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Buyers and sellers were not immediately known
Source: Bloomberg
The monetary policy committee will meet today to set course for the new financial year. The economy is entering the new year on a steady note, with growth rebounding and inflation remaining moderate. As such, most economists expect the MPC to maintain the benchmark rate at 6 percent and also maintain a neutral stance, which allows it to move in either direction should economic indicators turn.
Shares of fertiliser companies were trading higher for second day in a row after private weather forecasting agency Skymet predicted normal monsoon rains.
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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Delhi-based cable TV service provider rose as much as 3.95 percent to Rs 108 after it expanded its broadband internet services to 100 cities, Den Networks said in an exchange notification.
Source: Bloomberg
Shares of the Delhi-based heavy electrical equipment maker rose as much as 2.5 percent to Rs 87.25 after it commissioned 330 MW Kishanganga Hydro-Electric Project (HEP) in Jammu & Kashmir.
The project is located on the river Kishanganga, a tributary of the river Jhelum, in Bandipora district of J&K.
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Shares of the Goa-based networking products maker were locked in a 20 percent upper circuit at Rs 107.50 after it informed exchanges that its board will meet on April 7 to consider propsal to buyback its shares.
India's services activity stabilised in March after contracting in the previous month aided by improving business sentiment rose as firms raised their staffing levels at the fastest pace since June 2011.
The Nikkei India Services Purchasing Managers’ Index rose to 50.3 in March from 47.8 in February, according to a statement by research firm Markit. A reading above 50 indicates economic expansion, while a reading below it signals contraction.
Shares of the Pune-based light commercial vehicles maker rose as much as 5.8 percent, most in two weeks, to Rs 2,950.
Force Motors sold 4,364 units domestically, up 54 percent from the previous month and exported 154 units as compared with February’s 120 units.
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Shares of the Mumbai-based telecom service provider rose as much as 2.5 percent to Rs 653.80 after the Cabinet cleared transfer of administrative control of Hemisphere Properties India Ltd. from the telecom ministry to the housing and urban development ministry after equity infusion of Rs 700 crore and Rs 51 crore secured loan into the company.
As a special purpose vehicle, HPIL is managing the transfer of surplus land from Tata Communications, formerly VSNL, to the government. The decision brings about one-and-half decade old case in its final lap.
The transfer will be executed after infusion of equity amounting to Rs 700 crore, and Rs 51 crore secured loan from government into the company and implementation of scheme of arrangement for demerger of surplus land, it said.
Shares of the Mumbai-based drug maker rose as much as 5 percent to Rs 229.50 after Japanese drug regulator granted accreditation to its active pharmaceutical ingredient (API) plant at Patalganga until May 2023.
Buyers and sellers were not immediately known
Source: Bloomberg
Here's a quick look at corporate insider trades reported on April 4.https://t.co/EFBMkE1G3B pic.twitter.com/0lrZkdvLeJ
— BloombergQuint (@BloombergQuint) April 5, 2018
Indian bonds are likely to trade steady after posting gains for a second straight day on Wednesday. The focus is on the RBI's monetary policy meeting today. The MPC is widely expected to keep rates unchanged, but traders will focus on the central bank's outlook on inflation.
Inflation has been ticking lower, but the RBI expects it to inch up in coming months amid rising fuel and vegetable prices. Traders will also watch out for whether the central bank allows foreigners to up their investments in government bonds, a move which is likely to fuel a further rally in the market.
The benchmark 10-year bond yield fell four basis points to 7.29 percent on Tuesday, and it fell 29 basis points since March 27 when the government announced a smaller and than expected borrowing program.
Meanwhile, the rupee is expected to open at 65 per dollar having closed higher at 65.14 on Wednesday.
Supreme Court allows Vedanta, others to transport royalty-paid iron ore.https://t.co/pQw9McjGjf pic.twitter.com/jSIbp4e3ZH
— BloombergQuint (@BloombergQuint) April 4, 2018
How does the trade spat between China and the U.S. impact India? Here's a quick take from Raj Bhala, Ajay Dua and Jayant Dasgupta.https://t.co/owTclYBX5C pic.twitter.com/exLBUhyCz4
— BloombergQuint (@BloombergQuint) April 4, 2018
RBI’s ban on LoUs and LoCs will leave small and medium-sized importers with a cash crunch.https://t.co/4PJHuBbeSH pic.twitter.com/T8XsNQGKFw
— BloombergQuint (@BloombergQuint) April 4, 2018
Mishra Dhatu Nigam
Companies owned by billionaires Mukesh Ambani and Sunil Bharti Mittal may raise as much as Rs 36,500 crore.https://t.co/6l89w7Oi0o pic.twitter.com/8e4ueZ1C7x
— BloombergQuint (@BloombergQuint) April 4, 2018
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