Index trend and stocks in action on June 16, 2020
Index trend and stocks in action on June 16, 2020

Index trend and stocks in action on June 16, 2020

Karan Dsij Article rating: 3.5

The level of 9,700 and 9,640 is likely to be a strong support zone for the index and on the upside, Friday’ session high of 9,996 is likely to act as a strong barrier on the upside. Stocks in news: SBI Cards and Payment Services Limited, Ind-Swift Laboratories, Wipro.

JM Financial plunges despite raising Rs 770 crore through QIP
JM Financial plunges despite raising Rs 770 crore through QIP

JM Financial plunges despite raising Rs 770 crore through QIP

Chinmayee D Article rating: 3.3

JM Financial has issued and allotted Rs 11 crore equity shares with a face value of Re 1 each. The issue price for qualified institutional buyers was Rs 70 each, amounting to Rs 770 crore.

Tata Power arm obtains 120 MW solar project order from GUVNL
Tata Power arm obtains 120 MW solar project order from GUVNL

Tata Power arm obtains 120 MW solar project order from GUVNL

Anthony Fernandes Article rating: 3.8

On Monday, Tata Power declared that its renewable energy arm, Tata Power Renewable Energy Limited (TPREL) received a letter of award (LoA) from Gujarat Urja Vikas Nigam Limited (GUVNL) to construct a 120 MW solar project in the state of Gujarat, India.

Sun Pharma & Hikma enter deal for plaque psoriasis drug in MENA region
Sun Pharma & Hikma enter deal for plaque psoriasis drug in MENA region

Sun Pharma & Hikma enter deal for plaque psoriasis drug in MENA region

Anthony Fernandes Article rating: 5.0

On Monday, Sun Pharma announced that one of its wholly-owned subsidiaries entered into an exclusive licensing and distribution agreement with Hikma Pharmaceuticals PLC (Hikma) for Ilumya, a plaque psoriasis medicine, in the Middle East & North Africa (MENA) region.

WPI inflation shrinks by 3.21 per cent in May
WPI inflation shrinks by 3.21 per cent in May

WPI inflation shrinks by 3.21 per cent in May

Nidhi Jani Article rating: 5.0

Since the information available for the month of April 2020 is limited, the provisional figures of May 2020 have been compared with the final figures of March 2020.

Sensex sheds by over 500 points; Bank Nifty down by four per cent
Sensex sheds by over 500 points; Bank Nifty down by four per cent

Sensex sheds by over 500 points; Bank Nifty down by four per cent

Geyatee Deshpande Article rating: 4.5

Domestic benchmark indices ended the trading session on a negative note on Monday as Sensex slipped by 552.09 points or 1.63 per cent to a level of 33,228.80 while Nifty fell by 159.20 points or 1.60 per cent to settle at 9,813.70.

Ten stocks close to their 52-week high
Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

Abhishek Kapoor Article rating: 3.8

The market opened in the red on June 15, 2020. The previous trading session witnessed the Sensex going up by 242.52 points to end at 33,780.89 and the Nifty was up 70.9 points to close at 9,972.90 .

Stocks close to their 52-week low
Stocks close to their 52-week low

Stocks close to their 52-week low

Abhishek Kapoor Article rating: 4.0

The market opened in the red on June 15, 2020. The previous trading session witnessed the Sensex going up by 242.52 points to end at 33,780.89 and the Nifty was up 70.9 points to close at 9,972.90 .

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