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L & T Construction signs orders for the construction of hospitals
Larsen & Toubro (L & T) said Wednesday that his arm had recorded orders for building hospitals in India. Although the company did not reveal the exact value of the contract, it announced that it had signed a large order in the amount of 2,000 to 5,000 crore. (Source: PTI)
Commitments to promoters: Are all 2,942 shares untouchable?
Promoters generally offer their shares to provide additional collateral for maintaining debt lines or to inject capital into other sponsoring entities. But in cases where shares are pledged to finance other business interests, it becomes a bit risky, especially when these companies are underperforming and not generating cash flow, said Elara Capital.
Sun Pharma surges 4% as brokerages maintain confidence after third quarter results
- Global Brokerage CLSA has maintained the call for the purchase on the stock with a target price of Rs 560 per share.
- Citi has maintained a call to action with a target price of Rs 540 per share.
- Credit Suisse maintained the "outperform" view on the stock, but lowered the target price to 515 rupees.
- Motilal Oswal Securities has a call to buy with a target price of 540 rupees.
Top 10 NSE winners
Prices from February 13, 2019 10:43Click on the names of the companies to know their prices live.
Other rate cuts could be envisaged as underlying inflation eases
- India's core and core inflation rates are expected to converge in the coming months as the economy slows, increasing the chances of further interest rate cuts.
- The main measure – which eliminates the volatile costs of fuel and food – has remained stuck at around 6% and is a major reason to warn economists against further rate cuts after last week's surprise easing.
- Viral Acharya, deputy governor in charge of the RBI's monetary policy and among those who sought to keep rates unchanged, once said that core inflation was a more reliable indicator.
HEG slips 2% despite strong third quarter results
Shares of HEG slid 2% Wednesday morning despite stellar results in the third quarter on Tuesday. HEG shares jumped 8.68% on Tuesday to close at Rs.2,402, after a profit twice as high in December: Rs 866.83 crore compared to Rs 342.11 crore in the corresponding quarter of the previous year .
The average achievement this quarter, particularly for aluminum, was about $ 100 less than the previous quarter. As a result, our revenues resisted because our production costs were under control. Although the achievements did not help much, good quality of operations and cost control were the main source of revenue this quarter.
– Satish Pai, Hindalco
Sandip Sabharwal pleads in favor of a CRR cut
#RBI has long withstood a CRR cut. Maybe the time has come, it will reduce overall costs for banks and generate … https://t.co/WoaiRVuWex
& mdash; sandip sabharwal (@sandipsabharwal) 1550029666000
Most active stocks on NSE
Prices from February 13, 2019 9:43Click on the names of the companies to know their prices live.
OPENING BELL: Senbad climbs to 200 pts, Nifty nearly 10,900; Sun Pharma, ITC jump 3% each
Singapore's trade paves the way for a positive start
The nifty futures on the Singapore Stock Exchange traded at 23 points, or 0.21 percent, an increase of 10.884.50, indicating a positive start for the Nifty50.
Tech view: Bears have the upper hand
Tuesday's Nifty50 leveled off for the third consecutive session. During the day, the index outperformed its key short and long-term moving averages, forming higher highs and lows for one more day. According to badysts, the bears have taken over for the moment.
Asian equities gain optimism over trade agreements
Asian equities have risen and safe haven government bonds have been under new pressure Wednesday, optimistic, the US and China may be able to reach an agreement to resolve their trade dispute that has lasted for nearly A year, reported Reuters. Korea's Kospi gained 0.5% and Japan's Nikkei 1%.
Kansai City Supports Suspended Rate Rising
Kansas City Federal Reserve Chairman Esther George said on Tuesday that she was in favor of a pause in interest rate hikes so the Fed can gauge how much its past rises have slowed down the pace of interest rates. Economy, reported Reuters.
The Fed will end the flow of its balance sheet: Fed's Mester
The Federal Reserve is considering no longer letting down its bond holdings "at upcoming meetings," Cleveland Fed President Loretta Mester said on Tuesday, signaling another major policy shift for the Fed after the suspension of rate hikes d & # 39; interests.
Oil prices rise 1% with the reduction of OPEC supply
Oil prices rose about 1% on Wednesday as the OPEC producers' club said it had drastically reduced its stocks in January and that sanctions imposed by the US were hitting the United States. Venezuela's oil exports. Futures contracts on international Brent rose 0.9%, or 53 cents, to $ 62.95 per barrel.
US stocks settle higher
The Dow Jones Industrial Average index rose 372.65 points, or 1.49%, to 25,425.76, the S & P500 index, by 34.93 points, or 1.29%, at 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46%, to 7,414.62, reported by Reuters.
CPI at 18-month low, plant growth increases
Retail sales inflation reached an 18-month low early in the year and industrial production growth resumed in December, after a 17-month low in November. Inflation measured by consumer prices (CPI), down to 2.05% in January, revealed data released Tuesday by the statistics department. The previous dip in consumer inflation was 1.46% in June 2017.
Godrej Industries and Bosch Announce Third Quarter Results
Bosch, Fortis Healthcare, Godrej Industries, NBCC, Repco Home Finance, Adani Gas, Siti Networks, Ansal Housing, Ruchi Soya, Safari Industries and Talwarkars Better Value Fitness are among the companies expected to publish its quarterly results on Wednesday.
Axis Bank OFS is a huge success
The sale of government shares to Axis Bank through SUUTI was marked by the launch of a blockbuster: institutional investors have filed offers worth more than 8,000 crores of rupees by multiplying by 2.56 times the number of shares reserved on the first day of their offer of sale (OFS). Retail investors will bid today.
ICICI Pru offers an additional offer for Bharat 22
The mutual fund ICICI Prudential announced the additional offer period of the Bharat 22 ETF. This AO is part of the Indian Government's overall divestment program previously announced by the Department of Investment and Public Assets Management (DIPAM) of the Ministry of Finance, using the ETF track.
Sebi will make tighter margin rules for F & O trade
The Securities and Exchange Board of India (Sebi) plans to strengthen risk management practices for equity derivatives and equities in the run-up to general elections. The market regulator is likely to tighten the margin rules for futures and options trading and limit the introduction of option exercise prices during the day, with a view to curbing the savage speculation of operators, said three people aware of the development.
The FII sell shares worth Rs 467 million
Foreign portfolio investors (REITs) on Tuesday sold securities worth Rs 467 million, the data available with NSE suggested. DII were net sellers up to Rs 123 Rs, suggested data.
Senbad on Tuesday
The market has fluctuated between gains and losses, which indicates a high volatility. The Senbad lost 241 points, or 0.66%, to 36,154 points, slipping for the fourth day in a row, due to the weakness of financial and IT stocks. Meanwhile, the Nifty closed the day at 10,831, down 57 points, or 0.53%.
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