Skip to main content

Market Update - Jet Airways Drops, Vodafone Idea falls over 4%

Jet Airways Drops - After Top Executive Resigns Shares of the cash-strapped airline declined as much as 13 percent to Rs 121. The company’s Deputy Chief Executive Officer and CFO Amit Agarwal stepped down.
Yes, Bank shares are trading 1.5% lower at Rs 152.45, while Zee Entertainment shares are down 1.6% to Rs 336.60 to emerge among the biggest Nifty losers. 

Vodafone Idea falls over 4% - India's largest telecom operator, on Monday, reported a consolidated loss of Rs 4,881.9 crore for the quarter ended March 31, amid a brutal tariff war in India's telecom market. 

Engineers India Gains -  After Signing Pact Shares of Engineers India rose as much as 1.5 percent to Rs 105.25 Engineers India Gains After Signing Pact Shares of Engineers India rose as much as 1.5 percent to Rs 105.25. The company signed a contract with Mangol Refinery for providing its PMC Services for the construction of Crude Oil Refinery plant in Mongolia.

Rupee Opens: The Indian rupee marginally added in the early trade on Tuesday. It opened higher by 1 paise at 70.51 per dollar versus previous close 70.52 yesterday.

Sun Pharma, Vedanta, Reliance, IndusInd Bank, ITC, Adani Ports and Eicher Motors are among major gainers on the indices, while losers are Tata Steel, Infosys, ONGC, Asian Paints and L&T. Among sectoral indices, FMCG, Pharma and PSU banks are trading higher. 



Market  News \ Rupee | US-China | Jet Airways | Vodafone- Idea | Engineers India | 
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market Update - Avanti Feeds Gains, Tata Group Stocks Trade Mixed

Orient Electric Halts Two-Day Gaining Streak, Shares Fall 6% Shares of Orient Electric fell as much as 5.7 percent to Rs 184.05, halting a two-day gaining streak. The stock advanced 21 percent in the past 12 months compared to a 14 percent gain in the Sensex. Tata Group Stocks Trade Mixed After NCLAT Order Shares of the Tata Group companies traded mixed after the National Company Law Appellate Tribunal ruled that his dismissal as chairman of Tata Sons Ltd. was illegal. While restoring him to his original position as executive chairman of the Tata Group’s holding company, the NCLAT held that the resolution by Tata Sons board removing Mistry was illegal. Essel Propack Surges 16% To Record High Shares of Essel Propack rose as much as 16 percent, the most since Jan. 28, 2019, to hit an all-time high at Rs 175.45. Trading volume was more than seven times its 20-day average, Bloomberg data showed.  The Relative Strength Index was above 70, indicating that the stock may...
4 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more

Share market updates: Sensex falls 200 points, Nifty open lower at 10,850;Eicher Motors down 5%

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...
Post a Comment
Read more