Share Market Live
Indian indices ended in the green on Monday after swinging in between gains and losses.
The Sensex ended 60 points higher to 38,417 while the Nifty50 index ended at 11,375, up 41 points. Broader markets ended mixed, with Nifty Smallcap 100 index closing in the green while Nifty Midcap 100 index closed nearly 1 percent lower.
Amongst sectors, Nifty FMCG remained the best performing index of the day, closing 0.61 percent higher while Nifty Realty index was the worst performing index, closing nearly 1 percent lower.
Bharti Infratel, HDFC Life, Dr Reddy Labs, ITC and Hindustan Unilever were the Nifty50 index top gainers while M UPL, Bajaj Finance, GAIL and NTPC remained the top losers for the day.
The Rs 702 crore initial public offer (IPO) of Bengaluru based IT services coque silicone iphone 6 bleu sushicube33985 provider Happiest Minds Technologies has sailed through on day one of the bidding process. The issue was subscribed by 117 percent so far. It received bids for around 2.8 crore equity shares as against the IPO size of coque iphone 7 plus benfica over 2.32 crore shares, according to the data available on the exchanges. The reserved portion for retail investors was subscribed 5.8 times and that of non institutional investors by 25 percent. The reserved portion for qualified institutional investors was subscribed 8 percent subscription. Read more here.
PNC Infratech secures water supply projectThe company been declared as the L1 (lowest) bidder in Joint Venture with SPML Infra Limited for Government of Uttar Pradesh Project «Construction of Haraulipur Group of Villages (125 Nos) Water Supply Project comprising surface and ground water supply schemes and coque iphone 7 building allied works including commissioning; operation and maintenance for 10 years in the Hamirpur district of Uttar Pradesh» for Rs. 289.83 crore. PNC Infratech Limited share in the JV is 95 percent.
Axis Securities has selected Aurobindo Pharma as its stock of the Week The stock price has risen over 190 percent from its 52 week low of Rs 281.15 hit on coque iphone 7 we bare bear March 23, 2020. It hit a 52 week high of Rs 967.60 on August 10, 2020, on the BSE.
Drugs shortage is expected in the US market due to disruption in pharma manufacturing supply chains and increased demand coque special iphone 7 for drugs, which are being used in the management of COVID 19 patients.
Axis Securities believes that Aurobindo Pharma being an export oriented pharma company with a large drug portfolio, adequate manufacturing capacity and a strong compliance track record before USFDA is expected to get benefit due to drug shortage in the US market. Continue reading
Go long on Hindustan Unilever (HUL), said Jain. «The stock has been consolidating since last few weeks and today if we see prices are showing a bounce back from the support end of the consolidation phase, and coinciding with the 200 day moving average support, then go long on HUL with a stop below of Rs 2,115 and a target of Rs 2,230,» added Jain.
are expecting some profit booking in Mahindra Mahindra (M Since last three weeks the stock is resisting its 200 day week moving average. The profit booking could lead the stock towards Rs 575, one can go short on M on a minor pullback from here onwards and around Rs 616 618 keeping a stop above Rs 636 for target of Rs 575, Jain said further.
The share price of Vodafone Idea traded nearly 4 percent during the afternoon trade on Monday after it launched a unified brand «Vi», marking the completion of the merger between two telecom companies.
At 1:03 pm, the shares traded 3.73 percent higher at Rs 12.50. The stock gained as much as 10 percent to Rs 13.25 per share on the NSE.
The company believes a single brand approach will reduce the cost of maintaining two brands and also improve operational efficiency.
Ravinder Takkar, MD CEO, Vodafone Idea Ltd said, «Vodafone Idea came together as a merged entity two years ago. We have, since then focussed on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers.»
Gold prices in India traded marginally higher on the Multi Commodity Exchange (MCX) coque iphone 7 3 pieces Monday following positive momentum in the international spot prices amid weak US dollar. The dollar index declined from its one week high level hit in the coque 180 iphone 7 previous session. Silver prices rose by over 1 percent.
At 11:00 am, gold futures for October delivery rose 0.17 percent to Rs 50,765 per 10 grams as against the previous close of Rs 50,678 and opening price of Rs 50,801 on the MCX. Silver futures traded 1.28 percent higher at Rs coque samsung j5 2017 coque king queen iphone 7 sushi 68,129 per kg. The prices opened at Rs 68,232 as compared to the previous close of Rs 67,266 per kg.
Last week, Gold prices corrected by 1.50 percent while silver prices also corrected sharply by 2.28 percent due to a sharp recovery in the US Dollar Index on the back of a fall in US Jobless claim and positive economic data. Read more
Vodafone Idea on Monday launched a unified brand «Vi», marking the completion of the merger between two telecom companies.
