Page 2215 - Business Finance

BJP behind petrol pump strike in Delhi: Kejriwal

Demanding petrol and diesel be included in the GST regime, Delhi Chief Minister Arvind Kejriwal on Monday accused the BJP of forcing fuel pump owners to go on strike despite oil prices being lowest in the national capital among the four metros.

Speciality Restaurants Ltd leads gainers in 'B' group

Jindal Poly Investment & Finance Company Ltd, BLB Ltd, Tijaria Polypipes Ltd and The Byke Hospitality Ltd are among the other gainers in the BSE's 'B' group today, 22 October 2018.

Indiabulls Housing Finance spurts on bargain hunting

Indiabulls Housing Finance rose 11.02% to Rs 726.35 at 12:02 IST on BSE on bargain hunting after a recent slide.

Indiabulls Housing Finance Ltd leads gainers in 'A' group

Muthoot Finance Ltd, Cholamandalam Investment & Finance Company Ltd, DCM Shriram Ltd and Adani Enterprises Ltd are among the other gainers in the BSE's 'A' group today, 22 October 2018.

Chana futures down 0.46 pc on tepid demand

Chana prices slipped 0.46 per cent to Rs 4,079 per quintal in futures trade Monday after participants reduced exposure following subdued demand in spot market. In futures trading at the National Commodity and Derivatives Exchange, chana for delivery in November declined by Rs 19 or 0.46 per cent to Rs 4,079 per quintal with an open interest of 12,260 lots. The commodity for delivery in December too fell Rs 11 or 0.22 per cent to Rs 4,110 per quintal with open interest of 12,260 lots. Analysts attributed the fall in chana futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.

Gold futures decline Rs 52 on profit-booking

Gold prices fell by Rs 52 to Rs 31,685 per 10 grams in futures trade on Monday as participants went for profit-booking at prevailing levels amid a weak trend overseas. In futures trade at the Multi Commodity Exchange, gold for delivery in November shed Rs 52, or 0.16 per cent, at Rs 31,685 per 10 grams in a business turnover of 485 lots. Similarly, the yellow metal for delivery in December eased Rs 45, or 0.14 per cent, to Rs 31,860 per 10 grams in a modest volume of 232 lots. Analysts attributed the fall in gold futures to profit-booking by traders at the existing level and weakness in precious metals in the global market. Globally, gold was trading 0.02 per cent lower at USD 1,227.20 an ounce in Singapore Monday.

KKR-backed Calsonic to buy Fiat Chrysler's Magneti Marelli unit for $7.1 billion

TOKYO/MILAN (Reuters) - Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.

Oil rises on Iran sanctions, though U.S.-China trade war clouds outlook

SINGAPORE (Reuters) - Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month.

Graphic: Testing times - Five questions for the ECB

LONDON (Reuters) - Growing concern about the impact of trade tensions on the economic outlook, another spike in Italian borrowing costs, fraught Brexit talks and volatility in world markets make for a colorful backdrop to Thursday's European Central Bank meeting.

Mustard seed futures weaken, down Rs 25/a qtl

Mustard seed futures prices dropped by Rs 25 to Rs 4,200 per quintal in futures trading Monday on offloading of bets by participants, tracking a weak trend at the spot markets. Marketmen said trimming of positions by participants to book profits amid low spot demand against persistent supplies from growing belts, led to the fall in mustard seed prices. At the National Commodity and Derivative Exchange, mustard seed for delivery in December moved down by Rs 25 or 0.59 per cent to Rs 4,200 per quintal, showing an open interest of 6,000 lots. Mustard seed to be delivered in November month contracts also shed Rs 21,or 0.50 per cent at Rs 4,152 per quintal, in an open interest of 58,700 lots.

Robust demand lifts mentha oil futures by 1.50%

Mentha oil prices were higher by 1.50 per cent to Rs 1,744.90 per kg in futures trading Monday as participants built up fresh positions amid pick up in demand in the spot market. At the Multi Commodity Exchange, mentha oil for delivery in November shot up by Rs 25.90 or 1.50 per cent to Rs 1,744.90 per kg in business turnover of 55 lots. Similarly, the oil for delivery in the current month traded higher by Rs 24.70 or 1.45 per cent to Rs 1,727 per kg in 67 lots. Analysts said fresh positions created by traders after demand picked up from consuming industries in the physical market against restricted supplies from Chandausi, mainly pushed up mentha oil prices at futures trade.

