Shares Of Bharti Airtel Climbed Almost 3 Percent On BSE On November 29

Shares of Bharti Airtel climbed almost 3 percent on BSE on November 29 after reports emerged that the company has submitted bids for the assets of Reliance Communications.

A PTI report said Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications' telecom assets, including spectrum, mobile towers and optical fibre.

Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Down 112.52 Points Or 0.27% At 41017.65, And The Nifty Down 34.00 Points

The Sensex is down 112.52 points or 0.27% at 41017.65, and the Nifty down 34.00 points or 0.28% at 12117.20. About 395 shares have advanced, 276 shares declined, and 45 shares are unchanged.

Yes Bank, Indiabulls Housing, GAIL, Zee Ent, Titan, Tech Mahindra and UltraTech Cement are among major gainers on the Indices, while losers are Tata Steel, Bharti Infratel, JSW Steel, ICICI Bank, HUL, L&T, SBI and RIL.

Except pharma, all other sectoral indices are trading lower. Meanwhile, BSE Midcap and smallcap indices are trading marginally higher.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

RBL Bank Share Price Up 2% As Board To Consider Fundraising

RBL Bank share price rose nearly 2 percent intraday on November 28 after the company said its board is going to consider fundraising on November 30.

A meeting of the board of directors of the bank is proposed to be held on November 30 to consider and if thought fit to approve raising of funds by way of issue of equity shares of the bank on a preferential basis.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Reliance Industries Hit Market Cap Of Rs 10 Lakh Crore

Reliance Industries hit market cap of Rs 10 lakh crore. The company has become the first company to hit Rs 10 lakh crore and is also the most valued company in terms of market cap.

Reliance Industries was quoting at Rs 1,579, up Rs 9.25, or 0.59 percent. Market capitalisation stands at Rs 1,000,953.20 crore.

Tata Communications share price surged more than 6 percent on November 28 after company signed an agreement with Kacific Broadband Satellites Group.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Yes Bank Share Price Adds 8% After Co Offloaded Reliance Capital Stake

Yes Bank share price added 8.5 percent intraday on November 27 after the company offloaded shares of Reliance Capital for the third consecutive session on November 26.

The lender sold 17,22,587 shares of Reliance Capital at Rs 16.51 per share through a bulk deal, data on NSE showed on November 26. 

This took the total transaction value to Rs 2.84 crore. Also, on November 25 it sold over 16 lakh shares of Reliance Capital for around Rs 3 crore through an open market transaction.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

It Is A Positive Start For The Indian Indices On November 27

It is a positive start for the Indian indices on November 27 with Nifty above 12,050.

The Sensex is up 168.65 points or 0.41% at 40989.95, and the Nifty up 46.10 points or 0.38% at 12083.80. About 426 shares have advanced, 154 shares declined, and 32 shares are unchanged.

Yes Bank, Bharti Infratel, UPL, Eicher Motors, Tata Motors, TCS, ICICI Bank, HDFC and M&M are among major gainers on the Indices, while losers are Cipla BPLC, Zee Ent, Coal Indian and Sun Pharma.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

DLF Share Price Jumps 3% After Morgan Stanley Upgarde, Sees 20% Upside

Shares of DLF gained close to 3 percent on Monday after Morgan Stanley upgraded the stock to overweight from equal-weight and has raised the target price to Rs 269 from Rs 201implying more than 20 percent upside from the current level.

The global research firm said DLF has restructured its business model and balance sheet to become a more focused development and rental company adding that the spotlight will shift towards monetisation of its Rs 10,000 crore in unsold completed inventory, leading to positive free cash flow generation and potentially, further deleveraging.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 110.99 Points Or 0.28% At 40470.40, And The Nifty Up 31 Points

The Sensex is up 110.99 points or 0.28% at 40470.40, and the Nifty up 31 points or 0.26% at 11945.40. About 592 shares have advanced, 238 shares declined, and 58 shares are unchanged.

Bharti Infratel, Bharti Airtel, Titan, UltraTech Cement, Infosys, RIL, Vedanta, Tata Steel and JSW Steel are among major gainers on the Indices, while losers are Zee Entertainment, ONGC, BPCL and Tata Motors.

