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July 2018
The
major indices of the Indian stock markets were range-bound on Monday and closed
with losses over Friday’s close. On the NSE, there were 614 advances, 1,134
declines and 333 unchanged. The trends of the major indices in the course of
Monday’s trading are given in the table below:
The
key Indian equity indices closed in the red on Monday following weak global
cues. The indices, however, recovered major losses in the last hour of
trade.
The
ITC on Monday opened its luxury hotel ITC Kohenur in IT hub Cyberabad. Built
with an investment of around Rs775 crore, ITC Kohenur will offer 271 high
technology enabled rooms, suites and service apartments, six signature
restaurants, state-of-the-art meeting and convention spaces and Kaya Kalp
Spa.
Automobile
major Maruti Suzuki India on Sunday reported a rise of 36.3% in its overall
sales including exports for June 2018 from a low base in June 2017. According
to the company, overall sales during the month under review grew to 144,981
units from 106,394 units sold during June 2017. The overall sales include
135,662 units in the domestic market and 9,319 units which were exported. On a
quarterly basis, the company sold a total of 490,479 units in the April-June
quarter, "growing 24.3% over the same period previous fiscal". Maruti
Suzuki India shares closed at Rs8,806.30, down 0.22% on the NSE.
Coal
India Ltd (CIL) on Sunday said its production during April-June period of the
current fiscal grew by 15.2% over corresponding period last year and its
off-take also increased by 11.7% during the first quarter of this year over
same period last year. The miner, however, missed both production and off-take
target for the first three months of this year by 9% and 10% respectively.
According to provisional data, CIL produced 44.88 million tonnes of coal in
June, achieving 85% of its target of 52.79 million tonnes for the month. Coal
India shares closed at Rs260.40, down 1.49% on the NSE.
Tata
Motors on Sunday reported a 54% growth in its domestic sales for the month of
June 2018. According to it, domestic sales during the month under review grew
to 56,773 units from 36,836 units sold during the corresponding month of the
previous year. On a quarterly basis, the company's domestic sales grew by 64%
in the April-June 2018 period to 164,579 units from 100,141 units over the
previous year "due to the continued strong month on month sales
performance of its commercial and passenger vehicles business in the domestic
market". Tata Motors shares closed at Rs257.80, down 0.54% on the NSE.
State
Bank of India's former Managing Director B Sriram on Saturday took charge as
the MD and CEO of financially troubled IDBI Bank. Sriram was recently appointed
as the chief of financially troubled IDBI Bank for a period of three months.
According to the filing, SBI said that the central Government granted
permission to Sriram for voluntary retirement on June 29 with immediate effect.
IDBI Bank shares closed at Rs55.65, up 1.37% on the NSE.
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:
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Major Indices (The Total
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