Bharti Airtel Share Price Added 3 Percent On January 9

Bharti Airtel share price added 3 percent on January 9 after the company launched its Qualified Institutional Placement worth $2 billion. The special committee of directors has fixed a floor price of Rs 452.09 per share.

Shares of Indiabulls Housing Finance rallied more than 5 percent intraday on January 9 as company offered pre-mature redemption of its non-convertible debentures.

Strides Pharma share price gained over 2 percent as research house maintained outperform rating with a target of Rs 525 per share. It expect EPS to improve manifold over FY19-22 and company is one of the preferred picks in the midcap space.

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It Is A Strong Start For The Indian Indices On January 9 With Nifty

It is a strong start for the Indian indices on January 9 with Nifty above 12,150 level supported by positive global cues.

The Sensex is up 452.41 points or 1.11% at 41,270.15, and the Nifty up 136.40 points or 1.13% at 12,161.80. About 662 shares have advanced, 85 shares declined, and 24 shares are unchanged.

Asian Paints, JSW Steel, HPCL, IOC, BPCL, SBI, Tata Steel, Hindalco are among major gainers on the Indices, while losers are TCS, Tech Mahindra and Wipro.

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Market Benchmarks Are In The Red, Tracking Weak Global Cues

Market benchmarks are in the red, tracking weak global cues. Most Asian markets felt the heat of rising tensions between the US and Iran after Iran fired rockets at an Iraqi airbase that hosts US military forces, stoking fears of further sharp escalations in a developing conflict.

The BSE Sensex was 97 points, or 0.24 percent, down at 40,772. Nifty50 was 42 points, or 0.35 percent, down at 12,011 at that time. 

The Indian rupee is trading lower by 17 paise at 72 per dollar versus previous close 71.83.

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Granules India And Glenmark Pharma Share Prices Rallied Nearly 3 Percent

Granules India and Glenmark Pharma share prices rallied nearly 3 percent in the morning trade on January 7 on receiving approvals from the US health regulator for new drugs.

Granules India, with a market capitalisation of Rs 3,100 crore, got the US Food and Drug Administration’s nod for Acetaminophen tablet, a painkiller.

Glenmark Pharma got the clearance for Deferasirox tablets, reported CNBC-TV18. Deferasirox is used in the treatment of chronic iron overload syndrome.

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Sobha Share Price Added Over 2 Percent On January 6 After Company Reported

Sobha gains 2% on better Q3 sales volume: ​Sobha share price added over 2 percent on January 6 after company reported better sales volume numbers in the quarter ended December 2019.

Creditors to Dewan Housing Finance Corp have permitted the company to resume lending operations, starting with Rs 500 crore a month, Mint reports. 

A document from RBI-appointed administrator R Subramaniakumar showed DHFL is recovering Rs 1,700-1,800 crore every month from previous loans, the report said.

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Share Price Of Apollo Hospitals Enterprises Jumped Over 3 Percent On Januuary 2

Share price of Apollo Hospitals Enterprises jumped over 3 percent on Januuary 2 after the company got approval for Apollo Munich deal from CCI, RBI & IRDA.

Share price of auto major Tata Motors gained a percent after global research firm Citi maintained a buy rating on the stock with target at Rs 200 per share.

The firm has a positive stance on the JLR recovery while domestic commercial vehicle and passenger vehicle volumes remain weak in December.

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Benchmark Indices Opened On Positive Note On January 2

Benchmark indices opened on positive note on January 2 with Nifty above 12,200.

The Sensex is up 101.18 points or 0.24% at 41407.20, and the Nifty up 26.70 points or 0.22% at 12209.20. About 474 shares have advanced, 122 shares declined, and 31 shares are unchanged.

Tata Steel, Hindalco, Vedanta, Bharti Infratel, IndusInd Bank, Yes Bank, Tata Motors are among major gainers on the Indices, while losers are Zee Entertainment, Sun TV, Titan and UPL.

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Shares Of RBL Bank Climbed By Over A Percent On BSE On January 1

Shares of RBL Bank climbed by over a percent on BSE on January 1, a day after it said it had raised Rs 675.80 crore through preferential allotment of shares. 

RBL Bank on December 31 said it has raised Rs 675.80 crore through preferential allotment of shares, completing total fundraising of Rs 2,701 crore. A total of 1.98 crore shares were allotted preferentially at a price of Rs 340.70 per share on December 30.

Share price of Adani Green jumped 5 percent in the early morning trade on January 1 after the firm commissioned 75 MW wind power project. Adani Renewable Energy, a stepdown subsidiary of Adani Green Energy has commissioned its 75 MW Wind Power Project having Power Purchase Agreement with Maharashtra State Electricity Distribution Company at Rs 2.85/kWh for a period of 25 years.

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Sensex Is Up 119.86 Points Or 0.29% At 41373.60, And The Nifty Up 33.90 Points

Sensex is up 119.86 points or 0.29% at 41373.60, and the Nifty up 33.90 points or 0.28% at 12202.40. L&T, Reliance Industries and Infosys are the top gainers while Reliance Industries, Indiabulls Housing and Tata Motors are the most active stocks.

All sectoral indices are trading in the green with Nifty PSU Bank adding half a percent. About 544 shares have advanced, 145 shares declined, and 33 shares are unchanged.

The Indian rupee opened marginally up by 2 paise at 71.36 per dollar on January 1, against the previous day's close of 71.38 after some selling of the greenback by banks and importers.

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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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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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