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Shares of the Gurugram-based budget carrier fell 3.6 percent to Rs 932.70.
Pratt & Whitney is investigating incidents of excessive vibration in its engines that power Airbus SE’s A320neo aircraft, the latest in a series of problems that have plagued the new turbine, Bloomberg reported citing people familiar with the matter.
Buyers and sellers were not immediately available
Source: Bloomberg
F&O Investors To Pay Tenfold Higher Transaction Tax On Delivery
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Shares of the Jalgaon-based irrigation system maker rose as much as 4.2 percent to Rs 86.45 after it received Rs 127 crore export order from Rwandan government, Jain Irrigation said in an exchange filing.
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Consumer companies cannot grow at 12 percent perpetually and SBICAP maintains bearish stance on them, Nirav Sheth, head of institutional equities at SBICAP Securities told BloombergQuint.
Key highlights of the conversation:
Shares of the Hyderabad-based drugmaker rose as much as 6.6 percent, the most in over nine months, to Rs 468.95 after it received U.S. drug regulator's nod Metformin Hydrochloride Tablets, Laurus Labs said in an exchange notification.
Metformin Hydrochloride Tablets 500mg, 850mg, and 1000mg are therapeutically equivalent to Glucophage Tablets of Bristol-Myers Squibb Company and it will be commercialized from its Unit 2 located at APSEZ, Visakhapatnam in Andhra Pradesh, the notification added.
Shares of the Mumbai-based financial services company rose as much as 4.84 percent, the most in over a month, to Rs 143.95 after it entered into a joint venture with Varde Partners.
Aditya Birla Capital and Varde Partners created a joint venture to invest in stressed assets in India. Varde Partners will acquire 50 percent stake in Aditya Birla ARC for at least Rs 98 crore, Aditya Birla Capital said in an exchange notification.
Gold heads for fifth monthly drop, longest stretch of losses since 2013, as U.S. equities rise to another fresh record and Federal Reserve sticks to rate-rise game plan.
Bullion for immediate delivery declined 0.2 percent to $1,204.89/oz at 11:16am in Singapore, after rising 0.5 percent on Wednesday.
Source: Bloomberg
Below are trading strategies discussed by stock market experts with BloombergQuint:
Sameet Chavan, Angel Broking
Aditya Agarwal, Yes Securities
Goldman Sachs on Vedanta
UBS on Axis Bank
Nomura on Indian Autos
BofAML on ITC
Citi on Petronet LNG
JPMorgan on PNB Housing Finance
Citi on Pidilite Industries
Citi on India Financials
(As reported on Aug. 29)
Climate of ‘Fear’ Among Rights Groups as India Arrests Activists
Here are some key events scheduled for the remainder of this week:
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