RBI leaves repo, reverse repo rates unchanged.https://t.co/IscSQqBWzJ pic.twitter.com/bZV9intsYy
— BloombergQuint (@BloombergQuint) June 7, 2017
#BQSpotted by @iYashUpadhyaya | Simplex Infrastructure hits over 7-year high.https://t.co/2VNpfoQhQz pic.twitter.com/7DxK83pAQ6
— BloombergQuint (@BloombergQuint) June 7, 2017
- S&P BSE Information Technology Index down 3.2%, the most since November 9, 2016
- Index snaps four sessions of gains
- Hexaware Technologies (-5.7%)
- Wipro (-3.5%)
- Tata Consultancy Services (-3.3%)
- Tech Mahindra (-2.7%)
#ChartOfTheDay | Billionaire Ambani brothers see fortunes split since feudhttps://t.co/OLAtwP7Wzh pic.twitter.com/Q4lK8OCPS8
— BloombergQuint (@BloombergQuint) June 6, 2017
- Shares rose as much as 8.1% to Rs 266, the most since October 5, 2015
- Unichem Labs' Gaziabad unit gets establishment inspection report from the U.S. FDA
- Analyst consensus price target is 35% above current price: Bloomberg data
- Gujarat Pipavav: 39 lakh shares change hands in two blocks
- Reliance Communications: 10 lakh shares change hands in a block
- Cyient: 16 lakh shares change hands in a block
* Buyers & sellers were not immediately known
- Indian rupee fell 8 paise to 64.51 against the U.S. dollar, extending drop to a second session
- The partially convertible rupee fell 7 paise against the American currency to end at 64.43 on Tuesday
- In the bonds market, yield on the newly-issued 6.79% bonds due May 2027 steady at 6.64%; it has dropped 11 basis points over the past three weeks
- Shares of the pharma supplier rose as much as 8.5% to Rs 113, the most since May 25
- Vivimed Labs said no observations received from the U.S. FDA following an inspection of its API plant in Spain
- Volume at 7.5 times its 30-day average
Given the heavy debt load and the uncertainty regarding the cash flow-generating capabilities of the residual businesses post demerger and asset sales, Moody’s believes the capital structure of the remaining business will remain weak.Moody’s Investors Services Statement
#BQWatchList | From RBI Monetary Policy to key bulk deals, @AgamVakil gets you the 5 things to watch today.https://t.co/Tbs24yZJZu pic.twitter.com/8NuDfuhgpi
— BloombergQuint (@BloombergQuint) June 7, 2017
- 2:30 pm: 2nd bi-monthly monetary policy statement for 2017-18
- 2:45 pm: RBI Governor Urjit Patel & deputy governors to hold a press conference
- 5 pm: RBI Governor & deputy governors to hold teleconference with analysts
#BQMoney | Currency traders expect a status quo from the RBI, reports @DivyaDugarPatil.
— BloombergQuint (@BloombergQuint) June 7, 2017
https://t.co/Tbs24zhlo4 pic.twitter.com/8iSFlGZtFg
- Adani Power: Approves sale of Mundra power business to subsidiary.
- Reliance Communications: Fitch, Moody’s downgraded telecom operator again.
- Sical Logistics: Wins order from Mahanadi coal fields.
- Vivimed Labs: U.S. FDA inspection in Spain plant results in no observation for Vivimed Labs.
- Aegis Logistics: Sells stake in step-down subsidiary.
For a complete list of stocks, click HERE
- Bajaj Finance: Raised to buy at Goldman
- Bajaj Finserv: Raised to neutral at Goldman
- Bank of Baroda: Raised to neutral at Goldman
- HDFC: Raised to neutral at Goldman
- IIFL Holdings: Rated new outperform at Credit Suisse
- Jet Airways: Raised to buy at ICICIdirect, price target Rs 580
- Wipro: Cut to underperform vs hold at Jefferies
- LIC Housing: Cut to sell at Goldman
- Reliance Communications: Cut to RD from CCC by Fitch; cut to Ca by Moody’s, outlook negative
Oil trades near $47 amid talks to resolve Gulf diplomatic clash, reports @jessicaisummers.https://t.co/eKHhnbEzaW pic.twitter.com/zkiI9TSwjQ
— BloombergQuint (@BloombergQuint) June 6, 2017
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