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Showing posts with the label Rupee Open

Stock Market News - BHEL slips, Cox & Kings Hits, Sobha Drops

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 ...

Market Update- Tata Chemicals Rises, Petronet LNG Falls, Bajaj Finance Gain

Tata Chemicals Rises-  On Business Rejig Shares of Tata Chemicals rose as much as 5.2 percent to Rs 585.45. The Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations. Tata Chemicals will demerge its food business to Tata Global Beverages. Petronet LNG Falls  -  After Q4 Results Announcement Shares of Petronet LNG extended declines for the second consecutive trading session and fell as much as 3.6 percent, the most in over three months, to Rs 225 after the company announced its March quarter results. Bajaj Finance Extends Gain  -  Ahead Of Results Announcement Shares of Bajaj Finance extended gains for the second consecutive trading session and rose as much as 1.7 percent to Rs 3,053.70 ahead of results announcement. Titan Hits Record High   -  Shares of Titan extended gains for the eighth consecutive trading session, their longest gaining st...

Market News- Tata Motors, Yes Bank top losers, Bharti Airtel Falls

Tata Motors falls - shares are trading 3.6% lower at Rs 202, while Yes Bank shares are down nearly 3% to emerge among the biggest Sensex gainers.  HDFC Bank, SBI, Maruti Suzuki, RIL, Titan, Yes Bank, Tata Steel, Vedanta, Tata Motors, Hindalco, Infosys, Indiabulls Housing, HUL  are among major losers on the indices, on the other hand, gainers are BPCL, Power Grid, Asian Paints and Eicher Motors. All the sectoral indices are trading red led by metal, IT, infra, bank, auto, pharma, and FMCG. Rupee Opens: The Indian rupee opened lower by 7 paise at 69.29 per dollar on Monday versus Friday's close 69.22. HUL Falls - After Q4 Results Announcement Shares of the FMCG company fell as much as 1.9 percent to Rs 1,661.20. India’s largest consumer goods’ net profit rose 13.8 percent year-on-year to Rs 1,538 crore in the January-March period, according to its exchange filing.  Bharti Airtel Falls  - Ahead Of Q4 Results Shares of the telecom operator fell as muc...

Market Update - Eicher Motors slips 2% , HDFC Top Losers , Nifty below 10,850

Eicher Motors shares fell 3 per cent in the morning on Tuesday as global brokerage house Citi has maintained buy call on the stock but slashed price target to Rs 24,700 from Rs 25,200 earlier. The price cut was after the brokerage house reduced its consolidated earnings estimates by 2-3 per cent over FY19-21. The stock was quoting at Rs 19,583.90, down Rs 354.35, or 1.78per cent on the BSE. Opening Bell: Sensex, Nifty Open Lower Indian equity benchmarks resumed declines after a one-day gain on Friday. The S&P BSE Sensex fell as much as 0.38 per cent to 35,926.44 and the NSE Nifty 50 fell as much as 0.43 per cent to 10,817.85. The market breadth was tilted in favour of sellers. About 890 stocks advanced and 469 shares declined on National Stock Exchange.  Jet Airways Falls -  After Lessors Ground Six More Aircraft Shares of the cash-strapped airline declined 4.3 per cent to Rs 224 per share. Lessors grounded six more Jet Airways’ aircraft due to non-paymen...