Skip to main content

Stock Market News - Cipla Falls, Lakshmi Vilas Bank Hits 5%

NEWS ALERT | Fashion retailer 'Forever 21' files for bankruptcy: Reuters


Cipla Falls After U.S. FDA Issues 12 Observations Shares of the pharmaceutical company fell as much as 4.1 percent to Rs 421.55. The U.S. Food and Drug Administration issued 12 observations for the drugmaker’s Goa plant after conducting Current Good Manufacturing Practice inspection between Sept. 16-27, according to its stock exchange filing.

Reliance Nippon Life AMC Rises After Reliance Capital Completes Stake Sale Shares of Reliance Nippon Life Asset Management Company rose as much as 3.4 percent to Rs 274.37. Reliance Capital announced the completion of 21.54 percent stake sale in its mutual fund arm Reliance Nippon Life Asset Management Ltd. to joint venture partner Japan's Nippon Life Insurance for Rs 3,030 crore. 

Indiabulls Group Stocks Decline; Indiabulls Ventures Falls Over 14% Shares of Indiabulls Group stocks extended declines for the second consecutive trading session. This after the Delhi High Court on Friday has agreed to hear a plea seeking probe against Indiabulls Housing Finance Ltd. for allegedly advancing dubious loans, misappropriation, and diversion of funds to the promoters of Indiabulls.

Lakshmi Vilas Bank Hits 5% Lower Circuit For Second Day Shares of Lakshmi Vilas Bank hit their lower circuit of 5 percent for the second consecutive trading session. The Reserve Bank of India put the bank under the Prompt Corrective Action framework. The bank clarified that PCA does not mean moratorium for the bank. There are no restrictions on operations by depositors. Bank can also undertake lending activities to all segments except corporates and other stressed and high-risk sectors.

Top Gainers & Losers -

Cipla, Yes Bank, Vedanta, JSW Steel, and Tata Steel are the top losers on the Nifty. Among sectors, buying seen in the IT and energy space, while auto, bank, metal, pharma are under some pressure.

Rupee Opens: The Indian rupee opened higher by 14 paise at 70.42 per dollar versus Friday's close 70.56.

Crude Update: Oil prices edged higher on Monday, rebounding from a two-week low in the previous session, although gains were checked by concerns about the outlook for the global economy.

Yes Bank shares plunge 6% - Yes Bank shares exteded decline on Monday to tumble more than 6% after Rana Kapoor-led promoter entities cut stake in the bank. Yes Bank shares are down more than 7% to Rs 45.30 on NSE. Yes Capital (India) (YCPL), part of the promoter group of Yes Bank, on Thursday sold a 1.8% stake in the bank.

63 Moons Technologies Gains After Stake Acquisition Shares of 63 Moons Technologies rose as much as 4.9 percent to Rs 133.85. The company completed the sale of 55.35 percent stake in Atom Technologies to NTT Data. The company continues to hold 36 percent stake in Atom Technologies and will have one-third representation on board as well.


Market News | Opening Bell | Sensex | Bank Nifty | Crude | Gold | Indian Rupee
Labels:

Comments

  1. Riya3 October 2019 at 18:19

    MMFS STOCK OPTION BUY PEL 1500 PE ABOVE 112 TGTS 117-122-127 SL AT 104 LS 302
    STOCK OPTION BUY CALL OF PEL 1500 PE ACHIEVED FINAL TGT BOOK FULL PROFIT @127
    Two Days Free Trial

    ReplyDelete
  2. Riya21 November 2019 at 17:07

    MMMFS STCOK OPTION BUY IBULHSGFIN 220 CE ABOVE 21 TGTS 23-25-27 SL AT 17.80 LS 800
    STOCK OPTION BUY CALL OF IBULHSGFIN ACHIEVED TGT2 BOOK SOME PROFIT @25
    Stock Option Tips

    ReplyDelete

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more