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Shares of cable television service providers fell for a second day in a row a day after Reliance Industries chairman Mukesh Ambani announced launch of JioGigaFiber a fiber-to-home broadband network across India.
Shares of the Bengaluru-based defence equipment maker rose as much as 9.1 percent, its biggest intraday gain in over eight months, to Rs 111.55 on heavy volumes.
Trading volume was 3.6 times its 20-day average.
Shares of the Hyderabad-based IT services company rose as much as 1.5 percent to Rs 735.
ICICI Securities has upgraded the stock to add for target price of Rs 784.
The stock had 23 buy, six hold and zero sell ratings previously, according to Bloomberg data.
Tata Motors has 10 lakh shares change hands in a block on the National Stock Exchange. Stock up 4 percent at Rs 271.95.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Delhi-based real estate developer rose as much as 3 percent to Rs 155.35 after it signed an agreement with Blackstone Group to divest 100 percent stake in the business of commercial assets at Ambattur in Chennai.
Indiabulls Real Estate will realise approximately Rs 850 crore via sale of Ambattur commercial assets in Chennai, the company said in a press release.
Shares of the Mumbai-based company rose as much as 3.77 percent to Rs 162.50 after it won a road construction order.
The company has received order worth Rs 2,004.51 crore for four laning of Sattanathapuram to Nagapattinam section on NH-45A, Welspun Enterprises said in an exchange filing.
Shares of the Delhi-based real estate developer fell as much as 2.86 percent to Rs 4.08 after the Supreme Court ordered to auction three properties at Varanasi and Agra in Uttar Pradesh and Sriperumbudur in Tamil Nadu to refund money to home buyers.
Shares of the Kolkata-based paint maker rose as much as 2.5 percent to Rs 297.50.
Berger Paints has acquired 51 percent stake in a Japan's Rock Paint Company for setting up of a joint venture company in India by name of Berger Rock Paints Private Limited.
The joint venture company shall be engaged in developing, producing and selling automotive refinish paints in India and Nepal, the company said in an exchange filing.
Buyers and sellers were not immediately known
Source: Bloomberg
Varroc Engineering shares listed at a premium of 5 percent at Rs 1,015 on the National Stock Exchange against its issue price of Rs 967.
Varroc Engineering raised Rs 1,950-crore via share sale through initial public offering between June 26-28. The issue was subscribed 3.57 times on the final day of bidding.
The Kolkata-based steel products maker rose by its daily maximum limit of 10 percent to Rs 3.95 after creditors approved the bid of Liberty House U.K. for the debt-ridden Adhunik Metaliks.
Nearly all—99.94 percent—financial creditors approved the bid, according to the company’s exchange filing.
Shares of the Mumbai-based country liquor maker fell as much as 6.38 percent to Rs 830.20 after it reported June quarter earnings.
Key earnings highlights:
Shares of the Bengaluru-based real estate developer rose as much as 6.3 percent to Rs 507.05 after it said that its sales rose in June quarter.
Sobha's sales volume rose 18 percent to 960,085 square feet valued at Rs 76.24 crore with an average realisation of Rs 7, 941 per square feet, the company said in an exchange filing.
The markets of Bengaluru, Gurugram and Kochi continue to perform well and are ably supported by the Coimbatore and Mysore, the exchange filing added.
The rupee fell 8 paise to trade at 69.03 against the U.S. dollar in early trade today on appreciation of the American currency overseas and sustained foreign capital outflows.
This is the rupee's third straight slide, which dealers say is mostly due to demand for the US currency and a lower opening in the domestic equity market.
With the US set to impose tariffs on Chinese goods today, investors feared it could trigger a full scale global trade war.
Yesterday, the rupee had tumbled 21 paise to fresh closing low of 68.95, following a panic demand for the US dollar coupled with savage capital flight worries.
Source: Press Trust of India
Rupee fell the second straight session to hit a fresh closing low of 68.95. Money market veteran and professor at SP Jain Institute of Management and Research, Ananth Narayan told BloombergQuint that rupee is still over valued and current account deficit can be worst in 6 years.
Key highlights of the conversation:
Trade tension is the underlying theme that will dominate today's market.
The U.S. tariffs on Chinese imports kick in from today, marking a new and damaging phase in a conflict that has threatened to curb global growth. China's retaliatory tariffs on U.S. goods will be implemented immediately after.
The rupee continues to trade near a record low and may continue to trade in the red today. Scotiabank expects the currency may rally through 69 to a dollar again, and then head for 70 amid external uncertainty and elevated oil prices.
Appetite for sovereign bonds will be tested with Rs 12,000 crore debt sale.
UBS on HPCL
IDFC Securities on Media
(As reported on July 5)
Indiabulls Ventures
These are some key events for the remainder of this week:
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