Stocks in focus today: Tata Motors, SKS Microfinance and more

SKS Microfinance shares fell over 15 per cent on Friday after the company failed to get the small bank licence from the Reserve Bank of India.

SKS Microfinance shares fell over 15 per cent on Friday after the company failed to get the small bank licence from the Reserve Bank of India.

The BSE Sensex jumped over 500 points intraday on Friday after US Federal Reserve kept the key interest rates unchanged. The NSE Nifty also rallied and was trading above 8,000 in afternoon trade. At 12.51 pm, Sensex was up 433.21 points at 26,397.18. Nifty was up 135.35 points at 8,034.50 during the same time.

Below are the stocks that are in focus today

SKS Microfinance: The shares fell over 15 per cent on Friday after the company failed to get the small bank

licence from the Reserve Bank of India.

Tata Motors:  Tata Motors shares declined after Tata Steel on Friday sold 1.33 per cent stake in group firm Tata Motors to institutional investors for Rs 1,250.69 crore. The shares were trading 2.66 per cent down at Rs 328.90 at 1.07 pm. The company said it will also sell similar stake in Tata Motors to its promoter firm Tata Sons for an amount not exceeding Rs 1,250 crore as part of portfolio restructuring.

Rate sensitive stocks:  Banking, auto and realty sectors were trading higher in the afternoon trade. BSE Realty index, BSE Bankex and BSE Auto index were up 4.24 per cent, 3.68 per cent and 1.75 per cent at 1350, 20149 and 17,801.

First Published on September 18, 2015 9:32 am © The Indian Express Online Media Pvt Ltd

Source: www.financialexpress.com

Category: Payday loans

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