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Stock Market News - Indiabulls Housing falls, IRCTC Falls

NEWS ALERT | Indiabulls Hsg makes repayment of the entire maturity proceeds for Masala Bonds: BSE filing
--The Company has today made the repayment of the entire maturity proceeds from the pre-funding done to Axis Trustee

Alert: Masala Bonds worth Rs 1,330 crore were issued by the company on September 2016 and were due to mature on 15th October 2019. 


Indiabulls Housing Finance Extends Fall, - Shares Drop Nearly 8% Shares of Indiabulls Housing Finance fell as much as 7.5 percent to Rs 183.05. The stock extended declines for the second consecutive trading session. The company’s board intends to go for a buyback of shares and will take a final decision in this regard after receiving concurrence from the market regulator Securities and Exchange Board of India.

Future Lifestyle Gains After Large Trade Shares of Future Lifestyle Fashions rose as much as 4.2 percent to Rs 419.80. About 1.45 crore shares or 7.2 percent equity changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was 1,096 times tsi 20-day average, according to Bloomberg data. 

RBL Bank Extends Fall; Shares At Record Low Shares of RBL Bank extended declines for the fourth consecutive trading session. The stock fell as much as 6 percent to hit an all-time low at Rs 243.30 The scrip declined 16 percent in the past five days and fell 31 percent in the past 30 days. RBL Bank traded at 17 times its estimated earnings per share for the coming year.

Rupee Update: The Indian rupee opened at Rs per dollar on Tuesday against previous close 71.23.

Crude oil update: Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the US-China trade deal announced by President Trump late last week.

IRCTC Falls Nearly 4% A Day After Stock Market Debut Shares of IRCTC erased opening gains and fell as much as 3.5 percent to Rs 702. The stock advanced 128 percent on its first day of trade, the best debut for a local company in two years, driven by strong demand for its offering. 

The stock listed at Rs 644 apiece yesterday—a premium of 101 percent over its issue price of Rs 320 a share—on the BSE Ltd.

Infosys Extends Decline; Shares Worst Performer On Sensex, Nifty Shares of Infosys extended declines for the second consecutive trading session. The stock fell as much as 2.6 percent to Rs 2.68. The scrip was the worst performer on Sensex and Nifty.


Sensex | Market News | Bank Nifty | Rupee | Gold | Indiabulls | IRCTC
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