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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...

Orient Electric Halts Two-Day Gaining Streak, Shares Fall 6% Shares of Orient Electric fell as much as 5.7 percent to Rs 184.05, halting a two-day gaining streak. The stock advanced 21 percent in the past 12 months compared to a 14 percent gain in the Sensex. Tata Group Stocks Trade Mixed After NCLAT Order Shares of the Tata Group companies traded mixed after the National Company Law Appellate Tribunal ruled that his dismissal as chairman of Tata Sons Ltd. was illegal. While restoring him to his original position as executive chairman of the Tata Group’s holding company, the NCLAT held that the resolution by Tata Sons board removing Mistry was illegal. Essel Propack Surges 16% To Record High Shares of Essel Propack rose as much as 16 percent, the most since Jan. 28, 2019, to hit an all-time high at Rs 175.45. Trading volume was more than seven times its 20-day average, Bloomberg data showed.  The Relative Strength Index was above 70, indicating that the stock may...

Maruti Suzuki Gains  After BofA Securities Upgrades Stock Rating Shares of Maruti Suzuki rose as much as 1.9 percent to Rs 7,276.50 after BofA securities upgraded the stock rating and hiked price target. Sensex Extends Gain; Nifty Near Record High Indian equity benchmarks extended opening gains to trade at day’s high. The S&P BSE Sensex rose as much as 370 points or 0.9 percent to hit an all-time high at 41,308.61. The NSE Nifty 50 rose as much as 0.86 percent to 12,157.50, about one-point away from its record high of 12,158.80.  The broader markets represented by the NSE Nifty 500 Index rose as much as 0.73 percent. The NSE Nifty Bank Index, too, hit an all-time high at 32,213.35 after gaining as much as 0.75 percent. NIIT Technologies Jumps The Most In Three Months Shares of the IT services provider rose as much as 7.1 percent, the most since August, to Rs 1,577.50. The Noida-based firm's board will consider a proposal for share-buyback on Dec. 23, acco...

Dishman Carbogen Amcis Gains The Most In Three Weeks Shares of Dishman Carbogen Amcis rose as much as 6.7 percent, the most since Nov. 25, to Rs 128.60. The stock declined 44 percent in the past 12 months compared to a 14 percent gain in the Sensex, The stock traded at 8.9 times its estimated earnings per share for the coming year, according to Bloomberg data. Global Markets Update: Europe Stocks Gain Along With U.S. Futures Stocks in Europe and U.S. equity futures started the week on the front foot amid hopes of a partial trade deal between America and China eases a key risk for investors headed into year-end. Closing Bell--  The benchmark S&P BSE Sensex settled 71 points, or 0.17 percent, lower at 40,938.72 level. The losses seen at metal and FMCG counters were trimmed by gains in the information technology (IT) stocks.  -- On the NSE, the broader Nifty50 index held the 12,000-mark, at 12,053.95 level, down 33 points or 0.27 percent.  Gold price...

Yes, Bank Jumps 9% on Plans To Consider Fund Raising Shares of Yes Bank halted a two-day fall and rose as much as 9.3 percent, the most in nearly a month, to Rs 69. The Mumbai-based lender plans to consider raising funds on Nov. 29. Bank approved as an accredited entity by Green Climate Fund to help mobilize Climate Finance in India. Morgan Stanley Gives ICICI Bank Its Most Bullish Price Target Yet, Shares Swing Shares of ICICI Bank fluctuated between gains and losses to trade 0.2 percent lower at Rs 509.65. Prestige Estate Projects Surges The Most In Over Eight Months Shares of Prestige Estate Projects rose as much as 14.9 percent to Rs 339.80. The company signed an agreement with Marriott International to open six new hotels across India, representing nearly 1,000 rooms. All hotels are expected to open between 2021-2025, according to its media statement. Biocon share price rises 4% on USFDA approval: ​Biocon share price rose 4.5 percent on November 27 after the co...

