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01.09.2020 Share Market Update | Stocks Analysis, Results, Dividends & Important Date | 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.

News Corner

Market Highlight : Sensex ended lower by 839.02 points or 2.13 percent at 38628.29, and the Nifty cracked 284.40 points or 2.44 percent at 11363.20 amid India-China border tension.

•Border Tensions between India and China border near Ladakh escalated. Indian army informed that Chinese troops violated the earlier agreement and carried out provocative military movements

•GDP DATA Experts expect the GDP growth to contract for the April-June period due to the nationwide lockdown implemented to contain the COVID-19 pandemic.

•SEBI not to extend September 1 deadline to move to new 'pledge, re-pledge system'.

•Reliance Ind-Future Enterprises Rel Retail will acquire businesses from Future Group on slump sale for Rs 24,713 cr. Many banks have given a loan to the future group, Bank of India has the highest exposure followed by Axis Bank, Bank of Baroda and SBI.

• Adani Group stocks rallied on Monday after the group acquired a 74 percent stake in Mumbai International Airport Limited (MIAL). Under the transaction, Adani Group will acquire 50.5 percent stake of GVK group.

•Steel Strips Wheels' company received an order of 3,700 wheels for the US Caravan Trailer Market.

•NHPC Q1: The company's consolidated net profit fell 17 percent year-on-year (YoY) to Rs 772.20 crore in Q1FY21 against Rs 930.9 crore in the corresponding quarter a year ago.

Wockhardt'sconsolidated revenue from operations for Q1FY21 stood at Rs 652 crore, down by 24.4 percent YoY from Rs 863 crore in Q1FY20

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