INSUBCONTINENT EXCLUSIVE:
The Indian equity benchmarks were little changed as gains in banking, auto and FMCG shares were offset by losses in IT and metal stocks
HDFC Bank, ICICI Bank, Hindustan Unilever and Asian Paints were among the top movers in the Sensex
On the flipside, Reliance Industries, Tata Consultancy Services, HCL Technologies, Infosys and ITC were among the laggards
The Sensex rose as much as 131 points and the Nifty touched an intraday high of 11,159.15
Mid- and small-cap shares were witnessing a mild buying interest as the respective indexes rose over 0.2 per cent each.IT Shares Among Worst
hit On NSEShares of information technology companies were worst hit in today's session as the Nifty IT index declined over 1 per cent.Top
losers in Nifty IT index:Tata Elxsi down 7.23%HCL Technologies down 2.78%Hexaware down 2.27%NIIT Technologies down 1.53%Infosys down
0.92%Aurobindo Pharma Gains On Clarification On US FDA InspectionShares of the Hyderabad-based drug maker - Aurobindo Pharma - rose 2.5 per
cent to Rs 471 after it clarified that the US Food and Drug Administration (USFDA) conducted a cGMP inspection at our Unit 7 manufacturing
facility from September 19-27, 2019.The inspection ended with seven observations
We believe none of the observations are related to data integrity
The Company is confident of addressing these issues within the stipulated timeline.Market Breadth Remains PositiveMarket breadth was
positive as 1,012 shares were advancing while 706 were declining on the BSE.On the NSE, 996 shares were declining while 617 were
advancing.Yes Bank Falls On Heavy VolumesYes Bank shares declined 8 per cent to Rs 41.95 on the back of heavy volumes.As many as 2.92 crore
shares changes hands on the BSE compared with an average of 57.16 lakhs shares traded daily in the past two weeks.Nifty Bank Index Top
Sectoral Gains, Rises 0.5%Five of 11 sector gauges compiled by National Stock Exchange trade higher led bty the Nifty Bank index's 0.5 per
On the flipside, Nifty IT Index falls 0.7 per cent.Aurobindo Pharma Clarifies On US FDA InspectionAurobindo Pharma has clarified that the US
Food and Drug Administration (USFDA) conducted a cGMP inspection at our Unit 7 manufacturing facility from September 19-27, 2019.The
inspection ended with seven observations
We believe none of the observations are related to data integrity
The Company is confident of addressing these issues within the stipulated timeline.Talwalkars Better Value Fitness Defaults On Loan Interest
PaymentsTalwalkars Better Value Fitness defaulted on payment of interest on loans from banks.The company defaulted on interest payment of Rs
3.71 crore.Jaguar Land Rover Sales Decline In September QuarterJaguar Land Rover retail sales for the quarter ending September 30, 2019 were
128,953 vehicles, slightly down (-0.7 per cent) compared to the same period a year ago, the company said in a stock exchange filing.These
results reflect an encouraging recovery of Jaguar Land Rover retail sales in China (up 24.3 per cent), with a third consecutive month of
double-digit sales growth for the company in the region
Sales were also up slightly in Europe (+0.9 per cent), offset by lower sales in the US (-1.0 per cent), UK (-5.1 per cent) and in Overseas
Sales were also up strongly for the Range Rover Sport (+17.5 per cent) and Jaguar I-PACE (sales of 3,666 units, up 2,593 units)
Models with lower year-on-year figures include the Land Rover Discovery Sport with sales of the new mid-cycle refreshed model still ramping
up and sales in China only starting later in the year.
