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Buyers and sellers were not immediately known
Source: Bloomberg
Brokerages are urging market regulator to modify a plan to extend equity derivatives trading hours due to concerns over their readiness and the costs of implementing the proposal, according to people with knowledge of the matter.
Local and foreign brokers have asked the Securities & Exchange Board of India to postpone until January its plan to introduce longer trading hours, citing the need for more testing, the people said.
They also discussed extending trading till 5 p.m., a shorter day than the 11:55 p.m. close that SEBI had said it would allow, the people said, asking not to be identified because the discussions are private.
Source: Bloomberg
Shares of the oil marketing companies rose after Brent crude fell 1.96 percent to $78.18 per dollar in yesterday's session.
Shares of the Delhi-based dairy products maker erased gains and fell as much as 4.22 percent to Rs 20.45 after its profit slumped in June quarter.
Key earnings highlights:
Shares of the Mumbai-based construction company rose as much as 2.4 percent to Rs 14.75 after it filed draft offer letter for rights issue with SEBI and stock exchanges.
India's inflation, measured by the Wholesale Price Index, eased to 4.53 percent in August from 5.09 percent in July, rising slower than the Bloomberg consensus estimate of 4.62 percent.
Safeguard duty to be assessed and collected in accordance with notification issued on July 30, finance ministry says on its website.
Directorate General of Trade Remedies issued a recommendation on July 16 to impose a 25 percent safeguard duty on solar cells from China and Malaysia; implementation was delayed due to court challenges.
Source: Bloomberg
Shares of the Bengaluru-based software developer rose as much as 1.55 percent to Rs 1,354.80 after it extended alliance with Bharti Airtel for building application software for hybrid set-top box, Tata Elxsi said in a press release.
Shares of the Anil Agarwal-led mining conglomerate rose as much as 4.4 percent, the most in nearly a month, to Rs 233.40.
Vedanta informed management committee, ministry of petroleum and natural gas and Directorate General of Hydrocarbons of a hydrocarbon Discovery in well A3-2 within its operated block KG-OSN-2009/3 within Krishna-Godavari Basin.
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Shares of the Shriram group consumer finance company fell as much as 2.5 percent to Rs 1,877.70 after its holding company SVL Ltd was admitted into the bankruptcy process by the NCLT, Chennai on Sept. 10.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of dairy product makers rose after yoga guru Baba Ramdev's Patanjali Ayurved announced its foray into the dairy segment by launching milk and milk products, including curd and cheese, targeting sales worth Rs 1,000 crore from the segment.
Shares of the Mumbai-based state-run fertiliser maker rose as much as 17.6 percent, the most in over three years, to Rs 79.85 after Cabinet approved transfer of land of Rashtriya Chemicals & Fertilizers to Mumbai Metropolitan Regional Development Authority and Municipal Corporation of Greater Mumbai.
Shares of the country's largest drugmaker and its research arm rose as much as 3.2 percent and 7.8 percent each respectively after the U.S. drug regulator approved new drug application for Xelpros.
The drug is used for the reduction of elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension, Sun Pharma said in a press release.
Xelpros TM will be commercialized in the U.S. by Sun Ophthalmics and will be manufactured at its Halol facility in Gujarat, the release added.
Indian government bonds may gain as markets resume trading after a holiday, given that a report late on Wednesday showed inflation eased below 4 percent for the first time in 10 months.
Investors are awaiting further details on possible steps by authorities to stem the currency’s drop. The yield on the 10-year bond dropped 5 basis points on Wednesday ahead of the report's release and ended at 8.13 percent. Still the yield is up 10 basis points on the week.
Consumer prices rose 3.69 percent in August from a year earlier, versus 4.17 percent in July and broadly in line with estimates. Most economists expect the RBI to see through this report given the recent slump in the currency and higher oil prices both of which are likely to stoke inflation in coming months.
Meanwhile, the rupee is likely to start firmer given expectations of measures from authorities to halt its slide.
Wednesday proved to be such an unusually good day and further recovery looks in store, based on technical patterns. The rupee ended at 72.1825 per dollar on Wednesday, having hit a record low of 72.9125 in intraday trade. Implied opening from forwards suggests spot may start trading at around 71.73.
Deutsche Bank on JSW Steel
Credit Suisse on Shriram Transport
Deutsche Bank on Power Finance Corp
Citi on Cement Industry
Macquarie on United Spirits
Citi on HDFC Standard Life
Goldman Sachs
Deutsche Bank
Nomura
Edelweiss
(As reported on Sept. 12)
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