All the sectoral indices are trading higher led by the metal, infra and IT.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Down 16.00 Points Or 0.04% At 40559.17, And The Nifty Down 12.90 Points

The Sensex is down 16.00 points or 0.04% at 40559.17, and the Nifty down 12.90 points or 0.11% at 11955.50.

NTPC, Sun Pharma, ITC, Nestle, ICICI Bank, Coal India, Tata Motors are among major gainers on the Indices, while losers are Zee Entertainment, Bharti Airtel, Asian Paints and BPCL.

Among sectors, except bank and IT, all other indices are trading higher.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Asian Shares Up From Three-Week Lows, But Trade Uncertainty Nags

Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.12%. The index had fallen as much as 1.41% on Thursday, hitting its lowest level since October 30. Australian shares were up 0.52% and Japan's Nikkei gained 0.1%.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Zee Entertainment Share Price Rises 15% On Stake Divestment

Zee Entertainment Enterprises share price rose 15 percent in the early trade on November 21 after promoters of the media house mulled selling their stake in the company.

Essel Group, a promoter of the company, is looking to sell up to 16.5 percent stake in the media company.

After the transaction, Essel's holding will come down to five percent in the company, out of which encumbered holding will be 1.1 percent.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 16.59 Points Or 0.04% At 40668.23, And The Nifty Down 1.30 Points

The Sensex is up 16.59 points or 0.04% at 40668.23, and the Nifty down 1.30 points or 0.01% at 11997.80. About 749 shares have advanced, 620 shares declined, and 68 shares are unchanged.

Delhi High Court has passed an order placing restrictions on any sale, disposal or creation of any encumbrance on any assets of the company, which include the company's 4.28% shareholding in Reliance Nippon Life Asset Management Limited, till December 16, 2019.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

ICICI Bank Share Price Gained On November 20

ICICI Bank share price gained on November 20 as brokerage house Macquarie remained bullish on the stock and raised target price by 25 percent on strong return on equity going ahead.

Apollo Hospitals Enterprises share price gained 1.82 percent on November 20 after Japanese brokerage firm Nomura raised target price on potential free cash flow generation in coming years.

Majesco share price gained more than 1 percent on November 20 after Ullico Casualty Group selected Majesco to underpin their digital transformation and growth strategy.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 155.20 Points Or 0.38% At 40624.90, And The Nifty Up 41.70 Points

Indian indices opened on positive note on November 20 with Nifty above 11,950.

The Sensex is up 155.20 points or 0.38% at 40624.90, and the Nifty up 41.70 points or 0.35% at 11981.80. About 441 shares have advanced, 226 shares declined, and 37 shares are unchanged.

RIL, Bharti Airtel, ICICI Bank, IOC, Power Grid, Bharti Infratel, HPCL, IndusInd Bank, Grasim are among major gainers on the Indices, while losers are Yes Bank, Tata Steel, Infosys, Tata Motors, Axis Bank, Hero MotoCorp and ITC.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Shares Of SBI Life Insurance Company Fell 5.6 Percent

SBI Life Insurance share price falls 6%: Shares of SBI Life Insurance Company fell 5.6 percent intraday on November 19 after big block deals in the opening. About 3.3 crore shares (representing 3.4 percent of total paid up equity) exchanged hands through several block deals, reports CNBC-TV18.

Shares of Future Retail declined nearly 2 percent after global brokerage house Morgan Stanley cut its price target for the stock.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 68.43 Points Or 0.17% At 40352.62, And The Nifty Up 17.10 Points

It is positive start for the Indian indices on November 19 with Nifty above 11,900.

The Sensex is up 68.43 points or 0.17% at 40352.62, and the Nifty up 17.10 points or 0.14% at 11901.60.

Bharti Airtel, Grasim, Bharti Infratel, Tata Steel, Tata Motors, IndusInd Bank, Tech Mahindra, Infosys and Axis Bank are among major gainers on the Indices, while losers are UPL, Gail and Kotak Mahindra Bank.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

HCL Infosystems Locked At 20% Upper Circuit

HCL Infosystems locked at 20% upper circuit: HCL Learning, a wholly owned subsidiary of HCL Infosystems, has concluded the sale of entire shareholding of its wholly owned subsidiary HCL Insys Pte Ltd., Singapore to PCCW Solutions, Hong Kong for a consideration of SGD 57,628,787.

