Skip to main content

Stock Market News -L&T Tech Falls, Bharti Airtel Swings

L&T Tech Falls -  On L&T’s Stake Sale Plans Shares of L&T Technology Services fell as much as 1.8 percent to Rs 1,687. Larsen & Toubro plans to sell 3.88 percent stake in the company.



Bharti Airtel Swings - On Africa Unit’s IPO Plans Shares of Bharti Airtel fluctuated between gains and losses to trade 0.16 percent higher at Rs 353.30. The company’s Africa unit plans to raise $750 million plus a greenshoe option of 15 percent of $750 million from IPO, according to its stock exchange filing. 

Axis Bank, ICICI Bank Fall-  After Fitch Ratings Downgrade Shares of ICICI Bank fell as much as 1.3 percent to Rs 417.50 and shares of Axis Bank fell as much as 0.88 percent to Rs 805.80. 

Jubilant Life Sciences Near Three-Year Low - Shares of Jubilant Life Sciences extended declines for the third consecutive trading session. The stock fell as much as 2.5 percent to Rs 476.10, the lowest since August 2016.

Dr. Reddy’s Laboratories Recovers From 12%-  Drop Shares of Dr. Reddy’s Laboratories traded 0.17 percent higher at Rs 2,728 on NSE. The stock fell 12 percent intraday. On BSE, the scrip traded 0.5 percent higher at Rs 2,732.50 after falling 10 percent intraday.

Rupee Opens: The Indian rupee opened higher by 11 paise at 69.15 per dollar on Tuesday versus previous close 69.26.

GE Power zooms nearly 5% - The company bagged a contract worth Rs 738 crore from Aravali Power Company.


Market News | L&T Shares | Bharti Airtel | Jubilant Life Science | Rupee | Dollar



Labels:

Comments

Post a Comment

Popular posts from this blog

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher. NEWS ALERT |  1. L&T Technology Services wins new electrification project from European automobile OEM 2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company.  Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said. CATCH ALL THE MARKET UPDATES -  ABB trades in the red NBCC trades 2% higher Shilp...
1 comment
Read more

Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75. Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37% After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained...
Post a Comment
Read more