Gold Silver Reports (GSR) – PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years – Shares of the jewellery maker extended declined for the ninth straight trading session, poised for its longest losing streak since November 2013. The stock fell as much as 14.6 percent to hit a four-year low at Rs 94.55. Trading volume was 9.7 times its 20-day average. The stock declined 78.7 percent so far this year.
Money Market
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Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend
Gold Silver Reports (GSR) – Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend – The iPhone maker committed to spend an additional $100 billion in share repurchases, it said Tuesday in announcing quarterly earnings. That comes on top of the existing $210 billion buyback program to be completed during the fiscal third quarter.
Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall
Gold Silver Reports (GSR) – Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall – Shares of the Gurugram-based budget airline rebounded from Friday’s sharp fall and rose 0.7 percent to Rs 1,417.65. International brokerage JPMorgan has maintained an ‘overweight’ on InterGlobe Aviation stock for target price of Rs 1,690.
Idea Cellular Stock Rises After Loss Narrows In March Quarter
Gold Silver Reports (GSR) – Idea Cellular Stock Rises After Loss Narrows In March Quarter – Shares of the country’s third largest wireless carrier rose as much as 4.65 percent, the most in nearly four months, to Rs 72 after its loss narrowed in December-March quarter.
India’s $2.3 Trillion Equity Market has Surged in Recent Years
Gold Silver Reports (GSR) – India’s $2.3 Trillion Equity Market has Surged in Recent Years — India’s equity culture may also get a boost from a stewardship code to be rolled out for the country’s fund managers to push for corporate-governance best practices. The PFRDA, along with India’s insurance and securities regulators, is pursuing the new code, Contractor said.
Expect Earnings Growth In High Teens This Year: Mark Matthews
Gold Silver Reports (GSR) – Expect Earnings Growth In High Teens This Year: Mark Matthews – Mark Matthews, head of research (Asia) at Bank Julius Baer in a conversation, Indian companies to report robust earnings this quarter.
Stocks To Watch: Axis Bank, Thermax, Gati, IEX
Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Thermax, Gati, IEX — The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.5 percent to 10,664.50 as of 7:15 a.m. Asian stocks climbed as the latest bout of earnings results buoyed sentiment in the technology sector and traders monitored a historic meeting between the leaders of North and South Korea.