Skip to main content

Stock Market News - Titan Worst Performer, Motilal Oswal Gains

NEWS ALERT | Glenmark Pharmaceuticals receives tentative ANDA approval for Dimethyl Fumarate Delayed‐Release Capsules: BSE Filing
-- Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (U.S. FDA) for Dimethyl Fumarate Delayed
‐Release Capsules, 120 mg and 240 mg, a generic version of Tecfidera®1 Capsules, 120 mg and 240 mg, of Biogen Inc. 

Maruti Suzuki cuts production for an eighth straight month in September - Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 percent in September, making it the eighth straight month when the country's largest carmaker lowered its output.


Titan Worst Performer On Nifty; Shares Fall Over 6% - Shares of Titan fell as much as 6.1 percent, the most since July 9, to Rs 1,182.55. The company said that the sales growth of its mainstay jewelry business remained muted in the quarter ended September as rising gold prices deterred buyers. Jewelry sales fell sharply in July but rose 15 percent year-on-year between August and September, the Tata Group company, which owns the Tanishq brand, informed the exchanges.

Aurobindo Pharma Recovers From 19% Fall Shares of Aurobindo Pharma rose as much as 4.8 percent to Rs 482. The stock had ended 19 percent lower on Monday. The company clarified that none of the observations that were issued by the U.S. FDA were related to data integrity and the drugmaker said it is confident of addressing them within the stipulated timeline.

Minda Industries Gains On Stake Acquisition Plans Shares of Minda Industries extended gains for the second consecutive trading session. The stock rose as much as 2.7 percent to Rs 344. The company is set to acquire a 100 percent stake of Delvis Group which is engaged in automotive lighting design and engineering for €21 million (Rs 164 crore). 

Motilal Oswal Gains After Large Trade Shares of Motilal Oswal Financial Services rose as much as 1.8 percent to Rs 620.95. About 28 lakh shares changed hands in a large trade during the pre-market session, Bloomberg data showed. Buyers and sellers were not known immediately. Of the shares traded, 33 percent were at the asking price and 29 percent were at the bid, Bloomberg data showed. 

Piramal Enterprises Extends Fall For Second Day; Shares Drop 7% Shares of Piramal Enterprises extended declines for the second consecutive trading session. The scrip fell as much as 7.1 percent to Rs 1,377. The stock dropped over 13 percent in two trading sessions. The Relative Strength Index was at 27, indicating that the stock may be oversold. 

Rupee opens lower:  The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 16 paise at 71.18  per dollar versus Monday's close 71.02.

J. Kumar Infra Jumps The Most In Nearly 10 Months Shares of J. Kumar Infraprojects rose as much as 19.9 percent, the most since December 2018, to Rs 153.50. Markets regular Securities and Exchange Board of India has cleared the company from charges of misrepresenting books, according to Bloomberg report. Trading volume was more than 30 times its 20-day average, Bloomberg data showed.


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

Comments

Post a Comment

Popular posts from this blog

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...
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

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...
Post a Comment
Read more