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16.10.2020 Share Market Update| Stock Analysis, Results, Dividends and Important Data |MMM|TAMIL

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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Why market has fallen Today

•The decline in global markets due to a rise in coronavirus cases. Possibility of second wave lock down in Europe

Fading hopes for more US fiscal stimulus before the presidential election also weighed on the sentiment

News Corner

Market Update: The Sensex ended 1,066 points lower at 39,728 while the Nifty lost 290 points to settle at 11,680. Nifty Bank slips 802 points.

Infosys fails to hold gains seen post earnings, closes 2% lower.

Lakshmi Vilas Bank's board approves Rights Issue worth up to Rs 500 crore.

Rane Brakes reports its Q2 earnings. Co approves share buyback up to Rs 22 cr at Rs 825/Sh. Buyback price of Rs 825 is at 18% premium to CMP.

Adani Green has expanded its joint venture with TOTAL with acquisition of solar assets worth Rs 1,632 crore, it said in an exchange filing.

Tata Motors The stock shed 3 percent on October 15. Rakesh Jhunjhunwala picked 1.29 percent stake in Tata Motors as per the BSE shareholding pattern for the quarter ended September 2020.

Equitas Small Finance Bank fixes IPO price band at Rs 32-33 per share. IPO opens on October 20

Tata Elxsi The share price ended in the green after the company reported a 58.3 percent increase in net profit to Rs 78.8 crore for the September 2020 quarter.

Tata Power The share ended in the green after the company has already made an application to SEBI for an in- principle approval for creation of the InvlT.

Thomas Cook The stock ended in the red after CRISIL has downgraded its ratings on the long-term bank facilities of the company to CRISIL A+ from CRISIL AA-with outlook remaining negative

Vimta Labs The stock price was up 5 percent after the company has reported net profit at Rs 7.4 crore versus Rs 9 lakh and revenue was up 38.5% at Rs 58.8 crore versus Rs 42.5 crore, YoY.

Mindtree The stock was down over 7 percent ahead of its second quarter earnings today. The company posted quarterly results post market hours. Mindtree Q2 profit jumped 13.8% to Rs 253.7 crore

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