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Stock Market News - Avenue Supermarts Falls, NBCC dips over 5%

Dewan Housing Finance Corporation said in BSE release that its payment obligations falling due in the immediate future, may not be met as per their existing schedule.


Avenue Supermarts Falls After Block Deals - Shares of Avenue Supermarts fell as much as 1.5 percent to Rs 1,408. About 62 lakh shares of the company changed hands in two block deals on BSE, Bloomberg data showed. While buyers and sellers were not known immediately, Promoter Radhakishan Damani had planned to sell 1 percent stake or 62.3 lakh shares in the operator of D-Mart supermarket chain, according to a stock exchange filing dated Aug. 7. The sale, which began today, will end on Sept. 14.

NEWS ALERT | YES Bank QIP closed; Bids worth $750-800 million received: sources to CNBC TV18 -- Domestic MFs, Global Long Only Funds key investors

Rupee opening - Rupee opens higher at 70.55/$ vs Thursday's close of 70.69 against the US dollar

CATCH-ALL MARKET UPDATES - 
  • Navkar Corp gains 15%
  • RBL Bank gains 2%
  • Shriram Transport up 3%
  • Power Grid rises 2.6% 
  • Infibeam Avenues gains 5%
  • Tata Motors slips over 1%
  • HDFC Bank lifts indices
  • IDFC First Bank gains 2%
  • Procter & Gamble slips over 1%
  • SAIL trades flat with positive bias
  • Hexaware Technologies gains 4%
  • Tata Chemicals gains nearly 6%
  • Sun Pharma trades flat; gains 0.4%
  • Coffee Day Enterprises hits 5% lower circuit
  • Page Industries slip 4% after PAT tanks 11% in Q1
  • Indiabulls Housing Finance zooms 9%
  • Reliance Capital climbs 3% after co rejects previous auditors' allegations
Avenue Supermarts slips over 1% on block deal - 68.3 lakh shares trade on NSE and BSE at an average price of Rs 1,411 apiece

NBCC dips over 5% - Consolidated net profit slipped 37.9 percent YoY to Rs 51.46 crore in Q1 June 2019 over Q1 June 2018.

Mahanagar Gas gains 1.6% -- Net profit rose 32.66 per cent to Rs 170.24 crore on 22.55 per cent rise in total income at Rs 777.83 crore for June quarter.

Jamna Auto Declines On Production Changes, Ahead Of Results Shares of Jamna Auto Industries fell as much as 1 percent to Rs 39.50. The company has made changes in the production schedule for all its plants. The plants may not run or partially run on all working days in August and shall carry out routine maintenance and cleaning during non-working days.

TOP GAINSERS & LOSERS - 

Hexaware, Tata Chemical, Mahanagar Gas, UltraTech Cement, Endurance, UPL, Bajaj Finserv, Indiabulls Housing, Yes Bank, are among major gainers on the indices in the early trading, while losers are DHFL, Tech Mahindra, BPCL, HPCL and Page Industries. Among sectors, except IT other indices are trading positive led by the bank, auto, energy, infra, metal, and pharma.

Endurance Technologies Jumps The Most In Nearly Three Months Shares of Endurance Technologies rose as much as 17 percent, the most since October 2016, to Rs 869. The company, which had decided to manufacture tires for two- and three-wheeler makers, had called off the plans, according to its stock exchange notification. The stock hit a lower circuit of 20 percent in yesterday’s trade. 


Market News | Rupee | Bank Nifty | Top Gainers | DHFL
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