Skip to main content

Market Update - VEDL, Tata Motors top gainers ; SRF falls

VEDL, Tata Motors top gainers - Tata Motors shares zoomed by more than 4% to Rs 182, while VEDL shares jumped more than 4% to Rs 191. Bank of Baroda shares are higher by more than 2% to Rs 131.35, after the firm’s merger with Dena Bank and Vijaya Bank is effective today. 


L&T bags orders: Larsen and Toubro have won a large order from Kuwait Oil Company (KOC) in the range of Rs 2,500 to 5,000.

Vedanta, JSW Steel, Tata Steel, UltraTech Cement, Adani Ports, Bharti Airtel, Bajaj Auto, Eicher Motors, M&M  are among major gainers on the indices, while losers are Cipla, HCPL, BPCL, IOC, ONGC and Zee Ent. Except for energy, all other sectoral indices are trading higher led by metal, PSU bank, auto, infra, IT and pharma.

Intellect Design Arena Gains-  After Winning Its Highest-Ever Deal Shares of Intellect Design Arena rose as much as 5.6 per cent to Rs 214.80. The company won a large multi-million deal from one of the top 20 banks in North America, according to its stock exchange filing. This deal is significant to Intellect as this is the highest ever deal won by the company, the statement added.

SRF Falls -  The Most In Over Six Months After Receiving Orders To Shut Dahej Plant Shares of SRF fell as much as 9.6 per cent, the most since Sept. 21, 2018, to Rs 2,172.

Infosys Pare Reverses -  Opening Losses After A Block Deal Shares of Infosys reversed their opening losses and rose as much as 0.72 per cent to Rs 749.20. About 16 lakh shares of the company changed hands in a block deal during the pre-market trade.


Market News | Share Market | TATA Motors |Vedanta | L&T | SRF | Infosys

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 ...

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...

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...