Monday, 16 June 2014
·
Axis Bank dips on stake sale by
LIC
Axis Bank
has dipped 3%, extending its nearly 8% fall in past week, after Life Insurance
Corporation of India have offloaded equity shares worth of Rs 51 crore through
open market transaction during last week.
·
Aurobindo Pharma hits new high
Aurobindo
Pharma has moved higher by 3%, also its record high, in otherwise weak market
after the company has received the US health regulator’s approval to market a
generic version of AbbVie Inc.’s Depakote ER extended-release tablets, used for
treating mental illness, in the US market.
·
United Spirits up 0.5%
Edelweiss Group
companies bought 2.57 percent equity stake in United Spirits by revoking
pledged shares. Edelweiss Group holds 4.33 percent in USL as pledged shares.
Total holding of the group in USL stands at 6.90 percent.
·
Oil and gas shares bounce back
Shares of
state-owned oil marketing companies are trading higher by up to 4%, erasing
their entire early morning losses, after the government said under-recovery on
high speed diesel declined further to Rs 1.62 per litre from Rs 2.80 per litre
earlier.
