Allcargo Logistics rises 4% on acquiring controlling stake in Gati
One death and 122 new COVID19 positive cases reported till 1030 am today, taking the total number of positive cases in the state to 13,338, says Rajasthan Health Department
Share Market Today: Domestic indices Sensex and Nifty fell sharply and closed at a decline of 0.80% each on Friday's trade, backed by selling pressure across all sector-based indices. BSE Sensex ended 334 points lower at 40,445, and Nifty fell 96 points to 11,921. All the sector-based indices turned red by the closing hour, with nearly 4% decline in media and PSU bank scrips. YES Bank, Zee Entertainment, SBI, GAIL and IndusInd Bank were among the top losers in today's trade. Bharti Infratel, Dr Reddy, Kotak Bank, Tata Steel and JSW Steel, on the other hand, were among the top gainers.
Domestic indices Sensex and Nifty erased early gains in Friday's trade and fell 0.80% each, backed by selling pressure across all sector-based indices. BSE Sensex traded down 355 points at 40,423, and Nifty fell 100 points to 11,911. All the sector-based indices turned red by the closing hour, with nearly 4% decline in media and PSU bank scrips.
Share price of Dr. Reddy's Laboratories rose 2.68% and touched an intraday high of Rs 2947 after the company announced the launch of Deferasirox Film-Coated Tablets, in the US market.
Dr. Reddy's Deferasirox Film-Coated Tablets, is a therapeutically equivalent generic version of Jadenu® (deferasirox) and is available in 90 mg and 360 mg dosage strengths in bottle count sizes of 30.
Maruti stock price fell 95 points or 1.3% on Friday after the automaker said it will be recalling 63,493 petrol hybrid variants of Ciaz, Ertiga and XL-6 models to rectify faults that may be potential safety defects.
Share Market Today: Domestic indices Sensex and Nifty erased early gains in Friday's trade and fell 0.30% each, backed by selling pressure across all sector-based indices. BSE Sensex traded down 170 points at 40,611, and Nifty fell 51 points to 11,966.
RBL Bank shares declined 7.5% to the intraday low of Rs 338 on BSE, on the closing day of its QIP. The bank has raised Rs 2,025 crore at Rs 351 per share through qualified institutional placement offering (QIP)
"Bank has successfully concluded the QIP of Rs 2,025 crore at an issue price of Rs 351 per share (including premium of Rs 341) pursuant to the allotment of 5.77 crore equity shares," company said in a BSE filing.
Vodafone Idea shares fell 8.89% to the day's low of Rs 6.66 on BSE after Aditya Birla Group Chairman Kumar Mangalam Birla said that the company would not put good money after bad and shut shop if the government did not give relief to Vodafone Idea.
Aditya Birla Group holds 27.66 per cent stake in the telco, while Vodafone holds 44.39 per cent.
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Shares of logistics firm Allcargo Logistics climbed over 4% in Friday's early trade after the company declared it is acquiring a controlling stake in worth Rs 416 crore in Gati, an Hyderabad-headquarterd courier delivery services company.
Allcargo Logistics stock price opened with a gain of 3.03% today and later rose 4.09% to the intraday high of Rs 98 on BSE.
In the meanwhile, share price of Gati Ltd opened with a gap-up chart pattern to rise 2.73% to the day's high of Rs 67.8, but later gave up gains and fell 4.85% to touch an intraday low of Rs 62.
The share price of Bank of Baroda fell 4% in the early trade after the public sector lender said that the bank's board has approved raising up to Rs 1,850 crore in tier-I bonds, with a base issue size of Rs 500 crore and a Green Shoe Option to retain over subscription up to Rs 1,350 crore.
On fund-raising news, the shares of Bank of Baroda fell 4.01% to an intraday low of Rs 98.15 on BSE, against the previous closing price of Rs 102.25.
YES Bank, Zee Entertainment, SBI, GAIL and M&M were among the top losers in today's trade. Bharti Infratel, Dr Reddy, Kotak Bank, Asain Paints and HDFC Bank, on the other hand, were among the top gainers.
Share Market Today: Domestic indices Sensex and Nifty erased early gains in Friday's trade and fell 0.30% each, backed by selling pressure across all sector-based indices. BSE Sensex traded down 120 points at 40,667, and Nifty fell 36 points to 11,980. Except pharma stocks, all the other sector-based indices traded in red, with nearly 3% decline in media and PSU bank scrips.
