: StockMarketNEWS Daily Updates Mid-caps outperformed as their sectoral index on bse closed 1.16 percent higher

@StockMarketNEWSTue 01 Sep, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Mid-caps outperformed as their sectoral index on bse closed 1.16 percent higher. bse smallcap index closed 0.54 percent up.
Oil prices rise 1% as mood on dollar sours
Both benchmark contracts fell around 1 per cent on monday on worries about oil oversupply, with global demand stuck below pre-covid levels.

Bharti Airtel jumps over 5%, Vodafone Idea plunges 15% after Supreme Court verdict in AGR case
Bharti airtel as well as vodafone idea made hefty provisions with respect to agr dues in march and june quarters 2020, and as a result, both had reported
losses in same quarters.

Adani Power share price gains on SC nod to recover compensatory tariff from Rajasthan discoms
The apex court upheld an aptel order allowing adani to recover the higher cost of imported coal from rajasthan discoms. the compensatory tariff will be
calculated from 2013.

Escorts share price jumps 4% after robust August sales
The market sentiment continues to be highly positive with good monsoon and better kharif sowing and the company is optimistic about the coming festival
season, escorts has said in an exchange filing.

LT shares rise 2% on divestment deal with Schneider Electric; CLSA, Jefferies says buy
The deal had been announced in may 2018 and is in line with ltâ??s stated goal of unlocking value for future growth, said the company.

Biocon shares jump 5% on launch of diabetes drug in US
As per a regulatory filing on bse, biocon biologics india, a subsidiary of biocon, and mylan n.v., announced the us launch of semglee.

NTPC shares jump 5% on plans to raise Rs 15,000 cr via bonds
The funds are proposed to be raised on a private placement basis in one or more tranches not exceeding 30, as per the company#39;s notice for the annual
general meeting (agm).

Reliance Power defaults on payment of principal and interest of Rs 300 cr; shares falls 2%
The company defaulted on payment of rs 300.22 crore, including interest amount of rs 2.22 crore on july 31, 2020, it said in a bse filing.

Morgan Stanley estimates RIL may invest billion in next decade; share price rises 2%
With much higher cash flows and strategic partners, morgan stanley sees the next investment cycle as less challenging, both to earnings and the companys balance sheet.



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