Shares Of Bharti Airtel Climbed 2 Percent On December 30

Shares of Bharti Airtel climbed 2 percent on December 30, a day after the company hiked its mandatory minimum recharge for pre-paid customers to Rs 45 from Rs 23.

BEML share price rose 2.5 percent on December 30 after company signed a MoU with IRCON International to explore and address opportunities in the overseas market by synergizing each other’s strengths for large infrastructure projects in the transportation sector, as per press release.

Share price of Snowman Logistics and Gateway Distriparks added 5-7 percent in the early trade on December 30 after later one to sell its entire stake in Snowman Logistics.

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State Bank Of India Share Price Added Over 2 Percent Intraday

State Bank of India share price added over 2 percent intraday on December 27 after research house Citi maintained buy call and raised the target price. 

Citi has raised target to Rs 400 from Rs 375 per share on the back of higher target for SBI Life and higher multiple on core banking business.

Share price of Allahabad Bank zoomed over 8 percent in the early morning trade on December 27 after the government released fresh capital infusion fund of Rs 2,153 crore for the bank.

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

SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 30 points or 0.25 percent. Nifty futures were trading around 12,223.50-level on the Singaporean Exchange.

Wall Street ends higher: The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over US-China trade relations and gains in shares of Amazon.com after a report signalled robust online holiday sales.

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Shares Of Bharti Airtel Declined A Percent On December 26

Shares of Bharti Airtel declined a percent on December 26 after African arm has set the issue price for the Airtel Malawi initial public offering.

Airtel Africa Plc, which has presence in 14 countries across Africa, on December 11, had said it would float its local business Airtel Malawi Plc subsidiary on the Malawi Stock Exchange.

Yes Bank share price fell more than 1 percent in the early trade on December 26 on rating downgrade by Brickwork Ratings.

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The Sensex Is Up 5.82 Points Or 0.01% At 41467.08, And The Nifty Up 3.20 Points

It is a flat start for the Indian indices on December 26 with Nifty holding above 12,200.

The Sensex is up 5.82 points or 0.01% at 41467.08, and the Nifty up 3.20 points or 0.03% at 12217.70. About 397 shares have advanced, 183 shares declined, and 48 shares are unchanged.

M&M, Nestle, UPL, Eicher Motors and Titan are among major gainers on the Indices, while losers are Bharti Infratel, RIL, Wipro, Infosys, Yes Bank and Axis Bank.

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L&T Technology Wins Multi-Million-Dollar EPCM Project In Europe

L&T Technology wins multi-million-dollar EPCM project in Europe: The company won a multi-million dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management services for the expansion of an existing site in Europe.

PSP Projects share price rose 3 percent in the early trade on December 23 after company emerged as lowest bidder for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City, Gandhinagar, Gujarat with bid value of Rs 307.53 crore.

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Asian Markets Idled Near 18-Month Highs On Monday

Asian markets trade firm: Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty gains made earlier this month.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 7.50 points or 0.06 percent. Nifty futures were trading around 12,300-level on the Singaporean Exchange.

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Shares Of Titan Company Climbed Over 2 Percent On BSE

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.

Shares of Bharat Heavy Electricals fell 3 percent intraday on December 20 as Morgan Stanley retained bearish stance on the stock.

Lemon Tree Hotels share price rose 4 percent on December 20 after company opened its first international hotel in Dubai under the company’s brand ‘Lemon Tree Hotel’.

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Lupin Receives Approval For Betamethasone Dipropionate Ointment USP

Lupin receives approval for Betamethasone Dipropionate Ointment USP: The company has received approval for its Betamethasone Dipropionate Ointment USP, 0.05%, from the United States Food and Drug Administration, to market a generic equivalent of Diprolene Ointment, 0.05%, of Merck Sharp and Dohme Corp. The product will be manufactured at Lupin’s Pithampur facility, India.

