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Market Update- Tata Chemicals Rises, Petronet LNG Falls, Bajaj Finance Gain

Tata Chemicals Rises-  On Business Rejig Shares of Tata Chemicals rose as much as 5.2 percent to Rs 585.45. The Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations. Tata Chemicals will demerge its food business to Tata Global Beverages.
Petronet LNG Falls  - After Q4 Results Announcement Shares of Petronet LNG extended declines for the second consecutive trading session and fell as much as 3.6 percent, the most in over three months, to Rs 225 after the company announced its March quarter results.

Bajaj Finance Extends Gain  - Ahead Of Results Announcement Shares of Bajaj Finance extended gains for the second consecutive trading session and rose as much as 1.7 percent to Rs 3,053.70 ahead of results announcement.

Titan Hits Record High  -  Shares of Titan extended gains for the eighth consecutive trading session, their longest gaining streak in two months. The stock rose as much as 1 percent to hit an all-time high. The scrip advanced 6 percent in the past five days and gained 4.6 percent in the past 30 days. Titan traded at 56 times its estimated earnings per share for the coming year.

J&K Bank, JSW Steel, Tata Steel, Vedanta, Tata Chemical, Tata Motors, and Tata Global are among major gainers on the indices, while Indiabulls Housing, BPCL, L&T, Coal India, ITC, HDFC Bank, Manappuram Finance are among major losers. On the sectoral front, buying seen in the metal, IT, auto and PSU banking stocks.

Rupee Opens: The Indian rupee opened higher at 70.27 per dollar on Thursday versus previous close 70.34.


Market News | TATA Chemicals |Bajaj Finance | Petronet LPG | Titan | Rupee

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