: StockMarketNEWS Daily Updates PSB shares in focus; Nifty PSU Bank index jumps 4percent

@StockMarketNEWSWed 12 Aug, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

PSB shares in focus; Nifty PSU Bank index jumps 4%; PNB, SBI gain up to 5%
Central bank of india, indian bank, canara bank, j&k bank, and indian overseas bank were up in the range of 2 and 3 percent
Volatility index, india vix, dropped over 2 per cent to 20.89 levels

NMDC hikes iron ore rates by Rs 300 to Rs 2,950 a tonne effective today
The country's largest iron ore miner nmdc on wednesday hiked rates of the mineral by rs 300 to rs 2,950 a tonne with immediate effect

Minda Industries advances 7% after Board fixes record date for rights issue
The rights issue will open on august 25 and close on september 8, 2020

Lemon Tree Hotels launches hotel in Dwarka, Gujarat; stock advances 10%
For the quarter ended june 2020, the company's revenue from operations declined 71.1 per cent year-on-year (yoy) to rs 40.7 crore.

PVR jumps 9% as its rights issue gets over-subscribed by 2.24 times
The rights issue received an application for 85.29 lakh shares, worth rs 672 crore

Markets fixated about inflation but it is the wrong bogeyman to worry about
Voices crying about inflation and currency debasement should be treated with caution.

IndiGo surges 8% on report airline in talks to lease back 12 ATR aircraft
During the analysts' call post q1fy21 results, ronojoy dutta, chief executive officer of the airline had said that the airline was working on the sale and lease back of their unencumbered assets

HAL soars 6%, hits 52-week high as MoD okays acquisitions worth Rs 8,722 cr
Of the rs 8,722 crore worth of acquisitions, bulk will go towards purchasing the first fixed wing aircraft that hal has designed and developed in decades

Foreign portfolio flows in 2020 turn positive on RBI's stimulus action
While net fpi slows for the initial two months were positive, fpi selling was seen accelerating in the subsequent two months

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