INSUBCONTINENT EXCLUSIVE:
against the Modi government
Market breadth was in favour of declines, and the advance-decline ratio stood at 1:3.
The SP BSE Sensex shed 22 points to settle at 36,351,
with Vedanta (up over 2 per cent) being the top gainer and Kotak Mahindra Bank (down 4 per cent) the worst laggard
apiece on BSE after the company reported a 13.17 per cent sequential drop in net profit at Rs 158.20 crore for the quarter ended June 30
The figure stood at Rs 182.20 crore in the March quarter
Hindalco slips on MA buzzHindalco Industries slumped to one-year low in intraday trade amid reports that the company and its US unit
Novelis are in the process of raising debt to acquire aluminium manufacturing company Aleris Corp
The stock settled at Rs 198.25 apiece on BSE, down 6.46 per cent
Reliance hits record highShares of the oil-to-telecom behemoth hit a record high of Rs 1,114 apiece during the day
According to a Bloomberg report, the company plans to raise about Rs 40,000 crore in fresh debt this financial year as it expands its
The stock shut shop at Rs 1,104, up 1.22 per cent on BSE.
Kotak disappoints with Q1 resultsThe lender reported a 12 per cent year-on-year
growth in standalone net profit at Rs 1,025 crore for the June quarter, which was below the ETNOW poll of Rs 1,190 crore for the period
Provisioning on a standalone basis jumped 130 per cent YoY and 53 per cent QoQ to Rs 469.63 crore during the quarter in question
The stock was the worst performer on the Sensex pack shedding nearly 4 per cent to Rs 1,350.25 apiece
TCNS Clothing IPO sails throughThe initial public offering by TCNS Clothing sailed on the second day of the bidding process
The issue was subscribed 2.01 times till 03:45 pm
Total bids received stood at 2,21,39,040 shares against the total issue size of 1,09,99,828 shares
New IPO in the pipelinePN Gadgil Sons, the retail gems and jewellery company, have received markets regulator Sebi's go ahead to float
their initial public offering
The issue will see sale of shares to the tune of Rs 500 crore, as per the IPO papers
HDFC Bank and Yes Securities (India) are the Book Running Lead Managers and Link Intime India are the registrar to the issue.
Top volume
gainersAshok Leyland, Reliance Comm, JP Associates, Adani Power, PC Jeweller, GMR Infra, Hindalco Industries and Suzlon Energy were the most
active stocks in terms of volume.
Spurt in open interestBajaj Finance witnessed the biggest spurt in open interest at 35.86 per cent,
followed by Hindalco (32.70 per cent) and Kotak Bank (21.52 per cent)
Insider Trade in Blue StarBSE data showed B Thiagarajan, the director of Blue Star, disposed of Rs 3,500 equity shares today
Associated Traders Engineers, the promoter of Motor General Finance, acquired a total of 1,482 shares via market purchase
