L&T-MHPS Boilers, a joint venture company of L&T and Mitsubishi Hitachi Power Systems of Japan, has secured a large order from THDC India, which is a joint venture of Government of India and Government of Uttar Pradesh.
Friday, 30 August 2019
HDFC Bank To Sell It Entire Stake In Goods & Services Tax Network
L&T-MHPS Boilers, a joint venture company of L&T and Mitsubishi Hitachi Power Systems of Japan, has secured a large order from THDC India, which is a joint venture of Government of India and Government of Uttar Pradesh.
Asian Shares Ticked Higher On Friday As China Struck A Hopeful Tone
Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 16.50 points or 0.15 percent. Nifty futures were trading around 10,991.50-level on the Singaporean Exchange.
Thursday, 29 August 2019
The Sensex Is Down 151.90 Points Or 0.41% At 37299.94, While The Nifty Is Down 47.60
Indiabulls Housing, Balrampur Chini, Dwarikesh Sugar, Dhampur Sugar, Yes Bank, JSW Steel, Tata Steel, Coal India, ICIC Bank, Cipla, Power Grid, DRL, Sun Pharma are among major gainers on the indices, while losers are Wipro, Lakshmi Vilkas Bank, TCS, Infosys, DHFL, Coffee Day, JMC projects, Wockhardt and Piramal Enterprises and Redington.
Among sectors, except pharma all other indices are trading lower led by the metal, bank, IT, infra, FMCG and energy.
Trends On SGX Nifty Indicate A Negative Opening For The Broader Indices In India
US stocks climbed on Wednesday, recovering from early declines on gains in energy and financial shares, but investors remained leery about the potential for another flare-up in the US-China trade war, reported Reuters.
Wednesday, 28 August 2019
Shares Of IDBI Bank Plunged 10 Percent Intraday After Global Rating
S&P Global Ratings, on August 27, placed its 'BB' long-term and 'B' short-term foreign currency issuer credit ratings on IDBI Bank on Credit Watch with negative implications.
"We also placed our issue ratings on the bank's senior unsecured debt on CreditWatch with negative implications," the rating agency said.
Wall Street Slipped On Tuesday, Weighed Down By Financial Stocks
Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight US selloff. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.03 percent, Japan's Nikkei rose 0.04 percent and Australia's shares rose 0.07 percent.
Tuesday, 27 August 2019
IT Major Infosys On August 26 Said A Board Committee Is Considering Closure
The company in January had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore at a price not exceeding Rs 800 per equity share.
"The recent volatility indicates excessive pessimism among the participants and we do not see this fading away anytime soon. Besides, we’ve scheduled derivatives expiry on Thursday i.e. on August 29 and that would further add to choppiness.
Asian Stocks Tracked Global Peers Higher While Safe-Haven Bonds Sold
Supporting the market mood, US President Donald Trump on Monday flagged the possibility of a trade deal with China and said he believe Beijing was sincere in its desire to reach an agreement.
Global markets had been roiled at the start of the week by new tariffs from the world’s two largest economies. Japan's Nikkei and China's Shanghai Composite gained more than 1 percent.
Friday, 23 August 2019
Shares Of HDFC Bank Fell 1.6 Percent Intraday After The Private Sector
The country's largest private sector lender by market capitalisation informed exchanges that its board of directors, on August 22, appointed Srinivasan Vaidyanathan as the Chief Financial Officer with immediate effect.
The incumbent CFO of the bank, Sashidhar Jagdishan would continue to head the Finance function, and shoulder additional responsibilities as in charge of the verticals of Legal & Secretarial, Human Resources, Corporate Communications, Infrastructure, Administration, Corporate Social Responsibility and 'Change Agent of the Bank', it said.
It Is A Weak Start For The Indian Indices On August 23 With Nifty
The Sensex is down 259.50 points or 0.71% at 36213.43, and the Nifty down 78.10 points or 0.73% at 10663.30. About 188 shares have advanced, 394 shares declined, and 22 shares are unchanged.
ICICI Bank, Axis Bank, HDFC Bank, SBI, Indiabulls Housing, HDFC, Hindalco, UltraTech Cement, Cipla, RIL, Tata Steel and IOC are some of the major losers on the indices, while gainers are Yes Bank, Wipro, TCS, M&M and Hero Motocorp.
