Thursday, May 30, 2019

Stock Market News- Bharti Airtel gains, SJVN gains 6%.

Bharti Airtel gains over 1% - SingTel completes subscription of 17 cr shares in the rights issue of a company worth Rs 3,740 crore. Bajaj Auto, Powergrid shares have emerged among the biggest gainers, jumping up to 1.5%.



SJVN gains 6% on strong Q4 nos - Profit jumps to Rs 458.9 crore versus Rs 132.2 crore; revenue spikes to Rs 805.2 crore versus Rs 344.8 crore (YoY).

Rupee opening - Rupee opens stronger at 69.72/$ vs Wednesday's close of 69.83 against the US dollar

Aban Offshore gains almost 5% on fundraising plan - Board approves raising up to $400 million overseas and raising up to Rs 2,500 crore via QIP.

Crude Update: Oil prices climbed on Thursday after an industry report showed a decline in US crude inventories that exceeded analyst expectations.

Top gainers in the Sensex pack include NTPC, Coal India, Bharti Airtel, Bajaj Auto, TCS, Asian Paints, PowerGrid, Tata Motors, RIL, and ITC, rising up to 2 percent.

On the other hand, M&M, Vedanta, ONGC, Sun Pharma, HDFC, Maruti, Tata Steel, and ICICI Bank were among the losers in the index, shedding up to 1.29 %.

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