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Stock Market News - Dr. Reddy’s Gains, Coffee Day Enterprises down 20%

Dr. Reddy’s Gains After Q1 Results -  Shares of Dr. Reddy’s Laboratories rose as much as 1.3 percent to Rs 2,689 after the company announced its quarterly results for the three months ended June.

Coffee Day Enterprises Hits 20% Lower Circuit -  Shares of Coffee Day Enterprises hit their lower circuit of 20 percent at Rs 153.40. This after the company’s founder VG Siddhartha has been reported missing since Monday evening. According to ANI, Siddhartha — who’s also the son-in-law of former Karnataka Chief Minister SM Krishna — went missing near the Netravati River in Mangaluru. 


Rupee Opens: The Indian rupee opened flat at 68.75  per dollar on Tuesday versus previous close 68.73.

Crude Update: Oil prices extended overnight gains on Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the first time in more than a decade this week.

ICICI Bank, Tata Steel top gainers- ICICI Bank, Tata Steel shares are among the biggest gainers, jumping up to 1.5%. Kotak Mahindra Bank, NTPC are among the biggest losers, shedding up to 0.4%. Asian stocks edged up on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while heightened concerns in currency markets about a no-deal Brexit sent the pound to a 28-month low. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.15%. 

NEWS ALERT | Sorry to let down all the people that put their trust in me: VG Siddhartha to CCD Board, CNBC TV18 says

-- I would like to say I gave it my all

-- I fought for a long time but today I give up

-- Have failed to create the right profitable business model

-- Every financial transaction is my responsibility

Pfizer rises over 1.5% - Drugmaker Pfizer has agreed to spin off its generic drugs business and combine it with Mylan, a move that leaves Pfizer with more profitable innovative drugs, including cancer drug Ibrance and pneumonia vaccine Prevnar, said a Reuters report.

CATCH-ALL MARKET UPDATES - 
  • DLF trades higher
  • JSW Steel gains 2%
  • Mindtree dips over 2%
  • HDFC Bank trades flat
  • Strides Pharma rises 9%
  • ICICI Bank trades higher
  • Tata Motors trades lower
  • Shilpa Medicare rises 2%
  • Dr. Reddy's Labs trades lower
  • Bajaj Finserv trades 1.6% higher
  • Eicher Motors trades over 1% higher

Reliance Nippon Life Q1 net up 13% - Reliance Nippon Life Asset Management (RNAM) reported a 13% increase in its net profit to Rs 125.40 crore in the June quarter against Rs 111.06 crore in the corresponding previous quarter. As on June 30, assets under management rose 6% year-on-year to Rs 4,30,661 crore. 

Hero MotoCorp Worst Performer On Sensex, Nifty Head Of Results -  Shares of Hero MotoCorp fell as much as 1.5 percent to Rs 2,370 ahead of the results announcement. The stock was the worst performer on Sensex and Nifty.



Market Update | Bank Nifty | Rupee | Crude | CCD Shares | Dr. Reddy | 

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