Equity benchmarks are flat as gains in shares of State Bank of India, ICICI Bank and HDFC Bank were offset by losses in shares of HDFC, Kotak Mahindra Bank and ITC.

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Wall Street Update: The S&P 500 Ended A Five Day Winning Streak

Wall Street update: The S&P 500 ended a five-day winning streak on Wednesday as investors' optimism about global economic growth was countered by a steep drop in FedEx Corp shares, but the benchmark index managed to hover near all-time highs, reported Reuters.

FedEx shares tumbled 10 percent after the US parcel delivery company cut its fiscal 2020 profit forecast on heavy expenses, slowing global trade and fallout from its breakup with Amazon.com Inc.

The decline in FedEx shares weighed on the blue-chip Dow industrials. Shares of rival package delivery company United Parcel Service Inc fell 1.9 percent.

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The Sensex Is Down 38.79 Points Or 0.09% At 41519.78, And The Nifty Down 15.10 Points

The Sensex is down 38.79 points or 0.09% at 41519.78, and the Nifty down 15.10 points or 0.12% at 12206.60. About 336 shares have advanced, 309 shares declined, and 30 shares are unchanged.

M&M, Asian Paints, HDFC bank and Dr Reddy's Lab, TCS, are among major gainers on the Indices, while losers are Tata Steel, Tata Power, IndusInd Bank, ICICI Bank and Bharti Airtel.

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Shares Of Dr Reddy’s Laboratories Climbed By Over A Percent In Morning Trade

Shares of Dr Reddy’s Laboratories climbed by over a percent in morning trade on December 18 after the foreign brokerage firm Credit Suisse maintained an outperform call on the stock. Credit Suisse has set the target price at Rs 3,055 per share of Dr Reddy’s Laboratories.

"Revlimid Litigation is delayed and the trial is now expected to begin in Q2FY21. Revlimid is a large opportunity as it could add more than $500 million net present value even in the worst case," said Credit Suisse.

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Shares Of Tata Steel Gained More Than 2 Percent Intraday On December 18

Shares of Tata Steel gained more than 2 percent intraday on December 18 after a media report suggested that the company may announce the restructuring of the domestic business to unlock value.

Tata Steel BSL also rallied more than 2 percent, Tata Metaliks climbed 4.4 percent and Tata Steel Long Products jumped 8 percent intraday.

Sources told CNBC-TV18 that Tata Steel may form 4 verticals which are long products, mining, Tata Steel and Tata Steel Utilities & Services.

The Tata Group company may look at restructuring listed companies Tata Metaliks and Tata Sponge which both may be named Tata Steel Long Products, sources said, adding that the company may look at restructuring Tinplate in future.

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Lupin Completes Divestment In Kyowa

Lupin completes divestment in Kyowa: Lupin announced that its subsidiary, Nanomi B.V. has completed the divestiture of the entire stake in Kyowa Pharmaceutical Industry Co. Ltd to Unison Capital Partners IV, LPS and Unison Capital Partners. L.P, pursuant to the satisfactory completion of all customary closing conditions.

Cipla share price added nearly 2 percent on December 17 after company acquired brand name and trademark rights for Vysov & Vysov M of the anti-diabetic drug, Vildagliptin for the Indian market.

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Maruti Suzuki India Share Price Added 1.5 Percent In The Early Trade

Maruti Suzuki India share price added 1.5 percent in the early trade on December 17 after foreign research house Bank of America Merrill Lynch has upgraded the stock and also raise the target price.

The research house has upgraded its rating on Maruti Suzuki to buy from neutral and raised target to Rs 8,650 from Rs 7,450 per share.

Shares of Tech Mahindra opened with softer gains on December 17 even as most brokerages maintained their positive view on the stock a day after the analyst meet with Tech Mahindra's leadership.

