Gold Silver Reports (GSR) – Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.
Cipla Shares Rise 4.2% On Heavy Trading Volume
Cipla Shares Rise 4.2% On Heavy Trading Volume – Shares of the drugmaker rose 4.2 percent to Rs 579, the highest level since March 12. Trading volume …
Hong Kong Plows $1.2 Billion Into Defending Currency to Little Effect
Gold Silver Reports (GSR) – Hong Kong Plows $1.2 Billion Into Defending Currency to Little Effect — The city’s dollar traded near HK$7.85 per greenback at 12:23 p.m. local time, the level that can spur buying by the de facto central bank. The Hong Kong Monetary Authority has spent HK$9.7 billion ($1.2 billion) mopping up local dollars since the weak end of the band was reached on Thursday for the first time since 2005. The pace of intervention shows outflows are bigger than people had thought, according to China Everbright Bank Co.
ICICI Bank Block Deal Alert
ICICI Bank Block Deal – ICICI Bank has 12 lakh shares change hands in a block deal Buyers and sellers were not immediately known.
Gruh Finance Gains After Announces Bonus Shares
Gold Silver Reports (GSR) – Gruh Finance Gains After Announces Bonus Shares – Shares of the lender rose as much as 6.5 percent after its fourth quarter net income beat analyst forecast. The company announced the issue of one bonus share for each held. The stock was the second-best performer on the S&P BSE 500 Index. Trading volume was 1.4 times its 3-month full-day average.
Wall Street Economists See Global Growth Cresting Not Collapsing
Gold Silver Reports (GSR) – Wall Street Economists See Global Growth Cresting Not Collapsing – Despite the soft start to the year and ongoing trade tensions, economists on Wall Street and beyond are sticking to forecasts for another solid economic expansion in 2018 while acknowledging the risks of slippage have mounted.
UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud
Gold Silver Reports (GSR) – UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud — The stock plunged 18 percent intraday to lowest since August 2006 …