Stock Market News - Bajaj Finance, HDFC Bank slips, Reliance Industries Top Gainer

Bajaj Finance, HDFC Bank top losers - Bajaj Finance, HDFC Bank shares are among the biggest losers, shedding more than 2.5% each. RIL, VEDL shares are among the biggest gainers, jumping up to 2.5%.

Alembic Pharma gets USFDA approval: The company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Pregabalin Capsules, 25 mg, 50 mg, 75 mg, 100 mg, 150 mg, 200 mg, 225 mg, and 300 mg

TOP GAINERS & LOSERS -

Vedanta, RIL, Tata Motors, Maruti Suzuki, ONGC, Tata Steel, Eicher Motors are among major gainers on the indices, while on the other hand losers are HDFC Bank, Bajaj Finance, Cipla, Adani Port, Titan, ICICI Bank, Bajaj Auto, Bajaj Finserv, Amara Raja, Interglobe Aviation, ICICI Lombard and Future Lifestyle. Among the sectors, except metal, all other indices are trading lower led by bank, pharma, infra, FMCG and IT.

Reliance Industries Top Gainer After Q1 Results - Shares of the Mukesh Ambani-led conglomerate snapped its three-day fall and rose 1.4 percent intraday to Rs 1,266.35. The company reported its June quarter results on Friday.

Block Deal Alert:

Biocon About 12.6 lakh shares of the biotechnology company changed hands in a block deal on National Stock Exchange. Buyers and sellers were not known immediately. The stock traded 31 percent below the Bloomberg consensus one-year target price. Fifteen out of the 23 analysts tracked by Bloomberg had a ‘Buy’ recommendation on the stock.

L&T Technology Services has been selected as a strategic partner by United Technologies Corporation (UTC) for Collins Aerospace, a subsidiary of UTC.

Rupee Opens: The Indian rupee slipped in the early trade on Monday. It has opened lower by 10 paise at 68.90 per dollar versus Friday's close 68.80.

Cipla's wholly-owned step-down subsidiary InvaGen Pharmaceuticals Inc. receives final approval for the generic version of Pfizer's Lyrica Pregabalin Capsules.

CATCH-ALL MARKET UPDATES -

Suzlon dips 4.3% after Union Bank of India tags co as 'bad loan'
Vedanta gains 3% in early trade, the top gainer in BSE Sensex
TVS Motor faces selling pressure ahead of June quarter results today.

Amara Raja Batteries jumps 4%: the Share price of Amara Raja Batteries rose more than 4 percent in the early trade on July 22 after the company posted robust numbers for the quarter ended June 2019 (Q1FY20).

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Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

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