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.
Supreme Court of India has stayed NCLT's order allowing the government to take over the board of realty major Unitech. The apex court has objected to the NCLT decision because the later did not consult SC before passing the order.
Following stocks are close to their 52-week low as at 1.00 p.m. on December 13.
The markets on December 13 opened gap down. BSE Sensex is trading at 33,347.27, up by 119.28 points and the Nifty is trading at 10,280.10, up by 39.95 points.
Kalpataru Power Transmission was buzzing on the bourses on Wednesday as the company won orders worth Rs. 875 crore.
The viscose filament yarn (VFY) business of Century Textiles is a revenue-generating business for which Grasim will pay a commuted royalty of Rs. 600 crore.
Overall volumes in futures & options currently stand at 50.89 lakh contracts with a turnover of Rs.4,53,633 crore.
Going ahead, the gap area (10,183-10,195) formed as on December 8, 2017, may act as a support in the coming trading session. However, a decisive breach of this support level may result in extended correction up to the level of 10,120. On the upside, the levels of 10,265-10,275 may act as immediate resistance zone, followed by 10,330.
Today, the start for the Indian markets is likely to be flat on mixed global cues. The SGX Nifty is trading almost with a loss of 7 points at 10,249.50, indicating a flat start at the opening bell.
The stocks that are likely to witness significant movement on the bourses on Wednesday, December 13 are Yes Bank Limited, Kridhan Infra Limited, Havells India Limited, Bharti Airtel Limited and Dr. Lal Path Labs Ltd.