Eris Lifesciences Gains After large Trade Shares of Eris Lifesciences rose as much as 5.4 percent to Rs 437. About 38.2 lakh shares of the company changed hands in a large trade, Bloomberg data showed.  Buyers and sellers were not known immediately. Of the shares traded 57 percent were at the asking price and 28 percent were at the bid, according to Bloomberg data. The stock was the second-best performer on NSE Nifty 500 Index. Safari Industries Gains After Ashish Kacholia Buys Stake Shares of Safari Industries rose as much as 3.5 percent to Rs 574. Well-known investor Ashish Kacholia acquired 2.18 lakh shares or 0.98 percent equity at Rs 550 each.  Besides, Saif India Holdings acquired 5.78 lakh shares or 2.59 percent equity at Rs 540 each. Meanwhile, Tano India Private Equity Fund sold 10.7 lakh shares. Ashoka Buildcon rises 12% on LoA from NHAI: ​Ashoka Buildcon share price rose 12 percent on November 25 after the company received a Letter of Award ...

NTPC Gains After Morgan Stanley Upgrades Stock Rating, Hikes Price Target Shares of NTPC rose as much as 3 percent to Rs 118.75. That comes after brokerage firm Morgan Stanley upgraded the stock rating to ‘Overweight’ from ‘Equal-weight’ and hiked price target to Rs 152 from Rs 146.7. BHEL Fall After Crisil Downgrade Shares of Bharat Heavy Electricals fell as much as 1.8 percent to Rs 54.45. The stock extended declines for the second consecutive trading session. Crisil downgraded the rating of long-term bank facilities to ‘AA’ from ‘AA+’ with outlook revised from ‘Negative’ to ‘Stable’ due to company’s weaker than expected operating performance and the continued decline in net cash levels of the company during the first half of the current financial year. Laurus Labs Halt Two-Day Losing Streak; Shares Gain 2% Shares of Laurus Labs halted their two-day losing streak. The stock rose as much as 2.1 percent to Rs 340. The company has received three observations on the pre-a...

Zee Entertainment jumps up to 19% on promoter stake sale, pares gain later - Shares of Zee Entertainment Enterprises (ZEEL) surged up to 19 percent to Rs 364 in the early morning deals on the National Stock Exchange (NSE) on Thursday after the promoter Essel Group sold nearly 15 percent stake in the company for Rs 4,343 crore.  Around 142.87 million equity shares (representing 14.87 percent stake of ZEEL) changed hands on the NSE through block deals, the exchange data shows Rupee Opening Alert - Rupee opens flat at 71.83/$ vs Wednesday's close of Rs 71.82 per US dollar DHFL Fluctuates After RBI Supersedes Board Shares of Dewan Housing Finance Corporation swung to a fall of as much as 2.9 percent from a gain of as much as 4.9 percent.  That comes after the Reserve Bank of India has superseded the board of Dewan Housing Finance Corporation Ltd. and intends to refer the non-bank lender for resolution under the newly introduced insolvency window for financia...

RIL Hits Fresh Record High; Nears Rs 10 Lakh Crore Market Cap Mark Shares of Reliance Industries extended gains for the second consecutive trading session. The stock rose as much as 3.9 percent to hit an all-time high at Rs 1,569. The scrip is set to clock Rs 10 lakh crore in market capitalization. Reliance Jio joins Airtel, Vodafone Idea to raise tariffs- Telecom tariffs are finally set to rise with Reliance Jio also on Tuesday stating that to strengthen the industry it will take measures like increasing tariffs in the next few weeks.  On Monday, Vodafone Idea and Bharti Airtel had said that they will increase tariffs from December. This will be the first time since September 2016 — when Reliance Jio launched its services — that tariffs will be revised upwards by the telecom companies Oil Check -- A far larger than expected rise in crude stocks led to a decline in prices. Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 percent...

Telecom Operators Decline; Vodafone Idea Slumps 14% Shares of the telecom operators declined. That comes after the Department of Telecommunications has issued a notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source.  As per DoT's estimate, the liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added. Aurobindo Pharma At Over Five-Year Low Shares of Aurobindo Pharma extended declines for the fourth consecutive trading session. The stock fell as much a 9.1 percent, the most in over a month to Rs 394.30, the lowest since September 2014.  The comes after the pharmaceutical company said that the U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility. Form 483 is used by the FDA to document and communicate ...

