Contact Your Financial Adviser Money Making MC
23 November 2017
I had mentioned in Wednesday’s closing report
that Nifty, Sensex were struggling to move higher. The major indices of
the Indian stock markets were range-bound on Thursday and were struggling to
find the bullish trend over Wednesday’s close. At the close of trading, the
major indices ended flat. The trends of the major indices in the course of
Thursday’s trading are given in the table below: The
Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Key Indian
equity markets on Thursday closed on a flat-to-positive note as investors
traded with caution on the back of weak global cues and selling pressure in
index heavyweights like Dr Reddy's Lab, Bajaj Auto, Adani Ports and NTPC.
According to market observers, gains were supported by healthy buying in IT
(information technology), capital goods and consumer durables stocks.
State-run
lender United Bank of India (UBI) on Wednesday said it is planning to raise up
to Rs500 crore through issuing and allotting of Basel III compliant bonds. UBI
would seek approval for this from its board which is scheduled to meet on
December 6. "Issue and allotment of Basel III compliant additional tier-I
bonds up to Rs500 crore and board meeting to consider issue of equity shares
under ESOP (employee stock ownership plan)/ ESPS (employee stock purchase
scheme).... we hereby inform that the same shall be taken up for consideration
and approval at the ensuing board meeting on December 6, 2017," the bank
said in a regulatory filing. The board would consider the proposal for issue of
up to five crore equity shares in one or more tranches by way of ESOP/ESPS, it
said. Under Basel III, the bank's capital adequacy ratio stood at 10.70% with
the tier I capital at 7.98% as on September 30, 2017. The lender had recently
issued tier I and tier II bonds aggregating Rs830 crore in order to strengthen
its capital adequacy ratio. The city-headquartered bank had reported a whopping
net loss of Rs344.83 crore for the second quarter ended September 30, as
against a net profit of Rs43.53 crore for the corresponding period in the last
fiscal. United Bank shares closed at Rs17.45 up 1.45% on the BSE. The
Total Investment & Insurance Solutions
Stock
exchange major BSE said it will auction debt investment limits to enable
foreign investors to purchase corporate bonds worth Rs8,314 crore. The
auction shall be conducted on November 24 on its "ebidxchange"
platform post market hours from 3.30 p.m. to 5.30 p.m., BSE said in a circular.
Live bidding session for allocation of debt investment limits for FII (foreign
institutional investors), FPI (foreign portfolio investors) or sub accounts
shall be conducted on November 24 on exchange's "ebidxchange"
platform, the circular said. BSE said it will conduct a mock bidding session on
Thursday after the close of market hours from 3.30 p.m. to 5.30 p.m. The debt
auction quota gives FPIs the right to invest in the debt up to the limit
purchased. The Total Investment & Insurance
Solutions
Leading
Indian private lender Yes Bank said it was raising $400 million (Rs2,600 crore)
through two syndicated loans from Taiwan and Japan. "The first loan of
$250 million is from 17 Taiwanese banks and second (Samurai) loan of $150
million from 8 Japanese banks," said the bank in a statement here. The
Mumbai-based bank has tied up a 5-year commercial loan in a syndication led by
CTBC Bank, Bank of Taiwan, Mega International Commercial Bank and Land Bank of
Taiwan. Yes Bank shares closed at Rs315.40, up 1.82% on the NSE.
Bharti
Airtel said Tata Teleservices customers will be shifted to its mobile network
under an intra circle roaming (ICR) arrangement with effect from Wednesday.
According to the telecom major, the first batch of the transition was being
effected in UP (West), Bihar, and West Bengal. "Over the coming weeks, all
consumer mobile customers of Tata Teleservices across all circles will
gradually transition to the Airtel network," the company said in a
statement. Under the arrangement, customers will be able to enjoy uninterrupted
services on the Airtel network with their existing SIMs and billed as per their
existing plans/pack benefits. The statement added that the telecom players had
recently announced an agreement to merge the consumer mobile businesses of Tata
Teleservices and Tata Teleservices Maharashtra into Airtel. "The
acquisition is currently undergoing regulatory approvals," it added.
Bharti Airtel shares closed at Rs495.60, down 0.70% on the NSE. The
Total Investment & Insurance Solutions
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) |
No comments:
Post a Comment