National Stock Exchange of India, on November 18 introduced the facilitation of subscription in State Development Loans through its e-Gsec platform to enable retail participation through the non-competitive bidding route, a media release of the exchange said.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The benchmark Indices Extended The Losses With Nifty Below 11,900

The benchmark indices extended the losses with Nifty below 11,900. The Sensex is down 104.92 points or 0.26% at 40251.77, and the Nifty down 19.70 points or 0.17% at 11875.80. About 1038 shares have advanced, 1094 shares declined, and 123 shares are unchanged.

Shares of PSU banks extended previous day's gains on November 18 as brokerage houses remained bullish on SBI and ICICI Bank after the Supreme Court of India Friday pronounced that the resolution of Essar Steel would proceed as per the proposed resolution plan of October 2018.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Glenmark Pharma Share Price Jumped Over 4 Percent Intraday On November 15

Glenmark Pharma share price jumped over 4 percent intraday on November 15 after the company had reported a consolidated net profit to Rs 255.54 crore for the second quarter ended in September.

The company posted a net profit of Rs 414 crore in the July-September quarter a year ago, Glenmark Pharmaceuticals said in a BSE filing.

The net sales of the company stood at Rs 2,763.73 crore, up 8.81 percent, during the period under review as against Rs 2,539.85 crore of the corresponding quarter previous fiscal.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

State Bank Of India Share Price Rose More Than 2 Percent In The Early Trade

State Bank of India share price rose more than 2 percent in the early trade on November 15 after the board had approved divestment of company's stake in SBI Cards.

The executive committee of the Central Board of Directors of the bank at its meeting has accorded final approval for divestment of SBI stake in SBI Cards upto 4 percent through IPO by way of offer for sale of upto 3,72,93,371 equity shares.

The offer is subject to the approval of the Securities and Exchange Board of India, or Government of lndia, Reserve Bank of lndia and/or such other concerned authorities and departments.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Bharti Airtel Share Prices Were Down Over 3 Percent Intraday On November 14

Telecom stocks came under pressure on November 14 after the Department of Telecom had issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

The DoT has given option to telecom operators to clear all the dues on self-assessment basis.

Bharti Airtel share prices were down over 3 percent intraday on November 14 and was the top Sensex loser while Bharti Infratel tanked close to 8 percent following the notice.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Bata India Share Prices Jumped Close To 5 Percent In The Morning

Bata India share prices jumped close to 5 percent in the morning session on November 14 after the company had reported consolidated net profit which jumped 30.1 percent at Rs 71.3 crore versus Rs 54.9 crore. Its revenue was up 7.3% at Rs 721.9 crore versus Rs 673 crore YoY.

The company said it would strengthen its presence in the domestic market by adding 500 stores in the next five years, focusing mainly on smaller markets. 

The company has identified tier II, III and IV cities where it has plans to broaden its sales network through the franchise model, Bata India said in a statement.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Share Price Of Coal India Gained Over A Percent In Early Trade On November 13

The share price of Coal India gained over a percent in early trade on November 13 after the company posted a 14 percent rise in consolidated net profit at Rs 3,522.7 crore for the quarter ended September. Its net profit stood at Rs 3,084.54 crore in the year-ago period, the company said in a regulatory filing.

Coal India's total income, however, declined to Rs 22,012.94 crore in the July-September quarter of the financial year 2019-20 from Rs 23,486.35 crore in the corresponding period of previous fiscal.

Global research firm Citi has maintained a buy rating and has raised the target to Rs 270 from Rs 250 per share. However, it is of the view that volume weakness could persist for a few months. 

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Down 23.32 Points At 40321.76, And The Nifty Down 8 Points

The Sensex is down 23.32 points at 40321.76, and the Nifty down 8 points at 11,905.50.

Britannia Industries, Yes Bank, Coal India, TCS, Wipro, Tech Mahindra, Power Grid are among major gainers on the Indices, while losers are Infosys, Zee Entertainment, Hindalco and Gail.