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Reliance Industries Arm Enters Into Binding Agreements With Brookfield

Reliance Industries arm enters into binding agreements with Brookfield: Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries has entered into binding agreements with Brookfield Infrastructure Partners L.P. and its institutional partners, for an investment of Rs 25,215 crore in the units to be issued by the Tower Infrastructure Trust.

Baddi manufacturing unit of Glenmark Pharmaceuticals was inspected by the leading European regulator, SUKL, Czech Republic in the week of Oct 21, 2019.

The European regulator has just issued a certificate of compliance for the facility stating that it complies with the principles and guidelines of Good Manufacturing Practice.

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Maruti Suzuki Sells Over 6 Lakh Automatic Cars

Maruti Suzuki sells over 6 lakh automatic cars: Maruti Suzuki has created a new milestone with the sales of over 6 lakh automatic transmission passenger vehicles.

Out of these 6 lakh automatics sold, over 5 lakh vehicles are equipped with popular Auto Gear Shift technology.

Research house Nomura has maintained buy on IndusInd Bank and raised target to Rs 1,750 from Rs 1,575 per share.

It feels that the asset side strength should offset its weakness of liabilities and expect ROEs at 18-19% over FY21-22.

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Dr Reddy’s Laboratories Dips 3%: Credit Suisse Has Maintained Outperform

Dr Reddy’s Laboratories dips 3%: Credit Suisse has maintained outperform call with a target at Rs 3,055 per share.

Expect company to launch generic of NuvaRing in H2FY21. The large market size still makes it attractive for the later generic entrants. Teva & Mayne Pharma may expect approval in CY20 as well.

Share price of Premier Explosives zoomed over 17 percent intraday on December 13 after the the company received license from Government of Telangana to work on a factory at Katepally, near Hyderabad. The stock also witnessed spurt in volume by more than 11.63 times.

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Yes Bank Seeks SEBI Exemption For Its Rs 2,000cr QIP In Jan

Yes Bank is seeking exemption from the Securities and Exchange Board of India's six-month rule for its Rs 2,000 crore qualified institutional placement scheduled for January, reports The Economic Times.

As per SEBI guidelines, there should be a gap at least six months before a company can raise a second QIP. The bank had earlier raised Rs 1,930 crore via a QIP in August.

Share prices of airline companies including Interglobe Aviation, Jet Airways, and SpiceJet gained 1 to 4 percent in the morning trade on December 13, a day after data showed an increase in domestic passenger traffic in the previous month.

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The Heavy Civil Infrastructure Business Of L&T Construction Has Secured

The Heavy Civil Infrastructure business of L&T Construction has secured a prestigious order from Rail Vikas Nigam Limited for the construction of Rishikesh - Karanprayag Tunnel 2 package works comprising tunnels, bridges and formation works in the state of Uttarakhand.

Shares of KEC International gained 2.5 percent intraday on December 12 after Japanese brokerage firm Nomura has initiated coverage on the stock with a buy call and target price of Rs 388, implying 40 percent potential upside from current levels.

"Company's focus on growth with stable margins offers comfort and rising market share amid reduced competition is a key catalyst," the research house said.

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Benchmark Indices Are Holding On Their Morning Gains With Nifty Trading

Benchmark indices are holding on their morning gains with Nifty trading above 11,950 level.

The Sensex is up 147.37 points or 0.36% at 40559.94, and the Nifty up 46.30 points or 0.39% at 11956.50. About 1002 shares have advanced, 504 shares declined, and 98 shares are unchanged.

Ujjivan Small Finance Bank, the subsidiary of microfinance lender Ujjivan Financial Services, settled at Rs 58 on the Bomaby Stock Exchange on December 12 in the pre-opneing session.

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Reliance Capital Dips 5% On Interest Payment Delay

Reliance Capital share price touched 52-week low of Rs 10.90, falling nearly 5 percent on December 11 after delayed in payment on interest / principal obligations due on December 9, 2019.