Share Market Today: Domestic indices Sensex and Nifty erased early gains on Friday's trade and traded flat with negative bias. Sensex traded down 4.81 points at 40774.78, and Nifty fell 2.80 points to 12015.60.
Shares of Vodafone Idea traded more than 5% lower on Friday after rating agency Brickworks downgraded telecom operator's rating on Non-Convertible Debentures. As per the rating firm, the downgrade is on account of considerable impact of the AGR related liability on the financial performance of the company resulting in huge losses, erosion of net worth and deterioration in the overall risk profile of the company.
Following the downgrade, Vodafone Idea Limited shares fell 5.4% to the day's low of Rs 6.91 compared to the previous closing of Rs 7.31 on BSE today.
Shares of Vodafone Idea traded more than 5% lower on Friday after rating agency Brickworks downgraded telecom operator's rating on Non-Convertible Debentures. As per the rating firm, the downgrade is on account of considerable impact of the AGR related liability on the financial performance of the company resulting in huge losses, erosion of net worth and deterioration in the overall risk profile of the company.
Following the downgrade, Vodafone Idea Limited shares fell 5.4% to the day's low of Rs 6.91 compared to the previous closing of Rs 7.31 on BSE today.
The Indian rupee was trading flat in opening trade on Friday. At the interbank foreign exchange the rupee opened at 71.30. The local unit fluctuated between a high of 71.27 and a low of 71.34 in early trade.
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On Thursday, The RBI unexpectedly kept benchmark interest rate unchanged at 5.15 per cent and reverse repo rate at 4.90 per cent on concerns of headline inflation breaching its medium-term target.
However, the RBI promised to continue with its accommodative stance in its monetary policy.
Top gainers on Friday included Bharti Infratel, JSW Steel, Tata Steel, Grasim and Vedanta. YES Bank, ONGC, UPL, SBI and TCS were among the top losers.
Moody's downgraded YES Bank's long-term ratings due to stressed assets and low loss absorbing buffers which may add pressure to its funding and liquidity. The global rating agency also assigned a negative outlook to the private sector lender.
Reacting to the rating release, YES Bank stock was the top loser in the opening hour of trade today after it started 1.7% lower at Rs 61. Later the shares declined as much as 5.31% to touch an intraday low of Rs 58.60 apiece, against the previous closing value of Rs 62.10.
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Except PSU Bank, media and IT stocks, all the other sector-based indices traded in green, with nearly 1% rise in metal and pharma scrips.
Saudi Arabia's state oil company Aramco raised $25.6 billion in its initial stock offering, which has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014. This makes it the largest-ever IPO of the world.
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Share Market Today: Domestic indices Sensex and Nifty started Friday's trade on a strong note, in line with Asian equities. BSE Sensex opened strong at a gain of 125 points to 40,884 and NSE Nifty traded 26 points higher to trade at 12,044 level by the opening bell on Friday.
Oil traded near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts.
Oil prices stood little changed near recent peaks. U.S. West Texas Intermediate (WTI) crude dipped 2 cents to $58.41 per barrel, but was not far off Thursday's 2-1/2-month high of $59.12 per barrel.
Asian shares traded higher as investors' held optimistic hopes on the interim trade deal between US-China, ahead of the new round of tariffs scheduled to kick in on Dec. 15.
Japan's Nikkei rose 0.28% and MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19%. Highest gains were seen in Hang Seng, followed by marginal gains in Nikkei, KOSPI and Taiwan Index, while Straits Times, Shanghai Composite indices traded flat with a negative bias.
In the meanwhile, on Wall Street, indices erased gains on the uncertainty of the trade deal. The Dow Jones Industrial Average rose 0.1, the S&P 500 gained 0.15% and the Nasdaq Composite added 0.05%.
Market has pre-opened on a flat note on Friday amid weak domestic cues, with BSE Sensex gaining 10 points and NSE Nifty trading 2 points lower.
YES Bank, Vodafone Idea, Bharti Airtel, Mahindra & Mahindra, Bank of Baroda among others are the top stocks to be in focus on Friday's trading session.
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Yesterday, market failed to hold recovery and closed bearish, after RBI announced it kept the repo rate unchanged at 5.15% and decided to continue with its accommodative stance to support the economy.
BSE Sensex closed 70 points lower at 40,779 and NSE Nifty declined 24 points to 12,018 by the closing bell.
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