Shares Of Bank of Maharashtra Touched 52-Week High Of Rs 20

Shares of Bank of Maharashtra touched 52-week high of Rs 20; rising 3.6 percent intraday after company reported profit in the quarter ended March 2019 (Q4FY19).

The Indian indices are trading under pressure with Nifty slipped below 11,700 level.

The Sensex is down 204.98 points at 38862.35, while Nifty is down 63 points at 11691.70. About 458 shares have advanced, 1111 shares declined, and 80 shares are unchanged.

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It Is Flat Start For The Indian Indices On April 30

It is flat start for the Indian Indices on April 30. The Sensex is down 60.31 points at 39007.02, while Nifty is down 27.20 points at 11727.50. About 351 shares have advanced, 409 shares declined, and 61 shares are unchanged.

Maruti Suzuki, Yes Bank, Bharti Infratel, IndusInd Bank, Hero Motocorp, DHFL, L&T, PNB Housing, are among major losers on the indices, while gainers are ONGC, Grasim Industries, Wipro and Tech Mahindra.

Among sectors, Bank Nifty is under pressure with a fall of 1 percent. Auto and metal stocks are also trading lower.

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Shares In Asia Fell On Tuesday Despite Another Record High Close

Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a US Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy.

The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign.

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Torrent Pharma Plant Received Observations

Torrent Pharma Plant Received Observations:

Company informed exchanges that the audit at Indrad Plant of the company was carried out by US Food and Drug Administration in April 2019.

"We have received certain observations which are procedural in nature and the company is confident of addressing them satisfactorily," it said.

Gujarat State Fertilizers & Chemicals has commissioned 10MW solar power project at Gujarat Solar Park.

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The Sensex Is Up 108.56 Points At 38839.42, While Nifty Is Up 47.20 Points

The Sensex is up 108.56 points at 38839.42, while Nifty is up 47.20 points at 11689. About 393 shares have advanced, 199 shares declined, and 30 shares are unchanged.

The gainers in the morning session are Axis Bank, HCL Tech, Bharti Airtel, Sun Pharma, Yes Bank, GAIL, Dr Reddy's Lab, SBI, Tata Steel, Indiabulls Housing, Bharti Infratel and Zee Entertainment, while losers are Maruti Suzuki, Tata Motors, Hero Moto, M&M and Kotak Mahindra Bank.

Among the sectors, except auto all other sectors are witnessing buying led by metal, pharma, bank, infra, energy, IT and FMCG.

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Wall Street Ends Mixed: The S&P 500 Closed Just Barely Lower On Thursday

Wall Street ends mixed: The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.

Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 11,727.50-level on the Singaporean Exchange.

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Share Price Of Tata Global Beverage Fell More Than 3 Percent As Company

Share price of Tata Global Beverage fell more than 3 percent as company reported weak set of numbers.

The company's Q4 net profit shed 61.5 percent to Rs 22.9 crore while revenue rose 5.2 percent to Rs 1,775.5 crore.

Shares of Coromandel International rose 6 percent after company reported strong numbers for the quarter ended March 2019.

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Benchmark Indices Opened Higher On Wednesday With Nifty Trading

Benchmark indices opened higher on Wednesday with Nifty trading above 11,600 level.

The Sensex is up 131.49 points at 38696.37, while Nifty is up 36.20 points at 11612.20. About 470 shares have advanced, 179 shares declined, and 20 shares are unchanged.

Coromandel International, IOC, HPCL, BPCL, Indiabulls Housing, IndusInd Bank, Gail Zee Ent, HDFC, JSW Steel, RIL, Eicher Motors are among major gainers on the indices, while UltraTech Cement, ACC, ITC, Sun Pharma and Tata Global Beverage are trading lower.

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Equity Markets In Asia Rose On Wednesday Morning

Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 14.50 points. Nifty futures were trading around 11,609 -level on the Singaporean Exchange.

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Pharma Major Lupin Rallied 4.4 Percent In Morning After Morgan Stanley

Pharma major Lupin rallied 4.4 percent in morning after Morgan Stanley upgraded its rating on the stock to overweight from equalweight earlier and also increased price target by 40 percent, citing reasonable valuations.

After a sharp fall in earnings and stock price over the past four years, Lupin now appears well positioned for recovery, the global brokerage said, adding niche products should drive an earnings revival in F20-21, and visibility is improving all the way to F23.

Hence, it increased price target to Rs 1,094 from Rs 783 earlier.

