STOCK IN NEWS FOR THE DAY AND GLOBAL MARKET UPDATES :
STOCKS IN NEWS
GAIL, ONGC and Tata Steel have emerged as the top gainers on Sensex, posting gains between 1.5%-4%. On the other hand, Coal India, Larsen and Toubro and Axis Bank are the top losers, slipping down between 1%-2%.
Manali Petrochemicals has rallied 12% to Rs 42.20, extending its Monday’s over 15% surge on the BSE, after the announced the acquisition of Notedome Limited, a System House based in UK for a total consideration of about Rs 120 crore.
HPL Electric & Power made its debut at the exchanges. The stock listed at Rs 190, 6% below its issue price of Rs 202 per share, on the National Stock Exchange (NSE).
Asian shares shrugged off a sluggish start and pushed higher on Tuesday, with Japanese marketsleading the way after an upbeat US manufacturing survey bolstered
Australian shares slipped 0.2% after Australia’s central bank kept its cash rate steady at 1.5% on Tuesday, a widely expected decision as it assesses the impact of its May and August rate cuts.
Japan’s Nikkei stock index .N225 gained 1% as the dollar rose against the yen. Hang Sheng edged up by a mere 0.1%. Markets in China are on holiday this week.
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