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Stock Market News - ITC, HDFC Bank top gainers, Biocon falls

Infosys, TCS Worst Performers On Sensex, Nifty Shares of Infosys and Tata Consultancy Services were the worst performers on Sensex and Nifty. The Bengaluru-based software developer fell as much as 4.4 percent, the most in over five months, to Rs 767.70, while the country’s largest information technology firm fell as much as 3.5 percent to Rs 1,994.20.


Coffee Day Ent falls 5% -- The GST panel has approved proposal to hike rates on caffeinated drinks from 18 percent to 28 percent, plus an additional 12 percent compensation cess.

Dr. Reddy Labs slips over 3% - Dr. Reddy’s Laboratories Ltd on Sunday said that it is suspending supply of its drug Ranitidine worldwide as a precautionary measure, following the ongoing probe by the US Food and Drug Administration (FDA) into the reported impurity N-nitrosodimethylamine in it at low levels.

TOP GAINERS & LOSERS - 

Britannia Industries, ITC, L&T, IndusInd Bank and Eicher Motors are among major gainers on the Nifty, while losers on the indices are Reliance Capital, Cox & Kings and Ruchi Soya. Except IT, all other indices are trading higher led by the FMCG, infra, auto, bank, metal, and energy.

Rupee Opens: The Indian rupee slipped in the early trade on Monday. It opened lower by 10 paise at 71.04 per dollar versus Friday's close 70.94.

ITC, HDFC Bank top gainers - L&T, ITC, IndusInd Bank, M&M were the biggest gainers in Sensex, jumping up to 8%. Infosys, Tech Mahindra were among the only losers in the index.

Biocon falls after 8 observations from USFDA: Shares of Biocon declined more than 1 percent on September 23 after the company received eight observations from USFDA.

SOURCE

Market News | Bank Nifty | Rupee \ Gold 
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