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Indian Indices Opened Higher On Tuesday With Nifty Above 11,600

Indian indices opened higher on Tuesday with Nifty above 11,600 mark.

The Sensex is up 38.43 points at 38683.61, while Nifty up 20 points or 0.17% at 11614.50. About 386 shares have advanced, 294 shares declined, and 31 shares are unchanged.

IndusInd Bank, ITC, Cipla, Lupin, Zee Entertainment, Tata Steel, are among major gainers on the indices, while losers are Gail, BPCL, IOC, HPCL, Yes Bank, PC Jewellers, Reliance Infra, Reliance Communications and Indiabulls Housing.

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Wall Street Ends Mixed: US Stocks Ended A Low Volume Trading Session

Wall Street ends mixed: US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.

Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market's enthusiasm.

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Shares Of Tata Coffee Rose 3.5 Percent After Company Reported

Shares of Tata Coffee rose 3.5 percent after company reported better numbers for the quarter ended March 2019.

The company's Q4 net profit jumped 62 percent to Rs 10.49 crore against Rs 6.46 crore in the same quarter last year.

The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the US economy, though moves remained small as many investors were still away for the long Easter weekend.

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The Sensex Is Down 200.46 Points Or 0.51% At 38939.82, And The Nifty Down 74.30 Points

The Sensex is down 200.46 points or 0.51% at 38939.82, and the Nifty down 74.30 points or 0.63% at 11678.50. About 317 shares have advanced, 591 shares declined, and 53 shares are unchanged.

Tata Coffee, SpiceJet, Dr Reddy's Lab, HDFC Bank, are among major gainers on the indices, while losers are Reliance Undustries, Jet Airways, Reliance Capital, Reliance Infra, Reliance Power, Reliance Comm, SBI, DHFL and Canara Bank.

On the sectoral front except IT all other sectors are trading lower led by energy, infra, auto, bank, metal and pharma.

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Asian Stocks Were Steady On Monday As Investors Awaited

Asian stocks were steady on Monday as investors awaited the return of major financial markets from the Good Friday holiday, while oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 35 points or 0.30 percent. Nifty futures were trading around 11,773-level on the Singaporean Exchange.

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Motilal Oswal Has Maintained Its 'neutral' Stance On Mindtree

Motilal Oswal has maintained its 'neutral' stance on Mindtree after the company posted its Q4 results. The brokerage has set the target price at Rs 1,000 for the stock.

"Our revenue/earnings estimates are largely unchanged after the results. Over FY19-21, we expect USD revenue CAGR of 12.4 percent and earnings CAGR of 17 percent. MTCL trades at 18.4/15.5x FY20/21E earnings. Our TP of Rs 1,000 discounts forward earnings by 16x and implies an upside of 3 percent," it said.

However, Prabhudas Lilladher has advised to 'REDUCE' the stock with a target price at Rs 873. It added that weakening TCV may narrow Mindtree's growth multiple.

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The Sensex Is Up 106.15 Points Or 0.27% At 39381.79, And The Nifty Up 25.80 Points

It is strong start for the Indices on Thursday with Nifty above 11,800 level.

The Sensex is up 106.15 points or 0.27% at 39381.79, and the Nifty up 25.80 points or 0.22% at 11813.00. About 529 shares have advanced, 384 shares declined, and 62 shares are unchanged

RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, are the major gainers in the indices, while losers are Jet Airways, Infosys, TCS and Hindalco.

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Trends On SGX Nifty Indicate A Flat Start For The Broader Indices In India

Trends on SGX Nifty indicate a flat start for the broader indices in India, a gain of 3 points or 0.03 percent. Nifty futures were trading around 11,852-level on the Singaporean Exchange.

Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines.

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Asian Share Markets Swung Higher On Wednesday As A Raft Of Chinese Data

Asian share markets swung higher on Wednesday as a raft of Chinese data easily beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy.

Investors were hoping for better news from China and were not disappointed with first-quarter economic growth pipping forecast at 6.4 percent.

More importantly industrial output surged 8.5 percent in March from a year earlier, blowing away forecasts of a 5.9 percent increase. Retail sales also pleased with a rise of 8.7 percent.

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Reliance Industrial Infrastructure Has Recommended A Dividend Of Rs 3 Per Equity Share

Reliance Industrial Infrastructure has recommended a dividend of Rs 3 per equity share of Rs 10 each for the year ended March 31, 2019.

Shares Deepak Fertilisers and Petrochemicals Corporation gained 7 percent as company announced the commercial production of Nitric Acid complex at Dahej, Gujarat.

