Page 3340 - Business Finance
Mustard seed futures prices rise on spot demand
Mustard seed prices looked up by Rs 9 to Rs 4,073 per quintal in futures trade today as traders created fresh positions in sync with higher physical markets sentiment. Market players said, pick up in demand from oil mills amid halt in arrivals from growing belts in the spot markets, encouraged traders to build up exposure, which reflected the upturn in mustard seed futures prices. At the National Commodity and Derivatives Exchange, mustard seed delivery for July went up by Rs 9, or 0.22 per cent, to Rs 4,073 per quintal with an open interest of 54,390 lots. The delivery for August also moved ahead by Rs 8, or 0.19 per cent, to Rs 4,121 per quintal in a business turnover of 1,01,990 lots.
Smartlink Hldgs issues Post-Buyback of equity shares
Of INR 2/- each
Tech Mahindra to discuss results
On 30 July 2018
Varroc Engineering shares jump nearly 7 pc in debut trade
Shares of auto component maker Varroc Engineering made a smart debut at the bourses today, surging nearly 7 per cent against the issue price of Rs 967. The stock debuted at Rs 1,032, reflecting a jump of 6.72 per cent from the issue price on the BSE. On the NSE, shares of the company opened the day at Rs 1,015, surging 4.96 per cent. The company's market valuation stood at Rs 13,889.63 crore. In terms of equity volume, 17.39 lakh shares of the company were traded on the BSE and over one crore shares changed hands at the NSE during the morning trade. The company's Rs 1,955-crore IPO was subscribed 3.6 times during June 26-28. Price band for the offer was fixed at Rs 965-967 per share. Varroc Engineering supplies auto parts to Jaguar Land Rover, Bentley, Audi and Harley Davidson. Besides, it supplies auto parts to giants such as Volkswagen, Ford, Honda and Bajaj Auto. Founded in 1990 in Aurangabad, Varroc is an automotive component manufacturer and supplier of exterior lighting systems,
Jeera futures slip 1.03 pc on profit-booking
Jeera prices fell by Rs 195 to trade at Rs 18,690 per quintal in futures market today as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand. Also, ample stock positions following higher supplies from the producing regions fuelled the downtrend. At the National Commodity and Derivatives Exchange, jeera for delivery this month fell Rs 195, or 1.03 per cent, to trade at Rs 18,690 per quintal with an open interest of 2,568 lots. Similarly, the spice for delivery in August moved down by Rs 160, or 0.84 per cent, to Rs 18,900 per quintal in 4,593 lots. Analysts said, besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stock positions, kept pressure on jeera futures.
Echostar seeks talks with Inmarsat after $3.2 billion offer rebuffed
LONDON (Reuters) - U.S. satellite group EchoStar said on Friday it was seeking engagement with the board of Inmarsat after the British firm rejected its latest takeover offer worth $3.2 billion to equity holders.
Cottonseed oil cake futures remain positive
The rising streak in cottonseed oil cake remained unabated, as prices rallied by Rs 13.50 to Rs 1,638.50 per quintal at futures trade today following elaboration of positions by traders, influenced by firm physical markets. Market players said, speculators were interested in enlarging holdings, tracking firm physical market sentiments in anticipation of the hike in the minimum support prices (MSP) for kharif crops by the government. The government has on Wednesday approved the hike in the minimum support price for paddy by a record Rs 200 per quintal. At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for August moved up by Rs 13.50, or 0.83 per cent, to Rs 1,638.50 per quintal, with an open interest of 1,11,150 lots. The delivery for July also gained by Rs 6.50, or 0.41 per cent, to Rs 1,601 per quintal, clocking an open interest of 57,550 lots.
Sensex continues positive momentum, up over 100 pts
The BSE Sensex maintained its momentum in afternoon session following sustained bouts of buying in shares of led by realty, auto, industrials, capital goods, despite weak Asian trend. Domestic funds got into action as the market awaited tariffs from the US and China to take effect later today. The 30-share index was trading higher at 35,712.11, showing a gain of 137.56 points, or 0.39 per cent at 1245 hrs. The broader Nifty-50 index was trading at 10,791.80, a gain of 42.05 points, or 0.39 per cent. Major gainers were Tata Motors, Hero MotoCorp, Bajaj Auto, Tata Motors DVR and Reliance Industries. Most Asian markets declined, as investors braced for developments on the global trade front and markets awaited tariffs from the US and China to take effect later today. Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 159.37 crore on a net basis, while domestic institutional investors (DIIs) also sold equities to the tune of Rs 296.97 crore yesterday, provisional data ...
