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 story : StockMarketNEWS Daily Updates On the sectoral front, barring bank and pharma, all other indices ended in the green. IT stocks trade mixed

@StockMarketNEWS Thu 13 Aug, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

On the sectoral front, barring bank and pharma, all other indices ended in the green.

IT stocks trade mixed after US makes exception to visa ban; HCL Tech gains, Infosys drags
H-1b and l-1 visa holders, who are returning to the same jobs they had prior to the proclamation of the visa ban, will be allowed to enter the us, said
an advisory on august 12.

Britannia Industries share price rises as board to consider borrowing of funds
The company has allotted commercial papers for an aggregate amount of rs 300 crore on august 12, 2020.

Aurobindo Pharma shares fall 3% despite a 22% jump in Q1 profit
At operating level, its earnings before interest, tax, depreciation and amortisation (ebitda) rose 9.7 percent yoy to rs 1,257.4 crore, and margin expanded 10 bps to 21.2 percent in q1fy21, compared to same period last year.

EClerx Services shares hit upper circuit after Q1 profit jumps 30% YoY
The stock price was trading at rs 620.50, up rs 103.40, or 20 percent. there were pending buy orders of 37,252 shares, with no sellers available.

Tata Power share price jumps 8% after Q1 profit rises
The stock witnessed spurt in volume by more than 3.24 times and was trading with volumes of 3,407,638 shares, compared to its five day average of 1,369,528
shares, an increase of 148.82 percent.

Alembic Pharma share price gains 3% on USFDA approval for antifungal
The company is in litigation with anacor in delaware and the drug launch will depend on the outcome of the litigation.

MSCI may reverse its decision on Bharti Airtels weight; shares pare losses
Msci cut bharti airtels weight to 1.80 percent from 3.50 percent because of which, brokerage reports suggested, that there could be selling between
0-500 million in bharti airtel.

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