The new facility, with project cost of approximately Rs. 550 crore, has production capacities of 92 KTPA for Concentrated Nitric Acid and 149 KTPA for Diluted Nitric Acid.

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Indian Indices Opened Higher On Tuesday With Nifty Above 11,700 Level

Indian indices opened higher on Tuesday with Nifty above 11,700 level.

The Sensex is up 173.03 points or 0.44% at 39078.87, and the Nifty up 51.50 points or 0.44% at 11741.90. About 546 shares have advanced, 156 shares declined, and 30 shares are unchanged.

Dr Reddy's Lab, Vedanta, Cola India, ICICI Bank, IOC, Asian Paints, Wipro, Hero Moto, JSW Steel , Bharti Airtel, SBI are the major gainers on the indices in the morning trade, while on the other hand Infosys, Tata Motors, HUL and Tata Steel are trading lower.

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Wall Street Lost Ground On Monday, Dragged Down By Financials

Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,754-level on the Singaporean Exchange.

Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.

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Shares Of SpiceJet Rose 7 Percent On Monday After Company Is Launching New Direct Flights

Shares of SpiceJet rose 7 percent on Monday after company is launching new direct flights to international destinations.

The company will connect Mumbai to a host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu. The new international flights will commence from May-end.

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The Sensex Is Up 70.98 Points Or 0.18% At 38838.09, And The Nifty Up 22.10 Points

The Sensex is up 70.98 points or 0.18% at 38838.09, and the Nifty up 22.10 points or 0.19% at 11665.60. About 533 shares have advanced, 207 shares declined, and 44 shares are unchanged.

TCS, Coal India, Tata Motors, Hero Moto, Wockhardt, Lakshmi Vilas Bank, DLF, ITC, GMR Infra, IOC are among major gainers, while losers are Infosys, Gail and ICICI Bank.

All the sectoral indices are trading in green led by metal, auto, infra, FMCG, and energy.

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Asian Shares Started On A Firm Footing On Monday

Asian shares started on a firm footing on Monday and the dollar eased as risk appetite was whetted by better-than-expected data from China that helped boost confidence about the health of the world economy.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 6.50 points or 0.06 percent. Nifty futures were trading around 11,685-level on the Singaporean Exchange.

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Cipla Has Launched Niveoli, India’s First Extra Fine Particle

Cipla has launched Niveoli, India’s first extra-fine particle beclomethasone-formoterol combination hydrofluoroalkane inhaler for adults, targeting drug delivery to the small airways.

Avenue Supermarts shares fell 1.5 percent in morning on April 12 after global brokerage house Morgan Stanley initiated coverage with underweight rating on the stock. 

 Its target price for the stock stood at Rs 1,120 per share, implying 24 percent downside from current levels.

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Lupin Shares Gained 2 Percent After It Announced The Launch Of Testosterone

Lupin shares gained 2 percent after it announced the launch of Testosterone Gel, 1.62%, having received an approval from the United States Food and Drug Administration.

Vodafone Spain in association with OnMobile Global introduces Kids Planet, an entertainment app with over 3,000 contents from Sanrio, Planeta Junior, Highlights for Children, Lingo Kids, Motion Pictures and many others, with a high educative value, addressed to kids from 3 to 12 years old.

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Benchmark Indices Opened Flat With Positive Bias On Friday

Benchmark indices opened flat with positive bias on Friday with Nifty above 11,600 mark.

The Sensex is up 58.09 points or 0.15% at 38665.10, while Nifty is up 20 points or 0.17% at 11616.70. About 452 shares have advanced, 303 shares declined, and 31 shares are unchanged.

IOC, TCS, Infosys, ONGC, HPCL, BPCL, Tata Steel, RIL, Wipro, Power Grid, Cipla, Bajaj Finance are among major gainers, while losers are HCL Tech, Tata Motors, HDFC, Dr. Reddy's Lab, Adani Ports and Yes Bank.

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Lupin Has Announced That It Has Received Approval For Its Testosterone Gel

Lupin has announced that it has received approval for its Testosterone Gel, 1.62% , from the United States Food and Drug Administration.

Lupin's Testosterone Gel is the generic equivalent of AbbVie's AndroGel. 

It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone.

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Benchmark Indices Are Trading Higher In The Pre Opening With Nifty

Benchmark indices are trading higher in the pre-opening with Nifty around 11,600 level.

The Sensex is up 89.11 points or 0.23% at 38674.46, and the Nifty up 25.60 points or 0.22% at 11609.90.

