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Friday, June 8, 2018

Market Live: Sensex opens 130 points lower, Nifty below 10,750

Shares of Tata Motors gained over a percent in the morning trade as investors bet on the firms’ fundraising plans.
The stock has touched an intraday high of Rs 310.00 and an intraday low of Rs 302.60.
The company on Thursday said that it proposed to raise funds of about USD 250-500 million through external commercial borrowing (ECB).
All proceeds will be used towards refinancing a part of the principal amount of the borrower's notes as permitted under the ECB directions.

Meanwhile, Jaguar Land Rover (JLR) reported a rise of 6.1 percent in May sales to 48281 units driven by the introduction of new models including the Range Rover Velar, the Jaguar E-PACE and the new Land Rover Discovery.

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Closing Bell: Sensex ends 192 pts lower, Nifty below 11,600 even as RBI cuts rate

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