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Stock Market News - TCS, HCL Tech shares jump, Thermax Gains

Oriental Bank of Commerce trades flat - CARE revised rating outlook of Tier I & Tier II bonds from negative to stable


Jasch Industries rallies over 9% after ratings' upgrade-  CRISIL has upgraded the rating of long-term bank loan facilities from stable to BBB/Positive. Short—term rating of A3+ has been reaffirmed

Reliance Nippon Life AMC trades flat with negative bias-- CCI approves the acquisition of up to 75 percent stake in the company by Nippon Life Insurance

NEWS ALERT |
  • L&T in its BSE filing said its power division bagged to order in the range of Rs 1,000-2,500 crore from Damodar Valley Corporation.
  • ACC Surges After Q2 Results Shares of the cement maker rose as much as 5.1 percent to Rs 1,647.55 a piece, the most in over a month. The company reported its June quarter earnings on Thursday.
Thermax Gains -  After Winning Rs 471-Order Shares of the Pune-based electrical equipment maker rose nearly 3 percent to Rs 1,122.85 apiece. Thermax secured orders worth Rs 471 crore from a state-owned power company to set up Flue Gas Desulphurisation systems in Jharkhand, according to an exchange filing. 

TCS, HCL Tech shares jump - TCS, HCL Tech shares were among the biggest gainers in Sensex, gaining more than 1% each. ONGC, Yes Bank, M&M were the biggest losers, shedding up to 2.5%. RIL shares are trading flat ahead of Q1 results scheduled to be reported today. Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a US interest rate cut later this month.

CATCH-ALL MARKET UPDATES - 
  • Trident dips over 4%
  • Navkar Corp gains 4%
  • Canara Bank rises 0.8%
  • Prime Focus rises over 6%
  • Gravita India rises over 10%
  • Muthoot Finance rises 0.89%
  • Sasken Technologies slips 6%
  • ACC gains 4% after Q1 nos
  • Exide Industries dips over 4%
  • Reliance Industries trades flat
  • Rajesh Exports rises over 1%
  • Sterlite Technologies trades flat
  • Ambuja Cement rises over 1.5%
  • Amara Raja Batteries dips over 2%
  • Piramal Enterprises trades over 1% higher
IndiGo crisis: InterGlobe Aviation board meet today amid protestors spat - The board of Interglobe Aviation, which runs IndiGo, is set to meet on Friday amid a bitter feud between promoters Rakesh Gangwal and Rahul Bhatia over control of the country’s largest domestic carrier. The meet is expected to be a stormy affair with Gangwal, who has raised issues of corporate governance violations by the board, being present at the meeting. 

Broader market check | MidCap, SmallCap indices underperforming benchmark

-- MidCap index down 0.27 per cent

-- SmallCap index down  0.76 percent



Sensex | Rupee | Bank Nifty | Top Gainers | 
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