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Market Update- HCL Tech top losers, RIL, Yes Bank gains

HCL Tech top losers - Nifty Shares of HCL Technologies fell as much as 4.2 percent, the most in over five months, to Rs 1,088. The stock was the worst performer on Sensex and Nifty after announcing its March quarter results.
The U.S. Raises Tariffs To 25% On About $200 Billion Of Chinese Goods Trump administration increased tariffs on some $200 billion in Chinese goods to 25 percent from 10 percent.

RIL, Yes Bank among top gainers - Reliance Industries shares are trading 2% higher after the Mukesh Ambani-led firm’s subsidiary picked up British toy-maker Hamley’s. Yes, Bank shares are trading 2% higher at Rs 173 on BSE. 

Zee Entertainment, ICICI Bank, Yes Bank, RIL, SBI, Tata Steel, TCS are among major gainers on the indices, while losers are Asian Paints, Voltas, IOC, Wipro, HCL Tech, Infosys, Mahanagar Gas, and Berger Paints. On the sectoral front, IT and FMCG are trading marginally lower, while metal, pharma, auto, and bank are witnessing buying interest.

Rupee Opens: The Indian rupee opened lower by 11 paise at 70.05 per dollar on Friday versus previous close 69.94.

Welspun Corp Gain - On Buyback, Dividend Consideration Shares of the pipe maker gained for the second day after it rose as much as 3.3 percent to Rs 145. Welspun Corp, in an exchange notification, said that it will consider share buyback proposal during its board meet scheduled on May 14. Also, the company may consider recommending a final dividend for 2018-19, the filing said.


Market News | HCL Tech| U.S | Chinese  Products | Reliance | Yes Bank 
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