Page 2264 - Business Finance
Australia Market gains on bargain hunting
Shares of materials and resources companies were higher, with BHP up by 1.4% following news it had upped its share in SolGold, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador. Rio Tinto was up 1.4% despite its third-quarter iron ore shipments falling 5% on planned maintenance and safety pauses following a fatality.
Metal shares in demand
Key benchmarks trimmed gains in mid-morning trade. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 267.86 points or 0.77% at 35,132.96. The Nifty 50 index was up 66.20 points or 0.63% at 10,578.70. The Sensex was trading above the psychologically important 35,000 mark after opening above that level. Sentiment was upbeat amid positive global markets.
Chana futures soften 0.65 pc on muted demand
Chana prices declined by 0.65 per cent to Rs 4,124 per quintal in futures trade Tuesday as speculators reduced exposure amid subdued demand at the spot market against adequate stocks position. At the National Commodity and Derivatives Exchange, chana for delivery in the current month fell by Rs 27, or 0.65 per cent, to Rs 4,124 per quintal, with an open interest of 960 lots. Similarly, the commodity for delivery in November declined by Rs 15, or 0.36 per cent, to Rs 4,114 per quintal in 47,620 lots. Marketmen said trimming of positions by traders on the back of easing demand in the physical market against adequate stocks position, mainly influenced chana prices at futures trade.
Turmeric prices slip 0.60% on low demand
Turmeric prices drifted lower by 0.60 per cent to Rs 6,600 per quintal in futures market Tuesday as participants cut down their bets, tracking weak domestic demand at the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in November declined Rs 40, or 0.60 per cent, to Rs 6,600 per quintal with an open interest of 11,950 lots. Similarly, the spice for delivery in current month shed Rs 8, or 0.11 per cent, to Rs 6,950 per quintal in 1,680 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.
Analysis: Lost in transmission - China's small firms get more loans on paper but not in reality
BEIJING (Reuters) - Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.
Spot demand lifts refined soya oil futures by 0.46%
Refined soya oil prices edged higher by 0.46 per cent to Rs 768 per 10 kg in futures trade Tuesday as speculators built fresh positions, driven by uptick in demand at the spot markets. At the Multi Commodity Exchange, refined soya oil for November went up by Rs 3.55, or 0.46 per cent to Rs 768 per 10 kg with an open interest of 34,880 lots. On similar lines, the oil for delivery in current month edged up by 70 paise, or 0.09 per cent to Rs 755.50 per 10 kg in 9,930 lots. Analysts said fresh positions created by traders due to pick up in demand in the physical market against tight stocks position owing to fall in arrivals from growing regions, mainly led to rise in refined oil prices at futures trade.
Nifty, Sensex trade higher on strong second-quarter earnings so far
(Reuters) - Indian shares rose on Tuesday amid positive global markets, with all eyes on market heavyweight Infosys Ltd which is widely expected to report a higher profit later in the day.
Mustard seed futures rise on positive cues
Mustard seed prices were higher by Rs 3 to Rs 4,172 per quintal in futures trade Tuesday on accumulation of positions amid higher physical sentiments. Marketmen attributed the up-tick in mustard seed futures prices to pick-up in demand for oil mills amid tight arrivals from producing belts in physical markets. At the National Commodity and Derivative Exchange, mustard seed delivery for November contracts advanced by Rs 3, or 0.07 per cent, to Rs 4,172 per quintal, having an open interest of 60,790 lots. Also, the delivery in December moved up by a similar margin to trade at Rs 4,229 per quintal in an open interest of 4,250 lots.
Volumes spurt at EIH Ltd counter
EIH Ltd registered volume of 1 lakh shares by 10:47 IST on BSE, a 14.24 fold spurt over two-week average daily volume of 7042 shares
Markets open in green as Sensex notches up 153 points
The market on Tuesday rebounded in the opening trade with BSE Sensex up by 153 points or 0.4 per cent to 35,018 and Nifty Index hovering around 10,554 in the pre-opening trade.Indian rupee also gained 0.09 paise with a value of 73.92 per dollar.Majority of the sectors compiled by BSE were trading higher led by the S&P BSE Auto Index's one per cent profit.The top gainers under Sensex were Asian Paints which was up by 2.61 per cent followed by IndusInd Bank, which gained 2.39 per cent. Adani Ports also notched up by 2.24 per cent.Under Nifty, the companies which recorded gains were Indiabulls Hsg. Fin and Bajaj Finance, among others. Their shares were up by 2.70 per cent and 2.13 per cent, respectively.Crude oil prices in the international market also rose to $81.92 barrel after lowering of global growth forecast by International Monetary Fund. The rise in the price of crude oil has also adversely affected the rupee. The price of the crude oil price has risen 30.23 per cent from ...
