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Market Update - Vedanta Slip 4%, Vakrangee down 1%,

Vedanta Slip 4% - At Over Two Month, Low Shares of the mining conglomerate declined 4.1 percent intraday to Rs 156.80, its lowest since February 2019. The company announced its March quarter results on Tuesday. Net profit for the January-March period was at Rs 2,615 crore, 46 percent lower on a yearly basis.
Vedanta, Asian Paints, HDFC Bank, Tata Motors, SBI, RIL are among major losers on the indices, while gainers include Zee Entertainment, Gail, IndusInd Bank, and Ceat. All sectoral indices are trading in red led by metal, FMCG, auto, bank, energy, pharma and IT.

Rupee Opens: The Indian rupee opened lower at 69.55 per dollar on Wednesday versus Tuesday's close 69.43.

Vodafone Idea Slumps - To Record Low Shares of the country’s largest telecom operator slumped 5.7 percent intraday to Rs 14.70 apiece, its lowest on record since its listing in 2007.

Vakrangee down over 1% - The company had announced an alliance with Dish TV.

Neogen Jumps Over 16% - On Stock Market Debut Neogen Chemicals listed at a premium of 16.7 percent at Rs 251 per share on the National Stock Exchange, compared to its issue price of Rs 215 apiece.

 Nifty Media index down over 2% - Zee Entertainment, Sun TV drag, fall over 3%

Source

Market | Top Gainers | Vedanta Shares | Vodafone | Idea | Vakrangee | Neogen



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