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5
June 2018
I had
mentioned in Monday’s closing report that Nifty, Sensex are under pressure. The
major indices of the Indian stock markets continued its decline on Tuesday and
closed with losses over Monday’s close. On the NSE, there were 328 advances,
1422 declines and 302 unchanged. The trends of the major indices in the course
of Tuesday’s trading are given in the table below: The Total Investment & Insurance
Solutions
Broadly
negative global cues along with caution ahead of the RBI's monetary policy
review depressed the key Indian equity indices on Tuesday. According to market
observers, heavy selling pressure was witnessed in the capital goods, consumer
durables and IT stocks. State-run copper producer Hindustan Copper Limited
(HCL), which is focusing on exploration in order to assess copper reserve in
its mines, on Tuesday said it is expecting its turnover to cross Rs 2,000 crore
in the current fiscal, an official said on Tuesday. State-owned Bank of Baroda
on Tuesday said it will hike its benchmark marginal cost of funds based lending
rate (MCLR) by 5 basis points, across various tenures from June 7. "The
bank's 1-year MCLR will be 8.45 per cent, which is competitive as per the
current market scenario," the bank said in a statement. "For all
other tenors: overnight, one month, three months and six months rates will be
7.95 per cent, 8 per cent, 8.10 per cent and 8.30 per cent, respectively."
IndusInd
Bank Ltd on Tuesday said it has received a 'no-objection' from National Stock
Exchange (NSE) and BSE for merger of Bharat Financial Inclusion Ltd with
itself. The "no-objection" is based on the draft scheme and other
documents submitted by IndusInd Bank, including undertaking given in terms of
regulation 11 of SEBI (LODR) Regulation. "This is one of the important approvals,
which would enable IndusInd Bank to file the draft scheme of amalgamation, as
approved by the Boards of Directors of both the entities on 14 October 2017,
with the National Company Law Tribunal (NCLT) at Mumbai," the lender said
in a release. The Total Investment & Insurance
Solutions
The
Enforcement Directorate (ED) on Tuesday questioned former Finance Minister P.
Chidambaram here in a probe into the FIPB's approval to the Aircel-Maxis deals.
Chidambaram appeared at the ED's office around 11 a.m. -- within an hour after
a city court extended the interim protection to him from arrest till July 10 in
connection with the case after directing him to join the probe whenever
required. It was the first time when the senior Congress leader joined the
probe in the case. The questioning is part of ED investigation in a money
laundering case registered in 2017 against Chidambaram's son Karti Chidambaram
in the Aircel-Maxis case. The Total
Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices
are given in the table below: The Total
Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
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