The markets on July 16, 2019 opened down. BSE Sensex is trading at 39,044.43, up by 270.13 points and the Nifty is trading at 11,633.05, up by 44.70 points. 

The exports of gems & jewellery sector which witnessed 5.93 per cent YoY decline in the April-May 2019 period continued to face headwinds and June shipments dipped nearly 16.26 per cent.

The e-governance services company is planning to build a large charging footprint alongside its network of Nextgen Vakrangee Kendra outlets spread across the country. Currently, the company has 3,504 Vakrangee Kendras.

Overall volumes in futures & options currently stand at 1,11,09,773 contracts with a turnover of Rs.7,72,268.07 crore.

Overall volumes in futures & options currently stand at 1,11,09,773 contracts with a turnover of Rs.7,72,268.07 crore.

Greaves Cotton has acquired 25,73,529 equity shares of its subsidiary Ampere Vehicles by way of investment through primary and secondary purchase for a total consideration of Rs. 38.49 crore.

Nifty needs to convincingly hold above 11,600-11,650 to provide fresh impetus to the bulls. On the downside, the level of 11,426-11,461 is likely to act as a support for the index. Stocks in news: SBI, NTPC, Ashok Leyland, Greaves Cotton, Capacite Infraprojects, Aditya Birla Fashion.

The outlook for the day is a soft start as cues from Asian peers are not helpful. At the time of writing, the SGX Nifty was trading down by 12 points at 11,574 levels.

The company in its exchange filing said that due to sharp slowdown in disbursement and loan growth post September 2018, the financials of the company have been quite strained for the quarter impacting the overall performance of the year.

Indian ethnic wear is a large segment in the Indian fashion market and with this partnership, ABFRL would further enhance its presence on this segment.