FE Bureau | March 10, 2018 4:20 AM
Equities in India on Friday lost value for the seventh time in eight sessions with benchmark indices closing in the red. The Sensex and Nifty ended the session down 0.15% and 0.13%, respectively, at 33,307 and 10,227 points.
IANS | March 10, 2018 4:12 AM
The US stocks traded higher on Friday after the release of stronger-than-expected jobs data in the country.
Reuters | March 10, 2018 3:03 AM
The dollar was little changed against a basket of currencies on Friday as monthly US job growth data was its strongest in over 1-1/2 years while wage gains slowed more than expected, supporting the view the Federal Reserve would not quicken its pace on raising interest rates.
Reuters | March 10, 2018 2:20 AM
The three major U.S. indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster rate increases.
Reuters | March 10, 2018 1:47 AM
Gold prices bounced off their lows on Friday after the U.S. dollar slipped against most of its peers as slowing wage gains foreshadowed a gradual inflation increase this year.
FE Bureau | March 10, 2018 12:38 AM
Forward premium on the rupee has gradually started to recover with dollar availability improving, following a period of supply tightness in the spot market.
FE Bureau | March 10, 2018 12:30 AM
Back-to-back initial public offerings of state-owned Bharat Dynamics (BDL) and Hindustan Aeronautics (HAL) will hit market next week to help the Centre divest a portion of stakes in these defence PSUs.
Reuters | March 10, 2018 12:27 AM
Oil prices rose more than 2 percent on Friday, rebounding from two days of declines as Wall Street rose on strong U.S. jobs data.
Motilal Oswal | March 10, 2018 12:24 AM
As the impact of GST-related hiccups is waning, print ad revenues are expected to grow at a healthy 10% CAGR over FY18-20 on the back of recovery in ad spends led by increased launches across the FMCG and auto space.
Centrum | March 10, 2018 12:17 AM
Ahluwalia Contracts (India) (ACIL), for Q3FY18, reported decent numbers. Revenue grew 1% y-o-y to Rs 361 crore, growth was muted on the back of GST impact (adjusting for the same, revenue would have been up by 9-10%).
FE Bureau | March 10, 2018 12:11 AM
HG Infra Engineering made a tepid debut on the bourses on Friday. The stock got listed at its issue price of Rs 270. The stock ended the session at Rs 270.05, 0.2% above the issue price.
Pragya Srivastava | March 9, 2018 7:35 PM
Bharti Airtel is planning to raise up to Rs 3,000 crore through non-convertible debentures for meeting spectrum liabilities and refinancing debt, the company said in a BSE filing.
FE Online | March 9, 2018 5:05 PM
Indian stock markets closed on a negative on Friday with the key equity indices Sensex and Nifty ending marginally down as shares of metals, bankers slumped heavily.
FE Online | March 9, 2018 4:06 PM
Shares of RCom tumbled nearly 14% on Friday on news of Bombay High Court rejecting its plea against an NCLT order, which barred the Anil Ambani-firm from selling its assets to elder brother Mukesh Ambani-controlled Reliance Jio Infocomm.
Good news for commodity derivative traders: Ruling allows to set off loss on speculative transactionsFE Online | March 9, 2018 2:22 PM
Commodity derivative traders can set-off losses from trades against profit of same business, irrespective of whether the transaction is speculative or non-speculative, according to a ruling by Mumbai bench of the Income-tax Appellate Tribunal.
Videocon stock jumps 5%, hits upper circuit on news of Brazil oil block stake sale for Rs 30,000 croreFE Online | March 9, 2018 2:17 PM
Shares of the debt-laden Videocon Industries got locked in the upper circuit after rocketing 5% on news of Brazil oil block stake sale on Friday.
FE Online | March 9, 2018 1:26 PM
Indian stock markets traded higher in the mid-morning session on Friday with Sensex flirting with 33,500 as shares of heavyweight components of the index such as HDFC, TCS, ITC and Infosys surged up to 2% while stocks of SBI, ICICI Bank and Tata Steel dragged.
Bloomberg | March 9, 2018 12:56 PM
Hon Hai Precision Industry Co. is racing ahead with an initial public offering of its automated factory division that may become China’s biggest debut since the 2015 stock market crash.
3 key reasons why CLSA’s Chris Wood is cautious on India’s stock market in near-term; his top stock betsSushruth Sunder | March 9, 2018 12:16 PM
While the domestic stock markets may have shown signs of a recovery taking cues from the Asian markets, CLSA’s Christopher Wood, who had been eternally bullish in the indian markets so far, says that he’s cautious in the near-term. We explore three key reasons.
Abhijeet Singh | March 9, 2018 12:05 PM
Almost all the metal stocks listed on Indian bourses crumbled on Friday on US President Donald Trump’s steel and aluminium tariffs with shares of Tata Steel losing over 2% and SAIL dropping 5%.
Bloomberg | March 9, 2018 10:39 AM
India’s HDFC Bank Ltd., the world’s most-expensive lender, has appointed arrangers including Bank of America Corp, Morgan Stanley and Credit Suisse Group AG for a 155 billion rupee ($2.38 billion) planned share sale.
Sushruth Sunder | March 9, 2018 9:26 AM
The Indian stock markets opened higher on Friday tracking strong domestic and global cues, with the 30-share Sensex opening nearly 120 points higher at 33,465 and the broader Nifty 50 at 10,271, nearing the psychological 10,300 mark.
Reuters | March 9, 2018 8:52 AM
Crude oil futures rose on Friday as Asian stock markets gained on news that North Korean leader Kim Jong Un will meet with U.S. President Donald Trump.
Reuters | March 9, 2018 8:42 AM
Major U.S. stock indexes closed higher and Canadian and Mexican currencies gained briefly on Thursday after U.S. President Donald Trump set tariffs on steel and aluminum imports but exempted Canada and Mexico.
Reuters | March 9, 2018 8:33 AM
Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May.
Reuters | March 9, 2018 3:54 AM
The three major US stock indexes closed higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had had the market on edge for a week.
Reuters | March 9, 2018 3:08 AM
Oil prices fell on Thursday, headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging U.S. crude production and investor jitters about a potential trade war.
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