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Stock Market News - Infosys Top Performer, DHFL Hits 10%

Infosys Top Performer  - On Sensex, Nifty Shares of Infosys rose as much as 5.8 percent, the most in two years, to Rs 768.70. The stock was the best performer on Sensex and Nifty. The Bengaluru-based software developer raised its revenue forecast for the full year even as higher costs led to a contraction in margin and decline in profit in the quarter ended June.

DHFL Hits 10% -  Lower Circuit After Reporting Loss In Q4 Shares of Dewan Housing Finance Corporation Ltd. hit their lower circuit of 10 percent to Rs 61.65, their lowest level since October 2013. Crisis-hit Dewan Housing Finance Corporation Ltd. said it aims to restart lending operations by August 2019 after the company reported a loss of Rs 2,223 crore for the quarter ended March 2019. 

Allahabad Bank Drops -  The Most In Eight Months Shares of Allahabad Bank fell as much as 14.4 percent, the most since November 2018, to Rs 40.35. The PSU Bank reported a fraud of over Rs 1,774 crore by Bhushan Power and Steel Ltd. “On the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against the Company and its Directors, alleging diversion of funds from banking system by the Bank's borrower namely Bhushan Power and Steel Ltd., a fraud of Rs 1,774.82 core has been reported by the Bank to the Reserve Bank of India,” Allahabad Bank said in a stock exchange filing.

BHEL Swings - After Order Win Shares of Bharat Heavy Electricals Ltd. fluctuated between gains and losses to trade little changed at Rs 64.80. The state-run company won an order worth Rs 100 crore for setting up a 25 MW floating solar photovoltaic power plant on EPC basis from NTPC. 

BEML Expects Orderbook To Be At Rs 12,000-13,000 Crore In FY20 BEML Ltd. expects its orderbook to be at around Rs 12,000-13,000 crore in the current financial year, its Chairman and Managing Director DK Hota.

CATCH ALL MARKET UPDATES - 

Sun Pharma gains over 3%
YES Bank gains over 4%
DHFL locked in 10% lower circuit
Larsen & Toubro trades 0.8% lower
Hero Moto Corp trades over 1% lower
HCL Technologies gains over 1%
GVK Power and Infra gains over 5%
ÍndusInd Bank trades flat with positive bias
Piramal Enterprises is trading over 2% higher
Avenue Supermarts gains over 5%
Infosys gains 5% on strong Q1 nos.

Rupee Opening: - The Indian rupee started off day on a positive note, appreciating 14 paise to 68.54 against the US dollar. Friday's close was 68.68 a dollar.

Petrol & Diesel Price Update - Petrol price increased by 13 paise to Rs 78.82 per litre but diesel price remained unchanged at Rs 69.43 per litre in Mumbai.

Sun Pharma gains -  Infosys share price surged more than 5.5% in the morning trade to hit the day's high at Rs 767. Yes Bank shares zoomed more than 5% to Rs 99.20. Drugmaker Sun Pharma shares jumped more than 4% to Rs 421. VEDL, Heromotocorp, L&T were among the top losers shedding more than 1% each. 


Share Marekt | Nifty | Top Gainers | Petrol | Rupee | Crude | Allahabad Bank
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