Equity Cash Intraday Tips Provider said BHEL is reported to have block deal in 20.8 lakh shares. However, no information has been received about the sellers selling it.
NTPC shares have fallen 5.5 per cent to Rs 114.75 after the June quarter results. The company's revenue grew 6.5 per cent to Rs 24,192 crore in the June quarter.
Shares of Bharat Forge fell 5.4 per cent on Tuesday to Rs 406 in intraday. Earlier the company had its results. In the first quarter of fiscal year 2019-20, the company's revenue declined by 4% to Rs 2413 crore. Net profit fell 28 per cent to Rs 173 crore during this period.
Following RIL's deal with Saudi Aramaco, its shares have gained over 9 per cent. Shares of Reliance Industries climbed 9.3 percent on Tuesday. This is the biggest gain in Reliance Industries shares since February 2017. RIL is the best performing stock on the Sensex and Nifty.
Talking about global signals, Asian markets are seeing weakness. But SGX NIFTY is trading with an edge. On the other hand, falling bond yields have caused the US markets to worry about recession. US markets closed down about 1.5 per cent in yesterday's trade. Dow slipped 390 points yesterday to go below 26000. The 10-year bond yield has hit a 2016 low. Banking shares in the US plunged by 2 per cent in yesterday's trade. BofAML has also said that there is a risk of recession in the next one year.