Gold Silver Reports (GSR) – ICICI Prudential Gains As Brokerages Maintain Positive Stance Post Q4 – Shares of the private life insurance company rose as much as 4.9 percent to three-month high of Rs 438.60. International brokerage Citi revised its recommendations and target price after the company announced its fourth quarter results.
Growth in Shale, Frackers Preach Patience on Payoff From $70 Oil
Gold Silver Reports (GSR) – Growth in Shale, Frackers Preach Patience on Payoff From $70 Oil — While first-quarter earnings were less than exciting, Schlumberger Ltd., the largest service provider, said it plans to profitably add about 1 million horsepower worth of rock-crushing pumps this year into North American shale. Halliburton Co., the fracking king, said it sees a return to the 20 percent profit margins last seen before the downturn.
Bharti Airtel Top Gainer On Sensex, Nifty On Surprise Q4 Profit
Gold Silver Reports (GSR) – Bharti Airtel Top Gainer On Sensex, Nifty On Surprise Q4 Profit – Shares of the country’s largest wireless telecom operator rose as much as 3.35 percent, the most in a month, to Rs 419.70 after it surprised Street with a profit in March quarter led by improvement in Africa business.
Gains In RIL, Bharti Airtel Cap Losses For Sensex, Nifty
Gold Silver Reports (GSR) – Gains In RIL, Bharti Airtel Cap Losses For Sensex, Nifty – Indian equity benchmarks edged lower dragged by HDFC Bank, Kotak Mahindra Bank and HDFC. However, the losses were capped as index heavyweight Reliance Industries, Bharti Airtel and Wipro saw buying interest. The S&P BSE Sensex fell 0.1 percent or 30 points to 34,585 and the NSE Nifty 50 index declined 0.13 percent or 14 points to 10,600.
Stocks To Watch: Ashoka Buildcon, DCM Shriram, Strides Shasun
Gold Silver Reports (GSR) – Stocks To Watch: Ashoka Buildcon, DCM Shriram, Strides Shasun — The S&P BSE Sensex rose 0.48 percent or 165.87 points to 34,616.64 and the NSE Nifty 50 index advanced 0.28 percent or 29.65 points to 10,614.35.
Crude Oil Down as Trump, France’s Macron Talk Iran Deal
Gold Silver Reports (GSR) – Crude Oil Down as Trump, France’s Macron Talk Iran Deal — U.S. President Donald Trump and French President Emmanuel Macron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the 2015 nuclear agreement but made clear he has little patience for it.
Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade
Gold Silver Reports (GSR) – Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade – According to market participants, the premium to the price formula paid by the winner was a touch above $0.30 a barrel, slightly below the price level achieved in the previous tender.