Skip to main content

Stock Market News - Affle India Jumps 27%, Tata Steel down

Tata Steel Worst Performer On Sensex, Nifty - Shares of Tata Steel fell as much as 4.1 percent to Rs 366.25 after the company announced its quarterly results for the three months ended June. The stock was the worst performer on Sensex and Nifty.


Block Deal Alert: ICICI Bank About 10 lakh shares of ICICI Bank changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

NEWS ALERT | Affle (India) listing today. IPO price at Rs 745 per share - Affle India listed at a premium of 24.3 percent at Rs 926 per share on the National Stock Exchange, compared to its issue price of Rs 745. The stock rose as much as 28.7 percent thereafter.

Oil check - At 8:23 am, Brent Crude Futures were at $57.73 per barrel, up 2.67 percent.

Rupee check - The rupee edged lower by 8 paise and closed at 70.89 against the US dollar.

Maruti cuts production by 25% for the sixth consecutive month in July - Maruti Suzuki India cut its production in July by 25.15 percent, making it the sixth month in a row that the country's largest carmaker reduced its output, according to a regulatory filing. The company produced a total of 1,33,625 units in July, compared with 1,78,533 units in the year-ago month, Maruti Suzuki India (MSI) said in a BSE filing.

CATCH-ALL MARKET UPDATES - 
  • India VIX declines 6%
  • Maruti slips over 0.50%
  • Siemens jumps 4% on 21% rise in consolidated net
  • Page Industries trades lower ahead of Q1 results today
  • Aurobindo Pharma up 3% on 40% rise in June quarter profit
  • Tata Steel dips 2% after falling to meet street expectations in terms of profit in June quarter

TOP GAINERS & LOSERS

Indiabulls Housing, Eicher Motors, Adani Port, IOC, HPCL, BPCL, Yes Bank, Hero Motocorp, HCL Tech are among major gainers on the indices in the early trade, while losers include Tata Steel, Cipla, Grasim, Maruti Suzuki, Coal India, ONGC and Asian Paints. Among sectors, except metal other indices are trading higher led by the IT, auto, bank, infra, energy, pharma and FMCG.

HCL Tech Best performer On Sensex, Nifty Shares of HCL Technologies rose as much as 4.8 percent, the most in nearly nine months, to Rs 1,071 after the company announced its June quarterly results.

Adani Gas Q1 net profit grows 44 pct to Rs 79 crore - Adani Gas on Wednesday reported a 44% year-on-year (y-o-y) growth in net profit to `79.31 crores for the April-June quarter of 2019, led by an increase in sales volume and improved operating margins. The sales volume for the June quarter grew 9% on-year to 137 million metric standard cubic meters per day(mmscmd) on the back of strong growth in both piped natural gas (PNG) and compressed natural gas (CNG) segments.

YES Securities on M&M - The company is seeing some green shoots in the form of good monsoons, lower interest rates, some resolution of NBFC crisis, festive season and an expected pre-buy. The segment will see gyrations due to BS-VI norms from April 2020 wherein inventory management will become critical. 


Market News | Bank Nifty | Intraday Trading | Equity Shares | Crude | Gold 




Labels:

Comments

  1. Dariya29 February 2020 at 12:08

    nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our Mutual funds

    ReplyDelete
  2. Dariya9 June 2020 at 14:59

    nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our
    Sensex.

    ReplyDelete
  3. Dariya18 September 2020 at 14:12

    Really best information ! useful to everyone thanks for sharing
    Sundaram Mutual Fund
    Sundaram Bluechip Fund
    Nifty 100 TRI


    ReplyDelete

Post a Comment

Popular posts from this blog

Stock Market Update - Avanti Feeds Gains, Tata Group Stocks Trade Mixed

Orient Electric Halts Two-Day Gaining Streak, Shares Fall 6% Shares of Orient Electric fell as much as 5.7 percent to Rs 184.05, halting a two-day gaining streak. The stock advanced 21 percent in the past 12 months compared to a 14 percent gain in the Sensex. Tata Group Stocks Trade Mixed After NCLAT Order Shares of the Tata Group companies traded mixed after the National Company Law Appellate Tribunal ruled that his dismissal as chairman of Tata Sons Ltd. was illegal. While restoring him to his original position as executive chairman of the Tata Group’s holding company, the NCLAT held that the resolution by Tata Sons board removing Mistry was illegal. Essel Propack Surges 16% To Record High Shares of Essel Propack rose as much as 16 percent, the most since Jan. 28, 2019, to hit an all-time high at Rs 175.45. Trading volume was more than seven times its 20-day average, Bloomberg data showed.  The Relative Strength Index was above 70, indicating that the stock may...
4 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more

Share market updates: Sensex falls 200 points, Nifty open lower at 10,850;Eicher Motors down 5%

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...
Post a Comment
Read more