It Is Weak Start For The Indian Indices On The Back Of Subdued Global Cues

It is weak start for the Indian indices on the back of subdued global cues, with Nifty below 11,550

The Sensex is down 135.59 points at 38,854.15, while Nifty is down 43.30 points at 11,527.90. About 320 shares have advanced, 355 shares declined, and 37 shares are unchanged.

NTPC, Infosys, Wipro, are among major gainers on the Indices, while losers are Yes Bank, Tata Motors, Nestle, Vedanta, Gail, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Sun Pharma, JSW Steel, Lakshmi Vilas Bank and Strides Pharma.

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Wall Street Ends Lower: US Stocks Slipped On Thursday

Wall Street ends lower: US stocks slipped on Thursday as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept uncertainty high, while trade comments from China's top diplomat helped to limit losses.

Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against US President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-US trade war.

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Shares Of Yes Bank Declined Over 5 Percent On BSE

Yes Bank Shares at 8-year low: Shares of Yes Bank declined over 5 percent on BSE to touch their 8-year low of Rs 50.85 and looked on course to extend their losses into the second consecutive session in a positive market on September 26.

Shares of DIL gained over 4 percent on September 26 after company received NCLT approval for scheme of amalgamation of Fermenta Biotech with DIL and their respective shareholders.

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Benchmark Indices Has Extended The Morning Gains

Benchmark indices has extended the morning gains on the back of possible US-China trade deal.

The Sensex is up 367.44 points at 38,960.96, while Nifty is up 116.80 points or 1.02% at 11,557. About 1042 shares have advanced, 460 shares declined, and 56 shares are unchanged.

Shares of GlaxoSmithKline Pharmaceuticals declined 5 percent in the early trade on September 26 after company suspended the distribution and supply of all dose forms of ranitidine hydrochloride products to all markets, including India, as a precautionary action pending the outcome of ongoing tests and investigations.

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It Is A Negative Start For The Indian Indices On The Back Of Weak Global Cues

It is a negative start for the Indian indices on the back of weak global cues with Nifty below 11,550.

The Sensex is down 221.88 points or 0.57% at 38875.26, and the Nifty down 67.00 points or 0.58% at 11521.20. About 318 shares have advanced, 457 shares declined, and 28 shares are unchanged.

Zee Ent, SpiceJet, Power Grid, Marico, Titan, TCS are among major gainers on the Indices, while losers are HDFC, Axis Bank, Britannia, Bajaj Finance, UPL and AU Small Bank, HDIL, Bank of Baroda and Yes Bank.

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Asian Stocks Fell On Wednesday After The US Lawmakers

Asian stocks fell on Wednesday after the US lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 44.50 points or 0.38 percent. Nifty futures were trading around 11,587.50-level on the Singaporean Exchange.

US stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest daily drop in a month as a push for the impeachment of US President Donald Trump gained momentum among Democrats in the US Congress.

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Shares Of Reliance Industries Jumped Over 3 Percent On September 24

Reliance Industries gains 3%: Shares of Reliance Industries jumped over 3 percent on September 24 after foreign brokerage house Morgan Stanley maintained overweight rating with a target at Rs 1,469 per share.

DHFL gains 3% ahead of meeting: Shares of Dewan Housing Finance Corporation (DHFL) added more than 3 percent in early trade on September 24 a day ahead of the company meeting where the draft resolution plan shall be discussed.

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The Sensex Is Up 172.22 Points Or 0.44% At 39262.25, And The Nifty Up 39.40 Points

The Sensex is up 172.22 points or 0.44% at 39262.25, and the Nifty up 39.40 points or 0.34% at 11639.60.

Ashok Leyland, Amara Raja, Motherson Sumi, Maruti Suzuki, Infosys, Tata Motors, Britannia, Zee Entertainment, TCS, HUL and Grasim Industries are among major gainers on the Indices, while losers are Tata Steel, JSW Steel, IOC, Yes Bank, SBI, Power Grid, Gail, Bajaj Finance, ICICI Bank, Asian Paints, Aurobindo Pharma, Thomas Cook and M&M.

Among sectors, bank, infra, metal and pharma are under pressure, while buying seen in the auto, energy and IT. Midcap and smallcap are trading with marginal gains.

