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Stock Market News - Mindtree, ONGC , Yes Bank Worst Performer

Mindtree At Over 17-Month Low  - After Reporting Q1 Results Shares of Mindtree fell as much as 10.6 percent to Rs 670.95, their lowest level since February 2018. This after the software developer’s profit for the June quarter halved and results missed estimates as its margin narrowed owing to increased employee costs.


Yes, Bank Worst Performer On Sensex, Nifty After Reporting Q1 Results Shares of the private lender were down 10.4 percent to Rs 88.10 apiece on the NSE Ltd. after opening nearly 20 percent lower. This after the bank’s asset quality worsened in June quarter, as the lender’s new chief executive Ravneet Gill continued to clean up the lender's books.

Rupee Opening: The Indian rupee opened higher at 68.76 against the US dollar, up compared to Wednesday's close of 68.81 a dollar. 10-year government benchmark bond yield opened at 6.31 percent against the previous close of 6.34 percent.

Yes Bank, ONGC top losers - Yes Bank shares are trading 11% down at Rs 87, while ONGC shares are down 1.6% to Rs 147.40. Bharti Airtel, HDFC, HDFC Bank shares are among the biggest gainers, jumping more than 0.75% each. 

NEWS ALERT |
  • India receives 20% lower rainfall than average in the week to July 17: Met Dept
  • DHFL gains after saying it'll announce audited earnings for Q4 and FY19 on July 22
  • CARE Ratings slips over 3% after agency sends CEO on leave

STOCK ALERT:: 
  • YES Bank erodes Rs 29,000 cr in value in 2019
  • CG Power and Industrial Solutions is trading 9% higher

CATCH-ALL MARKET UPDATES
  • Crisil gains 3% higher
  • Tata Motors slips 1.3%
  • SpiceJet zooms over 3%
  • Tata Steel dips 0.83%
  • DHFL gains over 3%
  • HDFC hits a 52-week high
  • Bharat Forge slips over 3%
  • Maruti trades mildly lower
  • DFM Foods soars over 14%
  • Punjab & Sind Bank dips 5%
  • Allahabad Bank dips over 2%
  • Torrent Pharma sheds nearly 4%
  • Bharti Airtel trades over 1% higher
  • Jet Airways trades over 4% higher
  • Wipro trades higher post Q1 results
  • IndiGo trades flat with negative bias
  • Mahindra Lifespace Developers adds 0.8%

HDFC AMC Gains -  For the Third Day; Shares Hit Record High Shares of HDFC Asset Management Company extended gains for the third consecutive trading session and rose as much as 3.5 percent to hit an all-time high at Rs 2,147. The asset management company had reported its quarterly earnings on Tuesday.

Asian Indices Lower - Asian stocks traded lower amid renewed trade tensions between US and China. China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's Kospi were down 0.3-0.7 percent while Japan's Nikkei fell 1.7 percent.

Sudarshan Chemical Jumps  The Most In Nearly Two Months Shares of Sudarshan Chemical Industries fell as much as 4.2 percent, the most since May 27, to Rs 332. Amansa Holdings acquired 9.63 lakh shares or 1.39 percent stake in the company. Trading volume was almost 60 times its 20-day average.

Wipro Gains  - After Q1 Profit Meets Estimates Shares of Wipro rose as much as 3.3 percent to Rs 268.10 after the company’s profit for the April-June period slipped but met estimates even as its margin narrowed due to wage hike and a stronger rupee in the quarter.



Share Market | Nifty | Rupee | Gold | Top Loser \ Mindtree | ONGC | Yes Bank
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