Skip to main content

Stock Market News- Yes Bank, TATA Motors Top Losers, ICRA tanks 4%

Yes Bank, TATA Motors Top Losers - Shares of Yes Bank, Tata Motors were among the biggest losers, shedding up to 1.51%.  Global stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks at the G20 summit over the weekend, leading investors to bet that a breakthrough between the world’s two largest economies would jumpstart global economic growth, Reuters reported.


Sadbhav Infra Resumes Rally After A One-Day Blip -  Shares of Sadbhav Infrastructure Project rose as much as 9.9 percent to Rs 78. The stock has gained during Three trading sessions out of four. The company’s board approved the sale of entire stake in nine SPV comprising of seven toll road infra assets and two annuity infra assets to lndlnfravit Trust at a deal valued at Rs 6,611.2 crore, according to its stock exchange filing. Sadbhav infra will see a de-consolidation of net debt of Rs 4,060 crore.

Hero Motocorp June sales: Total sales in June 2019 declined to 6,16,526 units against 6,52,028 units sold in June 2018.

TOP GAINERS & LOSERS- 

HPCL, BPCL, IndusInd Bank, ONGC, Infosys, Britannia, Bajaj Auto, Maruti Suzuki, and Asian Paints are among the major gainers on the indices, while losers are Yes Bank, Eicher Motors, Tata Motors, JSW Steel, Kotak Mahindra Bank, Cox & Kings, and Dr. Reddy's Lab. Among sectors, buying seen in the energy, FMCG space, while auto, IT, metal and pharma are under pressure.

Rupee Opens: The Indian rupee opened marginally lower at 68.97  per dollar on Tuesday versus previous close 68.95.

CATCH ALL MARKET UPDATES - 

1  YES Bank dip over 3% in trade
2  Allahabad Bank is trading marginally weaker
3  UPL is trading over 2% higher
4  DHFL is trading 2% higher in early trade
5  Godrej Properties tanks 8% in early trade
6  Bajaj Auto trading flat with negative bias
7  Power Grid trading mildly higher
8  Reliance Capital gains in early trade
9  Lemon Tree gains over 1%
10 Adani Green Energy zooms over 11%

Crude Update: Oil prices drifted lower on Tuesday, as weak global data raised concerns about future demand for the commodity despite a positive boost from OPEC's decision to extend supply cuts until next March.

ICRA tanks 4% - The board of rating agency ICRA on Monday has asked its Managing Director and Chief Executive Officer Naresh Takkar to go on indefinite leave, pending an inquiry into concerns raised by the market regulator the Securities and Exchange Board of India (Sebi). Takkar will be placed on leave until the completion of the examination of concerns raised in anonymous representation forwarded to the company by the market regulator, the filing added. The rating agency has appointed Vipul Agarwal (current CFO) as interim chief operating officer.

Cox & Kings Hits Lower Circuit To Record Hit Low -  Shares of Cox & Kings extended fall for the sixth consecutive trading session, their longest losing streak in over a week. The stock hit a lower circuit of 5 percent to record hit a record low at Rs 33.25. The company defaulted payment of Rs 50 crore of Commercial Papers. The company repaid two investors Rs 15 crore out of Rs 65 crore, which was due on June 28 and stated that cash flow mismatch led to the default and remaining Rs 50 crore will be paid through internal accruals and asset monetization.


Market | Sensex | Nifty | Yes BAnk | TATA Motors | Hero Motocorp | Rupee | Crude



Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

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