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NEWS ALERT | Fashion retailer 'Forever 21' files for bankruptcy: Reuters Cipla Falls After U.S. FDA Issues 12 Observations Shares of the pharmaceutical company fell as much as 4.1 percent to Rs 421.55. The U.S. Food and Drug Administration issued 12 observations for the drugmaker’s Goa plant after conducting Current Good Manufacturing Practice inspection between Sept. 16-27, according to its stock exchange filing. Reliance Nippon Life AMC Rises After Reliance Capital Completes Stake Sale Shares of Reliance Nippon Life Asset Management Company rose as much as 3.4 percent to Rs 274.37. Reliance Capital announced the completion of 21.54 percent stake sale in its mutual fund arm Reliance Nippon Life Asset Management Ltd. to joint venture partner Japan's Nippon Life Insurance for Rs 3,030 crore.  Indiabulls Group Stocks Decline; Indiabulls Ventures Falls Over 14% Shares of Indiabulls Group stocks extended declines for the second consecutive trading session. ...

NTPC Gains after CLSA Retains Buy - NTPC shares gained more than a percent intraday after global brokerage CLSA retained its buy call with a target price at Rs 157, implying 22 percent upside on potential SJVN merger. Eveready Industries in focus -  Yes, Bank acquired 39,10,000 (5.38 percent) equity shares of company and 21,21,903 (2.29 percent) shares by invoking pledged on promoters holding. Himachal Futuristic Communication gains 2% -  Himachal Futuristic Communication shares gained 2 percent intraday after its subsidiary bagged order from Bharat Electronics. "Subsidiary HTL has received a purchase order worth Rs 198.82 crore from state-owned company Bharat Electronics," the fiber optic cable manufacturing company said in its BSE filing. Block Deals Power Finance Corporation's 6.3 crore shares (representing 2.4 percent of total equity) worth Rs 794 crore exchanges hands in two block deals on NSE at an average price of Rs 125 per share, reports CNBC-...

L&T Top Gainer -  On Sensex, Nifty After Order Win Shares of Larsen & Toubro rose as much as 1.5 percent to Rs 1,563.45. The stock was the top gainer on Sensex and Nifty. The company based an EPC order from SJVN Thermal to set up a 2x660 MW ultra-supercritical power plant in Buxar district, Bihar, according to its stock exchange filing. The order is valued at over Rs 7,000 crore as per the company’s order. Emami Falls After A Block Deal -  Shares of Emami extended declines for the tenth consecutive trading session, their longest losing streak in over a year. The stock fell as much as 5.9 percent to trade at near a five-year low at Rs 272.10. About 3.27 crore shares or 7.2 percent equity of Emami changed hands in a block deal. IndusInd Bank Gains On Promoters’-  Fund Raising Plans Shares of IndusInd Bank rose as much as 2.5 percent to Rs 1,485. The Hindujas will pump another Rs 2,700 crore into IndusInd Bank Ltd. through a warrant issue to ramp up t...

Jet Airways in focus: Lenders to the airline will look for equity infusion from a new investor to replace Etihad. The new investor is likely to be an investment fund. Banks may initiate talks with few investment funds that conducted due diligence on the company. Also, lenders are looking at the option of asking Etihad, Naresh Goyal to pledge their shares. Jubilant Life Sciences Falls -  After Block Deal Shares of the life sciences company fell as much as 7 per cent to Rs 782.55. About 33 lakh shares of the company changed hands in a block deal. While buyers and sellers were not known immediately “Jubilant Employee Welfare Trust to sell 35 lakh shares in Jubilant Life Sciences Ltd. to raise at least Rs 367 crore ($39 million) at the floor price. Rupee opens marginally lower ahead of Fed decision - The Indian rupee on Wednesday was trading marginally weaker against the US dollar, tracking losses in Asian currencies as traders wait for the Federal Reserve’s policy decisio...

RCom shares gain 10% - Shares of Anil Ambani-led Reliance Communications surged 10% on Tuesday afternoon to Rs 4.40, after a statement confirmed that RCom has made a payment of Rs 550 crore and interest thereon to Ericsson, in compliance of the judgement of the Supreme Court. Gainers include Sun Pharma, BPCL, RIL, Bharti Airtel, SBI, Axis Bank, PNB, Canara Bank, while losers are Maruti Suzuki, Eicher Motors, ICICI Bank, Hero Moto, M&M, Bajaj Auto and L&T. Among the sectors, auto, infra and metal are under pressure, while pharma, IT, energy and bank are witnessing buying interest. L&T slumps - Larsen & Toubro on Monday said it has bought a 20.32 per cent stake in IT services company Mindtree for Rs 3,269 crore. L&T, which is acquiring the shares from Indian coffee baron VG Siddhartha and companies related to him, said it had also placed an order with its broker for an on-market purchase of up to 15 per cent of Mindtree’s shares at Rs 980 per share. Cru...

