RPG Life Sciences Rallies After Large Block Deal

Gold Silver Reports (GSR) – RPG Life Sciences Rallies After Large Block Deal — Shares of the Mumbai-based drug maker rose as much as 10 percent, the most in over a month, to Rs 436.90 after 71 lakh shares or 42.9 percent equity changed hands in pre-market trade.              

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PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses

Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.

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Goldman Sachs Sees Equity Volatility Spillover

Goldman Sachs

Gold Silver Reports (GSR) – Goldman Sachs Sees Equity Volatility Spillover — Strategists led by John Marshall observed that “a large number” of S&P 500 hedges expired over the past three weeks, leaving the average investor more exposed to stock swings. Meanwhile, the Cboe Volatility Index almost doubled in the first quarter as concerns over global trade tensions and the Federal Reserve’s monetary policy stirred up market turbulence. The options gauge, known as VIX, jumped 20 percent to 23.89 as of 12:11 p.m. in New York.

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Stocks Moving On Heavy Volumes

Stocks Moving On Heavy Volumes

⭐ Mahindra Holidays: The Chennai-based hospitality firm rose 2 percent to Rs 299.35. Trading volume was 7.8 times its 20-day average.

⭐ Tata Coffee: The Bangalore-based coffee producer rose 5.7 percent to Rs 119.45. Trading volume was 6.5 times its 20-day average.            

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