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The Sensex Is Up 909.18 Points Or 2.39% At 38923.80, And The Nifty Up 276.60 Points

The Sensex is up 909.18 points or 2.39% at 38923.80, and the Nifty up 276.60 points or 2.45% at 11550.80. About 836 shares have advanced, 135 shares declined, and 30 shares are unchanged.

Britannia Industries, ITC, L&T, IndusInd Bank and Eicher Motors are among major gainers on the Nifty, while losers on the indices are Reliance Capital, Cox & Kings and Ruchi Soya.

Except IT, all other indices are trading higher led by the FMCG, infra, auto, bank, metal and energy.

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Asian Shares Started Higher On Monday On Hopes Of An Interim Sino-US

Asian shares started higher on Monday on hopes of an interim Sino-US tariff deal after the two countries described their talks as “productive” and “constructive”, while oil gained more than 1% as Middle East tensions remained elevated.

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 138.50 points or 1.22 percent. Nifty futures were trading around 11,478.50-level on the Singaporean Exchange.

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Shares Of HDFC Bank Surged 10 Percent On BSE On September 20

Shares of HDFC Bank surged 10 percent on BSE on September 20, marking their highest intraday gain in over 30 months, after the government announced corporate tax rate cut.

The corporate tax rate was cut by 800 basis points to 22 percent, without any exemption, from 30 percent.

The announcement made by FM, are expected to have maximum impact to improve market sentiment and address concerns of slowdown in the economy. Effective tax rate reducing to 25.17% will significantly improve profitability of full tax paying companies leading to change in roe leading to multiple re-rating.

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Benchmark Indices Jumped More Than 2 Percent On September 20

Benchmark indices jumped more than 2 percent on September 20 after Finance Minister Nirmala Sitharaman proposed to slash corporate tax for domestic companies and new domestic manufacturing companies.

The Sensex is up 872.52 points or 2.42% at 36965.99, while Nifty is up 243.50 points or 2.27% at 10948.30. About 1150 shares have advanced, 704 shares declined, and 83 shares are unchanged.

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Shares Of Bajaj Finance Rose 2.5 Percent On September 18 After The Company's Board

Shares of Bajaj Finance rose 2.5 percent on September 18 after the company's board, in its meeting held on September 17, approved raising of capital through a qualified institutions placement for an aggregate amount not exceeding Rs 8,500 crore by issue of equity shares and/or eligible securities.

Shares of Ahluwalia Contracts India added over 6 percent on September 18 after company secured new order of Rs 407 crore for construction of Medical College at village Koriyawas in Mohindergarh Distt. Rewari and other orders aggregating to Rs 90.36 crore .

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The Sensex Is Up 195.08 Points At 36676.17, While Nifty Is Up 58.80 Points At 10876.40

The Sensex is up 195.08 points at 36676.17, while Nifty is up 58.80 points at 10876.40. About 598 shares have advanced, 181 shares declined, and 37 shares are unchanged.

Indian Hotels, Lemon Tree Hotels, HPCL, Graphite India, Jubilant Life, Wockhardt, NCC, IOC, BPCL, Yes Bank, Hero Moto, Eicher, Indiabulls housing, Bajaj Finance are among major gainers on the indices, while losers are Britannia and UPL.

On the sectoral front, buying seen in the auto, oil &gas, metal, pharma, energy and infra, while FMCG and IT indices are trading lower.

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Glenmark Pharma Gets Orphan Drug Designation For GBR 1342

The US Food and Drug Administration has granted Orphan Drug Designation to its bispecific antibody candidate GBR 1342 for the treatment of patients with multiple myeloma who have received prior therapies.

Share price of Kaveri Seed Company added more than 2 percent on September 17 as meeting of the board of directors of the company will be held on September 24, 2019, to consider a proposal for buyback of fully paid-up equity shares of the company, quantum & mode of buyback and other matters incidental thereto, as per BSE release.

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Benchmark Indices Opened On Negative Note With Nifty Slipped Below 11,000 Level

Benchmark indices opened on negative note with Nifty slipped below 11,000 level.

The Sensex is down 112.62 points or 0.30% at 37010.69, and the Nifty down 32.30 points or 0.29% at 10971.20. About 405 shares have advanced, 232 shares declined, and 27 shares are unchanged.

