According to an official, another rail PSU — Rail Vikas Nigam Ltd (RVNL) — could be the second one to hit the market with the issue size likely to be around Rs 500 crore. The initial public offer of railways consultancy firm RITES will hit the market on June 20, with the government aiming to…
Continue ReadingThe White House said later that discussions with North Korea had moved “more quickly than expected” and Trump would leave Singapore on Tuesday night after the summit, rather than Wednesday, as scheduled earlier. U.S. President Donald Trump and North Korean leader Kim Jong Un signed a “comprehensive” document on Tuesday following a historic summit in…
Continue ReadingHere is a list of stocks that are likely to be in focus in today’s trading session: IFCI revised its benchmark rate to 10.4 percent from 10.2 percent. Infosys has announced voluntary delisting of its American depositary shares from Euronext Paris & Euronext London Manappuram Finance board meeting on June 14 to consider issuance of NCD on private…
Continue ReadingAt 9.50 am, D-Mart share price surged to a record-high of Rs1,608.50, up 1% from previous close, lending the firm a market capitalisation of Rs100,171.80 crore Mumbai: D-Mart parent Avenue Supermarts Ltd on Monday joined the elite club of companies with Rs1 trillion market capitalisation after its share price surged to a record-high of Rs1,608.50, up…
Continue ReadingHere is a list of stocks that are likely to be in focus in today’s trading session: Sagar Cements May standalone production up 15% at 1.84 lakh tonne Indian Overseas Bank raises lending rate by 5-10 bps effective June 10 Syndicate Bank raises one-year MCLR to 8.55% from 8.50% Shoppers Stop‘s chief financial officer Vijay Jain resigned w.e.f.…
Continue ReadingSun Pharma racked up its biggest rally in four months, soaring over 8 per cent, after the US Food and Drug Administration (USFDA) updated the status of the company’s Halol facility to VAI. VAI stands for ‘Voluntary Action Indicated’. This means objectionable conditions were found and documented, but the agency is not prepared to take…
Continue ReadingWeak cues from global markets and Nifty futures on the Singapore Stock Exchange (SGX) signalled a positive opening for the domestic stocks on Friday. Nifty futures on the Singapore Stock Exchange were trading 47 points, or 0.44 per cent, lower at 10,725, indicating a negative start for the Nifty50. Here is a list of stocks…
Continue ReadingForeign institutional investors (FII) have sold stocks and bonds worth over $4 billion so far this year in Indian markets, the most since the global financial crisis year of 2008. As there is no crisis-like situation in global financial markets, and the global economy is witnessing a synchronized recovery, why are foreign investors selling Indian…
Continue ReadingHere is a list of stocks that are likely to be in focus in today’s trading session: McLeod Russel to sell some tea estates of the company in Assam to Luxmi Tea Company for Rs141cr. Lemon Tree Hotels signs agreement for 104 room property in Madhya Pradesh. Essel Propack – Record date for bonus issue…
Continue ReadingThe Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) voted unanimously to hike the repo rate by 25 basis points and to keep its policy stance neutral, leaving the room open for further rate hikes. Repo rate was hiked by 25 basis points to 6.25 percent while reverse repo has been revised to…
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