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3M India Slumps After Large Trade Shares of 3M India fell as much as 9.9 percent, the most in over a month, to Rs 20,610. About 2,00,173 shares 1.8 percent equity of the company changed hands in large trade, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was almost six times its 20-day average, according to Bloomberg data. BHEL Surges The Most In Over A Decade Shares of Bharat Heavy Electricals rose as much as 26.6 percent, the most since May 2009, to Rs 56.45. The stock extended gains for the second consecutive trading session.  A group of secretaries will meet on Oct. 18 to consider cutting the government’s holding below 51 percent in at least eight public-sector companies, a person familiar with the matter said, as the Modi administration looks to bridge the budget gap. NEWS ALERT | China third-quarter GDP grows 6%: Reuters -- Growth slowest in almost three decades -- Production hit by soft factory production -- T...

Infosys Top Performer   - On Sensex, Nifty Shares of Infosys rose as much as 5.8 percent, the most in two years, to Rs 768.70. The stock was the best performer on Sensex and Nifty. The Bengaluru-based software developer raised its revenue forecast for the full year even as higher costs led to a contraction in margin and decline in profit in the quarter ended June. DHFL Hits 10% -  Lower Circuit After Reporting Loss In Q4 Shares of Dewan Housing Finance Corporation Ltd. hit their lower circuit of 10 percent to Rs 61.65, their lowest level since October 2013. Crisis-hit Dewan Housing Finance Corporation Ltd. said it aims to restart lending operations by August 2019 after the company reported a loss of Rs 2,223 crore for the quarter ended March 2019.  Allahabad Bank Drops -  The Most In Eight Months Shares of Allahabad Bank fell as much as 14.4 percent, the most since November 2018, to Rs 40.35. The PSU Bank reported a fraud of over Rs 1,774 crore by Bhush...

BHEL slips almost 1% -  NMDC issues termination notice to BHEL on Rs 1,400-crore steel plant contract due to delay in project completion. Tata Steel dips marginally - European arm's CEO Hans Fischer will step down, effective July 1. Rupee Opens: The Indian rupee opened higher at 69.01 per dollar on Friday against previous close 69.06. Block Deal Alert | Bharti Airtel, Power Finance, UPL Bharti Airtel: About 12 lakh shares changed hands in a block deal.  Power Finance: About 5.6 crore shares or 2.1 percent equity changed hands in a block deal.  UPL: About 16 lakh shares changed hands in a block deal.  NEWS ALERT |  Glenmark Pharma gets US FDA nod for Ezetimibe & Simvastatin tablets. Ezetimibe is used to treat high blood cholesterol. Simvastatin is used to decrease elevated lipid levels NCLT approves the merger of Excel Group and Sumitomo Chem.  National Company Law Tribunal, Mumbai Bench, approved and sanctioned ...

BHEL Gains  -  After Order Win Shares of Bharat Heavy Electricals rose as much as 1.9 percent to Rs 69.95. The state-run firm won Rs 800 crore Engineering, Procurement and Construction orders for 200 MW solar power plants from NTPC Ltd. and Gujarat State Electricity Corporation Ltd. The stock traded at 16 times its estimated earnings per share for the coming year. News Alert -  1  Vedanta down 2% 2  Reliance Industries down over 1.5% 3  NDTV slips over 3% after Sebi takes action against Prannoy Roy and Radhika Roy 4  Jet Airways plunge over 11% Shriram Transport Finance Falls -  Nearly 8% After Block Deals Shares of Shriram Transport fell as much as 7.8 percent to Rs 1,000, the lowest in a month. About 2.26 crore shares or 10 percent equity of the company changed hands in two block deals, Bloomberg data showed. Buyers and sellers were not known immediately. Trading volume was 2,529 times its 20-day average. Rupee Ope...