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Market Update - Kotak Mahindra Bank Hits, Yes Bank top gainers ,HDFC Life Falls

Kotak Mahindra Bank Hits Record High-  Shares of Kotak Mahindra Bank extended gains for the fourth consecutive trading session to hit an all-time high. The stock rose as much as 1.3 percent in today’s trade.
Yes, Bank top gainers - Yes, Bank share price jumped by more than 1.4% to Rs 176.25, while Bharti Airtel shares are trading 1.4% higher at Rs 329.30 to emerge among the biggest Sensex gainers.

Yes Bank, IOC, Sun Pharma, Bharti Infratel, Coal India, HDFC, Bombay Dyeing, Suntech Realty, NFL, Orient Papers, Tata Power are among major gainers, while losers are Laurus Lab, Jet Airways, L&T Infotech, TCS and Infosys. Among sectors, except IT and FMCG, all other indices are trading in green.

Rupee Opens: - The Indian rupee opened marginally lower at 69.39 per dollar versus yesterday's close 69.35.

HCL Tech Falls 2.5% -  The NSE Nifty IT Index fell for the second consecutive trading session, led by the declines in HCL Technologies Ltd. and Tata Consultancy Services Ltd. Shares of the life insurer fell as much as 3.9 percent, the most in over a month, to Rs 401.10. 

Ruchi Soya Hits - Upper Circuit After Patanjali Plan Wins Lenders’ Approval Shares of Ruchi Soya Industries Ltd. hit an upper circuit of 10 percent to Rs 9. The company said in an exchange filing that Patanjali’s resolution plan won lenders’ approval. The stock had declined 33 percent in the past 12 months compared to an 11 percent advance in the Sensex. 

HDFC Life Falls - After Promoter’s Offers To Sell Part Stake Shares of the life insurer fell as much as 3.9 percent, the most in over a month, to Rs 401.10. The company’s promoter Standard Life (Mauritius Holdings) 2006 offered to sell up to 3.6 crore shares, or 1.78 percent stake in the open market, according to an exchange filing. 


Market News | Kotak Mahindra | Yes Bank | Rupee Update | HCL Tech | Ruchi Soya | HDFC Life Shares 

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