Skip to main content

Stock Market News- IndiGo Slumps, Yes Bank, IndusInd Bank top gainers

IndiGo Slumps - The Most In Over A Year Shares of InterGlobe Aviation fell as much as 19.3 percent, the most since May 2018, to Rs 1,264.85. Interglobe Aviation Ltd. promoter Rakesh Gangwal has alleged “questionable” related-party transactions between the IndiGo’s parent and private entities of the other promoter Rahul Bhatia in a letter to the Securities and Exchange Board of India. Gangwal also sought an extraordinary general meeting of the company’s shareholders to address the governance issues he has raised against Bhatia.


TCS Falls -  After Q3 Results Announcement Shares of the country's largest software exporter fell as much as 2.9 percent to Rs 2,071.30 after the company announced its quarterly results for the three months ended June.

Yes Bank, IndusInd Bank top gainers -  Yes Bank and IndusInd Bank were among the top gainers jumping up to 2%. TCS, Bajaj Finance shares were among the biggest losers, tanking up to 2% in the morning trade.

Rupee Opening - The Indian rupee opened lower at 68.62 against the US dollar, down 8 paise compared to Tuesday's close of 68.54 a dollar.

NEWS ALERT - Strides Pharma said its subsidiary achieved financial closure in Arrow deal worth AUD 394 million.

CATCH ALL MARKET UPDATES - 

1   IGL gains 2%
2   Eros Media dips 4%
3   SpiceJet soars over 8%
4   Reliance Infra tanks over 4%
5   TCS slips 2% after Q1 results
6   Syndicate Bank rises over 2%
7   Dr. Reddy Labs trades 0.7% lower
8   ÍndusInd Bank gains in early trade
9   Zee Entertainment Enterprises up over 2%
10  IndiGo's board room trouble cracks stock 10%
11  GTPL Hathway soars over 9% ahead of Q1 numbers
12  Religare Enterprises gains over 7% in early trade
13  Manpasand Beverages dips 5% after auditors resign

KRBL slips over 1% - Icra has revised long-term rating bank facilities to [ICRA]AA- from [ICRA]AA

Anik Industry trades flat - CARE revised rating on company's long term bank facilities to C (issuer not cooperating) from B+/Stable (issuer not cooperating), on account of deterioration in its liquidity due to cash loss reported in FY19 and almost full utilization of working capital limits.

Garware Synthetics gains 4% despite resignation by Co-director - Ramesh Chandorkar resigned as director of the company.

Minda Industries Jumps Nearly 7% - Shares of the auto component maker rose as much as 6.5 percent, the most since May 20, to Rs 292.60. The stock snapped its three-day losing streak, its longest since June 19. The scrip traded at 20 times its estimated earnings per share for the coming year.

Manpasand Beverages Hits 5% -  Lower Circuit Shares of Manpasand Beverages hit their lower circuit of 5 percent at Rs 38.85. This after Mehra Goel & Co. resigned as the statutory auditor of the company. The stock fell 56.3 percent so far this year and slumped 74.2 percent over the past 12 months.


Market News | Rupee | Indigo | TCS | Sensex | Nifty





Labels:

Comments

  1. Sadhana3 June 2020 at 17:20

    Good Article. Thanks for sharing such greatful information.
    stocks in the news
    V Guard
    Kotak Mahindra Bank
    Interglobe Aviation

    ReplyDelete
  2. Sadhana s7 August 2020 at 18:48

    The great thing about this post is quality information. I always like to read amazingly useful and quality content. Your article is amazing, thank you for sharing this article.
    Forex Trading
    Forex Market
    Foreign Exchange Market

    ReplyDelete

Post a Comment

Popular posts from this blog

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher. NEWS ALERT |  1. L&T Technology Services wins new electrification project from European automobile OEM 2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company.  Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said. CATCH ALL THE MARKET UPDATES -  ABB trades in the red NBCC trades 2% higher Shilp...
1 comment
Read more

Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75. Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37% After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained...
Post a Comment
Read more