cent YoY to Rs 533.9 crore.

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