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Nifty may head towards 9,260 next, says Gaurav Ratnaparkhi of @Sharekhan.https://t.co/UBBbjjoeDU pic.twitter.com/xb5BfiI5BW
— BloombergQuint (@BloombergQuint) June 27, 2017
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The euro-dollar jumped after European Central Bank President Mario Draghi said factors damping inflation are temporary and policy makers need to stay prudent in adjusting its stimulus mix.
RBI’s new provisioning norms will hurt bank earnings, push up credit costs, say brokerages. https://t.co/V5n6iLIdAP pic.twitter.com/HWuizSMh5H
— BloombergQuint (@BloombergQuint) June 27, 2017
IOC makes it to Morgan Stanley’s ‘three in three’ list this week, reports @darshanvmehta1.https://t.co/4vTGgcsutv pic.twitter.com/PR2pb0lnPD
— BloombergQuint (@BloombergQuint) June 27, 2017
Shares of the disposable healthcare manufacturer snapped its 3-day losing streak and gained as much as 16.48 percent, the most in three months, after the company won a patent battle against German company B. Braun Melsungen on IV catheters, According to a Hindu BusinessLine report.
The media company reported that B. Braun had claimed that the intravenous catheters sold by Poly Medicure were protected by patents.
The stock is gaining with volumes at 29.4 times its 30-day average. The stock had returned 18 percent so far this year and gained 19 percent in the past 52-weeks.
Why Indiabulls group companies are headed higher, reports @YatinMota.https://t.co/HyGyUB6ZW9 pic.twitter.com/0VVpps2F5H
— BloombergQuint (@BloombergQuint) June 27, 2017
Shares of NMDC Ltd. fell as much as 3.4 percent, the most in nearly four months to Rs 103.40 after brokerage firm Citi downgraded the stock to 'Sell' from 'Neutral.'
The firm also reduced its price target on the stock to Rs 99 from Rs 125. Bearish global view, price competition, lower exports and inadequate steel protection may prompt the company to cut prices by as much as 20 percent, the report said.
Though support is anticipated through the dividend yield, it would require the company to dip into its cash reserves, the report added.
The Indian government seems to be losing more tax cases in recent years.https://t.co/RxlszPXPnw pic.twitter.com/25fcidfkne
— BloombergQuint (@BloombergQuint) June 27, 2017
#BQStocks | Videocon Industries snaps 25-day losing streak after block deals.https://t.co/UBBbjjoeDU pic.twitter.com/kqyY046F4J
— BloombergQuint (@BloombergQuint) June 27, 2017
Tejas Networks lists at issue price of Rs 257.https://t.co/hbn3JImsRk pic.twitter.com/BHe5EPLREc
— BloombergQuint (@BloombergQuint) June 27, 2017
Source: Bloomberg
How Amtek Auto landed under a debt pile...@YatinMota reportshttps://t.co/eG2DPA0Ddm pic.twitter.com/UZ89e4BPRo
— BloombergQuint (@BloombergQuint) June 27, 2017
The construction arm of infrastructure major Larsen and Toubro Ltd. won orders worth Rs 2,552 crore across various segments.
The transportation, infrastructure and water effluent treatment business has jointly bagged an EPC order worth Rs 1,223 crore from Aurangabad Industrial Township Ltd.
This is the second order received in this category by the company after the Dholera SIR Infrastructure Project in Gujarat.
The water and Effluent Treatment Business also won an EPC order worth Rs 1,329 crore from the Mumbai Metropolitan Region Development Authority (MMRDA)
Shares were trading higher by 0.2 percent at Rs 1,726.
Shares of the United Spirits Ltd. subsidiary hit an upper circuit limit of 5 percent to Rs 205.25 after it received a subsidy worth Rs 118 crore from the Government of Maharashtra. The subsidy was received under Mega Subsidy Phase - II.
#BQMoney | Expect rupee to trade with negative bias, says Veracity’s Pramit Brahmbhatt.https://t.co/UBBbjjoeDU pic.twitter.com/aYBorklRKG
— BloombergQuint (@BloombergQuint) June 27, 2017
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Good Morning!
The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,627.
A weaker yen spurred gains in Japanese stocks while equities elsewhere in Asia were mixed ahead of an appearance by Federal Reserve Chair Janet Yellen. Oil held gains while gold slipped.
Brazil’s Michel Temer was charged with corruption by the chief prosecutor on Monday evening, in a highly anticipated development that may put the embattled president of Latin America’s largest economy on trial. Temer, who has denied the charges, could lose his job if indicted and found guilty. Read more here on how that may play out.
West Texas Intermediate crude was little changed at $43.38 a barrel, after a three-day rally following oil’s drop into a bear market.
Gold fell 0.2 percent to $1,242.54 an ounce, it sank by almost 1 percent the following day. The yield on 10-year Treasuries stood at 2.14 percent, after dropping one basis point.
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