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Stock Market News - VEDL, Tata Motors down 5%, Reliance Industries Falls

VEDL, Tata Motors down 5% - The Sensex is down 452 points to points down at 36,655, while the Nifty is trading near the 10,850-mark. VEDL, Tata Motors shares are among the biggest losers, shedding more than 5% each. Infosys, TCS, and HDFC are the only shares trading in the green on Monday morning.

NEWS ALERT | Lupin gets EIR from US FDA for Aurangabad facility: BSE Filing
ALERT: The unit is involved in the manufacture of Oral Solid Dosage, Oral Liquid and Powder for Oral Suspension products for the US market.

Reliance Industries Falls On Credit Suisse's Downgrade - Shares of Reliance Industries fell as much as 3.4 percent, the most since May 9, to Rs 1,143.55. Brokerage and research firm Credit Suisse downgraded to ‘Underperform’ from ‘Neutral’ and cut price target to Rs 995 from Rs 1,350.

MARKET ALERT | India 10-Yr bond yields opens at 6.33% vs the previous close of 6.35%

Sun Pharma trades nearly 2% lower-- Drug major Sun Pharma on Saturday said it is discontinuing operations at two clinical pharmacology units in Vadodara (Gujarat) to bring in efficiencies in cost and processes.

InterGlobe Aviation trades 1% lower-- Markets regulator Sebi is scanning InterGlobe Aviation Ltd’s shareholders’ agreement (SHA) to check for any violation of the rights of minority investors and individual shareholders, according to media reports.

JK Cement trades flat with positive bias -- Profit jumps to Rs 153.8 crore versus Rs 49.3 crore, revenue rises 19 percent to Rs 1,328 crore versus Rs 1,115.6 crore YoY.

Rupee opening -- Rupee opens weaker at 70.14/$ vs Friday's close of 69.58 against the US dollar Rupee opens at lowest level against the dollar since May 17

Global Market | Wide-spread sell-off across Asian markets - Hong Kong and Japan's indices down over 2% each

CATCH-ALL MARKET UPDATE  - 
  • TCS trades higher
  • Vedanta slips in trade
  • DHFL tanks over 7%
  • J&K Bank dips over 6%
  • Suntech Realty slips 2%
  • ITC dips post Q1 results
  • ICICI Bank slips in trade
  • Indiabulls Real Estate slips 4%
  • Bata trades flat with negative bias
  • Jindal Steel & Power slips over 4%
  • SBI dips 4% during Opening Trade

Maruti Suzuki Falls - After On Report Sending Employees On Leave Shares of India’s largest carmaker fell as much as 2.8 percent to Rs 5,528. The company sent nearly 10 percent of its contract workforce at its Gurugram, Haryana plant on a leave without pay, according to a person aware of the decision, as its sales tumbled the most in seven years last month.

Nestle India Gains After Q1 Results -  Shares of Nestle India rose as much as 4.7 percent to Rs 11,490 after the company announced its quarterly results for the three months ended June.

Oil prices drop: Oil prices fell on Monday amid concerns about weaker crude demand after U.S. President Donald Trump said he would impose tariffs on more Chinese imports, potentially ramping up a trade war between the world’s two largest economies.


Market News | Bank Nifty | Sensex | Rupee | Crude | Lupin | Reliance




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