Vodafone Idea falls 8% Shares of Vodafone Idea fell as much as 7.5 percent to Rs 3.70. Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, Bloomberg reported quoting the company’s Chief Executive Officer Nick Read. Lupin Gains After Offloading Japanese Business Shares of Lupin rose as much as 3.1 percent to Rs 758.80. India’s fourth-largest drugmaker by market value informed the exchanges it has entered into a definitive agreement to sell 99.82 percent of its stake in Kyowa Pharmaceutical Industry Co. to Plutus Ltd., a subsidiary of the private equity firm Unison Capital Partners, at an enterprise value of 57,361 million Japanese yen—nearly Rs 3,702.4 crore.  That, Lupin said, would generate a post-tax net cash inflow of Rs 2,103.9 crore. Power Grid Gains After large Trade Shares of Power Grid rose as much as 1.4 percent to Rs 194.35. About 16.6 lakh shares of the company changed ...

Nestle Falls After Quarterly Results Announcement Shares of Nestle India fell as much as 1.5 percent to Rs 14,260 after the company announced September quarter results. NEWS ALERT | Infosys looking to beef up whistleblower investigation: Report -- Infosys rules out insider trading -- Co in talks with law firms JSA Law, Khaitan & Co for investigation -- Appointment of one or both of the above-mentioned companies, in addition to Shardul Amarchand Mangaldas already appointed TOP GAINERS & LOSERS -  NTPC, YES Bank and Tata Motors are the top gainers while Sun Pharma, Infosys, and IndusInd Bank are the top losers. The most active stocks included Reliance Infra, Bank of Baroda and YES Bank. Rupee Update: The Indian rupee opened lower by 8 paise at 71.36 per dollar on Monday versus Friday's close 71.28. Lupin share price gains on USFDA approval - The share price of Lupin gained over 1 percent in early trade on November 11 after the company rec...

Raymond Jumps 12% To Four-Month High Shares of Raymond rose as much as 12 percent, the most in a month, to Rs 754.20, the highest since July July 5. The company spun off its branded lifestyle business into a separate entity as part of a restructuring plan.  Raymond’s lifestyle business, which comprises branded textiles, branded apparel, and garments, would be separately listed on the bourses after the demerger, the textile maker said in an exchange filing. Mindtree Falls After CFO Resigns Shares of Mindtree fell as much as 1.2 percent to Rs 698.70. The company’s Chief Financial Officer Pradip Kumar Menon has resigned, adding to the exodus of its top management since a hostile takeover by Larsen & Toubro Ltd. Menon would be pursuing career opportunities outside the company and would be relieved from services on Nov. 15, the company said in an exchange filing. Reliance Home Finance Gains For Sixteenth Day Shares of Reliance Home Finance extended gains for the ...

Sensex hits an all-time high of 40,670 - The Sensex rallied to a fresh all-time high on Thursday morning after the Narendra Modi-led government announced a major reform to bolster the stressed real-estate sector. The Sensex jumped more than 185 points to a fresh high of 40,656.56.  Yesterday, Sensex ended the session at a closing high 40,469. The previous record high came at 40,606, hit in intra-day trade yesterday. Meanwhile, the broader Nifty hit the crucial 12,000-mark on Wednesday. IndusInd Bank, HDFC shares were among the biggest gainers, jumping up to 2%.  Rupee opens lower at 71.05 per dollar - The Indian rupee opened at 71.05 per dollar on Thursday versus the previous close 70.98. JB Chemicals share price gains 6% - The share price of JB Chemicals and Pharmaceuticals added more than 6 percent in the early trade on November 7 after the company is going to consider buyback of its shares. A meeting of the board of directors of the company will be held on ...

NEWS ALERT | Biocon's Bengaluru unit receives EIR from US FDA: BSE filing -- EIR received for Biologics Drug Products Facility -- EIR informs about the closure of inspection Alert: Facility inspected between Aug 22 and Aug 30        : EIR is Establishment Inspection Report Sun Pharma Falls After Unit Taro Pharma Announces Q2 Results -  Shares of Sun Pharmaceutical Industries fell as much as 1.6 percent to Rs 431.05 after the company’s unit Taro Pharma announced its second-quarter results. Rupee Opens: The Indian rupee opened lower by 8 paise at 70.85 per dollar on Tuesday versus previous close 70.77. Yes, Bank gains nearly 9% after Jhunjhunwala buys the stake for Rs 86.89 crore - Shares of private lender Yes Bank rose nearly 9 percent in the early trade on November 5 after Rakesh Jhunjhunwala bought a stake in the company via open market transactions. Ace investor Rakesh Jhunjhunwala bought 1.29 crore shares in private lender on Novembe...

