Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.
Money Market
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Sical Logistics Stock Gains After WInning New Contract
Gold Silver Reports (GSR) – Sical Logistics Stock Gains After WInning New Contract – Shares of the Chennai-based logistics services firm rose as much as 6.6 percent to Rs 224. The company was awarded a letter of acceptance by Northern Coalfields for mechanical excavations for a contract price of Rs 1,345 crores for excavation of 145 million bank cubic metre over a period of 51 months, according to its stock exchange notification.
Biocon Stock Declines After FDA Issues Form 483
Gold Silver Reports (GSR) – Biocon Stock Declines After FDA Issues Form 483 – Shares of the Bengaluru-based pharma company fell as much as 4.5 percent, most in almost two months, to Rs 634.3. The U.S. drug regulator issued form 483 with seven observations after completing pre-approval inspection of the company’s sterile drug product manufacturing facility at Bengaluru this week, according to the company’s exchange filing. Observations are largely procedural and not critical, aiming at continuous improvement, it added.
PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years ; Raghavan HKN, President – Outreach & Inclusive Banking, Equitas Small Finance Bank
Gold Silver Reports (GSR) – PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years – Shares of the jewellery maker extended declined for the ninth straight trading session, poised for its longest losing streak since November 2013. The stock fell as much as 14.6 percent to hit a four-year low at Rs 94.55. Trading volume was 9.7 times its 20-day average. The stock declined 78.7 percent so far this year.
HCL Tech Stock Meets Estimates In Q4; Sees Revenue Growth Of 9.5-11.5% In FY19
Gold Silver Reports (GSR) – HCL Tech stock Meets Estimates In Q4; Sees Revenue Growth Of 9.5-11.5% In FY19 – The country’s third largest IT outsourcing firm reported March quarter earnings which came mostly in-line.
Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend
Gold Silver Reports (GSR) – Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend – The iPhone maker committed to spend an additional $100 billion in share repurchases, it said Tuesday in announcing quarterly earnings. That comes on top of the existing $210 billion buyback program to be completed during the fiscal third quarter.
Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors
Gold Silver Reports (GSR) – Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors — Earnings from the country’s largest mortgage lender HDFC beat consensus estimates while the second largest private sector lender by market cap Kotak Mahindra Bank reported stable asset quality in March quarter.