Page 3277 - Business Finance
Wipro Ltd is up for a fifth straight session in a row
The stock is quoting at Rs 282.95, up 1.25% on the day as on 12:44 IST on the NSE. Wipro Ltd is up 8.89% in last one year as compared to a 11.61% spurt in NIFTY and a 41.08% spurt in the Nifty IT.
After touching fresh record high Sensex cedes major gains; banking stocks fall
The BSE Sensex hit a fresh record high of 36,740 points in the morning session on Friday, but eventually trimmed major gains to trade marginally higher during the afternoon session.
Chana prices rise 2.05 pc on high demand
Chana prices went up by 2.05 per cent to Rs 3,976 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market. Besides, tight stocks positions following drop in arrivals from producing regions, fuelled the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in August went up by Rs 80, or 2.05 per cent higher, at Rs 3,976 per quintal with an open interest of 90,730 lots. Likewise, the commodity for delivery in the current month gained Rs 60, or 1.54 per cent, to Rs 3,931 per quintal in 4,890 lots. Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from producing regions.
Indices regain strength
Stocks once again regained strength in early afternoon trade amid volatility. At 12:18 IST, the barometer index, the S&P BSE Sensex, was up 86.12 points or 0.24% at 36,634.53. The Nifty 50 index was up 14 points or 0.13% at 11,037.20. Most capital goods stocks fell. Realty stocks declined.
BOJ may project inflation missing target for 3 more years: sources
TOKYO (Reuters) - The Bank of Japan this month might concede that inflation could fall short of its 2 percent target for as long as three more years, sources say, which would be the strongest sign yet of acceptance that its goal cannot be reach quickly.
Global Markets: Asian shares extend bounce but trade war caps gains
SHANGHAI (Reuters) - Asian shares extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-U.S. trade tensions have tempered exuberance.
Mentha oil futures gain 1.82 pc on spot demand
Mentha oil prices climbed 1.82 per cent to Rs 1,570 per kg in futures market today after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions. At the Multi Commodity Exchange, mentha oil for delivery this month was trading higher by Rs 28.10, or 1.82 per cent, at Rs 1,570 per kg with a business volume of 564 lots. The oil for August was trading higher by Rs 23.60, or 1.51 per cent, to Rs 1,584.10 per kg with a trading volume of 192 lots. Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
Board of TCI Express allots 21,900 equity shares under ESOS
At meeting held on 13 July 2018
R S Software (India) Ltd leads gainers in 'B' group
Oil Country Tubular Ltd, Refex Industries Ltd, Solara Active Pharma Sciences Ltd and Zicom Electronic Security Systems Ltd are among the other gainers in the BSE's 'B' group today, 13 July 2018.
Zinc futures soften 0.79 pc as demand declines
Zinc prices moved down by 0.79 per cent to Rs 175.45 per kg in futures trading today as speculators reduced exposure, driven by a fall in demand in the spot market. At the Multi Commodity Exchange, zinc for delivery in July fell by Rs 1.40, or 0.79 per cent to Rs 175.45 per kg in a business turnover of 4,135 lots. Likewise, the metal for delivery in August declined by Rs 1.15, or 0.65 per cent, to Rs 175.90 per kg in 160 lots. Analysts attributed the weakness in zinc prices at futures trade to a fall in demand from consuming industries in the physical market.
China's June soy imports jump ahead of tariffs on U.S. shipments
BEIJING (Reuters) - China's soybean imports in June jumped 13.1 percent from a year ago as buyers scooped up Brazilian supplies to avoid potentially higher costs on U.S. soybeans that are subject to Beijing's tariffs, customs data showed on Friday.
Top FX diplomat to be reappointed as Japan navigates global trade hazards
TOKYO (Reuters) - Japan will reappoint career bureaucrat Masatsugu Asakawa as its top currency diplomat, a source with direct knowledge of the matter told Reuters on Friday, maintaining the status quo at a time of global trade turbulence.
RIL's market cap breaches Rs 7 lakh-cr mark
The market valuation of Reliance Industries today surged past Rs 7 lakh crore mark in the morning trade, making it the second company after TCS to achieve this milestone. RIL's market capitalisation (m-cap) rose to Rs 7,01,404 crore (over USD 102 billion) during the early trade on BSE. The m-cap has been calculated at the stock's 52-week high price of Rs 1,107.25. Shares of the company rose by 2.31 per cent to Rs 1,107.25 on BSE today. Reliance Industries yesterday crossed the USD 100-billion market capitalisation mark for the first time in the last 10 years. Earlier, Reliance Industries had breached this mark in intra-day trade on October 18, 2007. The US dollar was quoted at Rs 39.59 at that time. The market valuation of RIL had crossed the Rs 6 lakh crore mark in November last year. The company announced aggressive business plan at its annual general meeting (AGM) held last week. The stock has been on an uptrend ever since and has gained nearly 14 per cent since July 5. IT ...
Vegoils: Palm oil near three-year low tracking weakness in related oils
KUALA LUMPUR (Reuters) - Malaysian palm oil futures fell to their lowest in nearly three years on Friday and were set for a fourth session of losses, tracking declines in related edible oils.
Focus: Survival of the finest: miners reboot as smog-hit China seeks high grade ore
BEIJING/MANILA (Reuters) - For miners seeking to cater to the changing appetite of China, the world's biggest iron ore importer, all eyes are on Tangshan, the country's biggest steel-making city and the drastic measures it's taking to rein in pollution.
China June aluminium, steel exports rise as trade row intensifies
BEIJING (Reuters) - China's aluminium exports exceeded half a million tonnes for only the second time ever in June while steel exports hit an 11-month high, as strong international prices and a weak yuan meant shipments continued to defy U.S. tariffs.
High tariffs could be negative for US: Fed Chair
US Federal Reserve Chairman Jerome Powell said that President Donald Trump's administration's high tariffs against imports could be negative for the American economy.
Sadbhav Engineering Ltd leads gainers in 'A' group
MphasiS Ltd, Shriram Transport Finance Company Ltd, Adani Enterprises Ltd and Finolex Industries Ltd are among the other gainers in the BSE's 'A' group today, 13 July 2018.
Weak market breadth
Volatility continued as the Sensex regained positive zone while the Nifty cut losses in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 75.15 points or 0.21% at 36,623.56. The Nifty 50 index was down 1.60 points or 0.01% at 11,021.60. IT stocks saw mixed trend.
Infosys gains ahead of Q1 results
Infosys rose 2.80% to Rs 1330.90 at 11:29 IST on BSE ahead of the company's Q1 June 2018 results later today, 13 July 2018.