Stock Market News -Cipla Extends Decline; Tata Steel Gains

Cipla Extends Decline; Shares Fall 7% Shares of Cipla extended declines for the second consecutive trading session and fell as much as 6.7 percent to Rs 393.70. Trading volume was more than three times its average, Bloomberg data showed. Of the shares traded, 42 percent were at the asking price and 33 percent were at the bid.

Piramal Enterprises Swings After Falling In the Last Three Trading Sessions Shares of Piramal Enterprises fluctuated between gains and losses to trade 0.4 percent higher at 1,376. The stock had declined in the last three trading sessions, falling 14 percent during the period. Of the shares traded, 45 percent were at the asking price and 35 percent were at the bid, Bloomberg data showed.

Tata Steel Gains After Sharing Quarterly Updates Shares of Tata Steel rose as much as 3.6 percent to Rs 341.95. The company’s crude steel production increased 4.65 percent to 4.5 million tonnes in the second quarter ended Sept. 30 as against 4.3 MT in the corresponding quarter in the last financial year.

The crude steel production also includes numbers from Tata Steel BSL and Tata Steel Long Products, without eliminating inter-company transactions.

TCS Worst Performer On Sensex, Nifty, Shares Fall 4% Shares of the country’s largest technology company fell as much as 3.9 percent, the most in over two weeks, to Rs 1,925. Most analysts cut their target price for Tata Consultancy Services after its margin narrowed to the lowest in nine quarters.

Bandhan Bank, Gruh Finance Jump 20% Shares of Bandhan Bank and Gruh Finance hit their upper circuit of 20 percent at Rs 608.30 and Rs 305.50 respectively.

The MSCI has announced the addition of Bandhan bank to MSCI India large-cap index, Motilal Oswal Financial Services said in a tweet. The combined free-float market capitalization of Bandhan Bank will increase to above $2.5 billion after its merger

Rupee at one-week high opens 24 paise up at 70.83 per dollar - The Indian rupee opened 24 paise higher at 70.83 per dollar on October 11 and rose to a one-week high at 70.81 as the greenback weakened against its global peers.

Suzlon Energy Jumps 15% Shares of Suzlon Energy rose as much as 14.9 percent to Rs 2.70. The company has found a new suitor even as a rescue plan of Canada’s Brookfield Asset Management Inc. faltered, Mint reported quoting Founder and Chairman Tulsi Tanti.

The stock declined 52 percent in the past 12 months compared to a 13 percent advance in the Sensex.

SOURCE

Comments

Stock Market Update - Avanti Feeds Gains, Tata Group Stocks Trade Mixed

Orient Electric Halts Two-Day Gaining Streak, Shares Fall 6% Shares of Orient Electric fell as much as 5.7 percent to Rs 184.05, halting a two-day gaining streak. The stock advanced 21 percent in the past 12 months compared to a 14 percent gain in the Sensex. Tata Group Stocks Trade Mixed After NCLAT Order Shares of the Tata Group companies traded mixed after the National Company Law Appellate Tribunal ruled that his dismissal as chairman of Tata Sons Ltd. was illegal. While restoring him to his original position as executive chairman of the Tata Group’s holding company, the NCLAT held that the resolution by Tata Sons board removing Mistry was illegal. Essel Propack Surges 16% To Record High Shares of Essel Propack rose as much as 16 percent, the most since Jan. 28, 2019, to hit an all-time high at Rs 175.45. Trading volume was more than seven times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may...

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...

Share market updates: Sensex falls 200 points, Nifty open lower at 10,850;Eicher Motors down 5%

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...

Market Daddy | Share Bazar Live | Share Market News

Search This Blog