Skip to main content

Stock Market News - Sun Pharma, VEDL top gainers, J&K Bank Slumps

Sun Pharma, VEDL top gainers - Sun Pharma, VEDL shares were among the biggest gainers, jumping up to 2%. Powergrid, ONGC shares were among the biggest losers, shedding up to 1%. 

Coffee Day Locked In Upper Circuit -  Shares of the cafe-chain was locked in the upper circuit after it rose as much as 5 percent to Rs 65.80 each. The Bengaluru-based company has restarted talks to sell a stake to Coca-Cola, according to an Economic Times report citing unnamed sources. However, Coca-Cola’s spokesperson refused to comment on the development, the report said.

NEWS ALERT | Axis Bank cuts lending rates by 5-10 bps

CATCH-ALL MARKET UPDATES - 
  • Dabur rises 1%
  • RBL Bank rises 3%
  • Crisil trades 1.6% lower
  • Sundaram Clayton up 1%
  • ICRA trades over 3% higher
  • Dr. Reddy's Lab gains over 2%
  • Sun Pharma trades 1.5% higher
  • M&M trades flat with negative bias
  • DHFL adds 2% during morning deals
  • Westlife Development gains nearly 5%
  • Ujjivan Financial Services under pressure
  • InterGlobe Aviation trades nearly 3% higher
  • Walchandnagar Industries trades 1% higher
  • Brigade Enterprises hits 52-week high; up 7%
  • Oracle Financial Services Software top gainer among the IT pack
Crude Update: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about demand growth.

TOP GAINERS & LOSERS - 
Interglobe Aviation, Sun Pharma, Titan, Indiabulls Housing, UPL, JSW Steel, Dr Reddy's Lab, Cipla, Bajaj Finserv, Axis Bank, Tech Mahindra, Hero Moto, Bharti Airtel, are some of the major gainers on the indices in the early trade, while losers are Unichem Lab, Power Grid, Zee entertainment, Asian Paints and M&M. All the sectoral indices are trading in the green led by the pharma, IT, bank, auto, FMCG, infra and metal.

J&K Bank Slumps After Anti-Corruption Unit Detects Another Fraud Shares of the state-run lender fell for the fourth session in a row after it declined 4.2 percent intraday to Rs 36.60 each. Anti-corruption bureau registered a fresh case in the loan fraud worth over Rs 350 crore in Jammu & Kashmir Bank on Friday and conducted searches at different places in Bengaluru. The stock has declined 36 pe.

Kridhan Infra locked at the upper circuit: Shares of Kridhan Infra locked at 5 percent upper circuit after the company won an order worth Rs 145 crore.

Union Bank of India targets Rs 1,000 crore net profit in FY20 - United Bank of India is aiming at a net profit of around Rs 1,000 crore for 2019-20 fiscal, the state-owned lender's CEO and MD Ashok Kumar Pradhan said. The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottom line of Rs 95 crore, after reporting losses for seven straight quarters. In the April-June period, too, it achieved a net profit of Rs 105 crore.


Market News | Sensex | Bank Nifty | Rupee | Crude | Top Gainers


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. Dariya19 March 2020 at 17:50

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

    ReplyDelete
  3. 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
  4. 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 News - Trade war worries kept base metal prices under pressure in 2019

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...
1 comment
Read more

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20. Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar. NEWS ALERT |  1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM -- Made sure stressed MSMEs are not declared NPAs: FM 2.  PSBs must move more liquidity out in the system: FM -- Together with banks and RBI, we looked at where liquidity was stuck: FM 3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing -- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021. -- VS Parthasarathy will step down as CFO on April 1, 2020 -- Board approves transition of Anand Mahindra's role to Non-executive Chairman.  -- Pawan Goenka re-designated MD & CEO up to November 11, 2020 TOP GAINERS & LOSERS...
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