SBI share in focus - Shares of State Bank of India rose as much as 1.5 per cent to Rs 285.50. The country’s largest lender linked interest on savings bank deposits above Rs 1 lakh to the Reserve Bank of India’s repo rate. The effective savings bank deposit rate for Rs 1 lakh and above stands at 3.5 per cent. Market opens: It is a positive start for the indices on Monday with Nifty inching towards 11,100 marks. The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged. Sadbhav Infra, GMR Infra, Jet Airways, Dilip Buildcon, SBI, ONGC, IOC, Titan, Dr Reddy’s Lab, Bharti Infratel, JSW Steel, Hero Moto, are some of the gainers on the indices, while lowers are Kotak Mahindra Bank, CG Power, Reliance Infra, TCS, Nalco and REC. Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 70.01 per dollar versus previous close 70.15....

Shares of Tata Motors gained over 2 per cent in the early trade. Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level. The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged.  IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel. Among the sectoral indices, the metal index is under pressure with 1 per cent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT. Rupee Strengthens Past 70/$  - The Indian rupee opened higher against the U.S. dollar. The home currency strengthened past 70 against the against the greenback for the first time since January. Easing tension on the...

DHFL gains 18%- DHFL surged in the early trade as an independent chartered accountant, TP Ostwal gave company clean chit on most allegations by Cobrapost. The stock is up nearly 24 per cent in the early trade. Market Opens: The Sensex is up 158.64 points at 36601.18, while Nifty is up 47.10 points at 11034.60. About 777 shares have advanced, 146 shares declined, and 43 shares are unchanged. Wipro, Indiabulls Housing, L&T, HPCL, BPCL, ITC, Vedanta, Grasim, DHFL, are the top gainers on the indices, while losers are Bharat Forge, Reliance Capital. All the sectoral indices are trading green, while midcap and smallcap also up 0.6 per cent. Rupee Opens: The Indian rupee opened lower by 10 paise at 70.59 per dollar on Wednesday versus previous close 70.49. Crude Update: Oil prices fell more than 0.5 per cent on Wednesday as bullish output forecasts by two big U.S. producers outweighed recent OPEC-led efforts to rein in crude production. ITC was up nearly 2 per c...

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...

Market Opens: Benchmark indices opened on a higher note on Wednesday with Nifty hovering around 10,900 level. The Sensex is up 216.17 points at 36189.88, while Nifty is up 52.20 points at 10887.50. About 510 shares have advanced, 98 shares declined, and 21 shares are unchanged.  Yes Bank, Adani Ports, UltraTech, HPCL, ICICI Bank, RIL, JSW Steel are among major gainers, while Wipro, HCL Tech, TCS, Tech Mahindra are trading lower.  Among the sectors, except IT, all other indices are trading in green. Midcap and smallcap also trading with a 0.5 per cent gain. Crude Update: Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club, OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump. Shares of Allahabad Bank were trading over 3 per cent higher as the Reserve Bank of India (RBI) on Tuesday removed three commercial banks – Allahabad, Corporation and Dhanlaxmi -- from the prompt ...

Yes Bank shares gained by more than 2% to Rs 218.10, while ICICI Bank shares are up 342.15, to emerge among the top Sensex gainers. Sensex, Nifty Trade higher: Sensex, Nifty Swing In Open Indian equity benchmarks traded higher after fluctuating between gains and losses in the open. The S&P BSE Sensex Index traded 0.2 per cent higher at 35,570 as of 9:17 a.m. and the NSE Nifty 50 Index traded at 10,658.40, up 0.19 per cent. The market breadth was tilted in favour of buyers. About 755 stocks advanced and 604 shares declined on National Stock  Gainers include Jet Airways, Ambuja Cements, Dr Reddy's Lab, Sun Pharma, Grasim, JSW Steel, Hindalco, Emami, while losers are Indiabulls Housing, Wipro, HDFC, Adani Port and IDFC. Market at pre-open: Benchmark indices are mixed in in the pre-opening trading with Nifty holding above 10,600. At 09:02 hrs IST, the Sensex is up 96.03 points or 0.27% at 35594.47, and the Nifty down 13.70 points or 0.13% at 10627.30. Emami, ...

