Skip to main content

Market News - Infosys down 4%,TCS Gains 3%, Adani Power Falls

Infosys down 4% - Infosys was the worst performer on the benchmark indices as the stock fell as much as 4.7 per cent, the most in over six months, to Rs 712.60. 
TCS Gains 3% - TCS Top Performer On Sensex, Nifty After Q4 Profit Beats Estimates Shares of Tata Consultancy Services rose as much as 3.5 per cent to Rs 2,084. The stock was the top performer on Sensex and Nifty. The company continued to see steady growth in business even as profit remained flat and margin narrowed in the March quarter. 

TCS, Coal India, Tata Motors, Hero Moto, Wockhardt, Lakshmi Vilas Bank, DLF, ITC, GMR Infra, IOC are among major gainers, while losers are Infosys, Gail and ICICI Bank. All the sectoral indices are trading in green led by metal, auto, infra, FMCG, and energy.

Rupee Opens: The Indian rupee opened higher by 8 paise at 69.07 per dollar on Monday versus Friday's close 69.15.

Adani Power Falls-  Despite Regulator’s Relief Shares of the power producer snapped its two-day gaining streak and slumped 3.8 per cent to Rs 51.20 apiece. Central Electricity Regulatory Commission allowed Adani Power’s Mundra thermal power unit to pass on the higher cost of imported coal that had made the project unviable, according to its exchange filing.



Share Market | Infosys | TCS Shares | Rupee Update |


Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more