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20
Aug 2018
I The
major indices of the Indian stock market rallied and ended Monday with gains
over last Friday’s close. On the NSE, there were 956 advances, 782 declines and
346 unchanged. The trends of the major indices in the course of Monday’s
trading are given in the table below: The Total Investment &
Insurance Solutions
The
key Indian equity indices of the S&P BSE Sensex and the NSE Nifty50 touched
fresh record levels Monday, supported by firm global cues and a recovery in the
domestic currency. Both the BSE Sensex and the Nifty50 of the National Stock Exchange
touched new all-time highs of 38,281.70 points and 11,551.85 points,
respectively, surpassing their previous benchmarks of 38,076.23 and 11,495.20
points. Buying activity was witnessed in capital goods, auto and oil and gas
stocks.
The Total Investment & Insurance Solutions
State
Bank of India (SBI) has donated Rs2 crore for the Kerala flood victims and
initiated several other ground-level measures in the deluged state, an official
said on Saturday. The SBI has encouraged all its 270,000 staffers to contribute
to the Chief Minister's Distress Relief Fund (CMDRF), and the bank would
contribute an equivalent amount. It also announced a waiver of fees and charges
on services like loans for flood relief, duplicate passbooks, ATM cards, cheque
books and EMI delays, besides making attempts to restore the working of
branches and ATMs in the flood affected regions of the state. Besides, the SBI
has decided to waive all charges on remittance to the CMDRF, penalty on
non-maintenance of minimum account balance from proceeds of relief fund
provided by the government and agencies and if already recovered, such charges
would be refunded for customers in the state. State Bank of India shares closed
at Rs307.60, up 1.82% on the NSE. The Total Investment & Insurance
Solutions
Commercial
vehicle maker Ashok Leyland received an order for 300 double decker buses from
Bangladesh Road Transport Corporation (BRTC). According to the Company, the
order delivery will take place within eight months from now and the procurement
has been made against a tender under "Indian Line of Credit".
"Exports have been a strong focus for us to de-risk from cyclicality in
Indian market and to globalize our product portfolio," Vinod K Dasari,
Managing Director, Ashok Leyland, was quoted as saying in a company statement.
"This is a significant win for us and builds on the strong export growth
we had last year." Ashok Leyland shares closed at Rs128.20, down 0.12% on
the NSE.
Mining
major Vedanta welcomed the Supreme Court's decision not to entertain Tamil Nadu
government's plea against the National Green Tribunal (NGT) order allowing the
company access to the administrative unit inside its subsidiary Sterlite
Copper's closed plant at Tuticorin. Directing the NGT earlier on Friday to take
a final decision on the matter, the apex court also did not grant a stay on the
proceedings of the case at the NGT challenging the smelter plant closure, as
was sought by the Tamil Nadu government. Vedanta shares closed at
Rs221.65, up 3.00% on the NSE. The Total Investment & Insurance
Solutions
Tanla
Solutions has entered into a definitive agreement to acquire 100% of Karix
Mobile Pvt Ltd for a cash consideration of Rs340 crore. Karix is a leading
Business Cloud Communications provider in India operating from four locations
and serves over 1,500 enterprise clients. Tanla Solutions shares closed at
Rs42.15, up 4.98% on the NSE.
Rupee
movement and crude oil price movements along with inflow and outflow by the
foreign and domestic players will dictate the trend of the market going ahead.
The Indian rupee is expected to range from 69.50 to 70.50 against the US dollar
in the coming week. In recent days, geo-political tensions between the US and
Turkey, wider trade deficit, along with outflow of foreign funds have pulled
the Indian rupee to fresh record intra-day and closing lows.
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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