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Market News - Tata Steel, Axis Bank shares jump, Cyient Surges 9%

Cyient Surges 9%- Cyient Jumps The Most In A Year Shares of the engineering services provider surged 9 per cent intraday to Rs 636.65. The company reported its fourth-quarter earnings on Thursday. The Hyderabad-based company’s net profit nearly doubled to Rs 176 crore, while its revenue fell 2.1 per cent to Rs 1,162.9 crore.
The gainers in the morning session are Axis Bank, HCL Tech, Bharti Airtel, Sun Pharma, Yes Bank, GAIL, Dr Reddy's Lab, SBI, Tata Steel, Indiabulls Housing, Bharti Infratel and Zee Entertainment, while losers are Maruti Suzuki, Tata Motors, Hero Moto, M&M and Kotak Mahindra Bank. Among the sectors, except auto all other sectors are witnessing buying led by metal, pharma, bank, infra, energy, IT and FMCG.

Rupee Opens: The Indian rupee gained in early trade on Friday. It opened higher by 16 paise at 70.09 per dollar versus previous close 70.25.

Tata Steel, Axis Bank shares jump- Shares of the steelmaker rose 3.6 per cent, the most in over a week, to Rs 529 apiece. The stock was the top gainer on Nifty. while Axis Bank shares are up about 2%, after robust Q4 results. Yes, Bank shares are trading marginally lower at Rs 237.30, 

GHCL surges - GHCL surged 10 per cent to Rs 265 in early morning trade on the BSE on the back of heavy volumes after the company reported a healthy 44 per cent year-on-year (YoY) growth in net profit at Rs 119 crore in the March quarter (Q4FY19). The commodity chemicals company had registered a profit of Rs 82 crore in the year-ago quarter.




Market News | Top Gainers | Top Losers | Rupee Update | TATA Steel | Axis Bank | Cyient Shares | GHCL Shares |
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