Dear Millionaires, Market Update is a new playlist in our MMM channel introduced to cover the important data like previous day chart, results, top stocks, dividend and break out stocks for trading with ease.
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•Market Update: Sensex gains 304 points to 40,183 & Nifty 96 points to 11,835. Nifty Bank advances 227 points
• ONGC, Oil India see profit booking after yesterday's gain on gas marketing reforms
•Wipro board to mull buyback on October 13; stock at 20-year high
•Nitco The stock price jumped over 7 percent after the company posted better sales numbers in the month of September 2020.
•GM Breweries The stock shed 5 percent after the company in an exchange filing said that its net profit went down 43.5 percent at Rs 11.2 crore against Rs 19.8 crore YoY. •Jet Airways The share price gained 5 percent on the buzz that the Kalrock-Jalan consortium has come out as the winner in the race for Jet Airways.
•Majesco share price dips 5% after buyback approval.
•Dr. Reddy's Laboratories The stock was up 2 percent after the company received US FDA nod for icatibant acetate injectable and ephedrine sulphate solution used to treat acute attacks of hereditary angioedema in adults.
•Future Retail The share price was down over 5 percent after Amazon.com Inc. sent a legal notice to Kishore Biyani-led Future Group over its Rs 24,700-crore asset sale to Reliance Retail Ventures Ltd, calling it a breach of a 2019 agreement between Amazon and Future•Lakshmi Vilas Bank The stock price jumped over 7 percent after the bank said it has received an indicative non-binding offer from Clix Group for the proposed merger.
•Bandhan Bank shares gain 4% after growth in Q2 deposits, advances During the quarter the bank reduced its minimum interest rate on saving bank deposits from 4 percent per annum to 3 percent
•Cadila Healthcare The stock gained 5 percent after the pharma company launched pressurized metered dose inhaler Forglyn in India to be used in patients suffering from chronic obstructive pulmonary disease.
•ABB Power The share shed 4 percent on October 8. The company won a project worth more than Rs 100 crore from HPCL Rajasthan Refinery (HRRL)