Titan, Bharti Airtel, Yes Bank, Kaveri Seed, SAIL are some of major gainers on the indices, while losers are STC, MMTC, Indiabulls Housing, BPCL, IOC and HCL Tech.

Among sectors, auto, FMCG, metal and pharma are trading higher, while selling seen in the energy, bank, infra and IT.

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Share Price Of Mahindra And Mahindra Slipped 1.6 Percent After Company Declared No Production

Share price of Mahindra and Mahindra slipped 1.6 percent after company declared no production days ranging from 8-14 days in various plants of the company.

Share price of Equitas Holdings tumbled over 16 percent on September 16 after market regulator returned the company's draft scheme.

Glenmark Pharma shares gained more than 2 percent after souces told CNBC-TV18 that the US Food and Drug Administration inspected company's Indore unit last week.

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

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 101.50 points or 0.91 percent. Nifty futures were trading around 11,009.50-level on the Singaporean Exchange.

Oil prices surged to six-month highs on Monday while Wall Street futures fell and safe-haven bets returned after weekend attacks on Saudi Arabia’s crude facilities knocked out more than 5 percent of global oil supply.

Wall Street ends mixed on Friday: The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling US-China trade tensions.

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DHFL Shares Crack 5% After The Firm Reports Fresh Default

Dewan Housing Finance Corporation cracked 5 percent on BSE to Rs 49.40 on September 13 after it reported a fresh default towards the payment of principal and interest on non-convertible debentures.

The company, in a BSE filing on September 12, reported default of Rs 196.65 crore towards Rs 350-crore worth of NCDs issued by it.

The lenders of the debt-ridden company are working on a resolution plan but media reports indicated that the banks might miss the September 25 deadline, as they need more time to approve it.

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Wall Street Advanced On Thursday, And The S&P 500 Ended The Session

Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from the European Central Bank.

Technology gains led the S&P 500 and the Nasdaq higher, while financials gave the biggest boost to the blue-chip Dow, which closed up for the seventh consecutive session, its longest winning streak since May.

The Dow Jones Industrial Average rose 45.41 points, or 0.17%, to 27,182.45, the S&P 500 gained 8.64 points, or 0.29%, to 3,009.57 and the Nasdaq Composite added 24.79 points, or 0.3%, to 8,194.47.

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SBI Said It Will Raise Up To Rs 3,465 Crore By Offloading Up To 4.5 Percent

SBI said it will raise up to Rs 3,465 crore by offloading up to 4.5 percent stake in SBI Life Insurance Co to bring down the promoter shareholding as per regulatory norms.

The share sale process consists of a base issue of selling up to 3.5 percent with an option to additionally sell up to 1 percent of the total issued and paid up equity share of SBI Life.

The floor price for the share sale has been fixed at Rs 770 per equity share.

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Asian Stocks Rose On Thursday On Hopes For A Thaw In US-China Trade

Asian stocks rose on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% and Japan's Nikkei stock index rose 1%. Australian shares were up 0.41%.

Wall Street was led higher by tariff-sensitive technology and industrial stocks on Wednesday after China extended an olive branch ahead of next month's trade negotiations with the United States.

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YES Bank Rallied Over 5 Percent On 11 September Largely On Reports

YES Bank rallied over 5 percent on 11 September largely on reports which suggest that Yes Bank’s Rana Kapoor is in talks with Paytm to sell his stake in the bank he co-founded.

L&T bags order: The buildings and factories business of L&T Oman has been awarded the main works contract of The Mandarin Oriental, Muscat by Eagle Hills, Muscat.

Tata Motors gains 4%: Share price of Tata Motors rose 4.5 percent on September 11 after company's retail sales in China continued to recover as the company's local turnaround plan gathered momentum.

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Wall Street Ends Mixed: The S&P 500 Ended Little Changed On Tuesday

Wall Street ends mixed: The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favoured value over growth.

SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 45 points or 0.41 percent. Nifty futures were trading around 11,016-level on the Singaporean Exchange.

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The Sensex Is Down 151.08 Points Or 0.41% At 36830.69, And The Nifty Down 42.40 Points

The Sensex is down 151.08 points or 0.41% at 36830.69, and the Nifty down 42.40 points or 0.39% at 10903.80. About 375 shares have advanced, 369 shares declined, and 55 shares are unchanged.