Turmeric prices slip 0.43% on low demand

Turmeric prices drifted lower by 0.43 per cent in futures market Monday as participants cut down their bets, tracking weak domestic as well as export demand in the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in November declined Rs 28 or 0.43 per cent to Rs 6,588 per quintal with an open interest of 12,565 lots. Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies mainly kept pressure on turmeric prices in futures trade.

Nickel futures climb 1.33% on global cues, spot demand

Amid firming trend overseas and strong demand at the domestic market, nickel prices went up by 1.33 per cent to Rs 926.50 per kg in futures trade Monday as traders participants widened their bets. At the Multi Commodity Exchange, nickel for delivery in the current month contracts was trading higher by Rs 12.20 or 1.33 per cent to Rs 926.50 per kg in business turnover of 1,140 lots. Analysts attributed the persistent rise in nickel futures to widening of positions by participants on the back of firm global trend. Besides, strong demand from alloy-makers at the domestic spot markets supported the upside, they said.

Spot demand, global cues lift zinc futures by 0.56%

Zinc futures traded higher by 0.56 per cent to Rs 197.70 per kg Monday as traders enlarged positions following uptick in demand in the spot markets coupled with a firm trend overseas. In futures trade at the Multi Commodity Exchange, zinc for delivery this month traded higher by Rs 1.10 or 0.56 per cent to Rs 197.70 per kg in a business turnover of 5,364 lots. Market analysts attributed the rise in zinc futures to a firm trend at spot market on pick up in demand from consuming industries and a firming trend overseas.

Copper futures gain 0.53% on positive global cues

Tracking positive global cues, copper prices edged higher by 0.53 per cent to Rs 455.40 per kg in futures trade Monday as participants raised bets. At the Multi Commodity Exchange, copper for delivery in November was up by Rs 2.40, or 0.53 per cent, to Rs 455.40 per kg in business turnover of 984 lots. Likewise, the metal for delivery in February next year traded higher by Rs 2.35, or 0.50 per cent, to Rs 462.10 per kg in 102 lots. Analysts said besides firm trend overseas, pick-up in demand in the spot market, mainly led to rise in copper prices in futures trade.

Nifty, Sensex little changed; HDFC Bank rises

(Reuters) - Indian shares retreated from early gains to rise marginally on Monday, tracking upbeat mood in global markets, even as macro concerns continued to weigh on domestic investors.

Silver futures up by Rs 29/kg on firm global cues

Silver prices rose by Rs 29 to reach Rs 38,825 per kg in futures trading Monday as speculators created fresh positions amid firm trend overseas. At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 29, or 0.07 per cent, at Rs 38,825 per kg, in a business turnover of 671 lots. Likewise, the white metal for delivery in March contracts was trading higher by Rs 11, or 0.03 per cent, to Rs 39,631 per kg in 2 lots. Analysts said building up of positions by speculators in line with a firm trend in global markets for precious metals influenced silver prices at futures trade. Meanwhile, silver was up 0.27 per cent at USD 14.74 an ounce in Singapore Monday.

Asian stocks gain after Chinese assurances over slowdown

Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country's slowing economy. The Shanghai Composite index jumped 4.2 per cent to 2,656.87 and the Hang Seng in Hong Kong surged 2.4 per cent to 267,178.16. Japan's Nikkei 225 index reversed early losses, gaining 0.6 per cent to 22,659.52 and the Kospi in South Korea added 0.3 per cent to 2,162.01. Australia's S&P-ASX 200 countered the trend, shedding 0.5 per cent to 5,912.00. Shares rose in Taiwan, Singapore, Indonesia and the Philippines. Better-than-expected earnings reports by companies such as Procter & Gamble, American Express and PayPal gave US indexes an early lift on Friday. But the momentum was lost when data showed that US home sales fell for the sixth month in a row. The S&P 500 index was less than 0.1 per cent lower at 2,767.78. The Dow Jones Industrial Average finished 0.3 per cent higher at 25,444.34, while the Nasdaq composite fell 0.5 per cent to ..

Volumes jump at Container Corporation Of India Ltd counter

Container Corporation Of India Ltd saw volume of 2.11 lakh shares by 10:48 IST on BSE, a 10.63 fold spurt over two-week average daily volume of 19887 shares

Philips Q3 profit rises less than expected; cites currency headwinds

AMSTERDAM (Reuters) - Dutch healthcare technology company Philips on Monday said its core profit in the third quarter rose 6.8 percent to 568 million euros ($863 million), missing analyst estimates despite rising sales and improving margins.