Skip to main content

Market News - DHFL shares down, GAIL Falls

DHFL Plunges To Over Five-Year Low Shares of the non-banking lender declined as much as 18.3 percent to Rs 91.30 apiece, its lowest since December 2013. CARE ratings downgraded all borrowings of DHFL to D from BBB-, according to its statement. Also, its commercial papers were downgraded to ‘D’ (Default) by CRISIL and ICRA owing to liquidity concerns.



Rupee Opens: The Indian rupee opened lower by 14 paise at 69.40 per dollar on Thursday versus Tuesday's close of 69.26.

IndusInd Bank, SBI, ICICI Bank, DHFL Gail, Indiabulls Housing, Yes Bank, Zee Ent, Tech Mahindra, Ultratech Cement, Grasim, Bharti Infratel are among major losers, while gainers are IOC, Tata Motors Bajaj Auto, Lupin and NTPC. Among the sectors, PSU banks and IT space trading under pressure, while auto, FMCG and metal trading with marginal gains.

GAIL Falls On Lower-Than-Expected - Tariff Hike Shares of the state-owned gas distributor fell 9.7 percent intraday, the most in eight months, to Rs 323.40 per share. The Petroleum & Natural Gas Regulatory Board approved an integrated tariff rate for two of the key pipelines managed by GAIL.

Eros Locked In Lower Circuit -  After Care Downgrade Shares of the media company was locked in the lower circuit after it slumped 20 percent to an all-time low of 53.15 apiece. CARE Ratings downgraded Eros International Media Ltd.’s long-term and short-term bank facilities to ‘D’, or default rating, citing delays and default in its debt servicing ability.


Market News | DHFL | GAIL | RUPEE UPDATE | EROS
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Trade war worries kept base metal prices under pressure in 2019

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...
1 comment
Read more

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20. Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar. NEWS ALERT |  1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM -- Made sure stressed MSMEs are not declared NPAs: FM 2.  PSBs must move more liquidity out in the system: FM -- Together with banks and RBI, we looked at where liquidity was stuck: FM 3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing -- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021. -- VS Parthasarathy will step down as CFO on April 1, 2020 -- Board approves transition of Anand Mahindra's role to Non-executive Chairman.  -- Pawan Goenka re-designated MD & CEO up to November 11, 2020 TOP GAINERS & LOSERS...
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