Gold Silver Reporta (GSR) – ONGC Rises On Talks With Ecuador For Upstream Oil Investments – Shares of the government-owned oil exploration company rose as much as 2.97 percent to Rs 185.55 after Ecuador held talks with ONGC for investment in upstream oil projects, Carlos Garcia, South American nation’s minister of hydrocarbon said.
Nervous’ Investors Pile Into Gold ETFs
Gold Silver Reports (GSR) – Nervous’ Investors Pile Into Gold ETFs — Holdings in all bullion-backed exchange-traded funds tracked by Bloomberg extended their ascent to the highest since 2013, rising for a fourth straight session in the longest run since January. Xetra-Gold, the third-largest commodity-linked ETF, had almost 177 million shares outstanding as of Monday, the most since the Frankfurt-listed fund started trading in 2007.
Fortis Healthcare Rises After Manipal Health Revises Deal
Fortis Healthcare Rises After Manipal Health Revises Deal
Shares of the Delhi-based hospital chain operator rose as much as 3.89 percent to Rs 152.30 after Manipal Heath Enterprises revised its offer to buy Fortis Healthcare’s hospital business after consulting with shareholders who expressed dissatisfaction with the earlier offer.
Hindalco, Vedanta Gain After Aluminium Rises In International Market
Hindalco, Vedanta Gain After Aluminium Rises In International Market
Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.
Brokerage Radar Stocks
Brokerage Radar Stocks
Macquarie on Indian Aluminium
📌 Expect Aluminium and Alumina prices to rise on Norsk Hydro shutdown and U.S. sanction on Rusal.
📌 Continue to assess developments, but a positive impact in short term is apparent.
📌 Hindalco, NALCO and Vedanta to benefit.
📌 NALCO is most sensitive to prices; Hindalco is top pick on these events.
Treasury Bill Sale of Rs 15,000 crore by the Government Today
Gold Silver Reports – Treasury-bill sale of Rs 15,000 crore by the government today will test investors’ appetite as sovereign bond yields climbed the most in two months. RBI will auction Rs 7,000 crore of 91-day T-bills and Rs 4,000 crore each of 182-day and 364-day notes.
Mahanagar Gas Block Deal Alert, April 11, 2018
Mahanagar Gas Block Deal