Thursday, 22 August 2019
The Sensex Is Down 91.50 Points At 36968.87, While Nifty Is Down 33.40 Points
Yes Bank, Britannia, Dr Reddy's, ITC, Sun Pharma and M&M are some of the gainers in the early trade on the Indices, while losers include LIC Housing, Indiabulls Housing, JSW Steel, Tata Steel, Hindalco, Vedanta, Axis Bank, IndusInd Bank and ICICI Bank.
Among sectors, except pharma and FMCG other indices are trading lower led by the metal, auto, energy, infra and IT.
Asian Shares Edged Ahead On Thursday After Wall Street Got A Boost
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in US consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.
Wednesday, 21 August 2019
HCL Technologies Launches Delivery Centre In New Zealand
It will support global customers and partners and provide access to the latest IT services and digital business technologies, which will drive innovation and customer centricity through design thinking, blockchain, cybersecurity, cloud and artificial intelligence.
Shares of NMDC fell over 1 percent on August 21 after Karnataka government withdraw the approval to extend the mining lease.
The Sensex Is Down 19.64 Points At 37,308.37, While Nifty Down 10.90 Points
Biocon, Alembic Pharma, Sun Pharma, Maruti Suzuki, Infosys, TCS, NTPC, Power Grid, Bajaj Auto and Hero MotoCorp are among major gainers, while losers include Britannia, Yes Bank, Hindalco, Tata Motors, Vedanta, SPARC and Asian Paints.
Among sectors, except IT other indices are trading lower led by the metal, FMCG and energy.
Tuesday, 20 August 2019
Dr Reddy's Launches Vigabatrin Oral Powder In US Market
Shares of Kwality touched 52-week low of Rs 2.19, down 4.3 percent on August 20 as company's losses widened in the quarter ended June 2019. The company's Q1FY20 loss was at Rs 64.6 crore against loss of Rs 0.85 crore in a year ago period.
It Is A Flat Start For The Benchmark Indices On August 20 With Nifty
The Sensex is up 28.28 points at 37,430.77, while Nifty is up 1.30 points at 11,055.20. About 327 shares have advanced, 356 shares declined, and 31 shares are unchanged.
Mahanagar Gas, Zee entertainment, Infosys, M&M, HDFC Bank, TCS are among major gainers on the indices, while losers include Britannia, Yes Bank, JSW Steel, IOC, Bharti Infra, Coal India , Tata Motors and ICICI Bank.
Wall Street Ends Higher: US Stocks Climbed On Monday
Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.
Monday, 19 August 2019
Titan Company Increases Stake In Subsidiary
Shares of Ujjivan Financial Services fell nearly 8 percent on August 19 after the company's decision to launch IPO of Ujjivan Small Finance Bank. Analysts feel the listing of bank is negative for shareholders of microfinance lender.
The Sensex Is Up 206.35 Points At 37,556.68, While The Nifty Is Up 61.80 Points
Interglobe Aviation, Sun Pharma, Titan, Indiabulls Housing, UPL, JSW Steel, Dr Reddy's Lab, Cipla, Bajaj Finserv, Axis Bank, Tech Mahindra, Hero Moto, Bharti Airtel, are some of the major gainers on the indices in the early trade, while losers are Unichem Lab, Power Grid, Zee entertainment, Asian Paints and M&M.
All the sectoral indices are trading in the green led by the pharma, IT, bank, auto, FMCG, infra and metal.
Wednesday, 14 August 2019
Share Price Of NMDC Rose 4 Percent On August 14 On The Back Of Strong
The company's Q1FY20 net profit was up 20.9 percent at Rs 1,179.3 crore against Rs 975.3 crore in a year ago period.
Shares of HDFC Life Insurance Company fell 7.5 percent on August 14 after reports suggested that Standard Life may have sold major stake in the company through block deals.
Asian Shares Joined A Global Equities Rally And Safe-Haven Government Bonds
US stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.
Tuesday, 13 August 2019
Bharat Forge, One Of World's Largest Forging Companies
Profit declined to Rs 171.92 crore in June quarter, from Rs 238.75 crore in same period last year. Revenue fell 3.55 percent year-on-year to Rs 23,278.56 crore in quarter ended June 2019.
"Q1 FY20 was a challenging quarter with negative demand development in the domestic market across segments, with OEM's focussed on correcting inventory levels across the value chain.
