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#BQSpotted by @OnlyNickey | Technocraft Industries gains more than 14% in 4 days. pic.twitter.com/fMKElavGuH
— BloombergQuint (@BloombergQuint) March 31, 2017
The rupee is set for the best first quarter performance since 1975, reports @kartikgohttps://t.co/QaGclnDkqg pic.twitter.com/Iyp5dpvVSo
— BloombergQuint (@BloombergQuint) March 31, 2017
Shares of ball bearings maker rose as much as 15.6 percent to a record high of Rs 1,621. Its board approved buyback of equity shares worth up to Rs 390 crore at the price of Rs 1,500 each, the company said in a regulatory filing.
Trading volume for stock stood at 3.5 times its 30-day average volume, according to Bloomberg data.
#BQSpotted by @OnlyNickey | Jayant Agro-Organics rises on high volumes. pic.twitter.com/zEPoGM7cRB
— BloombergQuint (@BloombergQuint) March 31, 2017
Shares of the education service provider made its stock debut 20.7 percent below its issue at Rs 398 on the BSE. The company listed at Rs 402, a 19.9 percent discount to its issue price on the National Stock Exchange.
CL Educate's Rs 239-crore initial public offering was subscribed nearly two times, with the highest demand coming from non-institutional investors. It had raised nearly Rs 72 crore by allocating shares to anchor investors.
Shares of Jindal Steel and Power gained as much as 3.4 percent after its board approved issuing of convertible warrants and shares, which could fetch company around Rs 590 crore.
Trading volume was 1.6 times the 20-day average for this time of day. The stock is 12 percent below the Bloomberg consensus one-year target price. It has gained 77.4 percent so far this year, compared to a gain of 16.8 percent on the S&P BSE Metal Index.
Shares of fertiliser companies rallied anywhere between 0.9 percent and 7 percent.
Buyers and sellers were not immediately known.
It has been a satisfying quarter for the Indian rupee. And If we compare with other regional peers, rupee was the fourth biggest gainer against the dollar. South Korean won led the charts followed by the Taiwanese dollar and the Aussie.
Now, if we look at April to June quarter. The first clear direction to bonds and currency will be provided by the RBI in its policy on April 6. The market is expecting the central bank will keep the rates unchanged.
Rupee may open weaker against the dollar, tracking other Asian peers. Today is also the last day of financial year, which means banks will not want to part with money. So the overnight rates will also be watched.
Bond yields fell to a seven-week low as foreign inflows continue unabated. Inflows into rupee-denominated government and corporate bonds crossed $4 billion in March, that's the most since mid-2011.
For a complete list of stocks to watch, click HERE
New income tax return form to seek details on cash deposits made during demonetisation.https://t.co/OJnhnxvlk3 pic.twitter.com/E7h8dpKuNm
— BloombergQuint (@BloombergQuint) March 30, 2017
Wall Street's WhatsApp secret: illegal texting is out of control, reports @LauraJKeller.https://t.co/JnsdRvbb9B pic.twitter.com/ViwlEUer2s
— BloombergQuint (@BloombergQuint) March 31, 2017
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