Page 2769 - Business Finance
Volumes jump at Thomas Cook (India) Ltd counter
Thomas Cook (India) Ltd saw volume of 11.87 lakh shares by 10:48 IST on BSE, a 100.71 fold spurt over two-week average daily volume of 11787 shares
MEP Infrastructure Developers update on directives of MSRDC
Temporary exemption of toll tax at Airoli, Mulund-EEH and Mulund-LBS Toll Plazas
Robust demand lifts zinc futures by 0.60%
Supported by upsurge in demand in the spot market, zinc prices edged up by 0.60 per cent to Rs 168.05 per kg in futures trade today as participants raised bets, taking positive cues from the spot market on pick up in demand. At the Multi Commodity Exchange, zinc for delivery in August rose by Re 1, or 0.60 per cent to Rs 168.05 per kg in business turnover of 1234 lots. On similar lines, the metal for delivery in September was trading higher by 95 paise, or 0.57 per cent to Rs 168.20 per kg in 94 lots. Analysts said expansion of positions by traders on the back of firm demand from consuming industries at the physical market pushed up zinc prices in futures trade.
Maruti aims to double sales of LCV Super Carry this fiscal
Country's largest carmaker Maruti Suzuki India (MSI) is looking to double the sales of its light commercial vehicle Super Carry to around 20,000 units in the current fiscal, a top company executive said. The company, which sold around 10,000 units of the light commercial vehicle (LCV) in 2017-18, is bullish on on the sales on account of sales network expansion for the LCV across the country. "We have already crossed the 200-mark in terms of sales network for Super Carry. So now we are present across the country," MSI Senior Executive Director (Sales and Marketing) RS Kalsi told PTI. "Last year we sold about 10,000 units and now we are expecting at least double the numbers this year," he added. MSI had sold just 900 units of Super Carry in 2016-17. When asked about sales network expansion for the LCV business during the current fiscal, Kalsi said it is an ongoing process. We will look out for opportunities and accordingly take a call. Right now the numbers are not that big so we will ..
N Korea's Kim condemns own country's health sector
North Korean leader Kim Jong Un has denounced his own country's health services, state media reported today, criticising officials for being "very idle and irresponsible". Impoverished and isolated North Korea, which is subject to multiple sets of UN Security Council sanctions over its pursuit of nuclear weapons, suffers from chronic food shortages and inadequate health services according to international aid agencies. Hospitals lack medicines, equipment, and trained staff. While Pyongyang regularly proclaims its desire to provide its people with a better life, Kim roundly condemned its health system on a visit to a medical devices factory. Some sectors "have made remarkable leaps forward in recent years" Kim said according to the official Korean Central News Agency, "but the public health sector has never done so and become more and more passive". "There is no unit keeping its environment well in the public health sector, to say nothing of equipment modernisation," he added at the ...
Spot demand lifts nickel futures by 0.46%
Nickel prices went up by 0.46 per cent to Rs 950.90 per kg in futures trade today as participants raised bets, taking positive cues from the spot market on pick up in demand. At the Multi Commodity Exchange, nickel for delivery in August moved up by Rs 4.40, or 0.46 per cent to Rs 950.90 per kg in business turnover of 1,258 lots. In a similar fashion, the metal for delivery in September gained Rs 3.90, or 0.41 per cent to Rs 954.70 per kg in 33 lots. Analysts said widening of positions by traders following pick up in demand from alloy-makers in the spot markets influenced nickel prices in futures trade.
Copper futures up 0.17% on global cues
Copper prices edged up by 0.17 per cent to Rs 419.80 per kg in futures trading today as speculators built up fresh positions, taking positive lead from global markets. Besides, uptick in demand at the domestic spot markets, too, fuelled the uptrend. At the Multi Commodity Exchange, copper for delivery in far-month November hardened by 70 paise, or 0.17 per cent to Rs 419.80 per kg in business turnover of 12 lots. Similarly, the metal for delivery in August inched up by 30 paise, or 0.07 per cent to Rs 412.40 per kg in 1,025 lots. Market analysts said sentiment was bolstered base metals prices rose in Asian trade today, with London copper climbing back above the USD 6,000 a tonne mark, as the dollar slipped and the market awaited crunch US-China trade talks in Washington. Meanwhile, copper for delivery in three-month edged up 0.2 per cent to USD 6,004.50 a tonne on the London Metal Exchange. Also the rates for most-traded October on the Shanghai Futures Exchange climbed 0.6 per cent to
FDC drops as USFDA issues observations for Waluj plant
FDC lost 3.65% to Rs 242.60 at 10:36 IST on BSE after the company said that USFDA has issued Form 483 with 8 observations for its sterile ophthalmic manufacturing facility at Waluj, Aurangabad.
IT stocks gain
Stocks once again regained positive zone in morning trade soon after reversing intraday gains in early trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 20.51 points or 0.05% at 38,299.26. The Nifty 50 index was up 12.25 points or 0.11% at 11,564. IT stocks gained.
