Page 3905 - Business Finance
Indian firms grappling to comply with upcoming EU data privacy law (Tech Trend)
As the European Union (EU) gets ready to implement the much-awaited General Data Protection Regulation (GDPR) to harmonise data privacy laws for its citizens from May 25, most of the Indian organisations are still grappling to comply with the stringent regulation.
Gold futures down 0.17% on global cues
Gold prices dipped by 0.17 per cent to Rs 31,037 per 10 grams in futures trade today as speculators trimmed their positions, tracking a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in June fell by Rs 54, or 0.17 per cent to Rs 31,037 per ten grams in business turnover of 116 lots. In a similar fashion, the yellow metal for delivery in far-month August was trading lower by Rs 44, or 0.14 per cent to Rs 31,305 per ten grams in 7 lots. Analysts said off-loading of positions by participants in line with a weak trend overseas as the dollar rose and demand for safe-haven assets eased after US Treasury Secretary Steven Mnuchin said the US trade war with China was on hold, mainly influenced gold prices at futures trade here. Globally, gold fell 0.33 per cent to USD 1,287.60 an ounce in Singapore today.
Akme Star Housing Finance to announce Quarterly Result
On 28 May 2018
Sensex, Nifty hit fresh intraday low
Key benchmark indices trimmed losses after hitting fresh intraday low in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 69.27 points or 0.20% at 34,779.03. The Nifty 50 index was down 30.15 points or 0.28% at 10,566.25.
Mentha oil drops 1.72% on muted demand
Mentha oil futures fell 1.72 per cent to Rs 1,301.20 per kg today as speculators trimmed their positions, driven by subdued demand from consuming industries at the spot markets. Besides, adequate stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh fuelled the downtrend. At the Multi Commodity Exchange, mentha oil for delivery in the current month declined by Rs 22.40, or 1.72 per cent, to Rs 1,301.20 per kg in a business turnover of 59 lots. Likewise, the oil for delivery in June traded lower by Rs 11.70, or 1 per cent, at Rs 1,165 per kg in 66 lots. Analysts said off-loading of positions by participants owing to slackened demand from consuming industries at the spot markets against sufficient stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil prices in futures trade.
Exclusive: BP back on its feet but CEO senses no respite
LONDON (Reuters) - After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
Coriander futures slide on tepid demand
Coriander prices fell 2.82 per cent to Rs 4,646 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand coupled with sufficient stocks. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, coriander prices for delivery in June declined by Rs 135, or 2.82 per cent, to Rs 4,646 per quintal, with an open interest of 32,290 lots. On similar lines, rates for far-month July were trading lower by Rs 125, or 2.58 per cent, to Rs 4,718, per quintal in 4,080 lots. Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
Wheat futures dip by 0.61% on ample stocks
Wheat prices fell by 0.61 per cent to Rs 1,786 per quintal in futures trading today as speculators cut down their positions, triggered by adequate stocks position on increased supplies at the spot market. At the National Commodity and Derivatives Exchange, wheat for delivery in June was trading lower by Rs 11, or 0.61 per cent to Rs 1,786 per quintal with an open interest of 6,710 lots. Analysts said off-loading of positions by traders on sufficient stocks position in the spot markets on increased arrivals from producing belts and low demand mainly led to decline in wheat prices.
Volumes spurt at Future Lifestyle Fashions Ltd counter
Future Lifestyle Fashions Ltd notched up volume of 191.49 lakh shares by 10:54 IST on BSE, a 776.37 fold spurt over two-week average daily volume of 24664 shares
Banks credit in personal loans too high compared to degrowth in infra sectors: ASSOCHAM
The personal loans portfolio has grown by close to 18 per cent in the fiscal ended March 31, 2018 with housing and vehicle loans claiming the lion's share, as per the RBI data .
Refined soya oil dips 0.14% on profit booking
Refined soya oil prices drifted lower by 0.14 per cent to Rs 772.65 per 10 kg in futures market today as speculators booked profits, driven by a fall in demand at the spot market. Besides, adequate stocks position on increased arrivals from growing regions, fuelled the downtrend. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June fell by Rs 1.10, or 0.14 per cent to Rs 772.65 per 10 kg with an open interest of 62,100 lots. Likewise, the oil for delivery in July was trading lower by 80 paise, or 0.10 per cent to Rs 781.55 per 10 kg in 22,880 lots. Analysts said besides profit-booking by participants, easing demand in the physical market against sufficient stocks position, weighed on refined soya oil prices at futures trade.
