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Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20.


Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar.

NEWS ALERT | 

1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM
-- Made sure stressed MSMEs are not declared NPAs: FM

2.  PSBs must move more liquidity out in the system: FM
-- Together with banks and RBI, we looked at where liquidity was stuck: FM

3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing
-- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021.

-- VS Parthasarathy will step down as CFO on April 1, 2020

-- Board approves transition of Anand Mahindra's role to Non-executive Chairman. 

-- Pawan Goenka re-designated MD & CEO up to November 11, 2020

TOP GAINERS & LOSERS - 

Yes, Bank was the top gainer in the Sensex pack rising up to 2.91 percent, followed by SBI, ICICI Bank, Hero MotoCorp, Tata Motors, TCS, L&T, and Bajaj Finance. On the other hand, Vedanta was the top loser, shedding up to 0.97 percent. Kotak Bank, Tata Steel, HDFC Bank, and HUL were also trading in the red.

Prince Pipes IPO Fully Subscribed The initial public offer of polymer pipes and fittings was fully subscribed on the final day of sale on Friday. The maker of polymer pipes and fitting plans to raise Rs 500 crore by selling 2.81 crore equity shares at Rs 177-178 apiece, according to its red herring prospectus. The maiden offer consists of a fresh issue and an offer-for-sale by four promoters.

Ratnamani Metals Gains After Winning Orders Shares of Ratnamani Metals & Tubes rose as much as 0.5 percent to Rs 1,010. The company bagged an order of Rs 1.43 crore for CS pipes supply. It also won an export order worth $1.24 billion, according to its stock exchange filings.


Sensex | Market News | Gold | Bank Nifty | Rupee Updated | Top Gainers | Titan Company


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