All the sectoral indices are trading with marginal gains. The Indian rupee slipped in the early trade on Wednesday. It opened lower by 29 paise at 71.75 per dollar versus Monday's 71.46.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Share Price Of Glenmark Pharma Added More Than 1 Percent Intraday

Share price of Glenmark Pharma added more than 1 percent intraday on November 11 after company received final approval by the United States Food & Drug Administration.

Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Adapalene and Benzoyl Peroxide Gel, 0.1%|2.5%, the generic version of Epiduo1 Gel, 0.1%|2.5%, of Galderma Laboratories L.P.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Share Price Of Auto Major Ashok Leyland Tanked Over 5 Percent

Share price of auto major Ashok Leyland tanked over 5 percent at open on November 11 after the company reported a massive 92.6 percent year-on-year decline in its net profit at Rs 38.9 crore for the second quarter ended September 30, 2019. It had posted a net profit of Rs 527.7 crore in the year-ago period.

The company posted one-time loss of Rs 64.8 crore in Q2FY20 against loss of Rs 19.3 crore in corresponding period last fiscal, due to expenses on voluntary retirement scheme and provision for obligation relating to a subsidiary.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

DLF Share Price Gains 6% After MSCI Inclusion, Q2 Numbers

Shares of DLF added more than 6 percent in the morning trade on November 8 after the realtor found a place on the MSCI India Domestic Index. Morgan Stanley Capital International, in its semi-annual rebalancing of portfolio, has included the company in its India Domestic Index.

In the quarter ended September, the company posted 19 percent jump in its net profit at Rs 445.9 crore versus Rs 374.4 crore in the same quarter last fiscal. The company revenue was down 19.8 percent at Rs 1,715.5 crore versus Rs 2,139 crore.

Earnings before interest, tax, depreciation and amortisation were down 46.9 percent at Rs 350.3 crore against Rs 659.3 crore, while the margin was down at 20.4 percent versus 30.8 percent, YoY.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

State Bank Of India Has Lowered Lending Rates Resulting Loans

State Bank of India has lowered lending rates resulting loans to get cheaper. The bank has cut its MCLR by 5 basis points across all tenors, its seventh consecutive cut in borrowing rates in FY 2019-20.

The bank's one-year MCLR will be 8.0 percent per annum, with effect from November 10, 2019 and has also cut its FD rates by 15 basis points for deposits for one year to less than two years maturity.

State Bank of India has also slashed bulk deposit rates by 30-75 bps across tenors citing adequate liquidity in the system for lowering FD rates.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Lupin Share Price Falls 3% Post Q2 Loss; CLSA Retains Sell

Share price of Lupin was trading lower by over 3 percent intraday on Thursday after CLSA maintained sell call on the stock and has cut target to Rs 650 from Rs 660 per share.

The research firm is of the view that Solosec ramp-up remains weak and US generic launch pipeline remains thin adding that building in Rs 540 crore provision has led to cut FY20 EPS by 36 percent. The firm has also cut FY21-22 EPS estimates by 5-6 percent.

Lupin reported a consolidated net loss of Rs 127.1 crore in the quarter-ended September as against a profit of Rs 266 crore in the same period last fiscal and Rs 303 crore in Q1 FY20. The pharma company posted a one-time loss of Rs 546.5 crore. However, profit before one-time loss stood at Rs 457.3 crore.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Asian Shares Paused Near Multi-Month Peaks On Thursday

Asian shares paused near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-US trade deal left investors frustrated at the lack of concrete progress.

MSCI’s broadest index of Asia-Pacific shares outside Japan was a shade lower, just off a six-month high hit earlier in the week. Japan's Nikkei started in the red, having touched a 13-month top on Wednesday, while South Korean stocks were 0.3 percent down after hitting their highest since May.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

PC Jeweller Share Price Climbs 11% On Settlement Of Buyback Case With SEBI

Shares of PC Jeweller rallied 11 percent intraday on November 6 after the company settled the share buyback case with capital market regulator SEBI. SEBI said adjudication proceedings against the company have been disposed off.

