Stock Market News- ONGC, NTPC top gainers, Ashok Leyland Falls

ONGC, NTPC top gainers - NTPC shares gained more than 1.25% to hit Rs 129.20 on BSE. Yes, Bank shares are trading 0.75% higher at Rs 93.90. Heromotocorp, TCS, M&M have emerged among the biggest losers, shedding more than 1% each.

Dishman Carbogen Amcis Jumps On Heavy Volumes Shares of the specialty pharma products maker rose as much as 9.3 percent, the most since May 20, to Rs 232.85. Trading volume was more than 80 times its 20-day average, Bloomberg data showed. Of the shares traded, 43 percent were at the asking price and 33 percent were at the bid.

Cipla Gains - On EU Unit’s JV Plans Shares of the drugmaker rose as much as 1.3 percent to Rs 557.60. The pharmaceutical company’ European Union unit entered into a joint venture agreement with Jiangsu Acebright Pharmaceutical Co., Ltd. ('Acebright'), China yesterday, according to its stock exchange filing. Cipla EU will hold 80 percent stake in the joint venture, the statement added.

Jet Airways said the first meeting of Committee of Creditors will be held on July 16.

Page Industries in Focus - Cartica Capital sold 2.03 percent stake in the company during February 14-July 12, 2019. After stake sale, Cartica Capital now holds 2.98 percent stake against 5.01 percent in October 2018.

Rupee Opening - The Indian rupee opened lower at 68.56 against the US dollar, down 3 paise compared to Monday's close of 68.53 a dollar.

CATCH ALL MARKET UPDATES -

DHFL slips 5%
REC gains over 1%
UPL dips over 1%
Tata Motors dips 0.5%
Ashok Leyland slips over 3%
Mahindra & Mahindra dips 2%
Indiabulls Housing Fin dips over 3%
Cummins India trades over 2% lower
Indian Oil Corp trades flat with positive bias
Sadbhav Engineering gains 2% in early trade
Automotive Stampings & Assemblies tanks over 8% on weak Q1 nos.

Ashok Leyland Falls- After Temporarily Shutting Plant Shares of the commercial vehicle maker fell as much as 3.80 percent to Rs 82.20, the lowest in nearly a month. The company’s plant located in Pantnagar, Uttarakhand will remain closed from July 16 to July 24, due to weak demand and outlook for the industry, according to its notification on the exchanges.

Vakrangee Jumps 5%- Vakrangee shares rallied 5 percent intraday after any decision to set up electric vehicle charging infrastructure across India. The company will set up the charging infrastructure facility through its Nextgen Vakrangee Kendra outlets. Vakrangee has 3,504 Nextgen Vakrangee Kendra's spread across 19 states, 366 districts, and 2,186 postal codes. More than 68% outlets are from Tier 5 and tier 6 cities.

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