Wheat futures extend gains on high demand
Wheat prices strengthened by 0.43 per cent to Rs 1,860 per quintal in futures market today as speculators engaged in building up positions following pick-up in demand in the spot market. At the National Commodity and Derivatives Exchange, wheat for delivery in July gained Rs 8, or 0.43 per cent, to Rs 1,860 per quintal with an open interest of 3,630 lots. On similar lines, wheat for delivery in August was trading higher by Rs 4, or 0.21 per cent, to Rs 1,873 per quintal in 5,360 lots. Analysts said widening of positions by traders due to increased demand from flour mills in the physical market against restricted arrivals from producing belts, kept wheat prices higher in futures trade.
Analysis: Cultural mix a hidden weapon in Nestle CEO's activist defence
LONDON (Reuters) - Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge.
Oil markets volatile as trade conflict between U.S. and China escalates
SINGAPORE (Reuters) - Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world's two biggest economies.
Samsung posts over 5% operating profit in Q2 2018
Samsung Electronics Co on Friday said its second-quarter operating profit advanced 5.19 per cent from a year earlier, but it failed to post record-breaking earnings apparently due to weaker-than-expected smartphone sales.
Global Markets: China leads rebound by Asia shares as U.S. tariffs kick in
SHANGHAI/TOKYO (Reuters) - Asian stocks bounced back from nine-month lows in volatile trade on Friday after Washington slapped tariffs on Chinese imports, a move many investors fear could be the start of a full-scale trade war between the world's two largest economies.
Tamil Nadu Petro Products Ltd leads gainers in 'B' group
Genesys International Corporation Ltd, Banaras Beads Ltd, Noida Toll Bridge Company Ltd and Raj Television Network Ltd are among the other gainers in the BSE's 'B' group today, 06 July 2018.
Endurance Tech seeks clarification of Manesar plant operations
W.e.f. 31 August 2018
Sensex, Nifty rise; energy, consumer stocks boost
(Reuters) - Indian shares rose on Friday and looked set to post a weekly gain with most sectors trading higher and energy stocks climbing on softer crude prices.
Chinese yuan down as U.S. trade tariffs kick in, stocks recover
SHANGHAI (Reuters) - Chinese stocks jumped in afternoon trade on Friday, reversing earlier losses, but the yuan remained weaker against the dollar as U.S. tariffs on Chinese goods kicked in, escalating the trade row between the world's two largest economies.
Copper futures fall 0.47% on weak global cues
Copper fell by 0.47 per cent to Rs 437.65 per kg in futures trade today as speculators cut down their positions, tracking a weak trend overseas. At the Multi Commodity Exchange, copper for delivery in November fell by Rs 2.05, or 0.47 per cent, to Rs 437.65 per kg in a business turnover of 189 lots. Likewise, the metal for delivery in August contracts weakened by Rs 1.50, or 0.35 per cent, to Rs 432 per kg in 1,332 lots. Analysts said, offloading of positions by traders, driven by a weak trend overseas where London copper traded lower for a fifth session, few hours before the United States announced tariffs on chinese goods. Copper, which was seen as a bellwether for economic health, hit an 11-month low in London, where it is down by 4.9 per cent so far this week, putting it on track for its steepest weekly drop since the week ending November 20, 2015. Meanwhile, copper for delivery in three-months went down by 0.8 per cent to USD 6,295 a tonne, its lowest since July 28, 2017, on the
Nickel futures fall 0.96% on weak overseas cues, low demand
Nickel prices drifted down by 0.96 per cent to Rs 974 per kg in futures market today as speculators reduced exposure amid easing demand at spot markets and a weak trend overseas. At the Multi Commodity Exchange, nickel for delivery in August fell by Rs 9.40, or 0.96 per cent, to Rs 974 per kg in a business turnover of 434 lots. Likewise, the metal for delivery in July contracts moved down by Rs 8.30, or 0.85 per cent, to Rs 968.70 per kg in 10,624 lots. Analysts attributed the fall in nickel futures to cutting down of positions by participants owing to slackened demand from alloy-makers in the spot market and weak global cues.
Oil markets volatile as trade war between U.S. and China escalates
SINGAPORE (Reuters) - Oil prices seesawed on Friday in a nervous market as the United States and China applied a raft of tariffs to each others' goods in an escalating trade war between the world's two biggest economies.