Opening Bell: Sensex, Nifty Trade Higher Indian equity benchmarks opened higher in today's trade. The S&P BSE Sensex Index rose as much as 0.41 per cent to 36,468.42 and the NSE Nifty 50 Index rose as much as 0.36 per cent to 10,929.25. The market breadth was tilted in favour of buyers. About 944 stocks advanced and 460 shares declined on the National Stock Exchange. All the sectoral gauges compiled by NSE advanced led b the NSE Nifty Pharma Index's 0.47 per cent gain. Zee Entertainment, Bharti Airtel, Indiabulls Housing, HDFC, Axis Bank, Bajaj Finance are trading higher, while HCL Tech, Bajaj Auto, Jet Airways, Mindtree, Infosys, BPCL have lost the most. Shares of Reliance Industries and Hindustan Unilever are trading higher ahead of third-quarter numbers. Rupee Opens: The Indian rupee opened higher at 71.15 per dollar on Thursday versus previous close 71.24. BSE Live: Sensex up 125 points, Nifty above 10,900; Reliance Industries, HUL shares gain T...

Share market LIVE updates: The domestic stock markets –Sensex and Nifty–opened marginally higher tracking domestic and global cues. The Sensex is up about 46 points to 36,393.94, while the Nifty is trading above the 10,900-mark. Sun Pharma shares tanked by more than 1% to hit the day’s low at Rs 447.15, after whistleblower complaints emerged, according to media reports. Jet Airways shares slumped by more than 2% to Rs 287.50 on BSE, ahead of lenders’ meet to explore debt rejig plans. Rupee opens The Indian rupee opened at 71.06 per dollar on Wednesday versus 71.04 yesterday. Vedanta, Yes Bank, and Zee Entertainment, while Sun Pharma, Bharti Airtel, JSW Steel and Dr Reddy’s have lost the most.  BSE Live: IndusInd Bank share price gains nearly 2% after Q3 results Shares of India's major private sector lender IndusInd Bank surged in trade on Wednesday, recovering from one-month lows, after the firm reported Q3 results. IndusInd Bank shares gained nearly 2% to Rs 1...

Market Opens Equity benchmarks have begun higher on Tuesday morning, with the Nifty trading near 10,780. The Sensex is up 145.79 points or 0.41% at 35999.35, while the Nifty is higher by 47.20 points or 0.44% at 10784.80. The market breadth is positive as 265 shares advanced, against a decline of 70 shares, while 20 shares were unchanged. All sectoral indices traded in the green, with maximum gains seen among banks, energy, and IT names. The Nifty Midcap index is in tandem with benchmarks. Hero MotoCorp, Infosys, Wipro and Zee Entertainment are the top gainers, while HCL Tech, Bharti Airtel, and GAIL lost the most.  Rupee opens higher at 70.75 per US dollar; 10-year government bond yields rise The Indian rupee opened higher by 18 paise at 70.75 per US dollar on Tuesday, a day after the domestic currency closed about one-month low amid continued foreign fund outflows and weak domestic equity markets. On Monday, the domestic unit fell as much as 43 paise to close at ...

Stock market LIVE updates: After opening higher on positive global cues, the Sensex and Nifty extended rally in the morning trade. Sensex is up more than 350 points to 36,160.54, while Nifty is trading above 10,850. Yes, Bank share price gained by more than 2.1% to Rs 182, while ICICI Bank shares zoomed 1.3% to Rs 360.20. The rally was being led by financials, pharma and auto stocks.  Asia stocks gained on Friday after Wall Street ended volatile trade in the green, adding to the big advances of the previous session, although lingering investor jitters helped support safe-haven currencies such as the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent. It has fallen almost 4 per cent so far in December. Brent crude oil prices jump       Oil prices jumped as much as 3 per cent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about...

The domestic stock markets – Sensex and Nifty– opened higher tracking positive global cues, after Asian markets rallied following the major gains seen on Wall Street yesterday. Sensex zoomed 392 points in the opening trade to 36,041.24, while the Nifty 50 was trading above the 10.800-level. Sun Pharma, VEDL shares gained more than 1.5% each. Rupee opens The Indian rupee has opened at 70.20 per US dollar against a previous close of 70.07 per dollar. The currency is down around 13 paise. SUN PHARMA RISES Shares of Sun Pharmaceutical Industries rose over 2 per cent intraday on December 27 after its unit DUSA Pharmaceuticals got injunctive relief in a US patent infringement case. The stock gained as much as 2.4 per cent, quoting at Rs 424 on the BSE. A US district court prohibited Biofrontera and other defendants from using DUSA's confidential and proprietary trade secret information. ASIA UPDATE | Asian shares on Thursday latched on to a dramatic surge on Wall Stree...