Scan to Download
Shares of JSW Steel fell 1.3 percent to Rs 308.15 while that of Monnet Ispat and Energy rose 1 percent.
JSW Steel informed exchanges that it along with AION Investments has been identified as a successful bidder for Monnet Ispat and Energy.
Shares of the Hyderabad-based cigarette maker rose 1.85 percent to Rs 3,136 after it reported March quarter earnings.
Key earning highlights:
Click here for more stock market data
The recent governance issues in India's banking sector involving ICICI Bank and Axis Bank reiterate the need to improve risk management and maintain strong governance practices, S&P Global Ratings said today.
"As a number of banks in India confront serious governance and risk issues, the 'tone at the top' is crucial. Leadership groups in Indian banks need to ensure that they enhance the risk culture, reputation, and financial strength of banks," S&P Global Ratings credit analyst Michael Puli said.
Source: Press Trust of India
Click here to see the complete options chain
Shares of the Mumbai-based non-residential construction company fell as much as 6.5 percent to Rs 96.25 after it informed exchanges that NCLT has accepted petition filed by operational creditors against the company.
The NCLT has appointed an Interim Resolution Professional (IRP) to conduct the insolvency process, Petron Engineering said in an exchange notification.
Shares of the Delhi-based hospital chain operator rose as much as 4 percent to Rs 153.90 after Bloomberg citing sources reported that IHH is proposing a potential offer for Fortis Healthcare that could value it at as much as $1.3 billion, which would top the bid from a TPG-backed consortium.
Shares of the Mumbai-based construction company rose as much as 1.15 percent to Rs 339.50.
The company has won a contract worth Rs 163 crore from Sea View Developers for civil and structure work package for construction tower 11 and multi-level car park.
Shares of the government-owned lender extended decline to second day and fell as much as 3.2 percent to Rs 69.80.
The Reserve Bank of India slapped a penalty of Rs 3 crore on the bank for non-compliance of bad loan norms, according to a notification to the exchanges.
Shares of the direct-to-home cable TV service provider rose nearly 3 percent to Rs 76.10 after 9.15 crore or 5 percent equity changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Click here for more stock market data
Buyers and sellers were not immediately known
Source: Bloomberg
Market players will be watching out for inflation and industrial production data today which due at about 5:30 pm. Retail inflation is seen at 4.10 percent in March versus 4.44 percent in February, while February factory output data is expected at 6.8 percent versus 7.5 percent in January, according to a Bloomberg survey.
Later in the day Reserve Bank of India will hold underwriting auctions for Rs 12,000 crore of government bonds that will be sold tomorrow. Yield on 10-year debt climbed 16 basis points in yesterday's session, taking the four-day advance to 41 basis points and erasing most of the gains bonds posted in five days to April 5.
The rupee is seen declining in line with Asian currencies amid a slightly hawkish tilt by the Federal Reserve and speculation the U.S. is poised to strike Syria. Implied opening from forwards suggests onshore spot will start trading around 65.2634 today.
Here’s how foreign and local funds played the market on Wednesday.https://t.co/YRSDuwGpr7 pic.twitter.com/FwpDioOokW
— BloombergQuint (@BloombergQuint) April 12, 2018
Goldman Sachs on Oil Marketing Companies
JPMorgan on Cement
Morgan Stanley on Cadila
Nirmal Bang on Uflex
Credit Suisse on Alkem Labs
Credit Suisse on Alkem Labs
Kwality
Mahanagar Gas
Praxis Home Retail
Shalimar Paints
India must break its oil habit, writes @davidfickling. https://t.co/tbYiQMCmgC pic.twitter.com/QGMurTorsU
— BloombergQuint (@BloombergQuint) April 12, 2018
Crude hits 3-year high as global tensions rock oil markets.https://t.co/nJNiWUdWMT pic.twitter.com/K8zUdNkxcX
— BloombergQuint (@BloombergQuint) April 11, 2018
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
