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#BQMoney | Rupee hits fresh all-time closing low.https://t.co/jSA1X2Xyj2 pic.twitter.com/c6qWV33BRM
— BloombergQuint (@BloombergQuint) July 19, 2018
Vishwavir Ahuja, managing director and CEO at RBL Bank spoke to BloombergQuint on June quarter results.
Key highlights from the conversation:
Shares of the optical fiber maker snapped two-day gains and fell as much as 5.8 percent to Rs 296.20. The company announced its quarterly earnings for April-June period in a regulatory filing.
Key earnings highlights (Q1, YoY):
Shares of the snacks maker snapped a two-day decline and rose as much as 2.5 percent to Rs 1,224.80.
The company plans to consider a stock split in its meeting on Aug. 6, according to its stock exchange notification.
The stock declined 19.8 percent over the past year, compared to a 15.4 percent advance in Sensex, Bloomberg data showed.
The Ministry Of Road Transport & Highways, today, notified revised axle weight norms for all transport vehicles, according to its statement
Key highlights from the statement:
Shares of the private-sector lender declined for a third consecutive day and are poised for its longest losing streak in nearly two months. The stock fell as much as 2.1 percent to Rs 1,369.20. The company net profit for April-June period missed estimates.
Key earnings highlights (Q1, YoY):
Shares of Bajaj Finance fell as much as 5.3 percent, the most in over five months, to Rs 2,357.50 after the lender announced its results for the quarter ended June. The stock was the worst performer on the Nifty.
The company's net profit rose 81 percent on a yearly basis to Rs 836 crore during April-June quarter, according to its stock exchange notification.
Key earnings highlights (consolidated) (Q1, YoY):
Shares of the print media company snapped a three-day decline, its longest losing streak in nearly a month. The stock rose as much as 2.4 percent to Rs 259.70.
Key earnings highlights (Q1, YoY):
Shares of the Bengaluru-based software developer pared losses and traded a little changed at Rs 1,320 as of 11:50 a.m.
The information technology firm’s philanthropic arm entered into an agreement today with Bangalore Metro Rail Corporation to build and maintain a metro station at Konappana Agrahara in Electronics City, Bengaluru, according to its stock exchange notification.
“Infosys Foundation will maintain it for 30 years and the station is expected to operational by 2021,” the statement added.
About 10 lakh shares changed hands in a block deal on Bombay Stock Exchange, according to Bloomberg report. Buyers and sellers were not known immediately.
Key highlights from the conversation:
Key highlights from the conversation:
Shares of the Bengaluru-based software developer extended declines for the second day and fell as much as 8 percent, the most since November 2016, to Rs 1,012.05.
The company profit fell 18 percent on a sequential basis to Rs 158.2 crore, according to its stock exchange filing.
Key earnings highlights (Q1, QoQ):
Here's a lineup of all major corporate meetings today. 🤝https://t.co/8nDLxbnlJ3 pic.twitter.com/TNngsj0HHk
— BloombergQuint (@BloombergQuint) July 19, 2018
Indian bond traders will focus on RBI's Rs 10,000 of debt purchases via open-market operations.
The rupee may start trading weaker along with most Asian emerging currencies as U.S. yields climb. Implied opening from forwards suggest spot will start trading around 68.5995, Bloomberg data showed.
Yield on benchmark 10-year bonds rose 1 basis point yesterday to 7.75 percent. It fell 7.71 percent intraday, driven by the OMO bond-purchase announcement and lower oil prices.
Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty incase of rollover of these intraday positions
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