Tuesday, 16 January 2018

The Rupee Extended Losses In Late Morning Trade

The rupee extended losses in late morning trade, dropping by 21 paise to 63.70 against the greenback in late morning deals on sustained dollar demand from importers and banks amid widening trade deficit.

The rupee came under pressure as trade deficit widened to three-year high at USD 14.88 billion in December,government data showed yesterday, imports surged nearly 21.1 per cent year-on-year to USD 41.90 billion last month while exports grew 12.4 per cent on-year to USD 27.03 billion.

The rupee opened lower at 63.60 per dollar from yesterday's closing level of 63.49 at the inter-bank foreign exchange today.

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Monday, 15 January 2018

Shares Of HDFC Gained Around 2 Percent Intraday On Monday

Shares of HDFC gained around 2 percent intraday on Monday as investors cheered the NBFC’s fundraising plan.

Over the weekend, it announced that the Board had approved fund raising worth Rs 11,301 crore by issuing 6.43 crore shares at Rs 1,726.05 per share to investors, including global private equity biggie GIC Singapore, KKR and Premji Invest.

Housing Development Finance Corporation or HDFC's committee of directors in a meeting held on Saturday approved to the "issuance of 6,43,29,882 equity shares if Rs 2 each of the Corporation on a preferential basis", HDFC said in a release to the stock exchanges on Saturday.

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ICICI Bank And Tata Steel Are The Top Gainers On Both Indices

Shares have extended their gains from the opening tick, with the Sensex gaining over 200 points, while the Nifty is eyeing 10,750-mark.

The Sensex is up 240.43 points or 0.70% at 34832.82, while the Nifty is up 65.00 points or 0.61% at 10746.30. The market breadth is positive as 1,715 shares advanced, against a decline of 574 shares, while 256 shares were unchanged.

ICICI Bank and Tata Steel are the top gainers on both indices, while IndusInd Bank, ONGC and Eicher Motors lost the most.

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Friday, 12 January 2018

TCS Falls On Profit Booking; UBS, Deutsche See Stock At Rs 3,000 In Next 1 Year

Tata Consultancy Services shares fell as much as 1.6 percent in morning Friday despite bagging of USD 2 billion order in US. It was in addition to 0.7 percent loss in previous session following nearly 4 percent rally on Wednesday.

The further correction was largely because of profit booking as third quarter numbers came in line following which analysts retained their ratings.

At 09:42 hours IST, the stock price was quoting at Rs 2,760.20, down Rs 28.20, or 1.01 percent on the BSE.

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IndusInd Bank Rises 1% Post Q3 Show; Brokerages Remain Upbeat

IndusInd Bank’s shares rose over 1 percent intraday on Friday as investors cheered the bank’s positive result trends for the December quarter.

The private sector lender reported nearly 25 percent growth in profit at Rs 936.2 crore for quarter ended December 2017 YoY, which was largely in line with estimates, but asset quality weakened a bit sequentially.

Profit in year-ago quarter had reported at Rs 750.64 crore by the bank. Other income, operating income and NII boosted profitability.

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Thursday, 11 January 2018

Bharti Airtel Has Added 43 Lakh Users In November While Reliance Jio

Bharti Airtel has added 43 lakh users in November while Reliance Jio, the part of Reliance Industries, added 61.2 lakh users in same month.

Idea Cellular and Vodafone, which are going to merge in current year, added 32 lakh and 27 lakh users in November.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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IndusInd Bank Is The Second Private Sector Lender To Announce Third Quarter Earnings On Thursday

IndusInd Bank is the second private sector lender to announce third quarter earnings on Thursday. Profit is expected to increase 24.1 percent to Rs 931.5 crore for the quarter ended December 2017.

The bank had reported net income at Rs 750.6 crore in year-ago quarter. Net interest income, the difference between interest earned and interest expended, is seen growing 22 percent to Rs 1,926.1 crore from Rs 1,578.4 crore year-on-year, according to average of estimates of analysts polled by CNBC-TV18.

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