Scan to Download
Shares of the housing finance company rose 5.2 percent to Rs 284, its eighth session of gains, after reporting its third quarter earnings.
The company’s net income jumped 32 percent to Rs 245 crore for quarter-ended December, compared to Rs 186 crore same period last year.
India's wholesale prices rose 3.39 percent year-on-year in December, government data showed. The data compared with a 3.50 percent annual rise forecast by economists in a Bloomberg poll.
In November, prices rose a provisional 3.15 percent.
#BQSpotted by @soumeet_sarkar | Gitanjali Gems rallies for the second day running high on volumes. https://t.co/M0DvZsZXqm pic.twitter.com/ifSdGYDUMi
— BloombergQuint (@BloombergQuint) January 16, 2017
#BQSpotted by @OnlyNickey | Jubilant Industries posts double digit gains for the second straight day.https://t.co/M0DvZthyOW pic.twitter.com/uq4MqfzcU3
— BloombergQuint (@BloombergQuint) January 16, 2017
Shares of logistics companies gained anywhere between 4 percent and 0.4 percent ahead of a crucial meeting to break the deadlock over distribution of powers between the Centre and states to administer the Goods and Services Tax (GST).
The all-powerful GST Council, headed by Arun Jaitley, will meet for the ninth time on Monday with the issue of who gets to administer GST being the single biggest issue on agenda. (For more details on the meet, click HERE)
Top Gainers
Movers & Shakers: Hindustan Petroleum, Coal India, Reliance Industries And More
Higher GRMs may boost RIL's third quarter earnings. https://t.co/X7FwrVseiB pic.twitter.com/8rx3rfU5LM
— BloombergQuint (@BloombergQuint) January 16, 2017
Good Morning!
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, fell 0.3 percent to 8,396.
Asian equities declined this morning, along with the pound on a report that the U.K. Prime Minister Theresa May will signal plans to quit the European Union’s single market to regain control of Britain’s borders and laws.
Sterling declined as much as 1.6 percent against the greenback after the Sunday Times said that May will prepare to withdraw from tariff-free trade with the region in return for the ability to curb immigration and trike commercial deals with other countries.
However, it pared some of its losses on a Times of London report that U.S. President-elect Donald Trump will offer a quick trade deal to Britain when he assumes power on January 20.
U.S. stocks ended mostly higher on Friday, after major U.S. banks kicked off the fourth-quarter earnings season with strong results, helping fuel confidence about a recent market rally.
Meanwhile, crude oil rose 0.4 percent, above $55 a barrel, while gold climbed 0.5 percent, extending last week’s surge to trade at $1,203.55 an ounce.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