The Sensex Is Down 117.43 Points At 37464.48, While Nifty Is Down 32.90 Points
Reliance Industries, Gail India, BPCL, Yes Bank, Indiabulls Housing, Zee Entertainment, Tata Motors are some of the major gainers on the indices, while losers are NTPC, Bharti Airtel, Britannia Industries, Vedanta, M&M, Power Grid, HDFC, JSW Energy, HUL, Tech Mahindra, Inox, PVR and Dish TV.
Among sectors, except energy , all other indices are trading in the red led by the infra, FMCG, metal, pharma, bank, auto and IT.
Friday, 9 August 2019
Shares Of Yes Bank Shed Nearly 3 Percent On August 9 After Research House
NBCC plunged more than 13 percent on August 9 to hit its 52-week low of Rs 34.35 after company reported a 39 percent decline in consolidated net profit for the quarter ended June 30 at Rs 51 crore.
Share price of Page Industries touched 52-week low of Rs 17,438.45, falling 5.6 percent on August 9 after company reported poor numbers in the quarter ended June 2019 (Q1FY20).
The Sensex Is Up 141.42 Points At 37468.78, While Nifty Is Up 49.40 Points
Hexaware, Tata Chemical, Mahanagar Gas, UltraTech Cement, Endurance, UPL, Bajaj Finserv, Indiabulls Housing, Yes Bank, are among major gainers on the indices in the early trading, while losers are DHFL, Tech Mahindra, BPCL, HPCL and Page Industries.
Among sectors, except IT other indices are trading positive led by the bank, auto, energy, infra, metal and pharma.
Thursday, 8 August 2019
Shares Of HDFC Life Insurance Company Gained More Than 5 Percent Intraday
The stock rallied 42 percent in last six months amid strong demand.
However, MSCI decided to delete Union Bank of India from its Global Small Cap Index. After this news, shares of Union Bank of India corrected 2 percent at Rs 62.40.
Share Price Of Maruti Suzuki India Shed 1 Percent Intraday August 8
The company has reported 25.35 percent fall in its July 2019 production at 1,33,265 units against 1,78,533 units in July 2018.
Shares of Siemens added 5 percent on August 8 as company posted better numbers for the quarter ended June 2019.
Asian Shares Braced For More Volatility On Thursday
Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 4 points or 0.04 percent. Nifty futures were trading around 10,869-level on the Singaporean Exchange.
Wednesday, 7 August 2019
Cadila Healthcare Classifies Inspection As OAI
With inflation risks benign, pick up in monsoon in recent weeks and growth slowing down, we expect MPC to cut Repo rate by 25 basis points in credit policy on August 7, while maintaining accommodative policy stance.
RBI will take cognizance of currency depreciation, global trade war escalation and the need to maintain rate differentials with global bond yields and not go with a 50 basis points cut.
The Sensex Is Up 34.75 Points At 37,011.60, While Nifty Is Up 1.90 Points
Yes Bank, Hindalco, Bajaj Auto, IOC, Gail and TCS are among major gainers on the indices, while losers are Indiabulls Housing, Lakshmi Vilas Bank, Titan, Tata Steel, Eicher Motors, Vedanta, Coal India, ICICI Bank and NTPC.
Among sectors, except metal other indices are trading with marginal gains. BSE midcap and smallcap are trading higher.
Trends On SGX Nifty Indicate A Negative Opening For The Broader Indices In India
Nifty futures were trading around 10,910.50-level on the Singaporean Exchange.
US stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilise the yuan, easing concerns that currencies would be the next weapon in the US-China trade war.
US stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilise the yuan, easing concerns that currencies would be the next weapon in the US-China trade war.
Tuesday, 6 August 2019
Indiabulls Real Estate Clarifies on Embassy Group Deal
The US Food & Drug Administration has approved the abbreviated new drug application filed by Granules Pharmaceuticals, Inc., a wholly owned foreign subsidiary of Granules India for Amphetamine Sulfate Tablets USP 5 mg and 10 mg.
Indian Indices Are Trading Positive With Marginal Gains In The Opening Session
The Sensex is up 41.29 points at 36741.13, while Nifty is up 18.90 points at 10881.50. About 335 shares have advanced, 382 shares declined, and 28 shares are unchanged.
Zee Entertainment, Yes Bank, Hindalco, Tata Steel, Titan, HUL, RIL, are among major losers on the indices in the early trade, while gainers are SRF, Tech Mahindra, Eicher Motors, IndusInd Bank, Berger Paints Axis Bank and Bajaj Finance.
Wall Street Slumped On Monday And Futures Pointed To More Losses
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.75% to its lowest since January.
