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Stock Market News - Tata Motors, Tata Steel top gainers,Bank of Baroda gains

Tata Motors, Tata Steel top gainers - Tata Motors, Tata Steel, SBI were among the biggest gainers, jumping up to 2.5%. Infosys, HCL Tech was among the losers, shedding more than 1% each.


NEWS ALERT | 

1.  RBI surplus to be spent as per budgetary process: DEA to CNBC TV18
-- Surplus to flow into consolidated funds of India

-- To be spent on Capex, Revenue Expenditure

2. Reliance Nippon Life up 2% as Nippon Life Insurance Company acquires additional 64,815,152 equity shares

3. Metal stocks trade with gains as Trump says US and China to resume trade talks

4. Bank of Baroda gains on a report that it may buy out assets worth around Rs 6,000 crore from NBFCs this quarter

Reliance Nippon Gains After Japanese Promoter Ups Stake Shares of the asset management firm rose as much as 3.1 percent to Rs 258.80 apiece. Nippon Life Insurance increased its stake by 10.59 percent to 53.46 percent., according to an exchange filing. Nippon will continue to run the company and its operations without any change in its structure and management, the filing added.

Small Finance Banks Gain After Report Of Relaxation Of Promoter Holding Norms Shares of parent firms of small-finance lenders gained after Reserve Bank of India may allow promoters to offload their holding fully after five years, according to an Economic Times report, citing unidentified sources. Shares of Equitas Holdings rose 6.7 percent, the biggest intraday rally in five months, to Rs 11.90 each. Shares of Ujjivan Financial Services surged 7.9 percent to 296.85 each.

CATCH THE ALL MARKET UPDATES - 
  • DLF dips 1%
  • SAIL rises 2%
  • BHEL jumps 5%
  • Dish TV slips 3%
  • Tata Steel up over 2%
  • Jet Airways adds 5%
  • CG Power dips 4.6%
  • DHFL jumps over 7%
  • Infosys dips nearly 2%
  • Bank of Baroda rises 4%
  • Ruby Mills rallies over 8%
  • Ashok Leyland adds over 4%
  • United Breweries trades lower
  • NBCC trades over 7% higher
  • HDFC Life trades 2% higher
  • Uttam Sugar surges over 5%
  • Reliance Nippon Life adds 2%
  • Ultratech Cement adds over 2%
  • Britannia trades over 3% higher
  • Piramal Enterprises trades 2% higher
  • Ujjivan Financial Services rising higher
  • Reliance Industries contributing towards early gains

Rupee surges 32 paise to 71.70 against US dollar in early trade
The currency settled at 72.02 to the US dollar, the lowest closing level since November 14, 2018, even as equities spurted more than 700 points at close on stimulus measures.

UPL Gains After JP Morgan Initiates Coverage Shares of the agrochemicals maker rose 3.7 percent to Rs 569.95, its highest price in three weeks. Brokerage firm JP Morgan initiated its coverage on the stock with an ‘Overweight’ rating. It also fixed the target price at Rs 700, indicating a potential upside of 27.3 percent from the previous close.


Share Market | Bank Nifty | Rupee | Crude | Gold Prices | Top Gainers | RBI | Reliance
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Comments

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