Capital Float buys finance management app Walnut for Rs 209 cr
Bengaluru-based lending company Capital Float on Tuesday announced it has acquired Pune-based personal financial management app Walnut for $30 million (nearly Rs 209 crore).
US stocks end in the green
Nike hits 52 week high
Gold futures rise 0.17% on positive global cues
Tracking a firm global trend, gold prices moved up by 0.17 per cent to Rs 29,547 per 10 grams in futures trade today as speculators built up fresh positions. At the Multi Commodity Exchange, gold for delivery in October went up by Rs 50, or 0.17 per cent, to Rs 29,547 per ten grams in a business turnover of 108 lots. Market analysts said fresh positions created by traders in sync with a firming global trend where gold prices rose on the back of a weaker US dollar, after US President Donald Trump said he was not thrilled with the US Federal Reserve for raising interest rates. Globally, gold rose 0.33 per cent to USD 1,194 an ounce in Singapore.
Silver futures gain 0.37% on global cues
Taking positive cues from overseas markets, silver prices traded higher by 0.37 per cent to Rs 36,913 per kg in futures market today as speculators created fresh positions. At the Multi Commodity Exchange, silver for delivery in September rose by Rs 135, or 0.37 per cent to Rs 36,913 per kg in a business turnover of 326 lots. Similarly, the white metal for delivery in December contracts traded higher by Rs 138, or 0.37 per cent, to Rs 37,738 per kg in 6 lots. Market analysts said fresh positions built up by traders in tandem with a firm global trend influenced silver prices in futures trade. Meanwhile, silver rose by 0.31 per cent to USD 14.78 an ounce in Singapore.
HCL Tech gains after fixing record date
HCL Technologies rose 1.74% to Rs 1,008 at 9:41 IST on BSE after the company fixed Friday, 31 August 2018 as the record date for its share buyback plan.
Hong Kong Market gains 0.5%
OFFSHORE MARKET NEWS, US stock market closed higher for a third session on Monday, as a pair of billion-dollar deals reaffirmed confidence that the U.S. economy continues its steady expansion. Optimism that progress would be made toward resolving contentious trade disputes between the U.S. and China also bolstered sentiment. The Dow Jones Industrial Average advanced 89.37 points or 0.35% to 25,758.69, the Nasdaq gained 4.68 points or 0.06% to 7,821.01 and the S&P 500 picked up 6.92 points or 0.24% to end at 2,857.05.
China Market gains 1.4%
Market participants are awaiting developments in the US-China trade conflict after the two countries said on Thursday, 16 August 2018, that they would hold lower-level trade talks next week. As per reports, the talks in Washington would take place on August 21 and 22, just before $16 billion in new US tariffs on Chinese goods take effect, along with an equal amount of retaliatory tariffs from Beijing. The US Trade Representative's office said on Friday it doubled the length of tariff hearings on the next $200 billion worth of Chinese goods to six days from the previously planned three due to overwhelming demand from companies to testify. The hearings will be held Aug. 20-24 and on Aug. 27.
Equity indices touch fresh highs as rupee strengthens
An appreciation in the Indian rupee lifted the key equity indices -- S&P BSE Sensex and the NSE Nifty50 -- to fresh intra-day highs during the morning trade session on Tuesday.
Sensex, Nifty erase gains after hitting record highs
Benchmark indices Sensex and Nifty erased early gains after hitting record highs in opening trade ahead of US-China trade talks. The 30-share BSE index spurted 124.21 points, or 0.32 per cent, to hit a new high of 38,402.96, surpassing its previous record of 38,340.69 marked yesterday. The index, however, turned choppy and was trading 9.19 points, or 0.02 per cent, lower at 38,269.56 at 0945 hrs. The gauge has gained 615.19 points in the past two sessions. The 50-share NSE Nifty also rose 30 points, or 0.25 per cent, to hit a fresh high of 11,581.785, breaking it previous record of 11,565.30 hit yesterday. The index also turned volatile, and was trading 6.15 points, or 0.05 per cent, lower at 11,545.60 at 0945 hrs. US President Donald Trump's comments on manipulation of currencies by China and Europe ahead of the resumption of trade talks between US and China weighed on global investor sentiment, traders said. Top losers include Vedanta, Tata Steel, ICICI Bank, SBI, Bharti Airtel and .
Anil D Ambani writes letter on Rafale offset exports / work share
Some highlights from the said letter:
Sensex, Nifty retreat after striking record high
Domestic stocks trimmed gains soon after seeing a gap-up opening which pushed the Sensex and the Nifty to record high. At 9:35 IST, the barometer index, the S&P BSE Sensex, was down 16.56 points or 0.04% at 38,262.19. The Nifty 50 index was up 3.80 points or 0.03% at 11,555.55.