@StockMarketNEWS Mon 22 Jun, 2020
Latest #StockMarketNEWS by #MunafaSutra Daily Updates
Metals trade mixed; NMDC, Coal India rise 2-4 percent, Hindalco, JSPL drag
Wipro, TCS and Infosys in the red on reports of H-1B visa ban
Pharma stocks rally; Glenmark zooms 35percent, Cipla, Sun Pharma, Biocon gain
Media stocks rise led by DB Corp, Network18, Dish TV; Zee Ent up 3%
Banks rally led by RBL Bank, stock jumps 12%; Bandhan Bank, SBI, PNB rise
Cipla shares end almost 3% higher on regulator nod to manufacture remdesivir
Indias drug regulator gave permission to hetero and cipla to manufacture and market antiviral drug remdesivir for "restricted emergency use" on hospitalised covid-19 patients, official sources said.
ICICI Bank share price up 3% after divesting stake in Prudential Life
Icici bank has divested 1.50 percent stake in icici prudential life insurance company.
Glenmark shares end 27% higher after regulators nod for COVID-19 drug
The pharma company said that it has received indian regulatory approval to make and sell oral antiviral drug favipiravir for treating mild-to-moderate
covid-19 infections .
Indiabulls Housing hits upper circuit after Morgan Stanley buys stock in bulk deal
The stock surged over 160 percent in the last 3 months
Coal India eyes increasing coal output; share price jumps 3%
As per media reports, the company has identified a total of 15 greenfield projects to operate through mdo model of which 12 are open cast and 3 underground, a release by western coalfields ltd (wcl).
PNB shares up 2% on asset quality improvement; Credit Suisse retains underperform rating
Credit suisse is of the view that the bank#39;s standalone performance has been better, led by loan growth adding that q4 loss was on account of credit
costs remaining elevated. it has however, maintained its underperform rating on the stock.
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