Scan to Download
Amulya Leasing & Finance was locked in upper circuit of 5 percent at Rs 624 after its promoter Sameer Gupta sold his entire 35.19 percent stake in the company through an open market transaction.
The Indian government breached its fiscal deficit target for the current year in the April-November period, showed data released by the Controller General of Accounts on Friday.
Fiscal deficit, or the gap between the government's earnings and spending, reached Rs 6.12 lakh crore. That’s 112 percent of budgeted gap for 2017-18. In the same period last year, the government had exhausted 85.8 percent of the fiscal deficit target.
Motilal Oswal
Morgan Stanley
Jefferies
Shares of Dredging Corporation rose as much as 12 percent to Rs 887 after Kedia Securities run by well-known investor Vijay Kedia bought 1.75 lakh shares (0.6 percent equity) at Rs 790.92 per share.
Shares of the Mumbai-based chemical maker rose as much as 8.5 percent to Rs 1,159.90 after the company signed 20-year exclusive contract worth Rs 10,000 crore with SABIC Innovative Plastics U.S. for supply of high value speciality chemical intermediate, Aarti Industries said in a press release.
#JustIn | Indian Government cautions people against Virtual Currencies (VCs); says VCs are like ponzi schemes.https://t.co/Qx5BabUypy pic.twitter.com/cbIPYZuNLi
— BloombergQuint (@BloombergQuint) December 29, 2017
The rupee gained 10 paise against the US dollar to trade at 63.98 in early session on selling of the US currency by exporters and banks.
The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said.
Domestic stock markets opening higher too bolstered the rupee sentiment.
The rupee opened higher by 3 paise at 64.05 a dollar against previous close of 64.08 a dollar. It moved in range of 64.06 a dollar to 63.95 a dollar in early trade before quoting at 63.98 at 0945 hrs.
Shares of Astron Paper & Board Mill made a strong debut on stock exchanges. The stock rose as much as 139 percent to Rs 119.70 against its issue price of Rs 50.
The Rs 70 crore Astron Paper's IPO saw huge demand for its shares as it was subscribed 243 times.
Reliance Communications' stock rises 150%. #BQStockshttps://t.co/Qx5BabUypy pic.twitter.com/7CX0XLBv3Q
— BloombergQuint (@BloombergQuint) December 29, 2017
Sovereign bonds are heading for their worst year since 2009 as the government raised its borrowing target for the fiscal year, with banking liquidity set to tighten and accomodative monetary policy potentially nearing an end.
The yield on the benchmark 10-year bond rose 18 basis points to 7.4 percent yesterday. It has climbed 88 basis points this year, snapping three years of declines. Later in the day, India will detail the fiscal deficit data for April-Nov. period.
The rupee on the other hand is headed for its first gain in seven years. Implied opening from forwards suggests onshore dollar-rupee will start trading around 64.07.
Here’s how foreign and local funds played the market on Thursday.https://t.co/8OlQfxRRwz pic.twitter.com/PRgjxBIKxU
— BloombergQuint (@BloombergQuint) December 29, 2017
Reliance Infrastructure
Dredging Corp
Nandan Denim
Uttam Galva Steel
PG Electroplast
Amulya Leasing & Finance
Mukesh Ambani bails out younger brother Anil. https://t.co/2GTggYDXfp pic.twitter.com/M5G9AeOhKg
— BloombergQuint (@BloombergQuint) December 29, 2017
Copper's winning rally is the longest in a generation.https://t.co/7ETrJhYkbp pic.twitter.com/hx1n3R5UIH
— BloombergQuint (@BloombergQuint) December 29, 2017
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
.png)
.png)
