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Shares of the Mumbai-based real estate developer rose as much as 5 percent to Rs 60.25 after Andhra Bank withdrew its petition against HDIL in NCLT after the company made part payment of dues to the bank, HDIL said in a stock exchange notification.
Shares of the Goa-based agricultural chemical maker rose as much as 7.6 percent, the most since Oct. 30, to Rs 576 after company informed stock exchanges that its board will meet on Nov. 21 to consider raising funds vis issue of equity shares through public issue or right issue or through private placement including qualified institutional placement.
Shares of the Mysore-based auto component maker rose as much as 12.7 percent to record high of Rs 1,195.
Speaking to BloombergQuint N Muthukumar, president and whole-time director at the company said First two quarters were down due to BS conversion and next two quarters look extremely robust. He added that investment in new product lines will help penetrate better into newer markets going ahead.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Delhi-based steel producer rose as much as 3.7 percent, the most since Oct. 30, to Rs 356.05 after it won an order worth Rs 89.77 crore for designing, manufacturing and supplying LED street lights under street light National Program for Bikaner in Rajasthan and Telangana, the company said in an exchange notification.
Bhanu Baweja Of UBS To BloombergQuint
Shares of most of the Reliance Group companies promoted by Anil Dhirubhai Ambani extended selloff as group Reliance Communications' failed to pay a coupon on its 2020 dollar notes before the expiry of a grace period on Monday, according to a person familiar with the matter.
Reliance Group companies are highly over leveraged and there is not much visibility of how they plan to reduce debt, market expert Mehraboon Irani told BloombergQuint.
5Paisa Capital, the demerged company from the IIFL Group, opened for trading at Rs 400 and fell to Rs 380.
On BSE, the stock opened at Rs 650 and fell 5 percent to Rs 617.50.
#BQStocks | 5Paisa Capital pre-open discovery price at Rs 650 per share on BSE.https://t.co/oKcVK8t4X7 pic.twitter.com/oOuWypRGZd
— BloombergQuint (@BloombergQuint) November 16, 2017
Shares of the Pune-based wind turbine company fell as much as 6.23 percent to Rs 12.80, its lowest level in a year after it suspended operations at Padubhidri rotor blade manufacturing unit after some workers caused hindrance in the smooth operations of the plant, Suzlon said in an exchange notification.
The rupee came under pressure against the dollar today slipping 11 paise to 65.32 after upbeat economic data bolstered prospects of a US interest rate increase next month and beyond.
A higher interest regime pulls investors looking for more returns away from emerging markets assets that are considered risky.
The American unit strengthened overseas, too.
Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas put pressure on the rupee.
Yesterday, the rupee had rebounded 21 paise to close at 65.21 against the US currency, ending its two-day slide on fresh bouts of dollar selling even as trade deficit widened alarmingly to a three-year high.
Meanwhile, the benchmark BSE Sensex went up 163.80 points, or 0.49 per cent, to 32,924.24 in early session today.
Source: PTI
Yield on the Indian benchmark bond dropped 3 basis points yesterday as buyers saw value in picking up bonds at these levels. A decline in oil prices also helped. However, the word on the street is still caution as fundamental risks of higher inflation, fiscal slippage and no rate cuts will continue to weigh on the sentiment. Not to forget the heavy supply of bonds. The 10-year bond yields are biased to stay above 7 percent in the short term.
In the currency market, the rupee is likely to open higher as a selloff in Asian stocks ends. The South Korean won is up 0.6 percent against the dollar and rupee may see too riding on a positive wave. A range of 65-65.30 a dollar is expected in the session.
How Indian ADRs fared overnight.https://t.co/6TWBVpS3GU pic.twitter.com/eiPV6HYGFN
— BloombergQuint (@BloombergQuint) November 16, 2017
Wonder La (Q2, YoY)
CARE Ratings (Q2, YoY)
New India Assurance (Q2, YoY)
TD Power Systems (Q2, YoY)
This Fairfax and IIFL-backed online trading firm lists tomorrow.@dhanuka_saloni reportshttps://t.co/oKcVK8t4X7 pic.twitter.com/p1jHB4VW7I
— BloombergQuint (@BloombergQuint) November 15, 2017
Vadilal Industries
Indo Count Industries
Control Print
CMM Infra Projects
CLSA on Jubilant Foodworks
Macquarie on Ceat
All is well at Infosys under @NandanNilekani, says Narayana Murthy.https://t.co/eXDC8TOCd2 pic.twitter.com/Y2Uriis3Ow
— BloombergQuint (@BloombergQuint) November 15, 2017
PM @narendramodi remained popular even after #demonitisation, says poll.https://t.co/e13XuAROz1 pic.twitter.com/0VKn0XP3ry
— BloombergQuint (@BloombergQuint) November 16, 2017
OPEC nears meeting without clear plan on how to extend cuts.https://t.co/IPF011ZGbj pic.twitter.com/qt6Gq1970v
— BloombergQuint (@BloombergQuint) November 15, 2017
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.jpg?downsize=1080:540 "Sensex, Nifty Post Biggest Single-Day Gains In Over Two Weeks")
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