Stock Market News - Yes, Bank, SBI top gainers, Cupid gains 6%

Yes, Bank, SBI top gainers-  The Sensex is up 400 points to 37,102 while the Nifty is trading near the 11,000-mark. Yes Bank, SBI is among the biggest gainers, jumping up to 4.5%. Yes Bank, SBI is among the biggest gainers, jumping up to 4.5%.  

NEWS ALERT | 

1. L&T Power bags order in the range of Rs 1,000-2,500 cr from NTPC in Madhya Pradesh

2.  The market is at record oversold level: Atul Suri to CNBC TV18

-- Quality stocks will matter in this environment

-- Doubt that short-covering rallies will reverse the market course

3.  A new announcement will improve the demand sentiment: Eicher Motors to CNBC TV-18

--Rural demand should be supported by normal monsoon;

-- Increased govt spending on infra would boost demand

Rupee Opens: The Indian rupee slipped in the early trade on August 26. It opened lower by 32 paise at 71.98  per dollar against previous close 71.66.

TOP GAINERS & LOSERS - 

HDFC, HDFC Bank, UCO Bank, Canara Bank, IndusInd Bank, Indiabulls Housing, Yes Bank, Adani Port, Eicher Motors, are among major gainers on the indices, while losers are Infosys, Tata Steel Vedanta, Hindalco, and TCS. Among sectors, except IT and metal all indices are trading in the green led by the PSU bank, auto, energy, infra, and FMCG.

Oil Update: Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the US-China war knocked confidence in the global economy.

Cupid gains 6% on order wins: Shares of Cupid gained 6.6 percent on August 26 after the company won order worth Rs 4.95 crore. The company received orders worth Rs 4.95 crore from the United Nations Population Fund for supplying condoms to Angola, according to an exchange notification. The stock declined 58 percent in the past 12 months compared to a 3.9 percent fall in Sensex.

IndiGo Gains After Gangwal Flags Truce With Co-Founder Shares of the country’s largest airline rose 2.6 percent to Rs 1,687.95 each, its highest price in over two months. Rakesh Gangwal said he will support company proposals at a shareholder meeting scheduled today to expand its board after an agreement on policy changes. Also, the board approved the appointment of Meleveetil Damodaran as an independent director.

CATCH THE ALL MARKET UPDATES - 

• SBI gains 4%
• Vedanta slides 5%
• DHFL gains 4.5%
• CG Power slips 1%
• CG Power slips 1%
• YES Bank gains 4%
• Infosys trades lower
• Jet Airways dips 5%
• M&M gains in trade
• Zee Media adds 3%
• IndiGo rises over 1%
• Bajaj Finance gains 3%
• Sunteck Realty dips 2.3%
• Indian Oil Corp trades lower
• Indian Overseas Bank rises 7%
• Lupin trades marginally higher
• Central Bank of India soars over 8%
• Tata Steel slips on weak global cues
• Procter & Gamble Hygiene slips over 4%
• Tata Motors gains during morning deal
• IndusInd Bank hits a 52-week low in an otherwise strong market

L&T bags order from NTPC: Share price of Larsen & Toubro added nearly 2 percent on August 23 after the company won an order from NTPC.

SOURCE

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