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Saregama India Jumps On Heavy Volumes
Mumbai-based construction company had filed draft papers with Sebi in April and in June obtained its 'observations', necessary for launching an IPO, Capacit'e said in a statement.
Funds raised through the issue will be utilised for working capital requirements, purchase of capital assets and for general corporate purposes. The company had an order book of over Rs 4,000 crore as on January 31, 2017 comprising 51 ongoing projects.
PTI
#BQSpotted by @iYashUpadhyaya | Dhunseri Investments gains for a second day.https://t.co/QbcanLFglt pic.twitter.com/gnVdJE1Lta
— BloombergQuint (@BloombergQuint) June 13, 2017
Shares of the media company rose as much as 14.4 percent, the most since April 05, to Rs 155. Trading volume was 16.6 times its 20-day average for this time of the day.
The stock returned 80 percent so far this year and a gain of 39 percent in the past 52-weeks. The Relative Strength Index (RSI) is 76, indicating that the stock may be overbought.
Shares of the sugar producers advanced anywhere between 7 percent and 0.7 percent, making of them first time in over a week.
Reliance Communications said to approach Citic on GCX sale.https://t.co/h0fCZV8C9W pic.twitter.com/dEVhAWLzWr
— BloombergQuint (@BloombergQuint) June 13, 2017
.@Infosys raises red flags on visas across geographies, reports @sajeetkm.https://t.co/hW3d9C1eUk pic.twitter.com/czEBIrXtFI
— BloombergQuint (@BloombergQuint) June 13, 2017
Shares of the auto part maker rose as much as 17.1 percent, the most since January 25 of this year, on heavy volumes. Today’s rise marks the end of the scrip’s six-day losing streak.
Trading volume was 21 times its 20-day average.
The rupee extended its losses against the U.S. dollar to day three while bonds yields fell after official data late Monday showed consumer price inflation slipped to a new record low in May.
Strength in the dollar against other currencies overseas made the rupee keep a low profile. Traders attributed the rupee's fall to increased demand for the U.S. currency from importers and banks and a lower opening in the domestic equity market.
Yesterday, the rupee was down 20 paise to end at a one- week low of 64.44 amid concerns about a probable Fed rate increase.
(With inputs from PTI)
Shares of the country’s largest pharma firm rose 2.9 percent after it received final regulatory approval for its anti-cholesterol drug. As per IMS, Ezetimibe tablets had annual sales of approximately $2.7 billion in the U.S. for the 12 months ended April 2017.
#BQMarketsNow | Lighten up long positions, says Angel Broking’s Jay Purohit.https://t.co/hOjJ4LnuXY pic.twitter.com/2zrKLmM3Ku
— BloombergQuint (@BloombergQuint) June 13, 2017
For a complete list of stocks to watch, click here
#BQWatchList | From macro numbers to Anil Ambani Group's cleanup drive, @AgamVakil gets you 5 things to watch today.https://t.co/hOjJ4LnuXY pic.twitter.com/FE6NaxIcaQ
— BloombergQuint (@BloombergQuint) June 13, 2017
Punjab could soon join the farm loan waiver bandwagon.https://t.co/lVSgS3X2Tm pic.twitter.com/wwMQRxSh3D
— BloombergQuint (@BloombergQuint) June 13, 2017
Good Morning!
Asian shares were mixed in early trade, as the selloff in technology showed signs of easing. The British pound was steady as U.K. Prime Minister Theresa May fought to survive the fallout from the British general election.
Crude oil traded above $46 a barrel following its first two-day gain in three weeks.
The Nasdaq 100 Index capped its biggest two-day decline since September on Monday, though losses for the S&P 500 index were more muted.
The sudden slide in tech stocks, whose gains had helped send global equities to repeated record levels this year, blindsided many investors after markets largely brushed aside last week’s trio of high-risk events.
Investors may get more drama from Washington as Attorney General Jeff Sessions will testify publicly Tuesday before the Senate Intelligence Committee on his role in the firing of FBI Director James Comey and his contacts that he and his associates of President Trump had with the Russians officials.
Meanwhile, the U.S. Federal Reserve is set to hike interest rates this week, the second time this year, leading a pack of central banks that are moving in the direction of removing ultra-accommodative policy.
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