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Stock Market News - Indigo falls, Tata Steel, Vedanta top gainers

L&T Construction bags orders in the range of Rs 1,000-2,500 cr


Indigo Extends Loss - After Clarification On RPTs Shares of the country’s largest airline declined further after it fell nearly 4 percent to Rs 1,342.75 each. InterGlobe Aviation said all related-party deals executed at arm’s length, according to a statement. Related-party deals were only 0.53 percent of the company’s 2018-19 revenue, the statement said. Also, co-founder Rahul Bhatia, in a statement, said the related-party transactions with his company InterGlobe Enterprises in 2018-19 were 0.53 percent of the consolidated turnover of Interglobe Aviation at Rs 150.12 crore. That was up from 0.5 percent in 2017-18 at Rs 118.96 crore.

Drug Approval - Sun Pharma has received approval from the US FDA for Risedronate sodium tablets which are used to treat or prevent Osteoporosis, Paget's disease.

GTPL Hathway soars 20% on strong Q1 numbers - The company on Wednesday reported a 120 percent YoY jump in its net profit at Rs 294.46 million

NEWS ALERT - DHFL gains on the report that lenders may finalize resolution plan today.

Religare Hits The Upper Circuit  - Shares of the financial services company touched the upper circuit after advancing 10 percent to Rs 43.05—the highest in over nine months. The company is set to sell its subsidiary Religare Finvest to TCG Advisory Services, it said in an exchange filing. 

CATCH ALL MARKET UPDATE - 

1  SpiceJet trades higher
2  YES Bank trading higher
3  Tech Mahindra slips 1.5%
4  NMDC gains 10% in Pre-open
5  HDFC Bank trades 0.5% higher
6  Eicher Motors climbs nearly 1%
7  Cox & Kings dip 5% on fresh default
8  Tata Consultancy Services trade flat

Apollo Hospitals trades 0.2% higher - Samsung India Electronics has teamed has joined hands with the Apollo Hospitals Group to launch the 'Samsung-Apollo Mobile Clinic' to provide access to quality healthcare to the less privileged in rural areas.

Aurobindo Pharma gains over 2% - Company launched generic of Sensipar tablets in the US.

TOP GAINERS & LOSERS - Tata Steel, Vedanta, YES Bank, State Bank of India, and Powerglide among the top gainers. The broader Nifty50 index added 34 points, or 0.3 percent, to 11,533.

Premier Explosives Gains - After Winning Order Shares of the explosives, manufacturer rose 6.1 percent intraday to Rs 195.95 apiece. Premier Explosives secured an order worth Rs 15 crore from Bharat Dynamics for the supply of solid propellants for the medium-range surface to air missiles, according to its exchange filing.

Rupee Opening - The Indian rupee opened at 68.30 against the US dollar, rising 26 paise compared to Wednesday's close of 68.56 a dollar after Fed's Chief hinted rate cut ahead.

Himachal Futuristic Communications Climbs 10% - Shares of optical fiber cable manufacturer Himachal Futuristic Communications rallied 10 percent intraday after reporting healthy earnings growth in June quarter.
Its profit in June quarter increased 148 percent year-on-year to Rs 117 crore driven by strong revenue mix and operating performance. Revenue grew by 23 percent to Rs 1,343 crore in the quarter ended June 2019, against Rs 1,088 crore reported in the same period last year.


Market Update | Rupee | Indigo | Top Gainers | Bank Nifty | Aurobindo



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