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Market Live: Sensex up 150 points, Nifty around 11,000; IT stocks dip, metal stocks shine – Moneycontrol.com, Moneycontrol.com

Market Live: Sensex up 150 points, Nifty around 11,000; IT stocks dip, metal stocks shine – Moneycontrol.com, Moneycontrol.com


    

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Sep 11, 2019 12: 11 PM IST | Source:Moneycontrol.com

Metal index up 2 percent followed by auto which is up nearly 2 percent, while IT index down 1 percent. Midcap and smallcap indices also trading higher.

  • Sanofi India declines 2% on sale of Ankleshwar units: Shares of Sanofi India declined more than 2 percent on September 11 after company approved slump sale and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva for a consideration of Rs 2, 617 million .

  • S&P revises rating on Syndicate Bank to BB / Positive from BB / Stable and revises outlook on Indian Bank to Negative from stable, reorted CNBC-TV 18.

  • Meghmani Organics sets up Epiehlorohydrin manufacturing project: Meghmani Organics shares rose more than 5 percent on September 11 after the company decided to foray into Epiehlorohydrin project, capacity 50, 000 tonnes per annum which will be based on TechnipFMC’s EPICEROL technology, with capex of around Rs 275 crore.

  • Power Mech Projects received letter of award / work orders worth Rs 275 crore.
  • (Wipro tumbles 2%) : Shares of Wipro fell 1.7 percent on September 11 after global brokerage firm CLSA retained sell call on the stock amid poor execution.

    The research house has a target price at Rs 220 per share, implying 14 percent potential downside.

  • Strides Pharma in a BSE filing said it acquired strategic stake in Fairmed Healthcare AG in Europe. Under the agreement, company will hold 70 percent of issued capital of Fairmed.

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