Launching the new brand, Ravinder Takkar, MD CEO, Vodafone Idea Ltd said, «Vodafone Idea came together as a merged entity two years ago. We have, since then focussed on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers.»
Takkar further added, «The brand integration not only marks the completion of the largest telecom merger in the world but also sets us on coque rigode iphone 7 plus our future journey to offer world class digital experiences to 1 coque iphone 7 plus tokyo Billion Indians on our strong 4G network.»
Photos connected to the branding exercise were already doing the rounds of Twitter showing stores being revamped with the new VI logo. Here more
Yes Bank management team has been on marvel thanos guardians coque iphone 5 5s se a recovery drive. From attaching properties of diamond traders to going after honchos of beleaguered NBFC cheap spigen coque iphone 6 coqueiphone126282 the bank is leaving nothing to chance. Speaking to CNBC TV18, Prashant Kumar, MD CEO, Yes Bank said that the recovery target is there for the entire stressed book but the pandemic has led to a delay in recovery. target would be for the entire stressed book; it is an issue about the timing. Because of COVID, what we are seeing is that the targets which we were expecting during the current financial year has slowed down a bit. But I think we are absolutely on track and during the iphone 7 coque anneau current year and going forward I think we will be able to recover, he said. More here
The initial public offer (IPO) of Bengaluru based IT services provider Happiest Minds Technologies opened today with a price band at Rs 165 166 per share. The issue will close on closes on September 9 and the shares will be listed on September 17. The Rs 702 crore IPO comprises of fresh issue of Rs 110 crore and an offer for sale aggregating upto 3.56 crore equity shares. Most analysts are bullish on the company since coque antenne iphone 7 plus 97 percent of its business comes from the digital services segment. They advise subscribing to the issue coque iphone 6 marbre sushicube32570 based on robust financial growth, attractive valuations and strong management. More here
Shares of Sterling Wilson Solar climbed 6 percent to Rs 285 on the BSE on Monday after the company announced that it has signed orders worth around Rs 1,600 crore (AUD 300 million) in Australia. company along with its branch and Australian subsidiary has bagged two large scale solar projects in the country which will have an installed capacity coque iphone 7 dortmund of over 300 MW. The new projects have been secured from global independent power producer (IPPs), the work for which is expected to commence immediately, Sterling Wilson Solar said in a press release.
Gold edged higher on Monday after weak US data raised concerns over a quick economic rebound from the coronavirus led slump and cemented hopes that lower interest rates would last longer. Spot gold was up 0.2 percent at USD 1,935.50 per ounce by 0341 GMT, moving further away from a one week low of USD 1,916.24 touched on Friday. US markets are shut for the Labor Day holiday on Monday. US gold futures rose 0.5 percent to USD 1,943.40. «The general theme from last week US jobs report coque apple iphone 7 beige showed that the recovery is continuing to slow. So really, the payroll gains were weak in the overall context,» said Stephen Innes, chief market strategist at financial services firm AxiCorp. «Also, the lower for longer interest rates narrative continues to chime well for the gold bulls right now.»
China exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world second biggest economy. Exports in August rose a solid 9.5 percent from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019. The figure also beat analysts expectations for 7.1 percent growth and compared with a 7.2 percent increase in July. Imports however slumped 2.1 percent, compared with market expectations for a 0.1 percent increase and extending a coque iphone 6 je peux pas sushicube33272 1.4 percent fall in July.
Vodafone Idea shares rallied 10 percent intraday on Monday as the company is set to make a major announcement today at 11:45 am. The stock gained as much as 10 percent to Rs 13.25 per share on the NSE. Reports suggest that Verizon and Amazon may invest over $4 billion in Vodafone Idea. In an exchanges filing, the telecom operator said while the company constantly evaluates various opportunities for enhancing the stakeholders value, there is no such proposal being considered at present. On September 6, Vodafone India Twitter handle teased the announcement on Twitter, referring to it as the day which has raised the suspicion at the Street.
Calling for a collaborative approach among stakeholders, Tata Motors MD and CEO Guenter Butschek on Saturday said there are coque iphone 7 slicone new challenges for the automotive industry in the restart phase of the economy. «Now that we are in the restart phase, new challenges like growing virus cases and acute shortage of labour have come up. The end of the lockdown doesn necessarily mean that we are post COVID because it is coque iphone 7 rhinoshield rouge still there, it can possibly create more intermittent disruptions,» Butschek said. He was speaking at the 60th annual convention of the Automotive Component Manufacturers Association of India (ACMA) in New Delhi on Saturday…