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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 ...

Escorts July Sales Decline 13%;-  Shares Fall 4% Escorts Ltd. sold 4,860 tractors last month, a fall of 13.4 percent from the year-ago period, according to its exchange filing. Shares of the company fell as much as 4 percent to Rs 451.10 after the announcement. Zee Entertainment Second-Worst Performer On Nifty Shares of Zee Entertainment fell as much as 3.9 percent to Rs 347.45. The stock was the second-worst performer on Nifty. Invesco Oppenheimer Developing Markets Fund plans to acquire up to 11 percent stake in the company for Rs 4,224 crore from the promoters. That media firm said that it has initiated the process of divesting key assets, with the aim to repay all lenders by September. NEWS ALERT | Expect big fall in domestic motorcycles sales in July: Rajiv Bajaj, MD, Bajaj Auto to CNBC TV18 -- No signs of green shoots in demand yet -- Think July numbers will continue to be weaker -- Domestic 2-wheelers might continue to decline in Aug Reliance Capit...

Intellect Design Falls -  After Q1 Profit Drops 92% Shares of Intellect Design Arena fell as much as 15 percent, the most in nearly three years, to Rs 211.50 after the company’s profit fell 92 percent on a sequential basis in June quarter. Sandhar Technologies Gains  -  After Signing Pact Shares of Sandhar Technologies rose as much as 1.7 percent to Rs 273.95. The company signed pact for a Joint Venture with Korea’s Han Shin Corporation for manufacturing and selling electronic parts and accessories for the automotive industries in India. Sharda Cropchem slips 5% on weak Q1 result - Sharda Cropchem posted consolidated revenue of Rs. 423 crore as against Rs. 456.13 crore in the corresponding quarter last year, registering a 7.26 percent YoY decrease Rupee opening - Rupee opens flat at 68.98/$ vs Wednesday's close of 68.97 against the US dollar NEWS ALERT | DFS secy Rajiv Kumar, likely to be appointed as Finance Secretary: sources to CNBC TV18 -- Trans...

Mindtree At Over 17-Month Low  - A fter Reporting Q1 Results Shares of Mindtree fell as much as 10.6 percent to Rs 670.95, their lowest level since February 2018. This after the software developer’s profit for the June quarter halved and results missed estimates as its margin narrowed owing to increased employee costs. Yes, Bank Worst Performer On Sensex , Nifty After Reporting Q1 Results Shares of the private lender were down 10.4 percent to Rs 88.10 apiece on the NSE Ltd. after opening nearly 20 percent lower. This after the bank’s asset quality worsened in June quarter, as the lender’s new chief executive Ravneet Gill continued to clean up the lender's books. Rupee Opening: The Indian rupee opened higher at 68.76 against the US dollar, up compared to Wednesday's close of 68.81 a dollar. 10-year government benchmark bond yield opened at 6.31 percent against the previous close of 6.34 percent. Yes Bank, ONGC top losers - Yes Bank shares are trading 11% down a...

IndiGo Slumps -  The Most In Over A Year Shares of InterGlobe Aviation fell as much as 19.3 percent, the most since May 2018, to Rs 1,264.85. Interglobe Aviation Ltd. promoter Rakesh Gangwal has alleged “questionable” related-party transactions between the IndiGo’s parent and private entities of the other promoter Rahul Bhatia in a letter to the Securities and Exchange Board of India. Gangwal also sought an extraordinary general meeting of the company’s shareholders to address the governance issues he has raised against Bhatia. TCS Falls -  After Q3 Results Announcement Shares of the country's largest software exporter fell as much as 2.9 percent to Rs 2,071.30 after the company announced its quarterly results for the three months ended June. Yes Bank, IndusInd Bank top gainers -  Yes Bank and IndusInd Bank were among the top gainers jumping up to 2%. TCS, Bajaj Finance shares were among the biggest losers, tanking up to 2% in the morning trade. Rupee O...

Punjab National Bank Falls The Most In Nearly Two Months Shares of Punjab National Bank fell as much as 7.5 percent, the most since May 13, to Rs 75.70. The state-run lender aid that it has detected a fraud of over Rs 3,800 crore by Bhushan Power & Steel Ltd., according to its stock exchange filing. Trading volume was more than eight times its 20-day average. Mindtree Falls After Top Executive Quits Shares of Mindtree extended declines for the fourth consecutive trading session. The stock fell 3.8 percent to Rs 831.55 as of 9:40 a.m. The scrip is currently trading ex-dividend. The company’s CEO and Managing Director Rostow Ravanan resigned. Krishnakumar Natarajan too resigned as executive chairman. Besides, NS Parthasarathy resigned as executive vice chairman and chief operating officer. They will continue to stay as board members and employees till July 17, in-line with their contracts. Credit Suisse on IndusInd Bank -  Global brokerage house Credit Suisse has a...

Union Budget, Nifty near 12,000 - Union Budget scheduled to be announced from 11 a.m. by FM Nirmala Sitharaman. The Sensex reclaimed the 40,000-mark, while the Nifty is trading near the crucial 12,000-mark. The Sensex is up about 108 points to 40,016, while the Nifty is trading 35 points higher at 11,980. Shares of IndusInd Bank, L&T are among the biggest gainers, jumping up to 0.90%. In the Nifty, 38 shares registered gains while 12 registered declines.  Eveready Industries gains 2% in early trade -- Yes Bank acquired 9.47 percent stake in the company. DLF trading flat -- Company fixed July 23 as the record date for determining entitlement of shareholders for dividend for FY19. CATCH ALL MARKET UPDATES -  1 Divis Labs dips 2% 2  Motherson Sumi slips 1% in early trade 3  Guess Corp soars 5% in early trade 4  HDFC Life Insurance Co gains over 1% 5  Mcleod Russel India slips over 4% YES Bank slips 3%, hits a fresh five...