Skip to main content

Stock Market News - Tata Motors gains 4%, YES Bank jumps 5%

Tata Motors gains 4%: the Share price of Tata Motors rose 4.5 percent on September 11 after company's retail sales in China continued to recover (up 17.4% year-on-year) as the company's local turnaround plan gathered momentum.


Yes Bank, Tata Motors top gainers - Yes, Bank, Tata Motors, VEDL shares were among the biggest gainers, surging up to 5%. Infosys, Kotak Mahindra Bank emerged among the biggest losers, shedding up to 1%.

NEWS ALERT | 

1.  Essel Group completes 1st tranche of stake sale of ZEE Entertainment Enterprises to Invesco Oppenheimer: BSE filing

-- The 1st tranche of the transaction comprising the sale of 8.7% stake in ZEEL has been successfully concluded

-- The Group is confident of completing the balance sale of 2.3% stake over the next few days, the filing said.

-- The Group is also working actively on further divestments including its non-media assets and remains confident to complete the same

Alert: The Group had entered into an agreement to sell up to 11% promoter stake in ZEEL to the Fund.

2.  Strides Pharma Science acquires a majority stake in Farmed Healthcare AG: BSE Filing

3.  YES Bank gains 5% in morning trade on reports Rana Kapoor looks to sell a stake to PayTm

4.  L&T Oman bags order in the range of Rs 1,000-2,500 cr: BSE filing

Crude Update: Oil prices rose on Wednesday after an industry report showed that crude stockpiles in the US fell last week by more than twice the amount that analysts had forecast.

Rupee Opens: The Indian rupee slipped in the early trade on Wednesday. It opened lower by 14 paise at 71.84 per dollar versus Monday's close 71.70.


Yes Bank, Tata Motors, Tech Mahindra, Tata Steel, JSW Steel, Hindalco, SBI, Sun Pharma, L&T, Axis Bank, Coal India are among major gainers on the indices, while losers are BPCL, IOC, HPCL, Gail India, Infosys, Wipro, and Ashok Leyland. On the sectoral front, buying seen in the metal, auto, pharma, bank, and infra, while energy and IT sectors are marginally lower.

  • Wipro trades lower
  • Ashok Leyland dips 3%
  • Tata Motors rises over 3%
  • Glenmark Pharma gains over1%
  • Strides Pharma trades in the green
  • RBL Bank trades nearly 3% higher
  • Indiabulls Real Estate gains over 1%
  • Meghmani Organics trades 3% higher
  • Reliance Nippon Life Asset Mgt slips 4%
  • Hindustan Petroleum Corp trades 0.7% lower

L&T bags order: The buildings and factories business of L&T Oman has been awarded the main works contract of The Mandarin Oriental, Muscat by Eagle Hills, Muscat.

YES Bank jumps 5%: YES Bank rallied over 5 percent on 11 September largely on reports which suggest that Yes Bank’s Rana Kapoor is in talks with Paytm to sell his stake in the bank he co-founded.

Sensex | Market News | Top Gainers | Crude Oil | Rupee | Gold Prices | Auto Sector

Labels:

Comments

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