: StockMarketNEWS Daily Updates IT stocks rally; Mindtree, Wipro advance nearly 3percent, Tech Mahindra up 2percent

@StockMarketNEWSMon 17 Aug, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

IT stocks rally; Mindtree, Wipro advance nearly 3percent, Tech Mahindra up 2percent. Bse midcap and smallcap indices closed half a percent and 0.84 percent up, respectively.

LT Finance exits CG Power, IndusInd Bank offloads 2.1% stake in Mcleod Russel
Lt finance exited cg power, erstwhile crompton greaves, which manufactures power transformers and reactors.

Indian Bank gains 3% on heavy volume; stock jumps 6% so far in August According to reports, the lender has decided to rope in a minority partner for ind bank housing to revive the now defunct housing finance subsidiary

Glenmark Pharma shares gain after Q1 profit jumps two-fold to Rs 254 crore
The company#39;s formulation sales in the domestic market in the first quarter rose to rs 779.89 crore from rs 752.21 crore in the same period of previous fiscal, up 3.68 percent.

Sun TV shares jump 6% after CLSA retains #39 ;buy#39; despite 33% dip in Q1 profit
The q1 results were a positive surprise, led by 18 percent yoy growth in subscription revenue, says clsa.

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