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Stock Market News - Tata Motor, Maruti slip 2%: Aurobindo Falls

Tata Motors Worst Performer On Sensex-  Nifty Shares of Tata Motors fell as much as 3 percent to Rs 154.50, making them the worst performer on Sensex and Nifty. Moody's Investor Services Inc. downgraded the company’s corporate family rating and senior unsecured instruments rating, citing sustained deterioration in the company's credit profile due to Jaguar Land Rover Plc 's weak performance.


Maruti Suzuki Declines -  After UBS Downgrades Stock Rating, Cut Price Target Shares of the country’s largest carmaker fell as much as 3.3 percent to Rs 6,400. Brokerage and research firm UBS downgraded the stock rating to ‘Sell’ from ‘Buy’ and cut-price target to Rs 5,800 from Rs 8,000, according to their research report.

NEWS ALERT |  Aurobindo Pharma gets a warning letter from US FDA after Feb inspection:   Unit XI gets a warning letter

Aurobindo Pharma Near 11-Month Low As Regulatory Concerns Prevail Shares of Aurobindo Pharma fell as much as 7.7 percent to Rs 578.65, the lowest in nearly 11 months. The pharmaceutical company received a warning letter from the U.S. FDA for Srikakulam plant, according to its statement on the exchanges. “Aurobindo Pharma is committed to resolving issues at the earliest and the existing business won’t be impacted from the plant,” the statement added.

MARKET LIVE UPDATE - 

1) NCC is trading over 2% higher
2) Zee Entertainment dips over 1%
3) DHFL zooms 7% in early trade
4) Tata Motors slips nearly 3% in trade
5) Asian Paints trade 1% lower
6) Sobha Ltd plunges nearly 9% on 4.2% equity exchange
7)  Jet Airways plunges 10% after NCLT admits SBI's insolvency plea

Balaji Telefilms shares gained over 8 percent in the early trade on June 21 after the company completed the sale of distribution rights for its upcoming movies. Balaji Telefilms Jumps The Most In Nearly 19 Months Shares of the media company extended gains for the second consecutive trading session and rose as much as 8.7 percent, the most since November 2017 to Rs 65.70. Balaji Telefilms completed the sale of rights for the upcoming slate of four movies for over Rs 100 crore.

Top Gainers & Losers - Indigo, Pidilite Industries, Ashok Leyland, TVS Motors, Tata Motors, Maruti Suzuki, Asian Paints, Sun Pharma, Infosys, TCS are among the major losers on the indices, while gainers are UPL and HCL Tech. All the sectoral indices are trading lower led by the auto, pharma, FMCG, IT, energy, metal, and infra.

Rupee Opens: The Indian rupee slipped in the early trade on Friday. It opened lower by 31 paise at 69.75 per dollar on Friday against the previous close of 69.44.


Sensex| Market News | Aurobindo Shares | Balaji Telefilms | Jet Airways | TATA Motors | Maruti Suzuki






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