Page 738 - Business Finance
Britannia Industries Ltd soars 1.39%, Gains for third straight session
Britannia Industries Ltd is quoting at Rs 3113.8, up 1.39% on the day as on 12:54 IST on the NSE. The stock is up 27.96% in last one year as compared to a 6.93% gain in NIFTY and a 13.24% gain in the Nifty FMCG index.
Eicher Motors Ltd soars 2.56%, Gains for third straight session
Eicher Motors Ltd is quoting at Rs 22431.05, up 2.56% on the day as on 12:54 IST on the NSE. The stock is down 20.79% in last one year as compared to a 6.93% gain in NIFTY and a 20.54% gain in the Nifty Auto index.
Australia: Market drops on weak US, China data
Market commenced trading with backfoot after payroll data from the United States on Friday showed employment growth in the world's largest economy almost stalled in February, adding to signs of a cooling economy. Risk sentiment was also dampened by weak Chinese inflation and new loans data released on the weekend, adding to dismal trade figures on Friday and pointed to lacklustre demand in Australia's largest trading partner.
More than 2 crore small and marginal farmers benefits so far under PM-KISAN
Around 12.5 crore farmers across the country expected to be benefitted from scheme
Telecom stocks gain
Stocks held firm in early afternoon trade on sustained buying demand in index pivotals. At 12:28 IST, the barometer index, the S&P BSE Sensex, was up 307.08 points or 0.84% at 36,978.51. The Nifty 50 index was up 110.10 points or 1% at 11,145.50. Telecom stocks gained.
Birla Corp shares drop up to 14 pc following NGT order to stop mining at Chittorgarh
Shares of Birla Corporation slumped up to 14 per cent during intra-day trade on Monday after National Green Tribunal (NGT) ordered the firm to stop all mining activities being carried on within the municipal limits of Chittorgarh City. On BSE, the scrip after opening on a negative note further declined 14.11 per cent to Rs 485.10 during the day. Similarly, at the National Stock Exchange (NSE), shares plunged 11.52 per cent to the intra-day low of Rs 500. The company in a regulatory filing on Saturday said, "the Principal Bench of NGT on March 8, 2019 has ordered to stop all mining activities which are being carried on within the municipal limits of Chittorgarh City and within 10 km of Bassi Wildlife Sanctuary or within Eco-Sensitive Zone of Bassi Wildlife Sanctuary".
Kanani Industries Ltd leads gainers in 'B' group
Indian Card Clothing Company Ltd, Nitesh Estates Ltd, Jindal Poly Investment & Finance Company Ltd and Emmbi Industries Ltd are among the other gainers in the BSE's 'B' group today, 11 March 2019.
Nitesh Estates hits the roof after reducing debt
Nitesh Estates hit an upper circuit limit of 20% at Rs 6.86 at 11:47 IST on BSE after the company said it reduced its overall consolidated debt by 30%, or Rs 407.88 crore.
Infibeam Avenues Ltd leads gainers in 'A' group
Dilip Buildcon Ltd, IDFC Ltd, Hindustan Petroleum Corporation Ltd and Edelweiss Financial Services Ltd are among the other gainers in the BSE's 'A' group today, 11 March 2019.
Sensex crosses 37,000
Key benchmark indices extended gains and hit fresh intraday high in mid-morning trade. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 314.52 points or 0.86% at 36,985.95. The Nifty 50 index was up 111.10 points or 1.01% at 11,146.50. The Sensex was currently trading below the psychological 37,000 mark after hitting intraday high above that level in mid-morning trade.
USFDA concludes inspection of Unichem Lab's Ghaziabad facility
Drug firm Unichem Laboratories Monday said the US health regulator has concluded inspection of its Ghaziabad facility without making any observations. The US Food and Drug Administration (USFDA) conducted inspection of the company's Ghaziabad facility from March 3-8, 2019, and it has been successfully concluded without any USFDA form 483 issued, Unichem Laboratories said in a BSE filing. A form 483 is issued by the USFDA to notify a company's management of any objectionable condition at its manufacturing facility. The form is issued after completing the inspection. Shares of Unichem Laboratories Ltd were trading 2.70 per cent higher Rs 203.25 apiece on the BSE.
Oil India gains on winning 2 blocks in DSF round II bidding
Oil India rose 1.67% to Rs 176.70 at 11:09 IST on BSE after the company said it was awarded two blocks as part of the discovered small field bid round-II.
Board of Vaarad Ventures appoints Chairman cum MD and CFO
At meeting held on 11 March 2019
Volumes spurt at Prestige Estates Projects Ltd counter
Prestige Estates Projects Ltd notched up volume of 2.86 lakh shares by 10:49 IST on BSE, a 32.79 fold spurt over two-week average daily volume of 8736 shares
U.S. stocks finished lower on Friday
Dow notches its longest losing streak since June
Mentha oil futures gain 0.99% as demand picks up
Mentha oil prices were up by 0.99 per cent to Rs 1,652 per kg in futures market Monday as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market. Further, tight stocks position on fall in supplies from Chandausi in Uttar Pradesh influenced mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery in March went up by Rs 16.20, or 0.99 per cent to Rs 1,652 per kg in business turnover of 183 lots. Marketmen said widening of positions by speculators due to rising demand from consuming industries in the physical markets against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
Silver futures fall 0.22% on overseas cues
Silver prices fell 0.22 per cent to Rs 38,644 per kg in futures trade Monday as speculators cut positions amid a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 84, or 0.22 per cent, to Rs 38,644 per kg in business turnover of 842 lots. Similarly, the April contract of white metal fell by Rs 80, or 0.21 per cent to Rs 38,679 per kg in 1,265 lots. Analysts said cutting down of positions by speculators in line with a weak trend overseas led to the fall in futures. Globally, silver was quoting lower by 0.20 per cent to USD 15.38 an ounce in New York.
Zinc futures rise 0.81% on spot demand, global cues
Zinc futures Monday edged 0.81 per cent higher to Rs 193 per kg as speculators created positions, triggered by a firm trend in the domestic spot markets on industrial demand amid positive overseas cues. At the Multi Commodity Exchange, zinc for delivery in current month moved up by Rs 1.55, or 0.81 per cent, to Rs 193 per kg, with a business turnover of 1,044 lots. Marketmen said widening of bets by participants, following improved demand in the domestic spot market and positive global cues, influenced zinc prices in futures trade. Globally at the London Metal Exchange, three-month zinc traded higher at USD 2,746.50 per tonne.
Lead futures rise 0.96% as demand picks up
Amid pick up in demand from consuming industries at spot market and a firm trend in base metals overseas, lead prices rose 0.96 per cent to Rs 147.30 per kg on Monday in futures market as speculators built up fresh positions. At the Multi Commodity Exchange, lead for delivery in current month was trading higher by Rs 1.40, or 0.96 per cent, at Rs 147.30 per kg in a business turnover of 1,131 lots. Market analysts said fresh positions created by traders amid pick up in demand from battery-makers in the spot market and a firm trend in base metals in global market, supported the upside in lead prices in futures trade here.