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30 January
2017
The major indices of the Indian
stock markets were range-bound on Monday and closed with marginal losses over
Friday’s close. The trends of the major indices in the course of Monday’s
trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Hopes of budgetary sops and a strong
rupee buoyed the Indian equities markets during the mid-afternoon trade session
on Monday. The key indices have traded on a flat-to-positive note on Monday, as
buying was witnessed in the telecom, healthcare and Teck (technology, media and
entertainment) stocks. The BSE market breadth was marginally tilted in favour
of the bears -- with 1,349 declines and 1,220 advances. The markets traded in
the range-bound territory ahead of the Union Budget on February 1, pointed out
market analysts. Markets were expecting weak numbers from the corporates
following demonetisation. However, the numbers were better-than-expected. This
might be the reason for the upward trend in the Indian rupee, observed market
analysts. However, the major indices slipped in the later afternoon and the key
indices closed in the red for the day, over Friday’s close. On the NSE, there
were 659 advances, 972 declines and 293 unchanged on Monday. The Total Investment
& Insurance Solutions
Housing finance major Housing
Development Finance Corporation (HDFC) on Monday reported a rise of 11.88% in
its standalone net profit for the third quarter (Q3) of 2016-17. According to
the company, its standalone net profit grew to Rs1,701.21 crore during the
quarter under review from Rs1,520.51 crore reported for the like period of last
fiscal. The company's standalone total income from operations (net) rose by
11.95% to Rs8,137.18 crore during the quarter under review. The company’s
shares closed at Rs1,368.90, down 0.13% on the BSE. The Total Investment
& Insurance Solutions
Ending months of speculation,
Vodafone on Monday confirmed it is in talks with the Aditya Vikram Birla group
for the merger of its Indian entity and Idea Cellular in what will be the
largest such deal in the country's telecom space once it materialises. The
merger will create an entity with a subscriber base of more than 400 million to
emerge as the largest player in India, replacing the current dominant player
Bharti Airtel, which currently has over 260 million users on its network.
"Vodafone confirms that it is in discussions with the Aditya Birla Group
about an all share merger of Vodafone India -- excluding Vodafone's 42% stake
in Indus Towers -- and Idea," the Indian entity's parent company said in a
statement. "Any merger would be effected through the issue of new shares
in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone
India." In a clarification later, Idea Cellular said it is in preliminary
discussions with Vodafone. "In view of the fact that the discussion is at
the preliminary stage, the company is not in a position to share any further
details," Idea Cellular said in a regulatory filing. Idea shares closed at
Rs97.95, up 25.90% on the BSE. The Total Investment & Insurance
Solutions
Industrialist Anil Ambani-led
Reliance Reliance Defence on Monday said it has signed a contract with the
Ministry of Defence for the design and construction of 14 Fast Patrol Vessels
for the Indian Coast Guard valued at Rs916 crore, the company said on Monday.
These ships are medium range, high speed vessels, and primarily used for patrol
within the exclusive economic zone, costal surveillance, and anti-smuggling,
anti-piracy, search and rescue operations. They also support front-line
warships in the hour of need. Virtually all the private sector and public
sector Shipyards had bid for the project, including Larsen and Toubro, Cochin
Shipyard, Goa Shipyard, and Garden Reach Shipbuilders and Engineers. "This
is the first time, a private sector shipyard has been awarded a contract to design
and build such class of ships for the Indian armed forces. Reliance Defence
will be developing the design in-house," a regulatory filing by the
company said. The company’s shares closed at Rs61.80, up 7.95% on the BSE. The Total Investment
& Insurance Solutions
The top gainers and top losers of
the major indices are given in the table below:
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| Top Gainer (The Total Investment & Insurance Solutions) |
The closing values of the major
Asian indices are given in the table below:The Total Investment
& Insurance Solutions
 |
| Asian Indices (The Total Investment & Insurance Solutions) |
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