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Stock Market News - Coffee Day Gaines 12%, Motherson Sumi Swings

Coffee Day Enterprises Jumps -  The Most In Over A Year Shares of Coffee Day Enterprises rose as much as 11.98 percent, the most since June 11, 2018, to Rs 249.95. Beverage maker Coca-Cola has entered exclusive talks to pick up a significant stake in the country’s largest coffee chain Café Coffee Day (CCD). "The news is absolutely speculative in nature and as a matter of company policy, we do not have any comments to offer at this point in time," Coca Cola India said in a statement.


Motherson Sumi Swings -  After Block Deal Shares of Motherson Sumi fluctuated between gains and losses to trade a little changed at Rs 119.90. About 45.4 shares of the company changed hands in two block deals, Bloomberg data showed. Buyers and sellers were not known immediately. Motherson Sumi traded at 18 times its estimated earnings per share for the coming year.

Aster DM Healthcare Jumps Over 7% -  Shares of Aster DM Healthcare rose as much as 7.2 percent to Rs 128.80. This after True North Fund sold 3.74 crore shares or 7.4 percent equity in the company at Rs 120 each.

Block Deal Alert: Bharti Airtel About 14.7 lakh shares of Bharti Airtel changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately. Shares of the telecom operator rose as much as 1.1 percent to Rs 349.50 after the block deal.

IndusInd Bank gains 2%: IndusInd Bank shares gained 2 percent on June 27 after global brokerage Deutsche Bank expects 32 percent upside in the stock, amid benefits from Bharat Financial merger and improving asset quality.

TOP GAINERS & LOSERS- 

Zee Entertainment, Bharti Airtel, NTPC, L&T, IndusInd Bank, Indiabulls Housing, Asian Paints, Kotak Mahindra Bank are among major gainers on the Indices, while losers include Emami, Motherson Sumi, Cox & Kings BPCL, IOC, JSW Steel and Reliance Industries. All the sectoral indices are trading with marginal gains led by the auto, PSU bank, FMCG and infra.

Rupee Opens: The Indian rupee slipped in the early trade on Thursday. It has opened lower by 11 paise at 69.26 per dollar versus previous close 69.15.


NEWS ALERT |

China's industrial profits rise by 1.1% in May: Reuters - Profits rose 1.1% in May YoY to $82.21 billion. It registered a 3.7% fall in April. The uptick in May was driven by quicker sales and slower increases in corporate costs

Cox & Kings down 75% this year - Scrip trading 32% lower this week, and 56% lower this month

Credit access Grameen hits a 52-week high - The company completed a direct assignment of Rs 138.89 crore on June 26, 2019. Stock zooms nearly 15% intra-day

Sadhana Nitrochem zooms 5% -  National Company Law Tribunal approved the scheme of the merger by absorption of Strix Wireless Private Limited with Sadhana Nitro Chem Limited.

STOCKS UPDATE - 

1  Mindtree slips over 1%
2  Greaves Cotton rises 1.5%

Sunteck Realty trades 1.6% higher - Co said it was gearing to create a portfolio of commercial and retail properties with an investment of Rs 5,000 crore over the next four years.


Market News | Sensex | Coffee Day | Mother Son Sumi | Rupee | Crude

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