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Stock Market News - LIC Housing Finance Falls, Yes Bank, ITC top gainers

LIC Housing Finance Falls The Most In Nearly A Year - Shares of the non-banking lender declined as much as 7.6 percent, its biggest intraday slide since September last year. to Rs 428.35 each. Around 6.7 percent or 3.4 crore shares changed hands in seven block deals, according to Bloomberg data. 


Buyers and sellers were not known immediately. Bloomberg earlier reported an undisclosed institutional shareholder of the company has sought to raise between $200-211 million through an offering of about 3.37 crore shares, according to terms for the deal obtained by Bloomberg. The offering will be at priced between Rs 425.15-449.50 per share, the report added.

Yes Bank, ITC top gainers - Yes Bank, ITC were among the biggest gainers, jumping up to 2%. Tata Steel, HCL Tech were among the biggest losers, shedding up to 1.7%.

NEWS ALERT | 

1. Biocon's Malaysia insulin glargine manufacturing facility receives EU GMP certification

2. L&T Hydro bags order in the range of Rs 2,500-Rs 5,000 cr from Saudi Aramco

3. 6.2% equity of LIC Housing exchanged

Rupee Opens: The Indian rupee opened flat at 71.56 per dollar on Thursday versus previous close 71.55.

CATCH THE ALL MARKET UPDATES - 
  • DHFL sheds 4%
  • DLF cracks over 13%
  • Vedanta cracks over 2%
  • Maruti Suzuki trades lower
  • Oberoi Realty slips over 3%
  • Indiabulls Ventures dips 6%
  • Exide Industries slips nearly 2%
  • Reliance Naval & Engg down 5%
  • SBI trades flat with negative bias
  • NMDC continues to trade lower
  • Punjab National Bank dips over 1%
  • Hathway Cable & Datacom zooms 16%
  • Indiabulls Housing Finance dips over 5%
  • Monte Carlo Fashions trades higher on the BSE
  • Britannia Industries reverses losses; trades 4% higher
  • Lakshmi Vilas Bank tumbles as Indiabulls stocks fall
  • Coffee Day Enterprises continues to gain 5% for third-straight day

Metal stocks crack; index down over 1% -- SAIL, Coal India, National Aluminium Co, Tata Steel, Hindustan Copper hit a 52-week low

TOP GAINERS & LOSERS -  Yes Bank, Britannia, Dr. Reddy's, ITC, Sun Pharma and M&M are some of the gainers in the early trade on the Indices, while losers include LIC Housing, Indiabulls Housing, JSW Steel, Tata Steel, Hindalco, Vedanta, Axis Bank, IndusInd Bank, and ICICI Bank. Among sectors, except pharma and FMCG other indices are trading lower led by the metal, auto, energy, infra and IT.

L&T Rises After Winning Aramco Order - Shares of the infrastructure developer snapped its two-day fall and rose 1.3 percent to Rs 1,327.45 each. The company said a consortium including L&T Hydrocarbon Engineering bagged a ‘Large’ Engineering, Procurement, Construction, and Installation order from Saudi Aramco, in an exchange filing. L&T classifies contracts worth Rs 2,500-5,000 crore as ‘Large’.

DLF Slumps Nearly 20% - Shares of the property developer plunged as much as 19.4 percent to Rs 138.30 each, its lowest price in over two years. The Supreme Court has issued a notice to the company based on a petition that highlighted how DLF had suppressed key information from shareholders, according to a Businessline report. 

Oberoi Realty falls nearly 5%: Shares of Oberoi Realty declined nearly 5 percent in the early trade on August 22 after the company gave confirmation about search operation by Income Tax authorities at company's premises.


MARKET NEWS | SHARE MARKET | TOP GAINERS | RUPEE | LIC | BANK NIFTY

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