Sun Pharma, Zee entertainment, Vedanta, Tata Steel, Hindalco, Maruti Suzuki are trading lower, while Indiabulls Real Estate, Bajaj Finance, HDFC Bank, Dish TV are trading higher.

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Asian Stocks Held Near Eight Month Highs On Thursday

Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected US inflation.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 11 points or 0.09 percent. Nifty futures were trading around 11,662.50-level on the Singaporean Exchange.

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Praj Industries Surged 7 Percent After Company Signed A Construction License Agreement

Praj Industries surged 7 percent after company signed a construction license agreement with US-based Gevo, Inc to offer technology for production of high energy renewable aviation jet fuels.

Shares of Mahindra CIEAutomotive rallied nearly 2 percent after the company completed the acquisition of Aurangabad Electricals for Rs 830 crore.

The incident involved a spillage in the red mud cake storage area. As a precautionary measure, operations have been temporarily suspended to assess the situation.

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The Sensex Is Down 60.01 Points At 38879.21, While Nifty Is Down 19.10 Points

The Sensex is down 60.01 points at 38879.21, while Nifty is down 19.10 points at 11,652.90. About 314 shares have advanced, 431 shares declined, and 38 shares are unchanged.

Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail,

On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher.

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Trade Sensitive Industrials Dragged Wall Street Lower On Tuesday

Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook.

Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.

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Here Are Stocks That Are In The News Today:

Bharti Airtel: SEBI approves company's Rs 25,000 crore fund raising plan - CNBC-TV18 Sources

Panacea Biotec: India Resurgence Fund, promoted by Piramal Enterprises and Bain Capital Credit, along with its affiliates has announced an investment of up to Rs 992 crore in the company

Usha Martin's CFO Rohit Nanda resigned as the CFO w.e.f. April 9, appointed Anirban Sanyal as the new CFO

Voltas: Company in pact to sell Shima Seiki's products in India.

Fortis Healthcare: Girish Gupta steps down as CFO with immediate effect. Company appoints Vivek Kumar Goyal As Chief Financial Officer.

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Indian Indices Are Trading Flat With Negative Bias With Nifty Opened

Indian indices are trading flat with negative bias with Nifty opened below 11,600 level.

The Sensex is down 78.46 points at 38,622.07, while Nifty is down 25.50 points at 11579. About 346 shares have advanced, 341 shares declined, and 28 shares are unchanged.

Bharti Airtel, Zee Entertainment, HCL Tech, Wipro, HUL, Britannia Industries are trading with marginal gains, while lowers are Dhanlaxmi Bank, Asian Paints, BPCL, Sun Pharma, Gail, Kotak Mahindra Bank, Tata Motors HCPL and IOC.

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Asian Shares Got Off To A Subdued Start On Tuesday

Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the US earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 2 points or 0.02 percent. Nifty futures were trading around 11,685-level on the Singaporean Exchange.

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Lakshmi Vilas Bank And Indiabulls Housing Merger On Cards

Is the announced merger between Lakshmi Vilas Bank and Indiabulls Housing Finance a marriage made in heaven? It feels like a marriage of convenience.

The share swap ratio of 0.14:1, or 14 shares of IHF for every 100 shares of LVB has been agreed upon by the respective boards of directors. This implies a 35 percent premium to the closing price of LVB as of April 5, 2019 and 63 percent premium to the last six months' average price.

Reacting to the news, Lakshmi Vilas Bank rose 5 percent while Indiabulls Housing Finance slipped a little over 3 percent in trade.

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The Sensex Is Up 102.10 Points At 38964.33, While Nifty Up 20.10 Points At 11686.10

The Sensex is up 102.10 points at 38964.33, while Nifty up 20.10 points at 11686.10. About 566 shares have advanced, 276 shares declined, and 51 shares are unchanged.

NIIT, HUL, Titan HDFC Bank, Vedanta, Tata Steel, JSW Steel, Lakshmi Vilas Bank, are among major gainers on the indices, while losers are Indiabulls Housing Finance, HPCL, BPCL, Asian Paints, NIIT Tech, HCL Tech and RIL.

Among the sectors, except energy all other indices are trading in green led by infra, metal, pharma and FMCG.

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Trends On SGX Nifty Indicate A Flat Opening For The Broader Indices

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 1 points or 0.01 percent. Nifty futures were trading around 11,774-level on the Singaporean Exchange.

Asian shares inched up to seven-month highs on Monday as investors cheered a rebound in US payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough US earnings season.

