Page 1773 - Business Finance
Chana futures up 1.31% on spot demand
Chana prices rose by 1.31 per cent to Rs 4,700 per quintal in futures trade Wednesday as traders built up huge positions, supported by strong demand from dal mills at the spot market. At the National Commodity and Derivatives Exchange, chana for January, next year, was trading higher by Rs 61, or 1.31 per cent, to Rs 4,700 per quintal with an open interest of 14,850 lots. The commodity for December, too, traded higher by Rs 54, or 1.16 per cent, to Rs 4,706 per quintal in 31,900 lots . Marketmen said widening of positions by participants, triggered by surging demand from dal mills kept chana prices higher.
Copper futures rise 0.18% on good demand
Copper prices were up by 0.18 per cent to Rs 436.40 per kg in futures trade Wednesday as speculators raised their bets, tracking a pick up in spot demand. However, a weak trend in base metals overseas on fears slowing growth and restricted the gains. In futures trading at the Multi Commodity Exchange, copper for delivery in November rose by 80 paise, or 0.18 per cent to trade at Rs 436.40 per kg with a turnover of 784 lots. Market analysts attributed the rise in copper futures prices to building up of fresh positions by participants driven by a firm demand at the domestic physical markets.
Outcome of board meeting of Rajputana Investment & Finance
Held on 20 November 2018
Thyssenkrupp forecasts profit rise in bid to win back trust
ESSEN, Germany (Reuters) - Thyssenkrupp on Wednesday forecast a 42 percent rise in 2019 profit for its continuing operations, which strips out steel, in an effort to win back investors that have fled the conglomerate since an announcement to split into two.
Global Markets: Asia stocks slip as growth worries grip global markets
TOKYO (Reuters) - Asian stocks slipped on Wednesday as intensifying concerns about global economic growth gripped financial markets, sending Wall Street shares tumbling and driving the safe haven dollar up from a two-week low.
Jeera futures edges up 0.83% on uptick in demand
Jeera prices went up by 0.83 per cent to Rs 18,745 per quintal in futures trade Wednesday as speculators expanded their holdings, driven by pick-up in demand from stockists and overseas enquiries. In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in far-month March next year contract rose by Rs 155, or 0.83 per cent, to Rs 18,745 per quintal with an open interest of 567 lots. Likewise, the contract for delivery in December was up by Rs 25, or 0.13 per cent, to Rs 19,785 per quintal with an open interest of 4,911 lots. Traders said speculative positions built up by participants amid rising demand at the domestic spot markets mainly influenced jeera prices at futures trade here.
Gold futures fall by Rs 63 on profit-booking, global cues
Gold prices eased by Rs 63 to Rs 30,996 per 10 gram in futures trade Wednesday due to profit-booking by speculators amid weak trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month February next year contracts fell by Rs 63, or 0.20 per cent, to quote at Rs 30,996 per 10 gram in a business turnover of 81 lots. Similarly, the metal for delivery in December eased by Rs 57, or 0.18 per cent, to Rs 30,757 per 10 gram in 336 lots. Analysts said the fall in gold prices at futures market was due to profit-booking by traders at prevailing levels and the metal's losses in global market in view of a stronger dollar. Globally, the gold was trading 0.05 per cent down at USD 1,221.50 an ounce in Singapore Wednesday.
Crude oil prices bounce 0.88% on global cues
Crude oil prices rose 0.88 per cent to Rs 3,888 per barrel Wednesday as speculators created fresh positions amid positive cues from Asian markets. Traders said oil prices recovering part of the previous day's near 7 per cent plunge, supported by a report of an unexpected decline in US commercial crude inventories, influenced oil prices at futures trade here. At the Multi Commodity Exchange, crude for delivery in December was trading higher by Rs 34,or 0.88 per cent, to Rs 3,888 per barrel in a business turnover of 3,694 lots. Meanwhile, West Texas Intermediate gained 1.63 per cent, to USD 54.30, while Brent crude, the international benchmark, recovered 1.55 per cent to USD 63.50 per barrel. Meanwhile, Brent crude prices dropped sharply on Tuesday to trade at one-year low of USD 62.17 per barrel amid concern about rising global supplies.
SpiceJet Ltd leads gainers in 'A' group
Jaiprakash Associates Ltd, Dr Reddys Laboratories Ltd, Jet Airways (India) Ltd and Kwality Ltd are among the other gainers in the BSE's 'A' group today, 21 November 2018.
Nifty, Sensex fall in line with broader Asia; IT stocks drag
(Reuters) - Indian shares declined for a second day on Wednesday, tracking weakness in broader Asian markets, due to heightened concerns about global economic growth as crude oil prices struggled to hold ground.
Japan says ready to work for stability of Nissan-Renault alliance
TOKYO (Reuters) - Japan said on Wednesday it is ready to work for the stability of the Nissan-Renault global alliance following the stunning arrest of common Chairman Carlos Ghosn, as the Asahi newspaper reported prosecutors are weighing bringing a case against the Japanese automaker.
Aviation stocks take off
Shares of three aviation companies were up by 2.49% to 5.88% at 11:25 IST on BSE, following a steep fall in crude oil prices.
UPL set to expands its presence in Central America and the Caribbean Region
Through acquisition of certain entities of Bioquim Group
Focus attention on uplifting the poor, farmers, weavers and craftsmen to achieve real growth: Vice President
Mr Naidu said, "Share and Care' is the core of Indian philosophy and it was incumbent on all to make everyone partners to partake of the fruits of development". The Vice President lauded the Aditya Birla Group for adopting the values of trusteeship in the conduct of its business.
Tokyo court decides to keep Ghosn detained for 10 days: Kyodo
TOKYO (Reuters) - Tokyo District Court has decided that Nissan Motor Chairman Carlos Ghosn and Representative Director Greg Kelly will be detained for 10 days, Kyodo News reported on Wednesday.
Holiday wish list: U.S. states count on extra online sales tax to boost budget
NEW YORK (Reuters) - Illinois, the U.S. state with the lowest credit rating on Wall Street, has often been chastised for using gimmicks to balance its budget.
IT stocks drop
Key benchmark indices traded near intraday low in mid-morning trade as pivotals remained gripped in selling pressure. At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 348.58 points or 0.98% at 35,125.93. The Nifty 50 index was down 82.05 points or 0.77% at 10,574.15. Shares of index heavyweight Reliance Industries dropped. IT stocks declined. Subdued Asian indices weighed adversely on the domestic bourses.
Piramal Enterprises to raise up to Rs 1000 crore
Through private placemen to NCDs
Mumbai Recorded Gross Absorption of 1.9 Million sq ft in Q3 2018, a QOQ Increase of 11%: Colliers International India
/ -- Mumbai recorded gross absorption of 1.9 million sq ft in Q3 2018, a QoQ increase of 11%. This take-up was concentrated in micromarkets including Andheri East (25%), Navi Mumbai (18%), LBS/Eastern Suburbs (15%), and Goregaon/JVLR (12%). Flexible workspace operators continued to drive leasing activity, accounting for nearly 36% of gross absorption in Q3 2018, followed by BFSI occupiers representing 28% and consulting occupiers accounting for 15%. The remaining proportion was contributed by occupiers across varied sectors including IT/ITeS, manufacturing, media and pharmaceuticals. In Q3 2018, three of the top five deals were recorded by flexible workspace operators. These deals were in the micromarkets of Andheri East, Navi Mumbai and Goregaon/JVLR. "The cost-conscious occupiers considering consolidation and relocation should investigate micromarkets such as Lower Parel and Andheri East for their front-office operations, and Navi Mumbai and Thane for their back-office operations. ..