Page 1549 - Business Finance

Bharat Financial Inclusion Ltd up for fifth session

Bharat Financial Inclusion Ltd is quoting at Rs 1030.4, up 1.25% on the day as on 12:44 IST on the NSE. The stock is up 2.26% in last one year as compared to a 4.56% spurt in NIFTY and a 8.85% spurt in the Nifty Financial Services.

Oil & Natural Gas Corpn Ltd spurts 1.43%, rises for fifth straight session

Oil & Natural Gas Corpn Ltd is quoting at Rs 148.95, up 1.43% on the day as on 12:44 IST on the NSE. The stock is down 18.63% in last one year as compared to a 4.56% jump in NIFTY and a 0.22% jump in the Nifty Energy.

NTPC Ltd up for five straight sessions

NTPC Ltd is quoting at Rs 146.35, up 1.99% on the day as on 12:44 IST on the NSE. The stock is down 17.67% in last one year as compared to a 4.56% gain in NIFTY and a 0.22% gain in the Nifty Energy.

Tata Motors Ltd spurts 4.97%, gains for five straight sessions

Tata Motors Ltd is quoting at Rs 175.25, up 4.97% on the day as on 12:44 IST on the NSE. The stock is down 56.81% in last one year as compared to a 4.56% gain in NIFTY and a 19.51% gain in the Nifty Auto.

Federal Bank Ltd rises for fifth straight session

Federal Bank Ltd is quoting at Rs 91.4, up 0.16% on the day as on 12:44 IST on the NSE. The stock is down 15.49% in last one year as compared to a 4.56% spurt in NIFTY and a 5.46% spurt in the Nifty Bank.

Oil prices pressured by oversupply, global economic concerns

SINGAPORE (Reuters) - Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.

H&M sales grow roughly in line with expectations in fourth quarter

STOCKHOLM (Reuters) - Sweden's H&M, the world's second-biggest fashion retailer, said on Monday that local-currency sales growth for its fiscal fourth quarter roughly matched market expectations.

H&M fourth-quarter local-currency sales up roughly in line with expectations

STOCKHOLM (Reuters) - Sweden's H&M, the world's second-biggest fashion retailer, reported on Monday local-currency sales growth for its fiscal fourth quarter that roughly matched market expectations.

Global Markets: Asian shares perk up ahead of key policy events in China, U.S.

TOKYO (Reuters) - Asian share markets ticked up on Monday as investors cautiously looked to whether key policy events in the United States and China could allay concerns about slowing global economic growth.

Coriander dips 0.39 pc on subdued demand

Coriander prices fell 0.39 per cent to Rs 6,650 a quintal in futures market Monday as participants cut down positions amid muted domestic as well as export demand against ample stocks position. Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiments. At the National Commodity and Derivatives Exchange, coriander prices for delivery in January declined by Rs 26, or 0.39 per cent, to Rs 6,650 per quintal with an open interest of 23,130 lots. On similar lines, rates for far-month April was trading at Rs 6,924, down by 0.2 per cent or Rs 14. The open interest of the contract stood at 9,030 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

Chana futures gain 0.09 pc on strong demand

Chana prices went up by 0.09 per cent to Rs 4,598 per quintal in futures trade Monday, as participants increased their holding, tracking a firm trend at the spot market on surging demand. At the National Commodity and Derivatives Exchange, chana for delivery in October rose by Rs 4, or 0.09 per cent, to Rs 4,598 per quintal with an open interest of 37,680 lots. Analysts said expanding of positions by traders on the back of strong demand in view of ongoing festive season and increased offtake by dal mills in the physical market mainly attributed the rise in chana prices at futures trade.

RSWM Ltd leads gainers in 'B' group

Gujarat Apollo Industries Ltd, Hercules Hoists Ltd, State Trading Corporation of India Ltd and Kanoria Chemicals & Industries Ltd are among the other gainers in the BSE's 'B' group today, 17 December 2018.

Nickel futures weaken on low spot demand

Nickel prices moved down by 0.06 per cent in futures market Monday as speculators reduced their positions amid low demand at the spot market. At the Multi Commodity Exchange, nickel for delivery in December month was trading lower by 50 paise, or 0.06 per cent at Rs 790.40 per kg in a business turnover of 174 lots. Marketmen said the fall in nickel prices was mostly due to offloading of bets by participants due to muted demand at the spot markets and a subdued trend overseas.

ABB to sell Power Grids division to Hitachi in $11 billion deal

TOKYO/ZURICH (Reuters) - ABB will sell 80.1 percent of its Power Grids division to Japan's Hitachi, the Swiss engineering group said on Monday, adding it would return net cash proceeds of $7.6-7.8 billion from the deal to shareholders.

Copper futures fall 0.29 pc as speculators trim bets

Copper futures traded 0.29 per cent lower at Rs 440.40 per kg Monday as speculators offloaded bets to book profits. Furthermore, subdued demand at domestic spot market pushed down metal prices. At the Multi Commodity Exchange, copper for delivery in far-month February shed Rs 1.30, or 0.29 per cent, to Rs 440.40 per kg in a business turnover of 263 lots. Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot markets.

Sensex, Nifty continue upward march; financials lead gains

(Reuters) - Indian shares rose on Monday, continuing their positive momentum from last week, with gains across most sectors led by financials as investors remained bullish heading into the last couple of weeks of calendar year 2018.

Metal and mining stocks gain

Key indices hovered near day's high in mid-morning trade. At 11:16 IST, the barometer index, the S&P BSE Sensex, was up 280.53 points or 0.78% at 36,243.46. The Nifty 50 index was up 65.60 points or 0.61% at 10,871.05. Metal and mining stocks gained.

D B Corp Ltd leads gainers in 'A' group

MMTC Ltd, Avanti Feeds Ltd, Hindustan Copper Ltd and Nilkamal Ltd are among the other gainers in the BSE's 'A' group today, 17 December 2018.

ABB to sell Power Grids to Hitachi, revamp business structure

ZURICH (Reuters) - ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders.

Silver futures fall 0.23 pc to Rs 37,996 per kg

Amid profit-booking by traders, silver prices fell by 0.23 per cent, to Rs 37,996 per kg Monday even as the metal strengthened overseas. At the Multi Commodity Exchange, silver for delivery February fell Rs 88, or 0.23 per cent, to Rs 37,996 per kg with a business turnover of 354 lots. Similarly, the white metal for delivery in March traded lower by Rs 85, or 0.22 per cent at Rs 37,969 per kg in 83 lots. Traders said offloading of positions by participants to book profits led to the fall in silver prices in futures trade but a firm trend in global market capped the fall. Globally, silver rose 0.03 per cent to USD 14.64 an ounce in Singapore Monday.