Gold Silver Reports (GSR) – Shares of the Gurugram-based telecom infrastructure company rose 2.1 percent to Rs 340.15 after Morgan Stanley in a note said Bharti Infratel valuations are cheap and stock maybe getting close to buy territory.
Stock Market
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ITC Gains As Cigarette Cess Kept Unchanged At GST Council Meet
Gold Silver Reports (GSR) – ITC Gains As Cigarette Cess Kept Unchanged At GST Council Meet – Shares of the country’s largest cigarette maker rose as much as 3 percent, the most in over a month, to Rs 267.05 after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday.
Indian Bank, Union Bank Classify State Trading Corporation Account As NPA
Gold Silver Reports (GSR) – Indian Bank, Union Bank Classify State Trading Corporation Account As NPA – Indian Bank and Union Bank of India have rendered the accounts of State Trading Corporation (STC) as non-performing asset because of non-payment of interest on loans.
The Higher the Wall of Worry, The Faster the S&P 500 Climbs It
Gold Silver Reports – The Higher the Wall of Worry, The Faster the S&P 500 Climbs It — A constellation of risks that loomed on Monday, from trade tensions to the jobs report that wrecked equities last month, became reasons to buy by Friday afternoon. The S&P 500 Index ended up 3.5 percent on the week, volatility is rapidly abating and technology stocks are back at record highs.
Nifty PSU Bank Index Resumes Decline, Falls 2%
Gold Silver Reports – Nifty PSU Bank Index Resumes Decline, Falls 2% – Gauge of government-owned banks resumed decline after rising nearly 3 percent in the previous session.
Stocks Moving On Heavy Volumes
Stocks Moving On Heavy Volumes
✔ Central Bank of India: The Mumbai-based government-owned lender rose as much as 4 percent to Rs 70.30. The trading volume was 13.5 times its 20-day average.
✔ Schaeffler India: The Mumbai-based fabricated metal and hardware maker rose nearly 1 percent to Rs 5,345. Trading volume was 10.5 times its 20-day average.
Piramal Enterprises Gains After Allotment In Rights Issue
Gold Silver Reports – Piramal Enterprises Gains After Allotment In Rights Issue — Shares of the Mumbai-based specialty pharma company rose as much as 3.4 percent …