Skip to main content

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



Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Trade war worries kept base metal prices under pressure in 2019

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...
1 comment
Read more

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20. Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar. NEWS ALERT |  1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM -- Made sure stressed MSMEs are not declared NPAs: FM 2.  PSBs must move more liquidity out in the system: FM -- Together with banks and RBI, we looked at where liquidity was stuck: FM 3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing -- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021. -- VS Parthasarathy will step down as CFO on April 1, 2020 -- Board approves transition of Anand Mahindra's role to Non-executive Chairman.  -- Pawan Goenka re-designated MD & CEO up to November 11, 2020 TOP GAINERS & LOSERS...
4 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more