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Jyothy Laboratories Shares Gained 5.5 Percent In Morning

FMCG company Jyothy Laboratories shares gained 5.5 percent in morning on April 5 after global brokerage firm Macquarie has initiated coverage on the stock with an outperform rating.

The brokerage set target price for stock at Rs 250 per share, implying 36 percent potential upside from current levels.

Macquarie said it likes company's diverse product portfolio with a presence in mainstay categories.

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Indian Indices Opened Higher On Friday With Nifty Trading

Indian indices opened higher on Friday with Nifty trading above 11,600 level.

The Sensex is up 112.68 points at 38797.40, while Nifty is up 36.90 points at 11634.90. About 544 shares have advanced, 199 shares declined, and 43 shares are unchanged.

Yes Bank, Cipla, Titan, IndusInd Bank, M&M, Hero Moto, Vedanta, Zee Entertainment, Sun Pharma, IOC, are among major gainers, losers are Adani Ports, Britannia, Cola India, Bharti Airtel.

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Asian Share Markets Consolidated Weekly Gains On Friday

Asian share markets consolidated weekly gains on Friday as Sino-US talks dragged on with no concrete conclusions, while caution ahead of US payrolls and a holiday in China and Hong Kong dampened volatility.

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 12.50 points or 0.11 percent. Nifty futures were trading around 11,697.50-level on the Singaporean Exchange.

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Tata Consultancy Services Said That National Bank Of Bahrain, A Leading Bank In The Region

Tata Consultancy Services said that National Bank of Bahrain, a leading bank in the region, has selected TCS BaNCS for Core Banking as part of its digital transformation to diversify its business lines, deliver superior customer experience, and leverage the power of an extended and connected ecosystem.

TCS BaNCS will standardise and streamline NBB's operations across multiple countries where the Bank operates, including its home market of Bahrain, the UAE, and Saudi Arabia, where NBB is continuing to expand its presence and activities.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session.

The Sensex is up 29.29 points or 0.08% at 38906.41, and the Nifty up 28.50 points or 0.24% at 11672.50.

Indiabullls Housing, Hero Motocorp, Titan, UltraTech Cement, L&T, Vedanta, Bharti Airtel, SRF, Godrej Agrovet are among major gainer, while losers are Wipro, HCL Tech, Zee Entertainment, UPL, BPCL, JSW Steel and Tata Steel.

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Wall Street Ends Higher: US Stocks Edged Higher On Wednesday

Wall Street ends higher: US stocks edged higher on Wednesday, extending a strong start to the quarter as a rally among chipmaker shares provided a boost to the broader market on growing hopes of a trade deal between Washington and Beijing.

Asian shares paused near an eight-month peak on Thursday as investors awaited developments on trade talks between the United States and China, who appear closer to signing a deal, nudging bond yields higher globally and softening the safe-haven yen.

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Arvind Fashions Slips 2% After CFO Resigns

Shares of Arvind Fashions declined more than 2 percent intraday on April 3 after the resignation of company's CFO.

The company in its press release said that Kannan Soundararajan resigned as Chief Financial Officer and key managerial personnel of the company effective from April 2.

However, Pramod Gupta has been appointed as the new CFO.

The company board has appointed Punit Sanjay Lalbhai as an additional director and Vani Kola as an independent director of the company.

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The Sensex Is Up 119.33 Points At 39175.98, While Nifty Up 31.90 Points At 11745.10

The Sensex is up 119.33 points at 39175.98, while Nifty up 31.90 points at 11745.10. About 451 shares have advanced, 174 shares declined, and 41 shares are unchanged.

Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India.

Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma and energy.

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Asian Shares Hovered Near Seven Month Highs Early On Wednesday

Asian shares hovered near seven-month highs early on Wednesday as global investors paused for breath after the strong rally seen earlier this week, while oil approached the key $70 per barrel mark.

Trends on SGX Nifty indicate a flat to positive start for the broader indices in India, a gain of 13 points or 0.11 percent. Nifty futures were trading around 11,800-level on the Singaporean Exchange.

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Indian Indices Opened Higher On Tuesday With Nifty Around 11,700 Level

Indian indices opened higher on Tuesday with Nifty around 11,700 level.

The Sensex is up 86.98 points or 0.22% at 38958.85, and the Nifty up 9.70 points or 0.08% at 11678.90. About 505 shares have advanced, 169 shares declined, and 43 shares are unchanged.

The major gainers are Eicher Motors, Dr Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech.

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