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13
June 2018
I mentioned
yesterday that the markets were trendng up. The major indices closed with
gains. On the NSE, there were 852 advances, 936 declines and 81 unchanged. The
trends of the major indices in the course of Wednesday’s trading are given in
the table below: The Total
Investment & Insurance Solutions
Broadly
negative global markets ahead of US Federal Reserve's rate setting meet led the
key domestic equity indices to provisionally close on a flat-to-positive note
on Wednesday. According to market analysts, domestic indices had risen during
the afternoon trade session on the back of higher April industrial production
but soon ceded their gains. Besides, the day's trade saw healthy buying in IT,
consumer durables and banking counters, whereas heavy selling prevailed in
capital goods, metal and FMCG stocks. Sensex touched a high of 35,877.41 points
and a low of 35,715.96 points during the intra-day trade. The BSE market
breadth was slightly tilted towards the bears with 1,381 declines against 1,296
advances. The top gainers on the Sensex were Dr Reddy's Lab, Tata Consultancy
Services (TCS), State Bank of India (SBI), Power Grid and Infosys whereas Tata
Steel, Adani Ports, Hindustan Unilever, Bharti Airtel and ONGC were the major
losers. On the NSE, Dr Reddy's Lab, Cipla and TCS were the highest gainers
while Tata Steel, Zee Entertainment and Bajaj Finance lost the most. The Total Investment & Insurance Solutions
State-run
lender Allahabad Bank on Tuesday said the Hong Kong Monetary Authority (HKMA)
has enhanced supervisory arrangements on its Hong Kong branch while
"assessing implications of the capital positions" of the lender.
"..we have to inform you that the Hong Kong Monitory Authority while
assessing the implications of capital position of our bank as on march 31,
2018, has enhanced the supervisory arrangements on our Hong Kong branch,"
it said in a regulatory filing. In fact, the bank's capital to risk-weighted
assets ratio (CRAR) had declined to 8.69 per cent at the end of March quarter
from 11.27 per cent at the end of December quarter of 2017-18. The Total Investment & Insurance Solutions
The
Union Cabinet on Wednesday approved a Rs 24,000 crore foreign direct investment
(FDI) as additional share capital into private sector HDFC Bank, Finance
Minister Piyush Goyal announced. Indian telecom revenues (adjusted gross
revenues, AGR) fell another 7% quarter-on-quarter (QoQ) and are down 25% from
the fourth quarter of 2015-16 levels, revealed a report by Jefferies. It said
the telecom industry revenues are now back to 2012-13 levels. "The fall
was precipitated by price cuts at end-January by Jio and incumbents. Industry
ARPUs (average revenue per users) fell another 11% QoQ and now stand at Rs
70/sub/month. 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
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Major Indices (The Total
Investment & Insurance Solutions)
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