: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Auto stocks rally; M&M surges 5%, TVS Motor, Bajaj Auto gain 3%

@StockMarketNEWS Wed 16 Sep, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Auto stocks rally; M&M surges 5%, TVS Motor, Bajaj Auto gain 3%
The last four months of 2020 include various auspicious occasions such as navratri, dussehra, diwali, etc, hence, consumer's discretionary purchases rise in such months
Bse sensex gained 258.5 points or 0.66 per cent to settle at 39,303 levels while the nifty50 index surpassed the 11,600-mark to end at 11,605, up 83 points, or 0.72 per cent

The drought for India's IPOs may be easing in their worst year since 2016
A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through
first-time sales from the lowest in 4 years

Russia ropes in Dr Reddy's to sell 100 mn Covid-19 vaccine doses; stk up 4%
Deliveries could potentially begin in late 2020 subject to completion of successful trials and registration of the vaccine by regulatory authorities in
india, dr reddy's said in a statement

JB Chemicals rallies 19% in two days on strong June quarter numbers
In the past six months, the stock has soared 82 per cent against 25 per cent rise in the s&p bse sensex.

P&G Health declines 6% on profit booking post June quarter results
The board recommended a final dividend of rs 230 per equity share (including a one-time special dividend of rs 188 per equity share) for the financial
year ended june 30, 2020.

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