1. Stocks in news today: Reliance Capital, HDFC Bank, Mphasis and more

Stocks in news today: Reliance Capital, HDFC Bank, Mphasis and more

Reliance Capital shares gained after the company said that Reliance Capital Asset Management (RCAM), a part of Anil Ambani led Reliance Capital, has signed definitive agreements to acquire Goldman Sachs Asset Management’s (GSAM) onshore business in India.

By: | Updated: October 21, 2015 5:07 PM
Sensex Nifty BSE NSE

Reliance Capital shares gained after the company informed BSE that Reliance Capital Asset Management (RCAM), a part of Anil Ambani led Reliance Capital, has signed definitive agreements to acquire Goldman Sachs Asset Management’s (GSAM) onshore business in India. (Photo: Reuters)

The domestic stock markets edged slightly lower on Wednesday for a second straight session as a steep fall in Chinese markets revived global risk aversion, while caution ahead of key corporate earnings also weighed on sentiment. Sensex ended 19.17 points down to close at 27,287.66 in volatile session. Nifty closed 9.95 points down at 8,251.70.

Below are the stocks that made news today

Reliance Capital: Reliance Capital shares gained over 4 per cent in the morning trade after the company informed BSE that Reliance Capital Asset Management (RCAM), a part of Anil Ambani led Reliance Capital, has signed definitive agreements to acquire Goldman Sachs Asset Management’s (GSAM) onshore business in India. The share price of the company closed 3.17 per cent up at Rs 411.85.

Mphasis: Shares of IT firm surged over 13 per cent intraday after the company posted 15.30 per cent increase in consolidated net profit for the quarter ended September 30. Later, the share price of the Mphasis Ltd closed 9.60 per cent up at Rs 458.25.

Hero MotoCorp: The share price of country’s largest two-wheeler maker closed 0.54 per cent up at Rs 2619.05 after it reported a 1.1 per cent growth in net profit at Rs 772.06 crore during the July-September quarter on Tuesday.

Larsen and Toubro: Shares of the construction major were trading 0.28 per cent down after Credit Suisse downgraded it on order inflow worries. The share price of the company closed 1.44 per cent down at Rs 1550.35.

HDFC Bank: Shares of the private lender closed 0.03 per cent down at Rs 1094.80 after the bank reported 20.5 per cent jump in net profit to Rs 2,869.5 crore for the second quarter ended September 30, 2015-16.

Bajaj Auto: Shares of Bajaj Auto gained after the company posted 57.9 per cent rise in net profit to Rs 933.06 crore for the second quarter ended September 30, 2015-16. The share prices closed 3.28 per cent up at Rs 2518.25.

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