Gold Silver Reports (GSR) – MCX Silver Under Fresh Selling Trading Zone Between 37600—39200 – Silver on MCX settled up 1.85% at 39030 boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand. Renewed safe-haven demand comes amid investor concerns over escalating US-China trade tensions after Beijing unveiled retaliatory tariffs on Monday overnight.
Neal Bhai
JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid
Gold Silver Reports (GSR) – JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid — While the Mauritius-based holding company is the resolution applicant for Essar Steel, the resolution plan will be implemented through the India entity – Nu Metal & Steel Pvt Ltd.
India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says
Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.
NBCC Gains After Cabinet Panel Extends Chairman’s Tenure
Gold Silver Reports (GSR) – NBCC Gains After Cabinet Panel Extends Chairman’s Tenure — Shares of the state-run construction firm rose as much as 7.6 percent, the …
Binani Industries Offers Full Debt Repayment To Binani Cements Lenders
Gold Silver Reports (GSR Team) – Binani Industries Offers Full Debt Repayment To Binani Cements Lenders — Shares of Binani Industries rose as much as 5.7 percent to Rs 92.25 after the National Companies Law Appellate Tribunal has granted liberty to Binani Cement wherein lenders can settle insolvency proceedings out of court.
India Manufacturing Growth Slows Again In March
Gold Silver Reports (GSR Team) – India Manufacturing Growth Slows Again In March — Growth in India manufacturing sector slowed again in March as both output and new orders fell to its lowest pace since October, according to an industry benchmark.