The company paid Rs 19,12,500 towards full and final settlement of the alleged default, it added. The matter pertains to the company's buyback offer that was approved by its board on May 10, 2018.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Sun Pharma Share Price Jumps 5% On Signing Licence Agreement With AstraZeneca

Shares of Sun Pharmaceutical Industries and AstraZeneca Pharma added 5 percent and 2 percent respectively on November 5 after both companied entered in to licensing agreement.

Sun Pharmaceutical Industries and AstraZeneca UK Ltd. entered into a licensing agreement to introduce certain novel ready to-use infusion oncology products in China, as per Sun Pharma BSE release. The agreement will help to bring cost effective and quality drugs to patients in China.

As per the terms of the agreement, Sun Pharma will be responsible for development, regulatory filings and manufacturing the products covered in the agreement while AstraZeneca will exclusively promote and distribute these products in China.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Yes Bank Gains Nearly 9% After Jhunjhunwala Buys 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 stake in the company via open market transactions. 

Ace investor Rakesh Jhunjhunwala bought 1.29 crore shares in private lender on November 4 through open market transactions.

According to bulk deal data available with the BSE, Jhunjhunwala bought 12,950,000 shares of the private lender, that translates to around 0.5 percent stake in the bank. The shares were bought at an average price of Rs 67.1, taking the transaction to Rs 86.89 crore.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 48.83 Points Or 0.12% At 40350.79, And The Nifty Up 9.50 Points

The Sensex is up 48.83 points or 0.12% at 40350.79, and the Nifty up 9.50 points or 0.08% at 11950.80. About 643 shares have advanced, 384 shares declined, and 50 shares are unchanged.

Auto and pharma stocks ate the top gainers while FMCG stocks dragged. Most active shares on NSE included YES Bank, HDFC, Bajaj Finance, Infosys and SRF.

The company has received establishment inspection report from the the US Food and Drug Administration for its biologics drug product facility in Bengaluru, stating the inspection is closed.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Shares Of Tata Motors Slipped 2 Percent In The Early Trade On November 4

Shares of Tata Motors slipped 2 percent in the early trade on November 4 on the back of weak sales numbers for the month October 2019. On November 1, the company reported a 34 percent fall in its October 2019 sales at 41,354 vehicles.

The carmaker had sold 62,264 units in October last year. The company’s domestic sales for October 2019 was down 32 percent at 39,152 units against 57,710 units YoY.

The total CV sales fell 36 percent at 28,002 units against 43,813 units and M&HCV sales shed 63 percent at 4,893 units against 13,185 units, YoY.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session with Nifty above 11,900.

The Sensex is up 105.87 points or 0.26% at 40270.90, and the Nifty up 42.40 points or 0.36% at 11933.00.

Sensex is up 144.26 points or 0.36 percent at 40309.29 in the opening trade while the Nifty is up 52.40 points or 0.44 percent at 11943.00. Tata Steel, Vedanta and IndusInd Bank are the top gainers while YES Bank, Tata Motors and Mahindra & Mahindra are the top losers.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Maruti Suzuki October Sales Increase 4.5 Percent YoY To 1.53 Lakh Units

Maruti Suzuki registered a 4.5 percent growth year-on-year in October sales led by compact, UV segments while the month-on-month growth was pretty high at 25.4 percent driven by festive season and heavy discounts. 

Company sold 1.53 lakh units during the month against 1.46 lakh units sold in same month last year, which was lower than Nomura expectation of 1.7 lakh units.

Maruti said domestic sales in October grew by 4.5 percent year-on-year to 1.44 lakh units and exports increased 5.7 percent YoY to 9,158 units. Passenger car sales at 1.06 lakh units increased 4.4 percent year-on-year.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Bharti Airtel Slips 3% After S&P Places Co On Credit Watch Negative

Shares of Bharti Airtel slipped 3 percent intraday on November 1 after S&P has placed the company on credit watch negative. S&P has placed the company on credit watch negative on adverse Supreme Court ruling, reported CNBC-TV18.

According to S&P the company may not be able to absorb payout due to SC ruling. Earlier, Fitch Ratings has placed Bharti Airtel’s ‘BBB-‘ long-term foreign-currency issuer default rating on rating watch negative.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com