NEWS ALERT | KEC International bags order worth Rs 1,806 cr: BSE filing Railways: The Railway business has secured orders of Rs. 1,303 crore in India: Orders for overhead electrification of railway lines and associated civil works Construction of Road Over Bridges (ROBs), roadbeds, major and minor bridge Transmission & Distribution: T&D business and SAE Towers have secured orders of Rs. 283 crore for T&D projects in India, East Asia Pacific and the Americas. Civil: The Civil business has secured orders of Rs. 63 crore for civil and construction works in India. Cables: The Cables business has secured orders of Rs. 157 crore for various types of cables/ cabling projects. Yes, Bank Recovers After 15% Drop  Shares of Yes Bank fell 4.9 percent to Rs 63.30. The stock had declined as much as 14.9 percent, the most in over a month, during the opening trade. The company announced its September quarter results on Friday. ICICI Securities on Av...

NEWS ALERT | Jet fuel price cut by Rs 2,237 (3.4%) to Rs 62,672/kL in Delhi: CNBC TV18 NEWS ALERT | Zee Ent suspect Oppenheimer bought shares for a large media co: sources to CNBC TV18 -- Ask lenders to put shares in an Escrow account NEWS ALERT | Japan September unemployment rate at 2.4% Vs market expectations of 2.2%: Reuters NEWS ALERT | Sun Pharma gets US FDA nod for Sumatriptan Succinate: CNBC TV18 -- Drug used to relieve headache, pain & other migraine symptoms NEWS ALERT | China October Manufacturing PMI at 51.7: Reuters -- Caixin IHS Markit October Manufacturing PMI at 51.7 Vs 51.4 MoM. -- October PMI matches previous high of February 2017 -- China’s factory activity unexpectedly expanded at the fastest pace in well over two years since February 2017 Laurus Labs Jumps The Most In Nearly 33 Months After Q2 Results Announcement Shares of Laurus Labs rose as much as 13.3 percent, the most since February 2017, to Rs 418.80, the highest in ove...

NEWS ALERT | Officers of ED visited one of co's offices raising certain queries: DHFL -- Co clarifies to exchanges w.r.t ED raids -- Says,, have provided necessary documents & clarifications to the ED NEWS ALERT | Lupin gets US FDA nod for Divalproex Sodium tablet: BSE filing -- Tablet of 250-500 mg -- Drug used to treat bipolar disorder, epilepsy & migraine headaches Oil update: Global oil prices were near flat as the market fretted about the health of the global economy and the future for energy demand. Brent crude futures inched up 7 cents to $59.03, while US crude added 9 cents to $53.40 a barrel. Rupee Opening Alert - Rupee opens higher at 70.90/$ vs Friday's close of Rs 71.14/$ Infosys Drops 10% After Whistleblower Complaints Shares of Infosys fell as much as 10 percent the most since Aug. 18, 2017—the day when former CEO Vishal Sikka resigned, to Rs 691.10. An anonymous whistleblower letter has alleged that the company’s Chief Exe...

The currency, debt and equity markets will be closed on Monday on account of assembly elections in Maharashtra. The polling for 90 Assembly seats of Haryana and 288 seats of Maharashtra started at 7 am and will continue till 6 pm. The counting of votes will take place on October 24. Financial markets will resume trading on Tuesday, October 22. The benchmark S&P BSE Sensex closed up 0.63 percent at 39,298.38 on Friday, while the broader NSE Nifty ended 0.65 percent higher at 11,661.85. On a weekly basis, both Sensex and Nifty ended with 3 percent gains. The 10-year benchmark bond yield closed at 6.70 percent, while the rupee settled at 71.15 to the dollar. IMF backs India's corporation tax cut, says it will help revive investment The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation an...

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...