PC Jeweller share price touched 52-week low of Rs 21.05, down 8.5 percent in the early trade on December 11 after CARE Ratings has downgraded the medium term instrument of the company.

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The Sensex Is Up 87.59 Points Or 0.22% At 40327.47, And The Nifty Up 25.00 Points

It is a positive start for the Indian indices on December 11 with Nifty inching towards 11,900 level.

The Sensex is up 87.59 points or 0.22% at 40327.47, and the Nifty up 25.00 points or 0.21% at 11881.80. About 393 shares have advanced, 198 shares declined, and 31 shares are unchanged.

Tata Steel, Dish TV, Vodafone Idea, JSPL and Indiabulls Housing, are among major gainers on the Indices, while losers are Yes Bank, SBI, RIL, Nestle and Britannia Industries.

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HDFC Gains As Kotak Upgrades Rating, Raises Target Price

Housing Development Finance Corporation share price rose 1 percent intraday on December 10 after broking house Kotak Institutional Equities upgraded the stock and also raised the target price.

Kotak Institutional Equities has upgraded the stock to buy rating from add and also raised its target price to Rs 2,600 from Rs 2,400 per share. According to the broking house, the company will be a key beneficiary of consolidation in the NBFC sector.

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Benchmark Indices Are Trading Marginally Lower With IT Stocks

Benchmark indices are trading marginally lower with IT stocks are witnessing selling pressure.

The Sensex is down 16.31 points or 0.04% at 40471.12, and the Nifty down 7.20 points or 0.06% at 11930.30. About 697 shares have advanced, 804 shares declined, and 73 shares are unchanged.

The share price touched 52-week low of Rs 23.80, falling nearly 4 percent intraday on December 10 on rating downgraded by CRISIL.

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Wall Street Ended Solidly Higher On Friday As A Strong Jobs Report

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. All three major US stock indexes gained ground, hovering within 1 percent of record highs set last week.

The Dow Jones Industrial Average rose 337.27 points, or 1.22 percent, to 28,015.06, the S&P 500 gained 28.48 points, or 0.91 percent, to 3,145.91 and the Nasdaq Composite added 85.83 points, or 1 percent, to 8,656.53.

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The Sensex Was Up 64.73 Points Or 0.16% At 40509.88, And The Nifty Was Up 14.80 Points

The Sensex was up 64.73 points or 0.16% at 40509.88, and the Nifty was up 14.80 points or 0.12% at 11936.30. About 388 shares have advanced, 206 shares declined, and 47 shares are unchanged.

Zee Entertainment, Maruti Suzuki, Asian Paints, Hero MotoCorp and Tata Steel are among major gainers on the Indices, while losers are Vodafone Idea, Bharti Infratel, Wipro, Axis Bank, IndusInd Bank and ITC.

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Yes Bank Sheds 6% Post Moody's Downgrades

Yes Bank share price shed 6 percent after Moody's downgraded bank's company's long term foreign currency issuer rating to B2 from Ba3.

Mahindra and Mahindra share prices dip 1.36 percent post acquisition announcement of Meru

Its sales numbers fell from 41,557 in November 18 to 38,053 in November 19 as per the unaudited production, sales and export figures reported by the company.

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Wall Street Eked Out Slight Gains On Thursday As Investors Waited

Wall Street eked out slight gains on Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China before a new round of tariffs scheduled to kick in on December 15.

The Dow Jones Industrial Average rose 28.01 points, or 0.1%, to 27,677.79, the S&P 500 gained 4.67 points, or 0.15%, to 3,117.43 and the Nasdaq Composite added 4.03 points, or 0.05%, to 8,570.70.

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Reliance Industries Share Price Climbed Almost 2 Percent In Early Trade On December 5

Reliance Industries share price climbed almost 2 percent in early trade on December 5 after Goldman Sachs raised the target price of the stock to Rs 1,850.

The global financial firm reiterated a buy rating on the stock, raising the target price to Rs 1,850 from Rs 1,635.

