Contact Your Financial Adviser Money Making MC
11
September 2017
I had
mentioned in Friday’s closing report that Nifty, Sensex were directionless. The
major indices of the Indian stock markets rallied on Monday and closed with
gains 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)
Positive
global cues, on the back of easing geo-political tensions, coupled with buying
in capital goods, banking and automobile stocks, lifted key Indian equity
indices -- the BSE Sensex and the NSE Nifty50 -- during the mid-afternoon trade
session on Monday. Index heavyweights like Larsen and Toubro, Maruti Suzuki,
HDFC Bank, Hindustan Unilever and Coal India, among others, aided the indices
in their bull-run, said market observers. On the NSE, there were 770 advances,
663 declines and 38 unchanged. The Total
Investment & Insurance Solutions
The
benchmark indices opened higher on Monday tracking positive signals from Asian
markets after North Korean dictator Kim Jong Un decided to hold a party over
the weekend rather than launch another missile. The Indian rupee opened
marginally lower against the US dollar. Shares of gas distribution companies
gained after the government renegotiated the pricing of liquefied natural gas
(LNG) imported from Australia's Gorgon project to save more than Rs10,000
crore, which has shown positive impact on all the listed oil and gas stocks,
pointed out market analysts. The Total
Investment & Insurance Solutions
In
a bid to build on 'Design Thinking' approach, Infosys on Monday announced it
has completed the acquisition of London-based product design and customer
experience company Brilliant Basics. The acquisition extended Infosys' digital
design services network to include Europe and the Middle East, enhancing the
company's expertise across financial services, retail and telco sectors, the IT
major said in a statement. The acquisition is in accordance with the terms set
out in the agreement announced by the company on August 3. Last month, Infosys
had said that it would acquire Brilliant Basics for 7.5-million pounds
(approximately Rs63 crore) in an all-cash deal. Through this acquisition,
Infosys expanded its worldwide connected network of 'Digital Studios' that are
focused on fulfilling needs of global clients for end-to-end digital
transformation solutions. The company’s shares closed at Rs878.70, down 0.49%
on the NSE.
Bharti
Airtel on Monday announced the launch of its Voice over LTE (VoLTE) services in
Mumbai. Airtel VoLTE, which works over 4G, will offer customers HD quality
voice calls along with faster call set up time, the company said in a
statement. "This is a significant milestone in Airtel's network
transformation journey under Project Leap. Airtel has built a world-class 4G
network across India and with the VoLTE-compatible device ecosystem beginning
to mature, we believe it's the right time to enable VoLTE calling as part of
our service portfolio," said Abhay Savargaonkar, Director - Networks,
Bharti Airtel. "Over the next few months, we will rapidly accelerate the
deployment of VoLTE to cover all key geographies to bring HD quality calling to
our customers. We keenly look forward to our device partners enabling Airtel
VoLTE on their smartphones," he added. Bharti Airtel shares closed at
Rs402.95, down 0.38% on the NSE.
GMR
Infrastructure on Saturday said that it plans to seek shareholders' approval
for raising funds up to Rs2,500 crore. According to a filing with the BSE, the
company said that it will seek the shareholders' nod at its 21st annual general
meeting on September 29, 2017. "Approval of the shareholders is being
sought inter-alia, for raising of funds, up to Rs2,500 crore in one or more
tranches, through issue of equity shares/equity linked instruments, debentures
or any other securities as an enabling resolution as per the requirements of
applicable laws," the filing said. The company’s shares closed at Rs17.30,
up 0.29% on the NSE.
The
top gainers and top losers of the major indices are given in the table below:
 |
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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