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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



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