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Buyers and sellers were not immediately known
Source: Bloomberg
Reserve Bank of India's Monetary Policy Committee took a unanimous decision and kept repo rate unchanged at 6.5 percent.
Key highlights from RBI's policy decision:
Interest rate sensitive banking, auto and real ty shares were trading with a negative bias ahead of the Reserve Bank of India's monetary policy decision.
The Reserve Bank of India will probably keep interest rates unchanged on Wednesday. After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 percent, according to 48 of 52 economists surveyed by Bloomberg.
The country's largest carmaker will raise prices of its vehicles across models from January citing higher commodity prices and foreign exchange rates, Maruti Suzuki said in an exchange notification.
Shares of the Mumbai-based drugmaker extended losses and fell as much as 4.47 percent to Rs 848 after the U.S. drug regulator completed inspection of its Mandideep facility with 10 observations.
The observations are largely procedural in nature with some gaps identified in the aseptic processing areas of the Cephalosporin API block and the company is confident of addressing them satisfactorily, Lupin said in an exchange notification.
Shares of the Vadodara-based drugmaker rose as much as 3.09 percent to Rs 635 after it received U.S drug regulator nod for hypertension drug.
Alembic Pharmaceuticals received approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application (ANDA) Candesartan Cilexetil Tablets USP, 4 mg, 8 mg, and 16 mg, the company said in an exchange filing.
Candesartan Cilexetil Tablets USP, 4 mg, 8 mg, and 16 mg, have an estimated market size of $22 million for twelve months ending December 2017 according to IQVIA, the filing added.
Shares of the country's largest carmaker extended decline and fell as much as 1.32 percent to Rs 7,620 after its total production declined 12.6 percent to 1,35,946 units (YoY) in November, Maruti Suzuki said in an exchange filing.
Segment-wise production figures:
Shares of the Mumbai-based steel products maker rose as much as 10.40 percent, the most in over two weeks, to Rs 52 after its arm won contract worth Rs 105 crore.
Vijay Nirman Company, Kridhan Infra's associate company has been awarded contract for construction of major and minor bridges on Mumbai-Nagpur Super Communication Expressway, the company said in an exchange notification.
Shares of the Kolkata-based maker of tyres, cement and iron pipes fell as much as 7.87 percent, the most in two months, to Rs 89.60.
The company's board has decided to demerge its tyre business into a separate entity — Birla Tyres. Birla Tyres will remain listed and Jan. 1, 2019 has been fixed as appointment date for the business spin-off. Birla Tyres will issue 1:1 equity share to Kesoram Industries at nominal value of Rs 10 per share, Kesoram Industries said in an exchange filing.
Shares of the Mumbai-based cash-strapped airline operator rose as much as 2.8 percent to Rs 311.75 apiece.
Jet Airways would bring on board a new investor in two-three months to help fund the cash-strapped airline, the company’s CEO Vinay Dube told its pilots, Mint reported citing unnamed sources.
The stock declined has 63 percent so far this year compared with 6.6 percent gain in the BSE Sensex Index, according to Bloomberg data.
Shares of the Delhi-based steel maker fell as much as 10.31 percent, the most in over two months, to Rs 83.10.
The Enforcement Directorate has attached its properties worth Rs 117 crore in an ongoing investigation related to coal block allotment case.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based parent of luxury car maker Jaguar Land Rover fell as much as 3.21 percent to Rs 170 after S&P Global Ratings cut Tata Motors’s long-term rating deeper into junk.
Tata Motor’s leverage may deteriorate over the next 12 to 18 months due to the weaker-than-expected performance of Jaguar Land Rover Automotive Plc, S&P said in a statement on Tuesday. The automaker’s rating remains on credit watch with negative implications given uncertainties around Brexit and will be revisited once the outcome for the U.K. is clearer, it said.
Rupee opened lower at 70.66 per dollar against yesterday's close of 70.50 ahead of Reserve Bank of India's monetary policy decision.
The local unit fell as much as 0.34 percent or 24 paise to 70.74 against the greenback.
ICICI Direct on Phoenix Mills
UBS on Arvind
CLSA on ICICI Securities
CLSA on ONGC
CLSA on Cadila Healthcare
(As reported on Dec. 4)
Tata Motors Cut Twice in Five Months on Jaguar Uncertainties
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