Zinc futures gain 0.45% as demand picks up
Zinc prices edged higher by 0.45 per cent to Rs 212.05 per kg in the futures market today as participants built up fresh positions amid uptick in demand at the spot markets. At the Multi Commodity Exchange, zinc for delivery in May edged up by 95 paise, or 0.45 per cent to Rs 212.05 per kg in business turnover of 445 lots. Likewise, the metal for delivery in June was trading higher by 80 paise, or 0.38 per cent to Rs 212.60 per kg in 13 lots. Analysts said fresh positions created by traders backed by pick up in demand from consuming industries at the physical markets led to the rise in zinc prices.
Rising demand lifts lead futures by 0.44%
Lead prices advanced by 0.44 per cent to Rs 159.35 per kg in futures trading today as speculators built up fresh positions, taking positive cues from the spot market on soaring demand from battery makers. At the Multi Commodity Exchange, lead for delivery in May edged up by 70 paise, or 0.44 per cent to Rs 159.35 per kg in business turnover of 678 lots. On similar lines, the metal for delivery in June was trading higher by a similar margin of Rs 160.20 per kg in 16 lots. Analysts said fresh positions created by traders, triggered by rising demand from battery-makers in the physical markets, mainly influenced lead prices at futures trade.
Aluminium futures slide 0.29% on weak spot cues
Aluminium prices softened by 0.29 per cent to Rs 155.50 per kg in futures trade today as speculators reduced exposure, taking negative cues from spot markets. At the Multi Commodity Exchange, aluminium for delivery in June fell by 45 paise, or 0.29 per cent to Rs 155.50 per kg in business turnover of 5 lots. Similarly, the metal for delivery in May was trading lower by 35 paise, or 0.23 per cent to Rs 154.45 per kg in 172 lots. Analysts said off-loading positions by participants and a weak trend at spot market owing to muted demand from consuming industries, mainly influenced aluminium prices.
Negative market breadth
Key benchmark indices were trading with small losses in morning trade as investors digested the Karnataka government formation. At 10:22 IST, the barometer index, the S&P BSE Sensex, was down 2.60 points or 0.01% at 34,845.70. The Nifty 50 index was down 20.35 points or 0.19% at 10,576.05.
Nickel futures fall 0.18 pc on weak overseas cues, low demand
Nickel prices drifted lower by 0.18 per cent to Rs 998.50 per kg in futures trading today as speculators trimmed their positions amid a weak trend overseas and muted demand from alloy makers at the spot market. At the Multi Commodity Exchange, nickel for delivery in June month declined by Rs 1.80, or 0.18 per cent, to Rs 998.50 per kg, with a business turnover of 7 lots. Likewise, the metal for delivery in current month contracts traded lower by Rs 1.70, or 0.17 per cent, to Rs 994 per kg in 311 lots. Analysts said apart from a weak trend in select base metals overseas, sluggish demand from alloy makers in the domestic spot market mainly weighed on nickel futures.
Crude oil futures rise 0.70% on positive global cues
Crude oil was trading higher by 0.70 per cent to Rs 4,889 per barrel in futures market today as speculators created fresh bets, taking positive cues from global markets. At Multi Commodity Exchange, crude oil for delivery in May rose by Rs 34, or 0.70 per cent, to Rs 4,889 per barrel in a business turnover of 950 lots. Oil for delivery in June rose by a similar margin to quote at Rs 4,908 per barrel with a business volume of 336 lots. Analysts said speculators built fresh positions after oil prices rose in Asia in reaction to news that China and the US had put a looming trade war "on hold". This led to rise in crude oil prices in futures trade here. Meanwhile, West Texas Intermediate gained 51 cents, or 0.72 per cent to USD 71.79 while Brent crude rose 48 cents, or 0.61 per cent to USD 78.99 per barrel.
Outcome of board meeting of AD Manum Finance
Held on 19 May 2018
Board of Maximaa Systems approves preferential allotment of shares and warrants
At meeting held on 19 May 2018
Sheela Foam floats after strong Q4 outcome
Sheela Foam gained 2.21% to Rs 1,320 at 10:12 IST on BSE after consolidated net profit jumped 92.69% to Rs 32.16 crore on 14.43% rise in total income to Rs 534.56 crore in Q4 March 2018 over Q4 March 2017.