Page 3536 - Business Finance

Stocks snap 3-day rally on hawkish Fed, gloomy macro data

Equities reversed a three-session winning run today after the US Fed raised interest rates and struck a hawkish stance, souring appetite for emerging market assets. Trading sentiment was further dented after official data showed wholesale inflation shot up to a 14-month high of 4.43 per cent in May, while the current account deficit (CAD) jumped over three times to USD 48.7 billion, or 1.9 per cent of the GDP, in FY18. The BSE Sensex tumbled over 139 points to finish at 35,599.82. The broader NSE Nifty shed 48.65 points to 10,808.05. Global markets reeled after the US Fed raised its key interest rate by 0.25 per cent yesterday, the second increase of the year, and signalled two more hikes in 2018 and four in 2019. Investors are also awaiting European Central Bank's policy rate decision. The Sensex saw a slightly better start and advanced to a high of 35,749.88, but soon turned lower in line with a weak trend at other Asian markets. It finally finished 139.34 points, or 0.39 per cent, .

Global Markets: Euro goes up as ECB prepares to wind down

LONDON (Reuters) - The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus programme.

Antarctica reports standalone net profit of Rs 0.08 crore in the March 2018 quarter

Sales rise 102.44% to Rs 0.83 crore

Consolidated Finvest & Holdings reports standalone net loss of Rs 11.01 crore in the March 2018 quarter

Sales decline 59.32% to Rs 0.72 crore

ANG Industries reports consolidated net loss of Rs 8.86 crore in the March 2018 quarter

Sales decline 91.99% to Rs 2.17 crore

Creative Peripherals & Distribution standalone net profit declines 50.82% in the March 2018 quarter

Sales rise 24.22% to Rs 78.00 crore

Apollo Sindoori Hotels standalone net profit declines 61.14% in the March 2018 quarter

Sales rise 2.73% to Rs 34.25 crore

A B M International standalone net profit rises 566.67% in the March 2018 quarter

Sales rise 48.35% to Rs 35.41 crore

Grob Tea Co reports standalone net loss of Rs 13.17 crore in the March 2018 quarter

Sales decline 65.91% to Rs 7.62 crore

Castex Technologies reports standalone net loss of Rs 648.06 crore in the March 2018 quarter

Sales decline 66.19% to Rs 93.85 crore

LCC Infotech reports standalone net profit of Rs 0.01 crore in the March 2018 quarter

Sales decline 20.43% to Rs 1.87 crore

Kanani Industries reports standalone net profit of Rs 0.02 crore in the March 2018 quarter

Sales decline 3.16% to Rs 19.29 crore

Jullundur Motor Agency (Delhi) standalone net profit rises 4.66% in the March 2018 quarter

Sales decline 11.46% to Rs 93.99 crore

Samyak International standalone net profit declines 17.65% in the March 2018 quarter

Sales decline 2.72% to Rs 13.93 crore

Naga Dhunseri Group reports standalone net loss of Rs 0.04 crore in the March 2018 quarter

Sales rise 147.09% to Rs 29.28 crore

Tamil Nadu Telecommunications reports standalone net loss of Rs 3.84 crore in the March 2018 quarter

Reported sales nil

India Motor Parts & Accessories standalone net profit rises 11.86% in the March 2018 quarter

Sales decline 2.62% to Rs 125.97 crore

Spacenet Enterprises India reports standalone net profit of Rs 0.29 crore in the March 2018 quarter

Reported sales nil

Farmax India reports standalone net loss of Rs 0.30 crore in the March 2018 quarter

Reported sales nil

Spacenet Enterprises India reports consolidated net profit of Rs 5.44 crore in the March 2018 quarter

Sales decline 87.85% to Rs 0.13 crore