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Stock Market News - Yes Bank Top Performer, M&M Swings

Yes Bank soars 25% - Yes Bank share price soared more than 25% to hit the day's high at Rs 39.90 after the overhang ended following RNAM selling Rana Kapoor's pledged shares. 


Yes Bank Ltd.’s Group President and Chief Financial Officer Rajat Monga resigned from his posts amid an upheaval at the private lender with multiple resignations and share price plunge.

Gold price today: Gold prices rebounded in futures trade, 3 tracking sell-off in equities and fresh concerns around trade war front. 

M&M Swings After Joint Venture Announcement Shares of Mahindra & Mahindra fluctuated between gains and losses to trade 0.55 percent lower at Rs 553.80. The automaker partnered with Ford Motor Company Inc. to develop, market and distribute vehicles in India and other high-growth emerging markets around the world. Mahindra will own a 51 percent controlling stake in the joint venture and Ford will own the remaining 49 percent, the Indian automaker said in an exchange filing.

CG Power Halts Three-Day Fall; Shares Hit 5% Upper Circuit Shares of CG Power & Industrial Solutions halted a three-day losing streak and hit a upper circuit of 5 percent at Rs 14.10 The Securities Appellate Tribunal has rejected an appeal filed by Gautam Thapar, Avantha Holdings and former officials of the company against an order by the market regulator that barred them from accessing the capital markets, according to a PTI report. 

“The tribunal rejected the appeal as it found no merit in it. It also directed the appellants to approach the Securities and Exchange Board of India to obtain all documents required by them to defend their case,” the report added.

GMR Infra gains over 2% -- The competition commission of India (CCI) has approved the deal acquisition of a 55.2 percent in GMR’s airports business by Tata Realty, GIC, and SSG Capital management

Future Consumer Falls After Morgan Stanley Cuts Price Target By 66% Shares of Future Consumer extended declines for the seventh consecutive trading session, their longest losing streak in nearly two months. The stock fell as much as 8.7 percent to Rs 23.55. The after brokerage and research firm Morgan Stanley cut their price target on the stock by 66 percent.


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


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