Page 726 - Si Reporter

Rupee plunges to 72 against US dollar for the first time in 2019

The domestic currency on Thursday crashed to an over eight-month low of 71.81, dropping 26 paise as tumbling equities and incessant foreign fund outflows weighed on sentiment.

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.

F&O Expiry: Sensex slips 383 pts, Nifty below 11,000; financials decline

Domestic investors also remained cautious ahead of GDP data for the April-June quarter due on Friday.

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

Nifty outlook & top investment bets by Naveen Kulkarni, Reliance Securities

Naveen Kulkarni, head of research at Reliance Securities, shares his views on the current state of stock market, its outlook, and top stocks and sectors he is overweight on in this special podcast

Stocks to watch: Lakshmi Vilas Bank, Nestle, Indiabulls Hsg Fin, Sun Pharma

Here's a list of counters that may trade actively in today's trading session.

MARKET: Sensex up 228 pts on reports govt may rollback higher tax on FPIs

FM Nirmala Sitharaman will address media wherein announcements on steps to revive the economy, clarity on super-rich tax on FPIs, and direct tax code are expected.

Edelweiss falls 7% despite clarification on investment in Kohinoor group

The stock of the financial services firm hit a low of Rs 93, its lowest level since December 27, 2016.

Future Retail erases morning gains, slumps up to 8% post Amazon deal

After almost a year of negotiations, global e-commerce and technology giant Amazon.com is acquiring a 49 per cent stake in Future Coupons, the promoter entity of Future Retail.

IndusInd Bank slips for fourth day, loses 11% in a week to hit 30-month low

Analysts' concerns about IndusInd Bank's exposure to stressed groups and the prevailing slowdown in select lending segments added to the woes.

Turbulence in broader market continues; Small-cap index hits 32-month low

The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017

63 Moons Tech freezes in 10% upper circuit as company wins MPID case

In April 2018, the Maharashtra government had issued several notifications and orders to attach property worth Rs 2,500 crore, including reserves of around Rs 1,800 crore in several bank accounts.

Stocks to watch: Future Retail, DHFL, Lupin, 63 Moons Tech, Glenmark Pharma

Here's a look at the top stocks that may trade actively in today's trading session.

324 stocks hit lower circuit on BSE; Reliance Capital tumbles 24% intra-day

"Delay in addressing concerns of FPIs regarding taxation and slowdown in the economy is seeing foreign selling continue with over $2.5 bn being the collateral damage since Budget," IIFL Securities.

Hindustan Unilever hits record high in weak market, up 12% in one month

In the past one-month, HUL has outpaced the market by surging 12 per cent against a 3 per cent decline in the benchmark index, after reporting in-line April-June quarter (Q1FY20) earnings.

Hathway zooms 97%, Den Networks 50% in 7 days on Jio Fiber rollout plan

Earlier this year, RIL acquired stakes in three leading MSOs, Hathway, Den and GTPL, who have direct relations with over 30,000 local cable operators (LCOs)

DLF tumbles 20% as SC issues notice on non-disclosure of key information

DLF issued a clarification saying that allegations made in the petition "are not material" and "incorrect."