Gold stays near 2-1/2-month high as risk aversion lends support
BENGALURU (Reuters) - Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncertainty.
Silver futures up Rs 19 per kg to to Rs 39,205
Silver prices increased by Rs 19 to Rs 39,205 per kg in futures trade Tuesday after participants raised their holdings. However, a weak trend overseas, limited the gains. At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 19 or 0.05 per cent to Rs 39,205 per kg in a business turnover of 708 lots. In a similar manner, silver for delivery in December month contracts was trading higher by Rs 18, or 0.05 per cent at Rs 39,171 per kg, in a business volume of 162 lots. Analysts attributed the rise in silver prices at futures trade to raising of bets by participants but a weak trend in the precious metals in global market, kept gains limited. Globally, however, silver shed 0.07 per cent at USD 14.75 an ounce in Singapore.
Delta Corp jumps after Q2 earnings
Shares of Delta Corp were up 7% at Rs 242.30 at 10:44 IST on BSE.
Nickel futures succumb to profit-booking, down 0.51%
Nickel futures traded 0.51 per cent lower at Rs 921 per kg on Tuesday as participants reduced their exposure to book profits amid weak global cues. Besides, muted demand at the domestic spot markets from consuming industries too weighed on the prices. At the Multi Commodity Exchange, nickel for delivery in current month fell by Rs 4.70, or 0.51 per cent, to Rs 921 per kg in a business turnover of 616 lots. Market analysts said profit-booking coupled with a weak trend in select base metals overseas mainly weighed on nickel futures.
Copper futures slide 0.28 pc as traders trim position
Copper prices fell by 0.28 per cent to Rs 455.75 a kg in futures trade Tuesday as participants reduced their exposure amid muted demand at the domestic spot markets and weak global cues. At the Multi Commodity Exchange, copper for delivery in November declined by Rs 1.30 or 0.28 per cent to Rs 455.75 per kg in a business turnover of 642 lots. Analysts said offloading of positions by traders, tracking subdued demand at the domestic spot markets as some industrial metals fell due to low demand and weak overseas cues, mainly weighed on copper prices at futures trade.
South Indian Bank spurts after Q2 results
Shares of South Indian Bank were up 13.73% at Rs 14.33 at 10:42 IST on BSE.
Whirlpool of India Ltd Surges 3.6%
Whirlpool of India Ltd has lost 7.75% over last one month compared to 9.9% fall in S&P BSE Consumer Durables index and 8.09% drop in the SENSEX
TUV India Growth Journey Continues With New Office at Bangalore
/ -- TUV India Private Limited (TUV NORD Group), a leading inspection, certification and testing organization, announces its new office at West of Chord Road, Rajajinagar, Bangalore. The new office is built with modern infrastructure and architecture, which will further provide an excellent work environment for employees. TUV India senior management team joined the Bangalore team for inauguration of this office on 13th Oct 2018. (Photo: https://mma.prnewswire.com/media/769729/TUV_India_Senior_Management.jpg ) (Photo: https://mma.prnewswire.com/media/769728/TUV_India_Bangalore_Team.jpg ) (Photo: https://mma.prnewswire.com/media/769727/TUV_India_Auspicious_Occasion.jpg ) Mr. Anil Kumar, Vice President - Business Development, Inspection welcomed the senior management team of TUV India for the inaugural ceremony of the new office and expressed his pleasure towards continuous growth in the region. On this occasion, Mr. Manish Bhuptani, Managing Director, TUV India Private Limited said, "I .
Gold futures rise 0.11% on fresh bets
Gold prices rose 0.11 per cent to Rs 32,102 per 10 grams in futures trade as participants created fresh positions even as the precious metal weakened overseas. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 36, or 0.11 per cent to Rs 32,102 per 10 grams in a business turnover of 126 lots. Gold for delivery in November contracts also gained Rs 27, or 0.08 per cent, to quote at Rs 31,904 per ten grams in 447 lots. Analysts said fresh positions created by traders mainly supported the upside in gold prices in futures trade here but a weak trend in global market, capped the gains. Globally, gold shed 0.07 per cent to USD 1,226.90 an ounce in Singapore.
Board of OCL India approves scheme of arrangement and amalgamation
At meeting held on 15 October 2018