Goldman Sachs also raised an earnings estimate of the company for FY21 and FY22 and said that the growth and free cash flow are accelerating. CLSA too has a buy recommendation on the stock and raised the target price to Rs 2,010 from Rs 1,710.

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The Sensex Is Up 61.55 Points Or 0.15% At 40911.84, And The Nifty Up 14.70 Points

It is positive start for the Indian indices on December 5 ahead of RBI monetary policy meeting.

The Sensex is up 61.55 points or 0.15% at 40911.84, and the Nifty up 14.70 points or 0.12% at 12057.90.

ICICI Bank, RIL, Zee Ent, Tata Motors and UltraTech Cement are among major gainers on the Indices, while losers are Bharti Airtel, HDFC AMC, HUDCO, BPCL, Sun Pharma, Asian Paints and HDFC.

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The Sensex Is Down 112.23 Points Or 0.28% At 40563.22, And The Nifty Down 35.60 Points

The Sensex is down 112.23 points or 0.28% at 40563.22, and the Nifty down 35.60 points or 0.30% at 11958.60. About 249 shares have advanced, 391 shares declined, and 31 shares are unchanged.

Bharti Infratel, ICICI Bank, TCS, Wipro, Tata Motors, HUL and Eicher Motors are among major gainers on the Indices, while losers are HCL Tech, JSW Steel, Tata Steel, Vedanta and Hindalco.

Among sectors, except IT all other indices are trading in red led by the metal, auto and infra.

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Tata Motors Share Price Gained 6 Percent On December 4

Tata Motors share price gained 6 percent on December 4 after a double-digit growth in Land Rover lifted overall sales in the United States.

In November, Tata Motors' subsidiary and UK-based luxury carmaker Jaguar Land Rover sold 12,472 units in the US, an increase of 6.2 percent year-on-year.

It sold 11,744 units in the US during November 2018. On month-on-month basis, sales increased by 19.4 percent.

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RBL Bank Share Price Declined Over 1 Percent Intraday

RBL Bank share price declined over 1 percent intraday on December 3 after the company launched the qualified institutional placement issue for subscription on December 2.

The Capital Raising Committee of the bank approved the floor price for the QIP at Rs 352.57 per equity share, at a 5.5 percent discount on Monday's closing price. 

"We will offer a discount of not more than 5 percent on the floor price," it said in a release on the exchange.

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Asian Shares Skidded On Tuesday After US President Donald Trump

Asian shares skidded on Tuesday after US President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak US factory data added to the investor gloom.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.45% in early trade, with Australian shares dropping nearly 2%, on track for their worst day in two months. Japan’s Nikkei shed 1.1%.

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Bajaj Auto November Sales Falls 1%, But Beat Analyst Estimates

Two and three wheeler maker Bajaj Auto announced sale of 4 lakh units in November 2019, lower by a 1 percent compared to total sales in same period last year. 

The month-on-month sales dropped 13 percent. Company sold 4.06 lakh units in November 2018; and 4.63 lakh units in October 2019 which was driven by festival season.

Domestic sales fell 12 percent year-on-year to 2.07 lakh units, but exports grew by 14 percent to 1.95 lakh units, the highest ever in a month, compared to year-ago month, company said in its BSE filing.

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It Is Positive Start For The Indian Indices On December 2 With Nifty Above 12,050

It is positive start for the Indian indices on December 2 with Nifty above 12,050.

The Sensex is up 66.45 points or 0.16% at 40860.26, and the Nifty up 14.20 points or 0.12% at 12070.20. About 428 shares have advanced, 243 shares declined, and 72 shares are unchanged.

Reliance Industries, Escorts, Bharti Airtel, IDFC First Bank and PNB are among major gainers on the Indices, while losers are Yes Bank, Eicher Motors, Tata Motors, ONGC, Titan and Suven Life.

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