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 Highlight: Sensex rallied 364 points, or 0.9 percent, to close at 38,799 while the Nifty50 ended the day at 11,466, up 95 points, or 0.8 percent.
•Eicher Motors ended in the green after the 1:10 stock split took effect from August 24.
•Adani Enterprises stock jumped more than 6 percent after reports indicated that Adani Group may soon purchase a 74 percent stake in Mumbai International Airport for nearly Rs 15,000 crore.
•Blue Star share price was up over 4 percent after the company was awarded three patents by the Office of the Controller General of Patents, Designs & Trade Marks.
•Zee Entertainment Enterprises share price jumped over 4 percent. GIC Private Ltd on account of government of Singapore (GOS) and monetary authority of Singapore (MAS) sold a total of 93.30 lakh shares, amounting to approximately 0.97 percent stake in ZEE on August 20
•Phoenix Mills stock was up more than 4 percent after the government of Singapore invested Rs 450 crore in the recent qualified institutional placement (QIP) offering of the mall developer.
•Shrenik The stock jumped 5 percent after the board approved stock Split of the 1:2
•Steel Strips Wheels The stock gained over 2 percent after the company bagged export orders from Europe and the US.
•Granules India The stock price ended in the green after the US-based subsidiary of the pharma company received approval from the US health regulator for its Ramelteon tablets used for treatment of insomnia.
•A2Z Infra Engineering The share price gained over 4 percent after the company received an order from Telesonic Network for Rs 104 crore for work to be carried out at various circles.
•Zen Technologies share price rose 6 percent intraday after the company was granted a patent by the UK
•Lupin share price shed 2 percent intraday after research house Investec has kept sell rating
•Telcos request govt to waive off Rs 20,000 cr service tax on AGR dues
•Future Retail shares slip over 6% as debt repayment deadline ends
•Kalyan Jewellers files DRHP for Rs 1,750-crore IPO, says report
Important Data – Result Impact
•Godfrey Phillips India | CMP: Rs 941.60 | The stock shed a percent after the company reported a 53.56 percent decline in its consolidated net profit to Rs 55.09 crore for the first quarter ended June 30.
MindaIndustries share price slipped more than 4 percent in the early trade on August 24 after the company posted weak numbers for the quarter ended June 2020