Asian Paints Indiabulls Housing, UPL and Sun Pharma and Cipla, are among major gainers on the indices, while losers are Maruti Suzuki, Tata Motors, Eicher Motors, M&M, Hero MotoCorp, HDFC Bank, Kotak Mahiondra Bank, Axis Bank and JSW Steel, Yes Bank, TCS and Bajaj Finance.

Among sectors, except pharma other indices are trading lower led by auto, metal, energy, bank and IT.

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Asian Stocks Eked Out Modest Gains On Monday

Asian stocks eked out modest gains on Monday, amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world’s major economies, which showed further signs of struggle.

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 15.50 points or 0.14 percent. Nifty futures were trading around 10,975-level on the Singaporean Exchange.

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Tech Mahindra Gains 5% On Multi Year Deal With AT&T

Shares of Tech Mahindra gained 5 percent as company expanded its strategic collaboration with AT&T to accelerate AT&T’s IT network application, shared systems modernization and movement to the cloud.

Share price of Power Finance Corporation and REC rose nearly 5 percent on September 6 after broking house CLSA has upgraded the stocks from sell to buy.

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The Sensex Is Up 152.84 Points At 36797.26, While Nifty Up 36.50 Points At 10,884.40

The Sensex is up 152.84 points at 36797.26, while Nifty up 36.50 points at 10,884.40. About 386 shares have advanced, 199 shares declined, and 20 shares are unchanged.

PFC, REC, SBI, Bajaj Finance, Tech Mahindra. Tata Motors, Infosys, Vedanta, Bharti Airtel, are among major gainers on the indices, while losers are DLF, JSPL, Indiabulls Housing, Sun Pharma, HDFC Bank and Yes Bank.

Among sectors, except metal and pharma other indices are trading higher led by the IT, auto, infra, FMCG and bank. Midcap and smallcap are trading marginally higher.

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Trends On SGX Nifty Indicate A Positive Opening For The Broader Indices In India

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 39 points or 0.36 percent. Nifty futures were trading around 10,901.50-level on the Singaporean Exchange.

Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing US-China trade tensions and as firm US economic data bolstered risk appetites.

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PNB Gives In Principle Approval For Amalgamation

PNB gives in-principle approval for amalgamation: Punjab National Bank board has considered and decided to give its 'In-principle approval" for amalgamation of the Oriental Bank of Commerce and United Bank of India into Punjab National Bank and commence the amalgamation process for the same, subject to all applicable approvals.

Lupin jumped over 2 percent on Thursday after global research firm Morgan Stanley maintained an overweight call on the stock with target at Rs 1,003 per share.

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Wall Street's Main Indexes Rebounded On Wednesday, After Robust Economic Data

Wall Street's main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers' approval of a law to delay Brexit provided relief to investors worried about global growth.

Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.

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The Sensex Is Up 45.10 Points Or 0.12% At 36608.01, And The Nifty Up 20.70 Points

The Sensex is up 45.10 points or 0.12% at 36608.01, and the Nifty up 20.70 points or 0.19% at 10818.60. About 361 shares have advanced, 210 shares declined, and 30 shares are unchanged.

Bajaj Hindustan, Marico, Gail, Britannia, Zee Entertainment, Vedanta, L&T, Hero MotoCorp, Eicher Motors, and Coal India are among major gainers on the indices, while losers include Axis Bank, Yes Bank, HDFC Bank, ICICI Bank and Sun Pharma.

Among sectors, bank and pharma stocks are witnessing selling pressure, while some buying is seen in the FMCG, infra and IT.

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Asian Stocks Dipped Early Wednesday After Poor US Economic Data Stoked

Asian stocks dipped early Wednesday after poor US economic data stoked global recession fears and further soured investor sentiment already hurt by heightened trade war concerns.

US stocks fell on Tuesday as investors worried about global growth prospects after data showed US factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend.

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Infrastructure Major L&T On Tuesday Said Its Construction Arm Has Bagged

Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts.

"The transportation infrastructure and buildings and factories businesses of L&T Construction have secured a prestigious project from the Navi Mumbai International Airport Private Ltd for the engineering, procurement and construction of the greenfield Navi Mumbai International Airport at Navi Mumbai," L&T said in a regulatory filing.

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Wall Street Ended The Week With A Lackluster Session On Friday

Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,938.50-level on the Singaporean Exchange.

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