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Stock Market News - HDFC, TCS Top Losers, Shoppers Stop Gains

HDFC, TCS Top Losers - Shares of HDFC, TCS were among the biggest losers, shedding up to 0.60% in the morning trade. Asian Paints, IndusInd Bank shares are trading marginally higher.

Shoppers Stop Gains -  After Aditya Birla MF Increases Stake Shares of the retail-store chain rose 3.3 percent to Rs 508.95. Aditya Birla Sun Life MF increased stakeholding to 7.01 percent from 5.01 percent in the company. according to its disclosure on stock exchanges. Trading volume was more than 130 times its 20-day average, according to Bloomberg data. The stock traded at 35 times its estimated earnings per share for the coming year.

Graphite India Falls - The Most In Nearly Two Weeks Shares of Graphite India fell as much as 3.7 percent, the most since June 21, to Rs 316.55. The company received a nod from Karnataka State Government to close Bengaluru plant. The production has been closed since Feb 21. On April 3, the company’s board approved a proposal to permanently close operations in the Bengaluru plant.

Block Deal Alert: 

1.  ITC About 10 lakh shares of ITC changed hands in a block deal on National Stock Exchange, 

2. Bharti Airtel, Eros International Bharti Airtel: About 30 lakh shares changed hands in a block deal. Eros International: About 12.8 lakh shares changed hands in a block deal.

Kalpataru Power Gains - On Stake Acquisition Plans Shares of Kalpataru Power Transmission rose as much as 3.7 percent to Rs 551.40. The company’s board approved acquiring 19.94 percent stake in Shree Subham Logistics for Rs 64.66 crore. With this acquisition, the company holds a 100 percent stake in the target company.

RBI imposes a penalty on UCO Bank: Reserve Bank of India has imposed a penalty of Rs 50 lakh for non-compliance of RBI directives on "KYC Norms/AML Standards/CFT/Obligation of banks and financial institutions under PMLA 2002" and also on "Opening of Current Accounts by Banks - Need for discipline".

TOP GAINERS & LOSERS

BPCL, IOC, IndusInd Bank, UPL, Asian Paints are among the major gainers on the indices, while losers are Vedanta, Tata Steel, Hindalco, TCS, Tech Mahindra, Bajaj Finance, ONGC, HDFC, Eicher Motors, and Indiabulls Housing. On the sectoral front, IT, metal and FMCG are trading marginally lower, while buying seen in the auto, infra and energy space.

Rupee Opens: The Indian rupee opened higher at 68.85 per dollar on Wednesday versus previous close 68.93.

CATCH ALL MARKET UPDATES | 

1   Crisil dips 0.5%
2   ICRA trades lower
3   IGL trades lower
4   ONGC trades lower
5   Vedanta slips over 1%
6   IndiGo up 0.6% in trade
7   Adani Green soars over 5%
8   Bharat Forge gains over 2%
9   HCL Tech dips marginally
10 Tata Sponge marginally up
11  Hindalco Industries slips in early trade
12  Indiabulls Housing Finance gains over 1%
13  ICICI Prudential Life dips marginally
14  Godrej properties gains in early trade


Tata Communication dips 4% intra-day -- Managing Director and Group CEO of Tata Communications Vinod Kumar, has resigned from the company on July 2 citing personal reasons. 


Market News | Sensex | HDFC | TCS | Rupee Update | Block Deal


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