Skip to main content

Stock Market News - VEDL, Yes Bank top gainers, Kaveri Seed rises 3%

VEDL, Yes Bank top gainers - The Sensex was down 100 points to 37,023.14 while the Nifty was trading below the 11,000-mark at 9.20 am. VEDL, Yes Bank shares emerged among the biggest gainers in the index, jumping up to 2%.  Oil futures shed some of their massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure. 


While equity market losses have not been large, the shaky investor confidence continues to support safe-haven assets, with gold edging higher on Tuesday and Treasury prices rising, Reuters reported.

CG Power Locked In Upper Circuit Shares of the Mumbai-based power equipment maker rose 5 percent intraday to hit an upper circuit of Rs 15.65 each. KKR Group acquired a 10 percent stake in the company for Rs 89 crore via open market transactions, according to an exchange filing. Seller for these shares for the company’s publish shareholder Vistara ITCL, which held a stake of 21.63 percent for June quarter.

Gold Update: Gold gained 1 percent on Monday after attacks on oil facilities in Saudi Arabia fueled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets.

MARKET NEWS - 

1. Bharti Airtel begins talks to sell stake in merged Co of Bharti Infra & Indus Towers: sources to CNBC TV18
-- ATC, Brookfield interested parties in buying a stake

-- Bharti Airtel hopes to fetch $3.2-3.5 billion

-- Talks at the initial stage, to be taken forward post-merger completion of Bharti Infra-Indus

Alert: Bharti Airtel to hold 37.2% in the merged entity

2.  Corporation Bank's board of directors has given in-principle approval for the amalgamation of the Corporation Bank into Union Bank of India.

Rupee Opens: The Indian rupee opened lower by paise 23 at 71.82 per dollar on Tuesday versus previous close 71.59.

Glenmark Pharma gets Orphan Drug Designation for GBR 1342: The US Food and Drug Administration (FDA) has granted Orphan Drug Designation to its bispecific antibody candidate GBR 1342 for the treatment of patients with multiple myeloma who have received prior therapies.

TOP GAINERS & LOSERS - 

Titan, Bharti Airtel, Yes Bank, Kaveri Seed, SAIL are some of major gainers on the indices, while losers are STC, MMTC, Indiabulls Housing, BPCL, IOC and HCL Tech. Among sectors, auto, FMCG, metal, and pharma are trading higher, while selling seen in the energy, bank, infra and IT.

Kaveri Seed to consider buyback: Share price of Kaveri Seed Company added more than 2 percent on September 17 as meeting of the board of directors of the company will be held on September 24, 2019, to consider a proposal for buyback of fully paid-up equity shares of the company, quantum & mode of buyback and other matters incidental thereto, as per BSE release.


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



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