Japan's Nikkei shed 2.7%, Australian stocks fell 2.6% and South Korea's KOSPI slid 1.5%.
Trends on SGX Nifty indicate a negative start for the broader indices in India, a fall of 84.50 points or 0.78 percent. Nifty futures were trading around 10,785-level on the Singaporean Exchange.
Monday, 5 August 2019
Share Price Of Nestle India Rose More Than 4 Percent On August 5
The company's Q2 net profit jumped 10.8 percent to Rs 437.8 crore versus Rs 395 crore in the same quarter last fiscal.
The company has received the Establishment Inspection Report from the USFDA for its Aurangabad facility.
The facility was inspected by the USFDA between May 6, 2019 and May 15, 2019.
The Sensex Is Down 465.38 Points Or 1.25% At 36652.84, And The Nifty Down 141.90 Points
HDFC, TCS, NTPC, HCL Tech, are some of the major gainers on the indices, while losers include ICICI Bank, Axis Bank, Britannia, Bajaj Finance, Hero Motocorp, DHFL, Equitas Holding, LIC Housing, Union Bank of India and Indiabulls Housing.
All the sectoral indices are trading in the red led by the PSU bank, metal, auto, enenrgy, FMCG, infra and IT.
Asian Shares Extended Their Losses On Monday As A Sharp Escalation
Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 62.50 points or 0.57 percent. Nifty futures were trading around 10,952.50-level on the Singaporean Exchange.
Friday, 2 August 2019
Shares Of Raymond Declined 3 Percent On August 2 After Company Reported Net Loss
The company will be doing a buyback of upto USD 50 million of the USD 350 million 6.375 percent notes issued by the company under the updated USD 1,500 million secured Euro medium term note programme. The buyback will be done upon receipt of necessary regulatory approvals.
Share Price Of Ashok Leyland Touched 52-Week Low Of Rs 63.90, Down 8.7 Percent
The company's total sales declined 28% at 10,927 units against 15,199 units, while its M&HCV sales were down 39 percent at 6,722 units against 10,996 units, YoY.
Shares of Eicher Motors slipped more than 2 percent in the early trade on August 2 after company reported weak sales numbers for July 2019.
The company has reported 22 percent fall in its Royal Enfield July sales to 54,185 units versus 69,063 units in the same month last year.
The Sensex Is Down 191.90 Points Or 0.52% At 36826.42, And The Nifty Down 55.60 Points
Ashok Leyland, JSW Steel, Tata Steel, JSPL, Vodafone Idea, HDFL, Vedanta, Hindalco, Bhandhan Bank, Godrej Consumer, Apollo Tyres, Hero Moto, Eicher Motors, Tata Motors, IndusInd Bank, ICICI Bank are among major losers on the indices, while gainers are Bharti Airtel, IOC, HPCL, BPCL and Infosys.
All the sectoral indices are trading in the red led by the metal, auto, infra, FMCG, energy and pharma.
Thursday, 1 August 2019
Maruti Suzuki India, Country's Largest Passenger Vehicle Maker
Company sold 1.09 lakh units in July 2019, the lowest in last two-year, declined by 33.5 percent compared to 1.64 lakh units sold in previous year.
Numbers were lower than Nomura expectation of 1.17 lakh units for the month.
Maruti said domestic sales in July 2019 were down 35.1 percent at 1 lakh units and passenger car sales fell 36.2 percent to 71,486 units compared to July 2018.
Two And Three Wheeler Maker Bajaj Auto Has Reported A 5 Percent
The company sold 3.81 lakh units in July 2019, declined from 4 lakh units sold in same period last year.
Domestic sales fell 13 percent year-on-year to 2.05 lakh units, but exports increased 8 percent to 1.76 lakh units in July 2019, company said in its BSE filing.
"We don't see any greenshoots in demand yet. Domestic 2-wheeler volumes might continue to decline in August," Rajiv Bajaj, Managing Director said in an interview to CNBC-TV18.
Asian Shares Fell To Six Week Lows On Thursday And The Dollar Rose
The Dow and S&P 500 registered their biggest daily percentage drops in two months on Wednesday after Federal Reserve Chair Jerome Powell dampened expectations for further cuts following the central bank's first interest rate cut in a decade.
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Trends On SGX Nifty Indicate A Positive Opening For The Broader Index In India
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 31.5 points gain or 0.25 percent. The Nifty future...
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