Page 705 - Si Reporter

Rupee opens marginally higher against US dollar amid dip in oil prices

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday.

Rupee opens 13 paise lower at 71.90 against US dollar amid weak global cues

The domestic unit on Wednesday lost 29 paise to close at 71.77 as fears of an impending global recession prompted investors to stick to safe-haven assets.

Rupee opens flat against US dollar amid positive global cues

The domestic unit on Thursday gained 28 paise to settle at 71.84 as investor sentiment revived after China and the United States said they will resume trade talks.

MARKET WRAP: Sensex climbs 337 pts, Nifty ends at 10,946; Maruti jumps 4%

All that happened in markets today.

Tech Mahindra surges over 5% after securing multi-year deal with AT&T

With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.

Stocks to watch: Sun Pharma, Prabhat Dairy, Tech Mahindra, Adani Ports

Here's a list of some of the stocks that may remain in focus today.

MARKET WRAP: Sensex gains 264 pts ahead of FM's media briefing, Q1 GDP nos

Markets surged in the last trading hour, ahead of the June quarter GDP number and a likely announcement by the Finance Ministry on merger of public sector banks (PSBs)

PSBs recover from day's low as reports say govt may announce merger plan

Oriental Bank of Commerce, Central Bank of India, Syndicate Bank and Allahabad Bank were up in the range of 3 per cent to 6 per cent on the NSE.

ICRA slides 5% after it terminates MD and Group CEO Naresh Takkar

The ICRA board said it would commence a search for Takkar's replacement, adding that Vipul Agarwal, remains responsible for the day-to-day operations of the firm until a CEO is appointed.

NTPC slips 6% after it incorporates subsidiary to take up coal mining

If NTPC develops its own coal mining capability in the next 5-7 years, Coal India risks losing 100-120 million tonne (mt) of coal supply to NTPC, according to a Coal India official

CreditAccess Grameen surges 12% in range-bound market, nears all-time high

For the April-June 2019 quarter (Q1FY20), CreditAccess Grameen posted 33 per cent year on year (YoY) growth in net profit at Rs 96 crore, backed by lower provisioning

YES Bank dips 3% ahead of board meet to consider fund raising

Earlier this month, YES Bank had raised Rs 1,930 crore through the Qualified Institution Placement (QIP) route

Adani Green surges 10% as it inks pact with Essel Infra to buy solar assets

The company announced it will acquire Essel Infra's 205 megawatt (Mw) of solar assets for Rs 1,300 crore.

Gruh Finance gains 8% after HDFC sells 9% stake through block deal

HDFC offloaded 64.7 million equity shares representing 8.8 per cent of total equity of GRUH Finance for worth of Rs 1,599 crore at an average price of Rs 247 per share, the NSE data shows.

Stocks to watch: ICRA, HDFC, Gruh Finance, Adani Green, DHFL, Cox & Kings

Here's a look at the top stocks that may remain in focus today.

Berger Paints hits new high in weak market, surges 12% so far in August

The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.

Lemon Tree Hotels under pressure, tumbles 12% after block deal

Around 31 million shares representing 7 per cent of the total equity of Lemon Tree Hotels changed hands on the BSE via block deal

Amara Raja dips 5% on reports of Brookfield re-evaluating investment

Brookfield was re-evaluating its investment plans in the Indian batteries market due to "technological uncertainties".

Sun Pharma gains 5% as Sebi finds no merit in allegation of fraud

HDFC Securities has 'buy' rating on Sun Pharma with a 12-month target price of Rs 545 as the brokerage expects a recovery in the profitability (24 per cent margin) by FY21E.

Indiabulls Housing slumps 8%, hits 52-wk low on Nifty rejig; Nestle up 3%

The troubled non-banking finance company will be replaced by the multinational fast-moving consumer goods company Nestle India in the broader index