With investors feeling charged up for more data releases and optimistic about the movement of the markets, the European stock markets opened on a higher note during the early hours of trade on Friday.
A manufacturer of rail coaches, spare parts and mining equipment, BEML’s stock gained 4.56% at Rs 1,842.65 per share on the BSE during Friday’s intra-day trade after Merrill Lynch Markets Singapore bought its shares on Thursday.
The S&P BSE Realty index was trading in the green during Friday’s trading session. It was trading higher by 2.58% at the 2,192 level on the BSE at 1207 hours.
As per data released by the company, Escorts’ Agri-Machinery Segment (EAM) sold 4,587 tractors in August 2017, registering a growth of 23%, as against 3,722 tractors in August 2016.
Donepezil Hydrochloride Tablet, in the strength of 23 mg, used to treat dementia related to Alzheimer’s, will be marketed by Zydus Cadila in the wake of receiving the final approval from the USFDA.
CCL Products, engaged in the manufacturing of instant coffee, has received an approval from the Development Commissioner of Visakhapatnam Special Economic Zone for setting up of freeze dried instant coffee manufacturing unit in Andhra Pradesh.
In the wake of the company announcing the proposed sale of its entire 71% stake in Bhilai Jaypee Cement, the stock of Jaiprakash Associates gained 2.72% at Rs 24.55 per share on the BSE at 1118 hours.
As per a recent update, the total sales by Ashok Leyland registered a growth of 25% on YoY basis. It sold 13,634 units in August 2017 as compared to 10,897 units during the corresponding period last year.
Shankara Building Products is started a new processing facility in Secunderabad, Telangana to capitalise on the growing requirements of the region through a network of state retail outlets, its shares jumped by over 3% intraday during Thursday’s trading session.
In the wake of the company announcing that it was declared as the lowest bidder for a Rs 900-crore project in Gujarat, the shares of Sadbhav Engineering soared by over 3% intraday during Thursday’s trading session.
Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.
As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.
The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell.
The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.
The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.
Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns.
Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.
Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.
The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.
Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.