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Stock Market News - RIL, Infosys shares up, NTPC rallies 6%

RIL, Infosys shares up -  ONGC, NTPC shares were among the biggest gainers, jumping up to 5%. RIL shares are trading marginally higher ahead of the commercial rollout of Jio Giga Fiber today.


NEWS ALERT | 
  • Total North America orders for August Class 8 Trucks at 10,414 units, up 6% MoM: CNBC TV18-- Orders down 80% YoY
  • US Dept Of Justice moves to block Aleris acquisition by Hindalco's arm Novelis: CNBC TV18-- Novelis intends to vigorously defend against DoJ's challenge: Hindalco -- Company is confident of closing the transaction By Jan 21, 2020
  • Aditya Birla Capital approved to raise equity capital aggregating to Rs 21,000 million through preferential issue of equity shares.
Crude Update: Oil prices fell on Thursday, giving up some of the strong gains of the previous session, after an industry report showed U.S. crude stockpiles rose last week, against analyst expectations of a decline.

Rupee Opens: The Indian rupee opened higher by 26 paise at 71.86 per dollar on Thursday versus the previous close of 72.12.

TOP GAINERS & LOSERS - 

Reliance Industries, Vedanta, Tata Steel, JSW Steel, ONGC, NTPC, Axis Bank, IOC, and M&M are among major gainers on the indices in the early trade, while losers are ICICI Bank, HDFC, BPCL, Maruti Suzuki and Bharti Airtel. All the sectoral indices are trading higher led by the metal, energy, infra, auto, bank and IT. Midcap and smallcap indices trading with marginal gains.

Credit Analysis and Research Limited (CARE Ratings) has reaffirmed CARE BBB+ and CARE A3+ rating on the long term and short term bank facilities of the Transformers and Rectifiers.

CATCH THE ALL MARKET UPDATES - 
  • NTPC rallies 6%
  • ONGC gains 5%
  • Wipro gains 0.5%
  • Power Grid adds 2%
  • Axis Bank up 0.85%
  • Hubtown rises over 4%
  • Jet Airways trades flat
  • NMDC up over a percent
  • Prestige Estate Projects dips 2%
  • Punjab National Bank up over 1%
  • Reliance Industries trades in the green
  • Hindustan Petroleum gains 1 percent
  • Shankara Building Products trades in the red
  • Motherson Sumi System trades over 2% higher
  • Coffee Day Enterprises locked in 5% lower circuit

Monsoon revival pulls down farm commodity prices, kharif recovery seen- 
Revival in rainfall this monsoon season has pulled down the prices of agricultural commodities during the past three days on expectations of a recovery in kharif output and favourable climatic condition for the rabi harvest for 2020.

The benchmark Agri Index (NKrishi, earlier known as Dhaanya) of the National Commodity and Derivatives Exchange (NCDEX) declined by over one percent on Wednesday following incessant rainfall across the country over the past two days. The index has posted around 2.5 percent slump in the first three days of September, posing a risk of a further decline in farm prices.

Elecon Engineering locked at 10% upper circuit: Share price of Elecon Engineering Company locked at 10 percent higher circuit on September 5 after company won an arbitration award against BGR Energy Systems.

Aditya Birla Capital approved to raise equity capital aggregating to Rs 21,000 million through preferential issue of equity shares.

United Bank falls 3% on deferring amalgamation talks with PNB: Shares of United Bank of India declined nearly 3 percent on September 5 after the bank decided not to discuss amalgamation with Punjab National Bank (PNB) on September 6 board meeting.


Market News | Sensex | Bank Nifty | Top Gainers | Gold | Indian Rupee



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