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Stock Market News - Yes Bank, Bajaj Finance top gainers, Coffee Day Gains

Yes Bank, Bajaj Finance shares were the biggest gainers, jumping up to 2.5%. Oil prices extended their losses from the previous session on Wednesday after Saudi Arabia’s energy minister said the Kingdom will restore lost oil production by the end of the month. 


Bajaj Finance Gains On Fund Raising Plans Shares of Bajaj Finance rose as much as 2.4 percent to Rs 3,447.90. The company plans to raise up to Rs 8,500 crore through qualified institutional placement by issuing equity shares, according to its stock exchange filing.

Coffee Day Gains After Selling Bengaluru Park Shares of Coffee Day Enterprises rose as much as 4.9 percent to Rs 76.35. Blackstone Group and Salapuria Sattva Group have agreed to acquire the company’s Global Village Tech Park in Bengaluru. The acquisition would take place at an enterprise value of around Rs 2,700 crore in two tranches. The first tranche is expected to be transferred before Oct 31, while the deal would be subject to conditions, including regulatory approval.

Ahluwalia Contracts wins orders: Shares of Ahluwalia Contracts India added over 6 percent on September 18 after the company secured new order of Rs 407 crore for construction of Medical College (Civil Works) at village Koriyawas in Mohindergarh Distt. Rewari (Haryana) and other orders aggregating to Rs 90.36 crore (approximately).

Rupee Opens: The Indian rupee opened higher by 28 paise at 71.50 per dollar on Wednesday against previous close 71.78.

Crude Update: Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Gold Update: Gold prices were little changed on Wednesday as investors maintained a cautious stance ahead of the conclusion of U.S. Federal Reserve’s two-day meeting, where policymakers are expected to cut interest rates.

TOP GAINERS AND LOSERS  - 

Indian Hotels, Lemon Tree Hotels, HPCL, Graphite India, Jubilant Life, Wockhardt, NCC, IOC, BPCL, Yes Bank, Hero Moto, Eicher, Indiabulls Housing, Bajaj Finance are among major gainers on the indices, while losers are Britannia and UPL. On the sectoral front, buying seen in the auto, oil &gas, metal, pharma, energy, and infra, while FMCG and IT indices are trading lower.


Market News | Share Market | Bank Nifty | Gold | Crude | Rupee


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