Contact Your Financial Adviser Money Making MC
17
September 2018
The
major indices of the Indian stock markets suffered a correction on Monday and
closed with losses over Friday’s close. On the NSE, there were 796 advances,
957 declines and 324 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, as the S&P BSE
Sensex lost more than 500 points and the NSE Nifty50 slipped by around 140
points amidst negative global cues on concerns over the US-China trade war
escalating. Sector-wise, selling pressure was witnessed in banking, consumer
durables and auto counters.
California-based
Internet of Things (IoT) company Ayla Networks on Monday announced a strategic
partnership with global technology and design services provider Tata Elxsi to
help communications service providers (CSPs). Tata Elxsi shares closed at
Rs1,365.10, up 1.42% on the NSE.
Global
technology services company Mindtree on Monday said it has entered into a
partnership with the Indian Institute of Technology Madras (IIT Madras) to set
up a dedicated faculty fellow position in data science and Artificial
Intelligence (AI). IIT Madras has formalised a process to identify the faculty
member who will be named to the Mindtree faculty fellow position, the company
said in a statement. Mindtree shares closed at Rs1,155.00, up 0.93% on the NSE.
Private
sector HDFC Bank has become India’s most valuable brand for the fifth year in a
row with a 21% rise in its brand value to $21.7 billion over the previous year,
according to a survey. According to a release here, HDFC Bank retained its top
spot in the "WPP and Kantar Millward Brown's BrandZ 75 Most Valuable
Indian Brands" ranking that was started in 2014 by the global
communication services company.
Lending
major Yes Bank plans to issue bonds worth Rs3,042 crore. According to a BSE
filing by the company, the decision was taken by Yes Bank Board's Capital
Raising Committee on Friday. Yes Bank’s shares closed at Rs317.50, down 1.73%
on the NSE.
V-MART
Retail’s credit rating has been upgraded by ICRA. Alembic Pharma has received
USFDA approval for Desvenlafaxine Extended-Release Tablets, 25 mg, an
equivalent of PRISTIQ® of Wyeth Pharma Inc. The drug is indicated for the
treatment of major depressive disorder (MDD). Estimated annual sales: US$ 13.3
million (ending Dec 2017). Glenmark Pharma has been granted final approval by
the USFDA for its Estradiol Vaginal Inserts USP, 10 mcg, a generic version of
VAGIFEM®, 10 mcg, of Novo Nordisk Inc. Approx. annual sales achieved: US$ 286.3
million (ending July 2018).
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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