Gold Silver Reports (GSR) – Shaily Engineering Surges To Record High After HDFC MF Buys Stake – Shares of the Gujarat-based plastic products maker rose as much as 8 percent to record high of Rs 1,510 after HDFC Mutual Fund bought stake in the company. HDFC Mutual Fund bought 99,134 shares or 1.2 percent equity at Rs 1,300 each, according to data available on the stock exchanges.
Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.
Gold Silver Reports (GSR) – Hong Kong Exchanges and Clearing has appointed local businesswoman and politician Laura Cha as its new chairman of the board, the exchange announced on Thursday. Vale’s base metals business posted a 45.7% increase in its core earnings in the first quarter of 2018 from a year earlier, helped primarily by the higher realized nickel prices during the period, the Brazilian diversified miner said on Wednesday.
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Gold Silver Reports (GSR) – Reliance Naval & Engineering Falls The Most In Over Five Years – Shares of the defence equipment maker fell as much as 19.3 percent to Rs 18.4, the most since July 2012 after company auditors raised doubts over its ability to “continue as a going concern.”
Gold Silver Reports (GSR) – Nifty 10,600 Call Most Active On NSE Ahead Of Expiry – Nifty 10.600 strike price call was among the most active option contracts on the NSE. Premium on the contract fell 18.71 percent to Rs 13.25. Over 7 lakh shares were added to open interest which stood at 43.2 lakh shares.