Skip to main content

Stock Market News - Yes Bank, VEDL top gainers, Oil prices steady

Yes Bank, VEDL top gainers - Yes, Bank shares are trading 1.8% higher at Rs 105, while VEDL shares are up about 1% to Rs 168.50. Tata Motors, Sun Pharma shares are among the biggest losers, shedding more than 1% each. 


Oil prices steady after falling to more than one-week lows - Oil steadied after falling more than 3% overnight, with U.S. crude trailing Brent after U.S. inventory data fell short of expectations, amid conflicting signals from the U.S. and Iran over the disputes that have roiled prices recently. Brent crude futures were up 16 cents at $64.51, or 0.3% by 0027 GMT. 

NEWS ALERT | 

  • L&T Infotech to acquire Lymbyc Solutions for an enterprise value of Rs 38 cr in an all-cash deal: CNBC TV18
  • Greaves Cotton sought certain relaxations from SEBI and Finance Ministry w.r.t share buyback.
  • Cox & Kings on July 16 said it defaulted in repayment of interest of Rs 50 crore on NCD.
  • Astron Paper & Board Mill, on July 16, said its unit-1 in Halvad, Gujarat will be shut during July 16-20 for scheduled preventive maintenance of boiler/power plant.

Gold inches down as strong US retail sales lift the dollar - Gold prices edged lower on Wednesday but still held above the psychological $1,400 level, as the dollar gained after robust U.S. retail sales tempered fears of a sharp downturn in the world’s largest economy. Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT. U.S. gold futures slipped 0.3% to $1,406.90 an ounce.

NTPC Commissions First Unit of Nabinagar Plant - State-owned power producer NTPC said it has commissioned the first unit of 660MW capacity under Nabinagar Super Thermal Power Project. With the addition of this project, the total installed capacity of the company has reached 55,786MW, it added.

KNR Constructions Likely to Open Higher - KNR Constructions shares rallied 4 percent intraday after the company received work order from Navayuga Engineering. Company in its BSE filing on July 16 said it has received a work order for Rs 847.34 crore from Navayuga Engineering Company Limited, Hyderabad. The company received orders worth of Rs 847.34 crore from Navayuga Engineering Company.

Rupee Trade: The Indian rupee was unchanged at 68.71 a dollar in opening trade.

CATCH-ALL MARKET UPDATES
  • Vodafone Idea dips 0.85%
  • YES Bank up over 1%
  • GAIL India dips over 1%
  • Tata Steel slips 0.6%
  • Maruti Suzuki slips 0.5%
  • SpiceJet rises over 2%
  • CG Power dips over 4%
  • Mindtree zooms nearly 1%
  • Federal Bank slips over 1%
  • Strides Pharma falls over 5%
  • Indian Oil Corp gains over 1%
  • Eveready Industries slips over 1%
  • Wipro trades flat ahead of Q1 nos
  • IndiGo trades flat with positive bias
  • HDFC AMC extends gains, up 5%
  • MCX climbs over 4% after Q1 profit
  • Tata Elxsi trades lower after Q1 results
  • Jay Bharat Maruti is trading over 4% lower
  • DCB Bank slips 12% lower on weak Q1 nos
  • Cox & Kings locked in 5% lower circuit on fourth default
  • Jet Airways gains nearly 4% as lenders decide eligibility criteria for bidders
DCB Bank Tanks 14% - DCB Bank shares plunged 14 percent intraday after the lender reported the dismal set of earnings for the quarter ended June 2019. Profit during the quarter grew by 17 percent to Rs 81.1 crore and net interest income increased 11.7 percent to Rs 304.8 crore compared to the year-ago period.

ACC, Ambuja and Shree Cement likely to see volume decline of 4-13%
Cement companies are facing a slowdown in demand, with volumes growing at the slowest pace in six quarters. This comes even as realizations and lower costs have provided some comfort. Demand, which had remained strong in March, has slipped since, in what is usually a good season.


Market News | Rupee | Crude | Oil Prices | Bank Nifty | Top Gainers | Yes Bank
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