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BSE Senbad and Nifty 50's traded higher on Tuesday Photo: Mint
- Mumbai: BSE Senbad and NSE's Nifty 50's benchmark indices traded on Tuesday Chinese tensions between the United States and China have declined while Asian stock markets have fallen to a nine-month low as investors fear that China-US trade will derail a period of synchronous global growth, reports Oil prices climbed after Libya declared force majeure on some of its supplies, although an overall increase in Opep's output and an emerging slowdown in demand have dampened markets . Steel Strips Wheels shares increase on June sales data Steel Strips Wheels Ltd rose 0.92% to Rs1,229.50 after the company reported that its total RIM sales on wheels reached 1.3 million in June 2018 compared with 1 million in the same month last year.
11. 23h IST Market Update: Senbad, Nifty Raises Its Earnings BSE Senbad's Exchange Up 153.61 points, or 0.44%, to 35418.02, while the Nifty 50 rose by 43.05 points, or 0.40%, to 10,700.35. Shasun Strides Ltd rose 1.7% to Rs 395 after the company said it had received USFDA approval for Ibuprofusen tablets.
10.35 IST [19659004] DCM shares Shriram Industries down 3% shares DCM Shriram Industries Ltd. fell 3% to Rs1.35,20 after promoter Lily Commercial Pvt Ltd. acquired 1.06 lakh shares or 0.61% of equity at Rs 132.29 each.
10:05 AM IST [19659004] Market update: Senbad, net gain BSE Senbad traded up 99.73 points, or 0.28%, to 35,364.14, while the Nifty 50 rose 23.75 points, or 0.22%, to 10,681.05
] Kwality shares fall as a promoter sells shares Kwality Ltd. shares fell 2% to Rs22.40 after his ballooning Sanjay Dhingra sold 13 lakh shares or 0.54% of the equity at Rs 22.07 each in the company.
9:45 am IST BIO shares increase by 2% Shares of Fine Organic Industries Ltd rose by 2% to Rs839.20 after Goldman Sachs India Fund Ltd acquired 2.79 lakh shares, or 0 , 91% of shareholders' equity at Rs815 per share. Shares of Fine Organic closed Monday at more than 5% in the stock market, after the initial public offering of Rs 600 crore was taken out 9 times last week.
9.33 am IST Hero Motocorp shares increase in June Hero Motocorp Ltd shares rose 1.3% to Rs 3,458.60 after the company announced a 13% increase of his June sales at 7.04 lakh units. The company also announced an upward price revision of its motorcycles and scooters, with immediate effect, to partially offset the steady rise in input costs, including commodity prices, and the depreciation of the currency.
9.22 am IST Market Update: Senbad, Nifty Trade Flat BSE Senbad traded up 20.51 points, or 0.06%, to 35,284.92, while the Nifty 5050 points, or 0.04%, to 10,652.85
9:18 AM IST The rupee weakens further against the US dollar The Indian rupee weakens further against the US dollar, stalking losses on the global money markets. At 9:15, the rupee was trading at $ 68.92, down 0.19% from its previous close of 68.80. The currency opened at 68.81 and hit a high of 68.81 and a low of 68.94 a dollar. So far this year, the rupee has weakened by 7.4%, while foreign investors have sold respectively $ 621.50 million and $ 6.11 billion in equity markets and debt. The 10-year bond yield was 7.899% after closing on Monday at 7.912%. Bond yields and prices move in opposite directions
9:00 IST Can the rupee become a strong currency? By 2030, when India could represent $ 10 trillion, the middle-income economy would allow the rupee to gradually evolve into a strong currency
Can the rupee become a strong currency? https://t.co/5FcA7IMM1B
– Livemint (@livemint) July 3, 2018
8:40 am IST Opening bell: clues to watch for before being traded today (US $ 1965) US stocks rose on Monday, the first trading day of the third quarter, led by strong gains in technology. But persistent concerns about the Trump administration's trade policies have limited gains. Asian markets edged up on Tuesday, reversing some of the sharp declines in overnight trading as equities followed gains on Wall Street, although worries over US trade policy persisted. Pursuit of speed in June, helped by new model launches and the weak base of the previous year. The top five Indian automakers, Maruti Suzuki India Ltd., Hyundai Motor India Ltd., Tata Motors Ltd., Mahindra and Mahindra Ltd. and Toyota Kirloskar Motor Pvt. Ltd collectively sold 216,660 units during the month, up 43.7% from 150,772 units a year ago. ■ The Sebi regulator allegedly found ICICI Prudential MF in breach of the rules on the last day of the call for tenders for the IPO of the ICICI Securities group company and asked the cash to repay Rs240 crore, with 15% interest, According to the monthly survey, activity in the Indian manufacturing sector experienced in June its strongest growth, supported by the rise in domestic orders and exported. The Nikkei India Manufacturing Purchasing Managers Index (PMI) rose from 51.2 in May to 53.1 in June, posting the fastest improvement since December 2017. ■ Milltec Machinery Ltd, manufacturer of food processing equipment, has filed projects with the Securities and Exchange Board India has raised an estimated Rs500 crore through an initial public offering (IPO). ■ The Mumbai Bank of the National Tribunal for Company Law (NCLT) reserved its order in an insolvency plea filed by Srei Infrastructure Finance Ltd (SIFL) against Sterling SEZ & Infrastructure and Sterling International Enterprises, subsidiaries Sterling Biotech, also admitted to the resolution process. ■ The Competition Commission of India (ICC) approved the proposed merger of Bharti Infratel and Indus Towers, the arm of the Bharti Airtel Tower said in a statement
First publication: Tue, 03 Jul 2018. 08 41 AM IST
