Dr Reddy’s Labs Gains On Receiving EIR From U.S. FDA – Shares of the Hyderabad-based rug maker rose 0.8 percent to Rs 2,152. Dr Reddy’s Labs informed exchanges that it has received Establishment Inspection Report (EIR) from U.S. FDA for its Mirfield plant in UK.
Gold Silver Reports (GSR) – Nifty 10,500 Put Option’s Premium Slumps Over 20% – Nifty 10,500 strike price put option contract was among the most active option contracts on the NSE. The premium on the contract fell 22 percent to Rs 15.50.
Gold Silver Reports (GSR) – Reliance Naval And Engineering At Record Low As Loss Widens In Q4 – Shares of the Mumbai-based Anil Ambani-led defence equipment maker fell as much as 9 percent, the most in over two months, to record low of Rs 24.50 after its loss widened in the March quarter.
Gold Silver Reports (GSR) – 3i Infotech Drops As Profit Falls In March Quarter – Shares of the information technology solutions firm fell 10.2 percent, the most in over 17 months, to Rs 5.3. The company’s net profit in the March-ended quarter dropped to Rs 23 crore from Rs 32.4 crore …
Gold Silver Reports (GSR) – Bharti Infratel Falls As Operating Performance Dips Marginally – Shares of the Gurugram-based telecom infrastructure company fell as much as 3.77 percent to Rs 315.65 after its operating profit saw a marginal dip in March quarter. Bharti Infratel’s operating profit or EBITDA fell 0.4 percent to Rs 1,606 crore in March quarter from Rs 1,613 crore in the previous quarter.
Gold Silver Reports (GSR) – Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010 – Shares of Hindalco, Vedanta and NALCO fell as much as 9 percent after aluminium slumped 7 percent on London Metal Exchange, the most since 2010, following softening of the U.S. government’s stance on Russian sanctions.
Gold Silver Reports (GSR) – Rise In U.S. Real Rates Could Dent Flows To EMs: Priya Mishra On Rising U.S. Bond Yield, In an exclusive conversation, Priya Misra of TD Securities said continued rise in U.S. real rates could dent flows to emerging markets.
✅ Rise in real rates responsible for rising yields
✅ Rising deficit putting pressure on rates in U.S.
✅ Treasury supplies to double in 2019
✅ Rise in real rates to hurt U.S. economy
✅ Spread between U.S. and German bonds to compress